What is sports arbitrage betting and how does it work?
Sports Arbitrage Betting can be regarded as one of the hottest source of income on the Internet. Put simply sports arbitrage betting is the action of betting on both sides of a game at different sports books to guarantee a profit no matter the outcome of the game.
Put more simply, by backing all competing sides of a sporting event at different bookmakers using the highest odds available, you can set up a situation where each outcome will result in winnings greater than the total amount risked. This possibility arises from a difference in opinion about the fair odds of the event by bookmakers, and one bookmaker has given the favorite higher than usual odds, while the other bookmakers has given the underdog higher than usual odds. Individually neither bookmaker will make a loss, however if you take the combination of the two or more higher than usual odds, it may be possible to bet on all outcomes so that no matter who wins the sports event, your winnings will cover all bets completely and return a profit.
But there have been rising many questions among new users:
- Is sports arbitrage betting legal?
- Why do sports arbitrage opportunities occur?
- Do the bookmakers know about this?
- Can I really make easy money through this?
- Do people really do this?
- How much money can I make by doing this?
- We are here to answer all your queries.
Is sports arbitrage betting legal?
Yes, sports arbitrage betting is 100% legal and well practiced in every sort of financial market around the globe. All you are doing is placing bets with different bookmakers whose odds just happen to guarantee a profit overall. There is nothing illegal in that.
Why do sports arbitrage opportunities occur?
There are tons of different bookmakers in different countries. Odds are based on the anticipated flow of bets rather than the probabilities of the outcomes. For example when England play soccer most bets with UK bookmakers will be supporting England, while bets at non-UK bookmakers might be supporting the opposition. So the bookmakers offer the opposition at an inflated price to create a balanced book. Wildly different odds on the same games create a feast of sports arbitrage opportunities.
Do the bookmakers know about this?
Yes, the bookmakers know everything about sports arbitrage betting. Bookmakers don’t create arbitrage situations with their own prices. If this does ever happen it’s because of a mistake. You can’t go to a single bookmaker and bet on all outcomes without losing money. From a business perspective bookmakers are only interested in making money. A sports arbitrage bet is a good bet because the odds are always in the favor of the bookmaker.
Can I really make easy money through this?
Sports arbitrage betting should not be considered as an easy way to make quick money on the Internet. Instead this is a risk-free way of making money on sports betting. It is important to develop processes that enable you to act upon opportunities immediately. Sports arbitrage betting is risk-free, not effort-free. Your success depends upon your own level of commitment and hard work. Individual arbitrage prices do not last for long and there is a steep learning curve for all newbies to climb.
Do people really do this?
Absolutely. Some people do it casually, in their spare time in order to make some extra money. Other people invest a lot of money and trade as a full time job so that they can work from home. Sports arbitrage betting is not an underground secret society activity, it is well known, well practiced and very public. Professional sports arbitrage traders are known as arbitrageurs.
How much money can I make by doing this?
The returns possible depend on many factors, primarily your experience and understanding of the system as well as the size of your bankroll and how well you employ that bankroll. The more time and effort you are willing to devote to sports arbitrage betting, the more financially rewarding it will be. Professional sports arbitrage traders (arbitrageurs) do make thousands of pounds per month by employing sports arbitrage. But those full-time arbitrageurs spend a lot more that a few hours per day to make that kind of money.