What Is Arbitrage Betting?
Arbitrage betting is a unique way of sports wagering that offers a guaranteed profit. But, it is easier said than done. To earn some money, you will need to find a sporting event that has different odds at two sportsbooks. This can sometimes work at one bookmaker, but you might get a permanent ban.
It requires placing wagers on opposite sides of a match at the two bookmakers. Also, you will need to place a different amount for each of the two bets. The outcome of the match is irrelevant as you will collect a payout regardless of the result.
For this purpose, you will need to use an arbitrage calculator. It determines which bet to place at which bookmaker. It also shows you how much money you should put into each stake so you can make a profit.
The best matches for arbitrage betting are the ones that differentiate in the odds the most. Here, the bigger the difference, the bigger your potential earnings.
We should point out that there are two types of arbitrage betting. One of them is the prematch arbitrage bet where you wager before the event starts. This is harder to do as the bookmakers are rather quick to adjust the odds.
Then, there is the live arbitrage bet. As you may know, the live odds change very often throughout a match. This gives you the best opportunity to place such wagers and earn a hefty profit.
Why Punters Should Do Arbitrage Betting?
Punters should use arbitrage betting whenever they can, because of one perfectly reasonable purpose. It provides a guaranteed profit, which is what every punter likes to get their hands on. No other type of market or way of sports wagering can offer this end result.
However, this works only if you use the arbitrage system. It determines how much to bet and what options to use at each bookmaker. Without this calculator, you will almost certainly suffer some losses.
You shouldn’t worry about backing the winner in a match, as the outcome isn’t important. With arbitrage betting, you are basically wagering on the two possible outcomes. Here, you materialize on the different odds that the Nigerian bookmakers are offering.
If you are into live betting, then you should definitely make use of arbitrage betting. During the live matches, the odds tend to change drastically. This gives you the perfect opportunity to place arbitrage bets and earn a big profit.
Maximize Your Advantages With Arbitrage Betting
You can surely maximize your advantages with arbitrage betting. There isn’t a better way to earn a guaranteed profit at the Nigerian bookmakers than through this type of wagering.
At the bookmakers, you can locate many matches that have a difference in their odds. However, don’t pick just any event. Find the one that has the biggest gap between the odds. Those are the events that will provide the best payout.
Avoid those events that feature a lower difference in the odds. They are providing smaller profits that aren’t worth waiting for. When looking for matches, you have to compare several bookmakers, which may some time. But, it will won’t be for nothing if you earn a big profit.
We must mention that you should only pay attention to the betting markets with two outcomes. For instance, betting on an American football, where one or the other team can win the match. You can even place many football bets, such as over/under, Asian handicap, both teams to score or not, etc.
The best way to make money with the arbitrage betting is by wagering on the live matches. These events feature odds that change very often.
It is the perfect way to place such bets, as some bookmakers may need some time to adjust the new odds. But, you must be fast in order to achieve this. We recommend you use two devices.
Yet another good way to benefit from arbitrage betting is by applying for promo offers. You can find boosters and enhanced odds that can help you locate sporting events. The sportsbook that has such promos will feature bigger odds than the betting sites that don’t offer them.
This makes it easier to place arbitrage bets, but also to find matches with a bigger difference in the odds.
Arbitrage Betting Example
In order to start your arbitrage betting journey, you will need to join at least two bookmakers. Choose such betting sites where the odds differ in numerous sporting events. Register and verify your accounts at the featured sportsbooks and deposit some funds.
Then locate a sporting event that has varies in odds between two bookmakers. The larger the difference the better for you. Now, use the arbitrage calculator to determine your next step.
In there, you will need to input the betting markets’ odds from both sportsbooks. Then type in the available budget and generate the result. The system will tell you which bet to use at which bookmaker. It will also show you how much money to place per bet.
Then, go to one bookmaker, select the event, and click on the featured betting market. Type in the pre-determined amount and confirm the wager. Then, access the second sportsbook and place a wager on the opposite market with the featured funds.
Now, all that you need to do is wait for the match to finish. You will receive a payout regardless of the outcome which will cover your losses and make you a profit.
Here we’ll look at a more exact example so you can have a clearer view on arbitrage betting. Let’s say you want to bet on a boxing match between Tyson Fury and Anthony Joshua. Now, here are the odds provided by two Nigerian sportsbooks:
- Sportsbook 1: 1.80 for Fury to win; 2.10 for Joshua to win
- Sportsbook 2: 1.95 for Fury to win; 2.20 for Joshua to win
When you input the odds into the arbitrage calculator you’ll get that you should back Joshua at the first sportsbook. Then, you will need to place a bet on Fury to win at the second bookmaker.
If we are willing to spend $100 on both bets, then you must place $48.15 for the first bet. The second wager requires $51.85 so you don’t lose money. After that, regardless of who wins the match, you will make a profit.
Pros/Cons
Pros
- Guarantees a profit at the bookmakers
- Suitable even for beginners
- There are plenty of sporting events to choose from
Cons
- You must wager with a lot of money to earn a solid profit
- It requires a good amount of time to find the perfect event
- The bookmakers limit the stakes so you cannot place too big amounts
Odds
For the arbitrage betting, the odds are the most important feature. Without the bookmakers’ inability to adjust them quickly, this type of wagering wouldn’t be possible.
