rbitrage betting is a strategy that requires covering different betting outcomes by placing bets with different bookmakers to take advantage of variation in odds.
Arbitrage, know as ‘arbing’ is the next step up from matched betting which pays a Return on Investment (ROI) of more than a 10% yield per annum. arbs
What is Sports Arbitrage Betting?
Arbitrage betting ensures you profit on every sporting event no matter the outcome. Arbitrage Betting is not gambling as it is considered to be more of a mathematical process covering all outcomes of an event and is often called a ‘surebet’. You only place an arb bet when the probability of profit is 100%.
How Does Arbitrage Betting Work?
This is achieved by taking advantage of discrepancies between odds that arise when bookmakers or betting exchanges have a differing option on the outcome of an event which are reflected in the odds they provide.
There are two ways you can cover all possible outcomes;
1. Back and Lay Betting
Back and Lay Arb Betting is basically the same process you would undertake if you were matched betting which involves placing a back bet at a bookmaker and a lay bet at an exchange such as Matchbook. If the bookmaker odds are higher than the exchange odds, then this is classed as an ‘Arb’ and is considered a sure bet.
Let’s assume you back Manchester United to win at 2.0 at Bet365, however, on Betfair Exchange, the odds for Manchester United to win have dropped to 1.90, this is a perfect ‘Arb’ opportunity. You would simply lay the lower odds at the exchange to lock in profit.
To ensure we calculate the back stake and lay stake correctly we would use a matched betting calculator.