Sports Arbitrage Betting – What is it and Does it Work?

The internet is awash with betting systems that are guaranteed to make you your fortune, but very few live up to their promise. Sports Arbitrage however is slightly different in that it produces a guaranteed return. But what is it and does it work in practice? Read on to find out more:

Sports Betting Arbitrage, or “arbs”, in its simplest form is the process of placing bets with different bookmakers and at different odds so that a profit is guaranteed whatever the outcome of the event. As a simple example, imagine in a tennis match, bookmaker “A” may have player 1 at odds of 2.1 to win and player 2 at odds of 1.85, whereas a rival bookmaker “B” may see the odds as 1.85 for player 1 and 2.1 for player 2.

In this example you would be able to back player 1 to win at odds of 2.1 with bookmaker A, and player 2 to win at odds of 2.1 with bookmaker B. Lets see what would happen if you were to back each player at £100 to win:

Player 1 Wins: You make £100 x 1.1 = £110, less the £100 bet on Player 2 = £10 profit

Player 1 Wins: You make £100 x 1.1 = £110, less the £100 bet on Player 1 = £10 profit

So regardless of the result you have guaranteed yourself a return of £10 with no risk of losing

Ok, so now lets get real. This is an extreme (though not unheard of example) that has been used to illustrate the point, quite often the arbs will be much lower, but nonetheless they will be guaranteed winnings. The art comes in finding these arbs in the first place. There are literally hundreds of online bookmakers offering multiple different markets on thousands of sporting events, so they do crop up regularly. The art comes in finding these arbs in the first place.

It is possible to find these through your own research, but this can be an extremely painstaking method which will demand a large amount of time and effort on your part. The preferred option of is to use one of the “arb-hunting” websites or software packages available on the internet. Often these will provide immediate text and e-mail alerts the moment an “arb” is found to ensure you can act quickly.

However, It is also worth looking at the downsides of arbing. For instance some of these potential “arbs” will only be available for a short time, so you have to be prepared to act quickly. Sometimes, the act of rushing can cause errors and before you know it you’ve backed the same outcome twice, so you need to be able to perform in a cool and calm manner. You will also need to be aware of extremely large “arbs” which the bookmaker may well fail to honour due to the get out clause of “palpable errors”, however these occasions should be fairly obvious. Finally, do you have the available time to stop what you’re doing and get the arb on?

So can you make money from Sports Arbitrage? I would have to say “Yes” but as with everything, it is not as easy as it may appear at first glance and may need a little more time, effort and patience than you may be lead to believe.

Zero Risk Sports Betting For Profits! Arbitrage Sports Betting

Risk free betting, or arbitrage betting, is the act of placing bets on all possible outcomes of a sporting event so that you lock in a definite profit at the end of that event. This is great for sports fans to make some extra cash on the side with 0% risk.

Risk Free Betting: Real Life Example:

SAT FEB 13TH 2010 NBA ALL STAR DUNK COMPETITON: WINNER

– Shannon Brown » -250 1.40 (BWin) » £781.25 returns £1,093.75

– Any Other » +400 (5.00) (BET365) » £218.75 returns £1,093.75

– Total profit: 9.375% (£93.75)

A correctly staked investment of £1,000 guarantees a return of £1,093.75 no matter which Player wins the competition. That’s £93.75 profit due to discrepancies in the bookmakers’ odds guaranteeing a 9.375% profit on your investment!

The above information tells us that a betting market exists for which player will win the 2010 NBA slam dunk competition. It also tells us that BWin have odds of -250 (1.40) for Shannon brown to win and that Bet365 have odds of +400 5.00 for any other player to win.

By applying a simple mathematical formula to those odds, we are able to calculate that we can cover both possible outcomes of the bet and make a guaranteed 9.375% return on our investment.

We would invest our money in proportion to the odds on each possibility. The amount to invest on each outcome is calculated using another simple formula. £781.25 invested on Shannon Brown returns £1,093.75 and £218.75 invested on “any other player” returns £1,093.75.

£781.25 x 1.40 = £1,093.75

£218.75 x 5.00 = £1,093.75

Risk free profit = £93.75

It is very hard to find games with more then a 2-3% ROI. This was just a great arbitrage that I was lucky to catch in time.