Arbitrage betting is somehow a rarely used, yet highly valuable way to approach smart sports betting. OddsShopper’s Arbitrage Bet Calculator Tool makes it even easier!
Arbitrage betting, often referred to as "arbing" or "sure betting," is a betting technique that takes advantage of pricing discrepancies in the sports betting market. It involves placing multiple bets on all possible outcomes of a sporting event using different bookmakers or betting exchanges to guarantee a profit, regardless of the final result.
The basic principle behind arbitrage betting is to find sports odds that vary significantly between different bookmakers or betting exchanges for the same event. Here's a step-by-step breakdown of how arbitrage betting works:
Identify Opportunities: Bettors search for events where the odds offered by different bookmakers or exchanges lead to a profitable arbitrage opportunity. This typically occurs when one bookmaker has higher odds for one outcome, while another bookmaker offers higher odds for the opposite outcome.
Calculate the Stake: To ensure a profit, bettors need to calculate the exact amount to wager on each outcome. This calculation considers the odds and ensures that the total amount bet covers all possible outcomes.
Place Bets: The bettor then places bets on all possible outcomes with different bookmakers or exchanges. This involves making multiple wagers to cover all possibilities.
Guaranteed Profit: Regardless of the actual outcome of the sporting event, the bettor is guaranteed to make a profit because the total winnings from the winning bet outweigh the total amount wagered.