Betting customers are always looking for ways to beat the bookmakers. Arbitrage betting is a method used by many today. Involving placing bets on all possible outcomes of a sporting event in order to guarantee for a profit, Arbitrage betting is growing in popularity. Also known as “arbing”, this method of wagering is made possible due to the different prices offered by betting sites.
Punters will stake on one outcome, before betting on the opposite outcome on another site. Sounds complicated? It really isn’t. This page will explain exactly how Arbitrage betting works. Our experts will provide clear examples, as well as how this strategy can be used to win money.
The best bookmaker for Arbitrage Betting in India
What is Arbitrage Betting?
Arbitrage betting effectively involves covering all possible outcomes from a sporting event. In doing so, punters hope to ensure for a profit, regardless of the result. This method of betting works best when just two outcomes are available, with a tennis match being a good example. Punters place bets on different betting sites, taking advantage of different bookmaker odds. Let’s take an example from the world of tennis:
– Novak Djokovic is priced at Bookmaker 1 at odds of 1.60 to beat Rafa Nadal
– Nadal is priced at odds of 2.80 to beat Djokovic
– Place a bet on Djokovic to win at Bookmaker 1.
– Place another bet on Nadal to win at Bookmaker 2.
Arbitrage betting is unlikely to bring about large winnings, however it is a method of bringing in consistent earnings. However, punters should be aware that bookmakers will be on the lookout for those placing arbitrage bets, even though they are difficult to spot.
Why Punters Should Place Arbitrage Bets?
This really is simple. When carried out correctly, Arbitrage bets guarantee a profit. While this can be small, the fact that any form of earnings is assured makes this strategy worth considering. Arbitrage betting takes a little more time in researching markets and placing wagers, however the investment is worthwhile. Arbitrage betting also involves signing up with more than one online bookmaker, meaning that punters can take advantage of the bonuses offered to new customers on chosen platforms.
Maximize Your Advantages with Arbitrage Betting
Arbitrage betting is available on a regular basis for those with a good knowledge of sports or a particular discipline. While this form of wagering is unlikely to bring about major returns, it can be rewarding to those who do it right. Opportunities can pass by in the blink of an eye, so be sure to keep a close eye on markets and price fluctuations. Aim to sign up on multiple betting sites, thus maximizing the chances of placing such bets. Carrying out Arbitrage betting with different bookies will make you less conspicuous. Those who continuously use this strategy on the same sites risk having their accounts closed.
Arbitrage Betting Examples
Arbitrage betting is most commonly associated with sports such as tennis, basketball, American Football, snooker and now Esports. So, let’s take a closer look at some examples of this method of gambling:
Los Angeles Lakers are 1.30 with 22Bet to beat the New York Knicks.
The Lakers are priced at 1.42 by Betway to win the match.
The Knicks are priced at 3.93 by 22Bet to win.
The Knicks are priced at 2.90 by Betway to win.
Bet 1000 INR on the Lakers at Betway, bringing about returns of 1,420 INR if they win.
Bet 360 on the Knicks at 22Bet, bringing about returns of 1,440 INR if they win.
Total stake of 1,360 INR brings about a guaranteed profit.
The Chennai Super King’s are priced at 1.70 Leovegas to beat the Dehli Capitals.
The Super Kings are priced at 1.60 at FunBet to win the match.
The Capitals are priced at 2.38 to beat Chennai at Leovegas.
The Capitals are priced at 2.50 to win at FunBet.
Place a 1000 INR bet on the Super Kings to win at Leovegas.
Place a second bet of 680 INR on the Capitals to win at FunBet.
A profit of 20 INR is guaranteed.
Pros & Cons of Arbitrage Betting
As with any form of gambling, Arbitrage betting comes with both benefits and limitations. With that being said, let’s take a closer look at the main pros and cons of Arbitrage betting:
Arbitrage Betting Odds
Odds are hugely important when it comes to Arbitrage betting. Whether you are placing bets on traditional sportsbooks or betting exchanges, punters must weigh up prices offered and potential returns in order to find arbing opportunities. Even the smallest of changes can make a significant difference, with odds comparison sites quickly and easily showing which bookies are offering the best prices. Unfortunately for bettors, bookmakers will often offer smaller odds in an attempt to hold the upper hand. This ultimately makes Arbitrage betting more difficult. Meanwhile, those who “arb” regularly risk being punished by bookies too.
Arbitrage Betting Offers and Promotions
The nature of this form of betting means that punters will not be offered any promotions specific to it. However, many punters will use the welcome bonuses offered by online bookies to fund their bets, as it often the case with matched betting. Bookies will look to avoid accepting customers who are to place arbitrage bets, however identifying such punters is difficult. Unlike, accumulator betting or live betting, Arbitrage betting promotions will not be found.
What are the Alternatives to Arbitrage Betting
Arbitrage betting is only likely to suit a certain type of punter. As a result, we feel that it is necessary to offer some appealing alternatives. Whether you are looking to bet on cricket from the Indian Premier League or soccer from Europe, the following are worth considering:
Live Bet – Live betting, also known as in-play betting, involves staking on sporting events that have already started. Odds will change depending on what is taking place on the field, court or track. For example, punters can bet on India to win a Test match, despite having lost early wickets in their second innings. Those who are able to place live bets at the right time could win significant returns.
System Bet – Here, punters must add at least three selection to their bet slip. Having done so, the system bet option will appear. Punters can then select the number of picks that must win in order for bets to be successful. For example, placing a 2/4 system bet means placing six bets in total. Total returns depend on the exact number of correct predictions. System bets differ from multiples in that winnings can be made even if all picks do not win.
Handicap Bet – Bookies will look to level the playing field by offering a handicap. The favorite is given a – handicap, while the outsider is given a + handicap. Those backing the favorite must overcome the handicap in order to win. For example, if you back Manchester United to beat Southampton with a -1.5 handicap, they must effectively win by two clear goals.
Arbitrage Betting in India – FAQs
In order to place an arbitrage bet, punters must first look into the different odds offered by bookies and exchanges surrounding the same sporting event. Then, bet on one outcome on one site, before staking on the opposite outcome somewhere else.
Arbitrage betting is more commonly associated with single bets. However, there are ways in which it can be used in multiples too. This is only recommended once punters have a good understanding of the concept however, as it can overcomplicate things.
Arbitrage bets are just single bets placed on different betting sites. As a result, they can be cashed out in most cases. However, this could effect your ability to guarantee a profit, so it is not recommended.
Absolutely! It does not matter where arbitrage bets are placed, be it on desktop or mobile. The odd and potential rewards will be the same.
Those who take the time to fully research potential Arbitrage betting markets should make a profit each time. However, even the smallest miscalculation can be costly.
Whether it be Arbitrage betting or another strategy, it is always important to gamble responsibly. This involves sticking to a set budget, never chasing losses and betting on sports you have a good knowledge of. Those who fail to follow these steps could potentially get themselves into difficulty. Leading online bookmakers today work alongside organizations in order to promote responsible gambling, who also offer support to punters where needed.
Bottom Line on Arbitrage Betting
When used correctly, Arbitrage betting is a strategy that can benefit punters by guaranteeing profits. Time must be taken to analyze potential markets, however the rewards will normally be worth it, even for those with smaller budgets. Arbitrage betting involves signing up with more than one bookmaker, before looking at the different prices offered. If this sounds like it is for you, then be sure to take a closer look at the sports markets offered by our top ranked betting sites.