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Arbitrage Sports Betting – In-Depth Guide

Arbitrage Sports Betting – In-Depth Guide

What if we say that there is a way to make guaranteed profits out of sports betting? Hard to believe, right? After all, sports betting is gambling. Hence, there is always risk involved. However, there is a way to make money out of your bets regardless of the outcome of the game. This is where arbitrage sports betting enters the picture.

Sports betting arbitrage can be a profitable strategy, but you need to know how to do it the right way. You will need to exert a lot of time and effort to make good money out of this strategy. In a nutshell, it is all about placing multiple bets to ensure a win. To know more about this strategy and how you can do it, keep on reading and learn from the insights we’ll be sharing in this post.

So, What is Arbitrage Sports Betting?

Also called sure bet, miracle bet, sure win, and arbing, arbitrage sports betting is a technique wherein you will be wagering in different booking platforms to cover all the possible outcomes. This means that regardless of the results of the game, one or more of your bets will be guaranteed a win.

Arbitrage sports betting online is possible with line shopping. The latter is the practice wherein you peruse several sportsbooks to find the best odds, making it easier to guarantee returns. There are three main situations wherein you have the opportunity to make an arbitrage bet:

  • When the wrong odds are assigned by the bookmaker
  • When lines are adjusted by the sportsbook
  • When bookmakers have varying opinions regarding the outcome of an event

Examples of Arbitrage Bets

To have a better understanding of how does sports arbitrage betting work, let’s take a look at the examples below.

Andy Murray vs Rafael Nadal in ATP Tour

In this example, we are going to look at a game between Andy Murray and Rafael Nadal. They are two of the best tennis players in the world, so expect that a game between the two legends will attract huge bets.

  • Betting Site A: Nadal to Win – 2.08 | Murray to Win 1.85
  • Betting Site B: Nadal to Win – 1.70 | Murray to Win 1.98

From the odds listed above, it shows that Betting Site A makes Nadal the favorite to win a match. Meanwhile, in Betting Site B, Murray is favored to win. As you can see, the differences in the odds are minimal. This commonly happens when you have two great players competing. To implement the arbitrage betting system, all that you will need to do is to wager on Nadal on Betting Site A and on Murray on Betting Site B.

Real Madrid vs Steaua Bucharest in UEFA Champions League

If you are a fan of football, then this is one of the betting opportunities that you might want to take advantage of.

  • Betting Site A has odds of 2.05 in Bucharest
  • Betting Site B has odds of 1.98 in Madrid

To apply the principle of arbitrage sports betting, this means that you have to bet on both betting sites. This is under the assumption that Bucharest is the favored team in Betting Site A and Madrid is the favored team in Betting Site B. To compute how much you will win, read the next section of this guide.

How Do You Calculate Arbitrage Bet?

To make this sports arbitrage betting guide more comprehensive, let us show you how to compute the odds and your win. We’ll use the examples above to help you understand how does sports betting arbitrage work.

Andy Murray vs Rafael Nadal in ATP Tour

The identification of an arbitrage opportunity is possible by computing the implied probability. To calculate the latter, you just have to divide the odds by one.

  • Betting Site A: Bet on Nadal to Win – 1/2.08 = .48 or 48%
  • Betting Site B: Bet on Murray to Win – 1/1.98 = .50 or 50%

The implied probability is the total of the two values – 48% + 50% = 98%. If the value is less than 100%, then this means that you are guaranteed to make a profit from your bet. The lower the value, the greater is the potential return on your bet.

Real Madrid vs Steaua Bucharest in UEFA Champions League

In a game of Champions League, below is a computation for arbitrage betting.

  • Betting Site A: $100 / 2.05 = $48.78
  • Betting Site B: $100 / 1.98 = $50.50

This means that if you place a $48.78 bet on Bucharest and $50.50 bet on Madrid, then the total wager will be $99.28 to win $100.

If Bucharest wins, then your profit is $.71.

  • $48.78 x 2.05 = $99.99
  • $99.99 – $99.28 = $.71

If Madrid wins, then your profit is $.71.

  • $50.50 x 1.98 = $99.99
  • $99.99 – $99.28 = $.71

As it is shown above, regardless of where you bet, in the end, you will win $.71. This may not be the best example because of the low winning. Nonetheless, this is a common thing that can happen in arbitrage sports betting online. The return is usually low, and you have to spend more because you need to bet on all outcomes. While the return is low, the good thing is that your win is guaranteed.

Pros and Cons of Arbitrage Bets

Should you try sports betting arbitrage strategies? Below are some of the pros and cons that will help you weigh the decision you are about to make.

Pros

  • Profits are guaranteed
  • No need to be an expert handicapper
  • Plenty of opportunities

Cons

  • Slim profit margins
  • Requires a lot of money
  • Risk of having your account closed

Final Verdict

In sum, arbitrage sports betting is a great way to make money out of wagering. However, it isn’t as easy as it sounds. You will need a lot of money. The profit margin can also be slim. Nonetheless, if you do it right, you are guaranteed a win, and in the long-term, can be promising in terms of returns.

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