I was reading some sports betting articles recently and came across this concept called “arbitrage betting.” It sounded interesting - basically finding bets on different sites with odds that guarantee a profit no matter what happens.
I dabbled a bit in matched betting a while back (backing a selection and laying it at an exchange to minimize risk), but this arbitrage thing seems like a whole new level.
Anyone here have experience with arbitrage betting? Particularly, is there a good way to find these opportunities myself, or are there resources? I’d love to learn more before diving in.
I am not into sports gambling, since it is illegal in Texas, my hometown.
But, I know a thing or two about arbitrage betting. I doubt its efficacy since it is small margins we are talking about
And even then finding 3/1 odds is not always easy in any American sports bookies. You wouldn’t win anything if the odds are 1/2, 1/3, or anything substantial where the odds are 2/1
I’ve sure seen 3/1 and 2/1 in European Bookies, but most European games are three way (WLD) whereas American sports have either a winner or a loser, and there are rarely draws except for soccer
Hello, I’d like to promote my arbitrage calculator app, ArbiBet, available on Google Play. It allows you to adjust a slider and redistribute profits between different outcomes, making it a great tool for arbing. Give it a try! Best regards.
OddsJam is quite user-friendly. Just keep in mind that sportsbooks will eventually catch on, and you might end up with very limited betting amounts. I experienced this with MGM, DraftKings, and PointsBet.
I’m a bit late to the discussion, but how much were you betting? Should I keep my bets smaller to avoid getting caught, or go bigger to maximize earnings before I get caught?
A few hundred on each side. It really depends on your long-term goals. If you’re just betting for fun and entertainment, go big and maximize your gains from arbing. However, if you’re aiming for long-term profit in sports betting, you might want to avoid arbitrage altogether.