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Sports Arbitrage Betting Explained

Arbitrage betting is a trading technique that uses the odds with a guaranteed profit. This is the only way to make a constant profit without having any interest in sports. However, this method has been used for a long time in financial markets, so average bettors might find it difficult to master.

What is arbitrage betting?

Arbitrage betting is a technique that involves placing bets on all the possible outcomes of an event simultaneously at odds that promise a profit. These bets are also called arbs, miraclebets, surebets and surewins. Placing bets on all the outcomes of a games with a single bookmaker would usually result in a loss. However, if you take the best odds from more than one bookie, your chances of making a profit increase. Most events have two possible outcomes, for example football, hockey and tennis, or three possible outcomes if a draw is possible. In practice, this method requires comparing the odds offered by different bookies, selecting the best ones and calculating if they can make a profit. The final step is to place the bets and collect your cash.

Why do these opportunities occur?

The most common reason why arbitrage opportunities occur are the discrepancies between online bookmakers and the necessity of keeping a balanced book. The discrepancy appears when bookmakers start accepting bets for different events. A few leading bookmakers will offer odds, while others who do not have this capacity will follow particular games and wait for the leaders to open before setting their odds. Even the leading bookies do not agree on the chances of an outcome, and as a result a discrepancy is created. This means that you have an opportunity for an arbitrage bet when the markets open. The second reason, the necessity to have a balanced book, occurs when the bookie receives disproportionate bets on the outcome of an event. In order to restore the balance, the bookmaker changes the odds, lowering them for an outcome with more best and raising them for an outcome that has received few bets. This results in an arbitrage opportunity.

How much money can I make with sports arbitrage?

A bettor can make as profit ranging between $1 and $15,000 each month, depending on how dedicated he is and how much he invests in. Although the capital you need for arbitrage trading has been speculated many times, the minimum would be $2,500 and the maximum $100,000. However, if you want to make $15,000 a month, sports betting should become a full-time job. You can also use it if you want some extra cash. The good part is that even with a minimum capital you can earn something between $15,000 and $30,000 in first year and even double the amount if you learn more advanced techniques or arbitrage trading software.

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