How to Make Money Using Arbitrage Betting Techniques
With any type of sporting event that has a gambling factor to it, there is always some kind of interesting and unusual bet that can be made. One of the more daring wagers that a bettor can do is called arbitrage betting. Of course, with this type of wager, one needs to be seriously adventurous (or incredibly lucky).
So what is “arbitrage betting”, exactly? This type of betting means that when it comes to a sporting match, the bettor places a wager on several aspects of the match, with different bookmakers. Win, lose, low point spread, high point spread, you name it. While this sounds like an insane waste of money, the idea behind it is that, regardless of what is being bet, the bettor is still going to get a profit no matter who wins the game. This is also referred to as a “sure win” bet.
The basic premise is the odds between two bookmakers may differ. And if that happens, depending on the difference and the bets offered, one could feasibly bet both sides of an event with competing bookmakers, and guarantee a small profit no matter who wins. And, of course, bet enough money and a small profit becomes a big one. Now, we’re not going to go into the math here, as it can be long and somewhat complicated, but trust us when we tell you that arbitrage betting situations can and do exist all the time. It’s a matter of finding and exploiting them – arbitrage situations do not always exist.
The big key to arbitrage betting is to find differing odds amongst different bookmakers. And that’s where your friendly independent bookmaker comes in. The ones that will tend to go against the grain and give odds on what they personally think, and not the established odds. It is these types of free-thinking bookmakers that allow for heavy arbitrage betting to take place.
So, is this legal? And why would bookmakers agree to this happening?
Well, yes, it is legal, although some bookmakers will not take your bet if they suspect arbitrage betting (the way to get around this is to employ several different people to use several different bookmakers). However, it’s not something that is heavily guarded against, as in general terms, each bookmaker still feels they “win” in an overall sense – after all, you are just playing their odds – you win on the differing numbers between bookies.
It can be a complicated formula, but if you are interested in arbitrage betting, we encourage you to read up on the subject. It usually takes a hefty cash layout to participate (as margins can be slim as .1%), but, if you feel it’s a sure thing, well, why not?
Good luck!
