What is Arbitrage Betting? | Arbitrage Betting Explained
Arbitrage betting may sound complicated but it actually isn’t and it offers the best way of making money. In the business world, an arbitrageur would buy a commodity or currency at one price and immediately sell it at a higher price to a buyer elsewhere. In betting, arbitrage offers minimum risk and the chance to make profits long-term.
Arbitrage has been a part of the betting world since the very beginning, but the rise of online bookmakers has made it more popular. New arbitrage betting software also makes it easier to apply. So we are going to explain what arbitrage betting is, how it works and the best bookmakers for arbitrage betting UK.
- Important facts to know about arbitrage bets.
- Bookmaker comparison for arbitrage.
- How to find arbitrage bets.
- Top tips when placing arbitrage wagers.
- Using arbitrage software for betting.
Before you start: Important facts to know about arbitrage bets
Arbitrage or arbing is where a bettor takes advantages of the different odds offered by bookies to make a profit, regardless of how the game goes. Also known as matched betting, a wager will need to be made on the outcome whilst also making sure that the combined bets are not going to lose money. The key is to use different bookies with different odds and an odds comparison website. It is profitable but you need to know what you are doing and to be prepared to wager large stakes so Betting Sites Without Betting Limits are a good option. But the return on investment will add up. However, the variation in odds offered at the sportsbooks is unlikely to be that significant for the big sports competitions so you may have to bet on a more obscure event. You also need to make the bets simultaneously so that the prices don’t change between making the first wager and the second.
Now let’s do the maths.
If you were betting on a cricket match for a simple win or lose. You see that one bookie has the home team at 1/2 (or 1.5) and a second has the away team at 9/4 (3.25). By backing both bets, you will make a profit. First you need to work out how much to place on each. Firstly, decide how much money you want to get back and then divide that figure by the odds. If you want £500, you need to put £333.33 (£500 divided by 1.5) and £153.84 on the away side (£500 divided by 3.25). Your total stake is £487.17 and you are guaranteed to get £500 returned, so your profit is £12.83. Now that’s arbitrage betting explained, so where are the best places to bet?
Top arbitrage betting sites
Betfair has an interesting article explaining arbitrage and, as the world’s largest betting exchange, it claims to have many features which are advantageous for arbing. It serves as an odds comparison services, which is handy for arbitrage, and you can see how much you are allowed to bet before placing the wager, which is handy when calculating your opposing arb.
Pinnacle also has an informative article and a video guide to arbitrage and why Pinnacle welcomes it. Pinnacle claims it offers the highest limits online and will not close accounts of players who consistently win – the bookie says it welcomes winners because it helps tighten their odds.
Ladbrokes is a tried and trusted household name, thanks to its high street shops. You’ll get opening offers when you join up, which at the moment is a matched bet of up to £50. For football, it is worth checking the promotions for any boosted odds as these are giving better odds than previously forecast. This is certainly a bonus for your arbitrage bets.
William Hill offers a £5 free bet every week to both new and existing customers, so that will help improve your profit margin in arbitrage betting. Since arbitrage is more suited to obscure games or sports, the wide range at William Hill will appeal. Look out for the enhanced odds logo on certain events as this should mean you are getting better odds than at a rival bookie.
Bet365 is one of the top bookies and a wide range of betting opportunities, which are useful for bettors. There’s a 100% bonus up to a maximum of £200 for new customers, so this could give you a good profit on your first arber bet as £200 of your two opposing bets could be free money. For football bettors, we like the Bet365 stats showing an overview of the teams, head to head, and performance, which is very useful when working out which are the best matches to place your bets. Read more about the Best Online Football Betting Sites.
Titanbet has unique promotions including free bets each week as well as a wide range of sports, both big and small. We’re impressed by the Tipster sport betting tips and a 100% matched bet up to £200 with the Tipster bonus code. These tips are perfect for football betting with their pretty accurate forecasting, tips and odds. OpenOdds has also reviewed Football Betting Odds Comparison to help you.
Top arbitrage betting tips
- Keep a detailed account of all bets, wagers and wins. You’re betting a lot of money for a small profit so you need to keep your books in order.
- Searching through several bookies to find the best odds can be time-consuming so arbitrage betting software can save money and increase profits. You can join an arbitrage betting forum to keep abreast of which bookies are the best for you. To decide who to join, see our Bookmaker comparison articles.
- If you don’t want to invest in software, you’ll need to use an odds comparison website to look at the market – and then react quickly before the odds move.
- You will need to open several accounts so you can make sure you have access to the best odds. Also, look for signing-up promotions at our Bonus comparison review.
- Download an arbitrage betting calculator app as your arbitrage bet finder to determine various strategies and reduce the risk of making mistakes by manually working out the stakes you need to win. It’s quicker too and time is of the essence in arbitrage wagers.
Conclusion: Making informed choices to be a successful arber
Now it should be clearer what is arbitrage betting and whether it is your thing. You’ll need to be serious about making money from gambling to be a successful arber. It’s time-consuming and you need to keep a cool head to decide where to wager and to make simultaneous bets. The upside is that, if you play your cards right, you are guaranteed a win even if it is not much.
Betting regularly with fairly large sums will mean you can accumulate a fair amount of money and have the satisfaction of beating the bookies. The way to simplify this form of gambling is by using software to with live feeds from many bookies so you can see which ones are the best to place your opposing bets plus an arbitrage betting calculator to see what you need to trade to make a profit.