Friday, December 10, 2010
Sports Betting Arbitrage: We Answer Your Most Frequently Asked Questions
Sports Betting Arbitrage Question # 1: What exactly is sports betting arbitrage?
Arb or arbitrage betting is when a bettor makes profit out of bookmakers price difference or error. A bettor who participates in arbitrage betting will book on most outcomes and the price difference allows them to make money.
Sports Betting Arbitrage Question # 2: Are bookmakers aware of this?
Yes, arb betting is a major part of the gambling industry and there are many gamblers who do arb betting. However you should be aware bookies do not create arb betting. The profit from this betting system stems from bookmakers making mistake. You wont make any money when you go to just one bookmaker and bet on all the outcomes.
Bookmakers, you see, do not need to balance their book they just want to make money and they do so from commissions. So even when a bookmaker is short and does some erroneous calculations he still makes money and so can you (from the bookmaker’s error) make case as well.
So yes, bookmakers do know about arb betting but of course it is an activity that is not to be flaunted. When you go into arb betting you should be able to do stealth transactions as to not reveal yourself and get banned from the bookies.
Sports Betting Arbitrage Question # 3: How can I make sports arbitrage work for me?
The only way to make arbitrage betting is to use 2 or more bookmakers. Remember betting on all outcomes on just one bookie wont work. when looking for various bookmakers get 2 bookie with huge price differences and make it count so that an arbitrage is made with the difference.
In the past decades arb betting used to be a difficult endeavor because there are so many bookies out there and you really have to do research. The advent of the Internet has made life easier for arbitrary betting, you just have to sit comfortable and surf the World Wide Web.
Sports Betting Arbitrage Question # 4: Why does arbitrage occur in sports betting?
When you look out there you will see various (hundreds!) of sports books that vary from one country to the next. There are many bookmakers who specialize in focused sports from all over the world. This results in bookmakers over stretching in terms of the odds they offer as they try to cover the hundreds of sportbooks market out there all over the world. This is an advantage especially for people who like sports betting arbitrage because as they spread themselves, these bookmakers are prone to make erroneous calculations that are the fundamental element of arb. So do your research create some leverage and bet arb!