The whole purpose of arbitrage betting is to find sporting or non-sporting events that have different odds the sportsbooks. Punters are on the lookout for matches where the odds differ by a big margin. Smaller differences in the odds will only provide smaller profits, so make sure to avoid them.
Also, the Nigerian bookmakers are trying to fix the margins in the odds rather quickly. So, you must be fast so you don’t miss out on some good profits.
By far the best way to find matches that differ the most in the odds is by examining the live events. Here, the odds tend to shift very often, which gives the punters many opportunities for materializing.
Lastly, try to examine as many betting markets as possible, as each of them offers unique odds. You never know where you can find the difference in the odds.
Arbitrage Betting Offers and Promotions
As you know, there are many bonuses and promotions at the Nigerian bookmakers that can stimulate your betting sessions. However, you cannot use all of them for your arbitrage betting.
The best offers are the enhanced odds, which apply only to certain matches. These promos will make them appear with bigger odds than usual. This makes things much easier for you, as you will surely find bookmakers that offer different odds for your arbitrage bets.
Next, we have the free bets, which allow you to place wagers without spending your own money. You can usually find them as sign-up bonuses at the bookmakers.
Now, they come with limited credits, which means that you can only spend a certain amount on a wager. Also, you will need to calculate how much money to spend on the second bet, which you must place in a different sportsbook.
Another good promo is the one that gives out extra cash. They come in the form of deposit and reload bonuses, which require a certain deposit. After claiming the bonus money, you can use it to place one of the arbitrage wagers. Free bets and bonus cash are great for getting additional profits.
The cashback offer can also be of great use. There are some cashback promos that give back either a portion or the full wager back to you. This is only profitable if you lose one of the arbitrage bets at the featured bookmaker.
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What Are the Alternatives to Arbitrage Betting?
Arbitrage betting is a unique way of wagering that no betting market can match. Because of that, it is hard to find a solid alternative to it.
However, one betting option that is also offering a less risky way of wagering is the double chance bet. With this market, you are wagering on two of three outcomes. This means that you have a good chance of winning. However, it also provides smaller payouts, especially if you use it on the favourite.
Placing a double chance bet on the underdog comes with bigger odds, but they are harder to win. So the best way to use this market is by combining several good selections on a bet slip.
Another betting option that can act as an alternative to arbitrage betting is the moneyline bet. It is basically the same type of wager, but without betting two times.
Moneyline bets are easy to win if you are betting on the favourite. But, it requires a big stake in order to make a profit. And there is also the chance of losing the bet. Yet, you can always include several such bets and place a smaller amount and still earn a solid payout.
FAQ: Arbitrage Betting
To place an arbitrage bet, you will need to register accounts at two Nigerian sportsbooks. Then verify them and deposit money at both of them. Now, look for a match that has different odds at the two betting sites. When you find such an event, input the market odds and your available funds into an arbitrage calculator. Then, according to the results, place one wager with the given stake at the first bookmaker. After that, back to the opposite market with the featured amount. Lastly, wait for the match to end and collect your profit.
Yes, it is very much possible to make arbitrage bets. But, make sure to do them at separate bookmakers, with one bet on each platform. If you do both bets at a single sportsbook, then the operator will surely ban your account. Also, make sure to use the arbitrage calculator to determine which bets to use on which platform. It will also show you how much to spend.
You can cash out a still-to-be-settled bet at some Nigerian bookmakers. But, we don’t recommend it as it will ruin the whole purpose of arbitrage betting. With this way of wagering, you get a guaranteed profit. So, you don’t need to cash out early, as you may lose money instead of winning some.
Yes, you can most definitely use your mobile device to place arbitrage bets. Almost every Nigerian bookmaker features a mobile-friendly platform. Some may even have their own mobile betting app, where you can do the same type of betting.
You can expect to win every arbitrage bet that you make. But, you must be aware of a few things. Make sure to use an arbitrage calculator to figure out what to do at the bookmakers. Also, don’t use this wagering option at one sportsbook, as you will receive a ban.
Responsible Gambling
As arbitrage betting is offering guaranteed profits, it is super easy to get a gambling addiction. So make sure to use it only for the fun part and not as a way of making money for a living.
Sports betting can cause much harm if you are not careful. It is best if you use the tools that are available in the sportsbooks. Here we mean deposit limits, reality checks, self-exclusion, and a few more. They can help you prevent gambling addiction before it’s too late.
If you feel like you’re becoming addicted to sports betting, then there is only one thing that you should do. You must contact an organization that helps people who are suffering from gambling harm.
Recap of Arbitrage Betting
Arbitrage betting is the best way to approach sports wagering as it provides a guaranteed profit. It is a unique feature that no other type of betting can offer. It might be complicated and time-consuming to place such bets, but it is totally worth the energy.
Make sure to find sporting events and markets that have big differences in the odds. This will bring you some decent profits, which the smaller margin in the odds cannot provide.
One of the best ways to find such events is during the live matches. Also, keep an eye on the offers with enhanced odds as they can help you find what you’re looking for.
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