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What is Sports Arbitrage Betting?

The definition of arbitrage is: “The use of different markets/market makers in such a way that you gain a risk free profit no matter what the outcome of the event is.” It’s a win win situation.

The benefits to Betting Arbitrage:

- Always win no matter of the outcome of the situation you invest in.
- Never lose – Profits are 100% Risk Free each and every time.
- An arbitrage bet can be made in minutes and allow you to profit over $100 easily.
- Cash in with NO prior business knowledge.

There are hundreds of online bookmakers for thousands of sporting events each week. Not all of these online sports books have the same odds given for each and every event. Some sportsbooks may favor one team, athlete, or event, and others may favor the other team, athlete, or event. In this case you have an arbitrage situation, where no matter what the outcome is, you are guaranteed to walk away with more money then you started with.

Example of an arbitrage betting opportunity:

These types of opportunities are extremely frequent if you know where to find the information. In our example we use a tennis match between, “Tom” and “Bob”. There are two sports books which have this match available, “Sports Book A,” and “Sports Book B”.

Sports Book A offers a line of 1.50 for Tom winning – A $700 bet for Tom returns (1.50X700)= $1,050 if he wins
Sports Book B offers a line of 3.50 for Bob winning – A $300 bet for Bob returns (3.50X300)= $1,050 if he wins

Thus, no matter what the outcome is, you will walk away with a $50 profit, a 5% return on your investment. Sure, $50 may seem like a small amount, but what other investment returns 5% within 3 hours or so?

What kind of returns can one expect?

The returns of arbitrage opportunities vary to a great degree, however most arbitrage bets have a return of 2-8% with the average bet returning about 4.5%. Check out http://www.sports-arbitrage.com for a complete list of thousands of past arbitrage opportunities with the return they made, next to each. As you can see, on a daily basis there are a large number of these arbitrage bets available. There are people that do this as a career and earn a very nice living from it.

Getting Free Arbitrage Notices:

So Far I have found one website that offers you free listings oif arb bet opportunities available each day. The catch is they only list the ones that pay 1% per bet and under in profit. Still this can be a great way for people to test the industry out and see that you can actually make money risk free. The website directly to the free daily arbitrage opportunities is: http://www.arbets.com then click on “free arbs”. For the higher arbitrage opportunities, which average 4% per opportunity you can pay £75 per month. Considering that there are enough opportunities posted each month to make you Thousands of risk free dolalrs, the price is well worth it.

Here are some more sites that Post free daily or weekly opportunities:

- http://www.arbspy.com/SportsArbitrage.aspx – 100% Free daily list
- http://www.gamblers-paradise.net – Free Opportunities ranging from 0.75 – 3% per bet
- http://www.oddstorm.com – Free for Bets that profit 1.5% and less
- http://www.arbexpert.com – Free 7 day trial
- http://www.zero-risk-arbitrage.com/popups/zerorisktrial.htm – Free 5 day trial
- http://www.juicetrading.com – Software with Free 1 week trial

Resources you will need

Now, to start off if you are serious you will need to find a service which provides you with updated high profiting Arbitrage opportunities. It can be very time consuming looking at hundreds of sportsbooks to find these opportunities by yourself. We recommend the following Services which are both reliable companies that provide up to the hour arbitrage opportunities:

http://www.arbets.com
http://www.arbhunters.co.uk
http://www.sports-arbitrage.com

Additional Money can be Made

Not only will you make money on each and every pair of bets you place, but you will also make quite a bit from the sportsbooks themselves. Many sportsbooks have a sign up bonus. They may offer a 50% bonus on any deposits you make. For instance if you deposit $500, they will ad $250 to your account. There is a catch though, you must wager the deposit amount and bonus “x” number of times before you can cash out the bonus. Having said this, it doesn’t matter since you are wagering in risk free opportunities.

The Catch?

We often get the question, “There must be a catch, right?” There really isn’t a catch. There are a few things you need to realize though before getting started, that may make sports arbitrage betting a little less appealing:

- You need to bet a lot of money in order to make a little. Most arbitrage opportunities will earn you on average, between $2 and $45 per $1000 bet.

- You need to have a lot of capital to get started most of the time. Considering that you need to wager $1000 or more per betting opportunity to really walk away with more then a buck or two, and the fact that there are dozens of sportsbooks, you’ll be required to have $500 in each of the possible sportsbooks you may use. Since there are maybe 30-40 possible sportsbooks that a wager opportunity will pop up for, that is $15,000 – $20,000 in free cash you will need to get started. Note that if you want to start out small, and only use a few sportsbooks, then you will find less opportunities, but some profits will still be there.

- Sports books constantly change their lines. You have to be careful not to “mess up”. If you see an opportunity make sure you place both bets at the 2 sportsbooks within seconds of eachother, to avoid those changing lines. This can be stressful, so make sure your office is quiet and avoid outside distractions like instant message windows popping up and kids screaming in the background.

- Sports books have different rules. For example, one sportsbook may return your bet if the outcome of the game turns out to be a tie, while the other sportsbook may consider it as a loss, or take part of the bet. Considering that these occurances are rare, and the chances of you winning or losing are 50/50, over the long run this is not a problem and doesn’t reduce your odds.

Some Advice to Beginners

Start out slow, making sure you are placing the right bets, or the right games, in the right leagues. Use “paper bets,” meaning don’t use real money, just pretend to bet and keep track as to how well you would do. When you do start out, start off with smaller bets until you get the hang of it, and see that you are making money. Investigate each sportsbook before you put money into it. Although there are not too many scams out there, they do exists and can cost you a large portion of your winnings if you do fall into one of those traps. Learn the rules of each sportsbook, and understand the math behind each bet completely. Don’t just blindly follow posted arbitrage opportunities. Make sure you understand in your head why the opportunity is a no fail one.

Other websites you may want to check out before you begin are:

- http://www.arbforum.co.uk/cgi-bin/yabb2/YaBB.pl – The Largest Forum for Arbitrage
- http://www.betlines.net – Get lines for basically every sportsbook online
- http://www.sportsarbitrageguide.com/wordpress – Sports Arbitrage Blog
- http://www.bet.de.ms/ – Very good Bet Arbitrage calculator whish will help you understand how each bet will work for you.
- http://www.arbbest.com/forum/ – A very good forum dedicated to Sports Arbitrage Betting.
-http://www.sports-arbitrage.com – A huge list of over 150 online bookmakers.