What is Arbitrage Betting?
Arbitrage Betting is a sure way to secure profits without any risk! Occasionally, it is possible to bet on both sides of an event and make a profit. These opportunities are rare but occur almost every day.
Example
Imagine the following scenario:
You are analyzing a soccer game and you want to bet on goals and you go to 2 different bookmakers and realize that:
- Bookmaker A offers a odd of 1.90 for “Over 2.5 goals”
- Bookmaker B offers a odd of 2.20 for “Under 2.5 goals”
Let’s assume you have $200 to bet. You can use a website like www.arbitragecalc.com to check if there really is an opportunity to make money betting on both sides. If you input the data:
And then click “Calculate”, you will get the following output:
It shows a guaranteed ROI of 1.95%. You need to:
- Bet $107.32 in the odd of 1.90
- Bet $92.68 in the odd of 2.20
This way, it doesn’t matter if it’s over or under 2.5 goals; you will have a total profit of $3.90.
NOTE: It is possible to find arbitrage bets with 4%-12% ROI in the market.
It’s not easy to find these types of events manually, so I personally use a tool that finds these arbitrage bets for me. You can click on this link, they offer a free 7-day trial: Oddsjam
If you like the tool, you can have a 35% discount after the 7-day free trial.
Pros and Benefits of Arbitrage Betting
The main advantages are:
- Guaranteed Profit – Because you are betting on both sides of an event where there is arbitrage, you will win regardless of the outcome.
- Perfect for No-risk Bettors – If you prefer not to take risks with your money, arbitrage betting is the ideal way yo make money in sports betting without risk. By finding an arbitrage opportunity, you don’t have to worry about the outcome of the event.
- Great to Increasing your Bankroll – As a no-risk investment, it is an excellent way to grow your bankroll, allowing you to compound your gains.
Cons of Arbitrage Betting
It’s not all advantages, it can have some drawbacks, such as:
- You Need a Medium to Large Bankroll – To make decent money, you need a sizable bankroll. With an expected ROI of around 4%, it’s important to build a solid bankroll first to see significant returns. Otherwise, it may feel like you’re just making pennies.
- You Need to Be Fast – Arbitrage betting opportunities don’t last long. With softwares that analyze arbitrage bets every minute, like Oddsjam, you only have a few minutes to take advantage of these opportunities before they disappear.
How to Start with Arbitrage Betting
Feeling lost about the next step to take in starting with arbitrage betting? Here’s a step-by-step guide to help you get started:
- Set Up Account with Multiple Bookmakers: Arbitrage betting only works if you have accounts in a wide variety of bookmakers. This way, it’s easier to find 2 different bookmakers offering an arbitrage betting opportunity.
- Understand the Basics: Before diving into arbitrage betting, ensure you fully understand what it is to avoid losing money on bets that aren’t true arbitrage opportunities.
- Set Up your Bankroll: Decide how much money you will allocate for your arbitrage betting bankroll. I suggest keeping it separate from your regular bankroll to make it easier to track your profits and manage your funds weekly or monthly.
- Choose the Right Tools: It is not humanly possible to find arbitrage bets opportunities on your own, due to the almost infinite amount of different events and bookmakers. However, you can use software tools to help with it. You can see a review article about the software I personally use: https://lucrativetipster.com/oddsjam-review-2024/
- Stay Disciplined: You’ve reached the final step! To ensure you can generate an extra income every month from arbitrage betting, you need to be disciplined with your bankroll. That is why I recommend keeping it separate from your regular bankroll and using it exclusively for arbitrage betting.
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