Sure Bets with Arbitrage Sports Betting
Arbitrage betting although profitable is a method of gambling that requires work and education. Other terms for it are “sure bet” and “miracle bet”, which make it sound misleadingly simple. Nothing is gained without knowledge and work, especially in arbitrage betting. Here as an introduction, we will tell you what it is and offer some advice on what to look for, places where information about it is available, and if you are a quick study, then – who knows: it may be a sure bet for you to fill up your bankroll.
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To explain arbitrage sports betting in simple terms, this refers to an option to bet opposite sides of the same game for a guaranteed profit. These situations arise due to bookmakers having different opinions of a game, or one bookmaker acting sluggish in moving their lines during market peaks, or sometimes as the result of a simple and minor line error. An example of an arbitrage opportunity would exist if Bodog.com had a line Jets +210 on the moneyline against the Patriots and their competitor Sportsbook.com had a line of Patriots -200 on the moneyline against the Jets. In such a situation one could risk $100 on the Jets to win $210 at Bodog and risk $206.67 to win $103.33 on the Patriots at Sportsbook. As a result no matter if the Jets win or the Patriots win the bettor receives $3.33 profit, and this is guaranteed.
While $3.33 might not seem like a lot, a 1.08% return on investment for money tied up only a few hours is nothing to complain about, even if it is just lunch money. The even better news is that as bankroll increases this guaranteed profit will as well, and the best of all news is that arbitrage sure bets can be made using bonus cash.
Most online bookmakers offer sign up bonuses, with the most common bonuses ranging from 10-20% of initial deposit. Most sportsbooks require these small bonuses to be wagered 3-5 times prior to requesting withdrawal. The good news comes in that when using the sports arbitrage method, not only are your profits on each game guaranteed, you’re also guaranteed to eventually convert your bonus to cash.
To find a list of bookmakers offering bonuses, see our USA Sportsbook Bonuses.
How to Find Arbitrage Sure Bets
One way to find arbitrage sure bets is to subscribe to premium line tracking software. You can Google search this topic or ask about it in sports betting forums. This method is, however, quite expensive and not worth it to many of our readers. So what we’ll suggest is that you use a free odds service such as sbrodds.com where you can see the lines posted for various games across multiple sportsbooks.
What we’ll warn you though is that you’ll need to be quick, as any gaps in lines that allow for arb bets to be placed often fill quickly.
Recommended Reading
The purpose of this article was to simply introduce readers to the concept of Arbitrage sports betting. There is a lot of hype on the net covering this topic that a reader should ignore and do further research on. Prior to getting into Sure Bets (arbs), we strongly recommend that you discuss this topic in sports betting forums with those already doing arb betting, and that you also read wikipedia entry: Arbitrage Betting, paying close attention to the risks covered in the lower section of the article.
