Arbitrage in Sports Betting. What is it and How can you profit?
What is arbitrage? In this blog we will look at the basics of arbitrage betting and how you can profit from it.
Posted By
Miki PaletRelated Reading
Understanding 3-Way Handicap Betting
The 3-Way handicap, also known as the European handicap, might seem complex at first glance. We'll explain it in this blog to help you make informed betting decisions.
What You Need to Know About Parlay Bets
Parlay bets, known for their potential to significantly increase winnings from a single stake, spark considerable interest among bettors. We explain how they work in this blog.
Understanding Different Betting Odds Formats
Each betting odds format has its unique measurement system, and knowing the advantages and disadvantages of each can significantly impact your betting choices. We're going to compare and contrast the three primary odds formats: European, British, and American.
Table of Contents
- 1. Understanding Arbitrage Betting
- 2. Categorizing Arbs: Number of Outcomes
- 3. Categorizing Arbs: Timing of the Bet
- 4. Customizing Your Arb Filter Settings
- 5. Expert Tips for Selecting Arbs
- 6. Final Thoughts
Introduction
Arbitrage betting, a strategy that guarantees profit regardless of the outcome, hinges on the accurate selection of bookmaker arbs. In this guide, we'll delve into how to make these selections effectively using our scanner at ArbiChat.
1. Understanding Arbitrage Betting
Arbitrage betting, or 'arbing,' involves placing multiple bets to cover all outcomes of an event, ensuring a profit due to differences in bookmaker odds. Let's explore what arbs look like in our scanner.
2. Categorizing Arbs: Number of Outcomes
Arbs are commonly split into two outcomes (e.g., W1 - W2, TU - TO), but three-way outcomes (e.g., 1-X-2) are also prevalent. Some arbs even feature three intersecting outcomes, offering various winning scenarios. Our scanner allows users to filter arbs based on the preferred number of outcomes.
3. Categorizing Arbs: Timing of the Bet
Arbs fall into two categories based on timing: Prematch, which occurs before the event starts, and Live, happening in real-time. Prematch arbs are simpler and recommended for beginners, whereas Live arbs require quick decision-making due to rapidly changing odds.
4. Customizing Your Arb Filter Settings
Setting your arb filters is crucial before starting. Our scanner's filters allow for customization not just by the number of outcomes, but also by arb's percent, arb's age, preferred bookmakers, and sports types, ensuring you see only the most relevant arbs.
5. Expert Tips for Selecting Arbs
Here are some strategies to enhance your arb selection process: Choose popular leagues to avoid scrutiny, avoid odds that drastically differ from the market to steer clear of potential errors, and select arbs on events starting soon for quicker returns. Also, look for arbs that offer straightforward betting processes.
6. Final Thoughts
Selecting the right arbs can significantly improve your betting strategy, allowing for better bankroll management and reduced risk. By adhering to our advice, you can navigate the world of arbitrage betting more confidently.