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Is Betting Arbitrage a Sure Bet?
In the world of sports, betting arbitrage, if done correctly, can be very profitable. Making your profit, however, will involve work and research.
In betting arbitrage, the punter, or punter, places bets with two (or more) bookmakers, who have different opinions regarding the outcome of a sporting event. This results in both bettor and bookmaker profiting.
For example, suppose you bet on two basketball teams, using two bookmakers:
Bookmaker Y has odds of 1.15 on team A and 7.00 on team B
Bookmaker Z has odds of 2.00 on team A and 7.50 on team B
You can place two separate bets with the two bookmakers – bet on team B with bookmaker Z and on team A with bookmaker Y – and whatever the outcome you will always profit if you calculate the amount carefully of your bet.
If you are somewhat familiar with betting arbitrage, you may have heard rumors that it could make you a millionaire. Unfortunately, this is only true in limited cases. Each trade will return around 3-4% of your initial investment. If you reinvest your earnings plus your original amount, you can grow your funds, but it will take time. Online betting arbitrage systems can be tricky to learn, so don’t get greedy and rush through multiple trades at first because you want to become a millionaire fast. This method will only cause you to make mistakes and lose money. Be patient, and over time your money will steadily increase.
Arbitrage betting can easily start as a supplement to your income. Don’t quit your day job just yet, because you want to make sure it’s right for you. By the end of the first year, you’ll probably make an 8-12% return.
Although betting arbitrage is often touted as “easy”, it is not effortless. There are websites that can help you find sporting events to bet on, but you should always have a basic understanding of your sport, in case strange rules might interfere. For example, two different accountants may react differently to a pitcher change in a baseball game (some bookmakers will void your bet in this case). It also serves as a reminder to investigate the bookmakers thoroughly before your bet is placed, so that there are no surprises.
Likewise, bookmakers have their own websites. You’ll find that you prefer some over others based on ease of navigation, and a lot of that comes down to personal preference. Keep in mind that these are websites you will need to use quickly, so make sure you are very comfortable with them. Also, if your computer and web browsing skills are poor, you may want to practice using the internet before you start betting real money.
Finally, once you think you are ready for arbitrage betting, most people recommend you start with paper trading. It involves writing down the trades you would have made, but not betting real money, just for practice. You might be disappointed because you might lose money on your paper practice rounds. But, remember that you are trading paper to protect yourself until you are sure you know what you are doing.
When you feel you’re ready for the world of betting arbitrage, open a few bookmaker accounts and have fun!
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