Sports Arbitrage Betting Guide

Your Complete Guide to Arbitrage Betting

Arbitrage Betting is the act of betting on all possible outcomes of a sports match at the same time. Fans of arbitrage betting claim it’s a surefire way to make money from any sporting event.

But is arbitrage betting really that easy? Today, we’re going to teach you everything you need to know about Sports Arbitrage Betting.

How Does Arbitrage Sports Betting Work?

With arbitrage sports betting, you simultaneously bet on both outcomes of a match. If you’re betting on a soccer match between a red and blue team, for example, you would place one bet for the red team to win and another bet for the blue team to win.

Why would you do this?

You do this because online brokers have small differences between sports odds. By taking advantage of these differences and betting on two different outcomes from two different bookmakers, you can guarantee yourself an income from any sporting event.

That’s why people calling arbitrage sports betting “non-gambling” because it’s a guaranteed way to make money from a certain activity. You’re not really “gambling” on anything: you’re just taking advantage of small differences within the system to make a lot of money.

You start by signing up for multiple online bookmakers. Then, you look for “arb” opportunities online, or subscribe to an alert service.

Obviously, this isn’t a way to instantly make $10,000 from a single sports bet. Instead, your best case scenario is a 1% to 5% difference between odds. That’s not a lot of money if you’re betting $100 – but it is a lot of money if you’re betting $10,000 or even $100,000.

How to Start Arbitrage Sports Betting

Starting arbitrage sports betting is relatively straightforward. Here’s an easy step by step guide:

What You Need:

— A Computer Or Mobile Phone

— Money (a typical recommended starting amount is between $2,500 and $10,000 – anything smaller than that and your winnings will be wiped out by fees)

Step 1) Open multiple bookmaker accounts. Find reputable bookmakers available in your country and try to sign up for at least 5 different services. The more bookmakers you use, the easier it will be to find arb opportunities. At this point, you shouldn’t have to deposit any money into your bookmaker accounts (although feel free to take advantage of bookmakers’ bonuses, which might reward you with free money after depositing money).

Step 2) Find arbs. Finding arbs is the hardest part of your new job as an arbitrage sports better. Basically, this requires you to look at arbitrage sports betting forums/messageboards, buying arbitrage trading software, or subscribing to sports arbitrage alert service. Basically, use any method you like to find good arb opportunities.

Step 3) Once you’ve found a surebet opportunity, it’s time to scan your bookmaker sites and look for the event on which you’re about to bet. For this step, it’s helpful to keep your bookmakers sites open in multiple tabs and logged in, letting you easily scan each site for opportunities.

Step 4) Once you’ve verified the odds are correct and there is an opportunity for the surebet, you’ll need to calculate the specific betting amount using an arbitrage calculator. You can download free arbitrage calculators and find different calculators online. These calculators show you the exact amount you need to bet to make money (you just enter the odds and it will tell you the amount – in percentage – to bet on each side in order to make money regardless of the outcome).

Step 5) Once you’ve run the numbers through the arbitrage calculator, place your bets. Make sure your numbers are correct. If this is your first time arbitrage betting, then you should start with small amounts in order to get the hang of it. You don’t want to lose thousands of dollars because you forgot to place the right bets.

Ultimately, arbitrage sports betting may seem like a lot of work when you’re starting off. Over time, however, you’ll get used to it and it won’t take long before you’re making money online with arbitrage betting.

How Does Arbitrage Betting Software Work?

There are countless arbitrage sports betting software programs on the market today, and most of the genuine ones cost money. All of this software works in pretty much the same way – although some of the software is more effective than others.

Basically, the software uses an odds comparison table to identify arbitrage opportunities. This odds comparison table analyzes the odds from all of the most popular bookmakers.

When a significant discrepancy is detected, the software will send you an alert. Sometimes, you can get this alert sent to your phone, letting you make bets on-the-go and capitalize on every opportunity.

The alert will tell you about the bet type (like moneyline) as well as the return (like 1% or 4%). It will also tell you the bets to make, like Calgary Flames @ 3.45 at Cloudbet for 30.25% of total bets and Vancouver Canucks @ 1.496 at Nitrogen Sports for 69.75% of total bets.

You log into both bookmakers, verify the odds are correct, then place your bets.

When you use arbitrage betting software like this correctly, that software can make you a lot of money.

Is There Any Risk?

Up to this point, arbitrage sports betting may seem like a perfect opportunity: you can make thousands of dollars simply by taking advantage of a basic internet system? And you can do it from anywhere in the world? Sounds great!

Well, before you go invest $10,000 of your hard-earned cash into two different online bookmakers, you should read about some of the risks inherent to arbitrage sports betting.

The first and most dangerous risk is that almost all online bookmakers’ terms and conditions allow them to refund bets if the odds were obviously incorrect due to human error.

If you find an online bookmaker that has odds significantly different from the consensus (like a short-priced favorite turning into a high-priced underdog), then that’s most likely the result of human error, and you’re probably not going to take advantage of that bet.

The good news is that human error is relatively rare these days. Most online bookmakers have automated systems and checks and balances. You’re more likely to see human error in your sports betting arbitrage alert service than in the online bookmaker itself.

Aside from that, the only other downside to sports arbitrage betting is that you typically need to put up a large amount of capital in order to make decent gains. The people who run online betting services aren’t idiots, and they know that arbitrage betting exists. As a result, they might charge various fees to make sure the house always wins.

Is Arbitrage Sports Betting Right For You?

Sports Arbitrage betting is a virtually risk-free way to make money from the comfort of your office chair (or mobile phone). If you’ve always been intrigued by the money and excitement of sports betting, but didn’t like the inherent risk, then arbitrage sports betting may be the perfect way for you to make money online from home.