Arbitrage Betting on Sports.

[Garf79]

Sports betting arbitrage strategy:

Arbitrage betting involves the placing of wagers on a sporting event to make a profit, or at least make no loss, regardless of the event outcome. Sports betting arbitrage opportunities typically arise when two or more bookmakers offer different odds. Note that an arbitrage opportunity is distinct from a hedging opportunity. A hedging opportunity typically arises due to varying odds over time rather than inter-agency discrepancies. For example you could place a wager on one team at 2.10 odds, only to observe later that the odds on the opposing team have lengthened to 2.20. You can hedge your bets by placing a second bet on the opposing team to lock in a guaranteed profit. For example, the odds on Australia to beat England in a test match will change each day depending on the previous day’s results. Hedging opportunities frequently arise during live betting, where the odds drastically change with each goal or try scored. Hedging isn’t the same as arbitrage, because when you place your initial bet you are not certain if a hedging opportunity will arise.

Betting like this if done correctly can give you a risk free way of making money, the only thing is you have to work for it. You will have to constantly check odds and watch how they change and not just from one book maker but up to 3 or 4 at a time to find multiple and the best arbitrage betting opportunities. People make good money from this betting strategy and it would be nice to see some on the forum.

[Sumit]

Less profits but sure profits 😀