Sports Arbitrage Betting - $867 Cheque In The Post For a Few Minutes Work

Sports Arbitrage Betting - $867 Cheque In The Post For a Few Minutes Work

I was amazed when that first cheque landed on my door for $867.50. This really works!

The money was the revenue I received from a US based online bookmaker. It was a payout for a successful bet on the total goals scored in a football (soccer) game.

Strangely, this is a game I know nothing about. I didn't know the name of a single player on that field, let alone what was going to happen in the game.

Was this a fluke, or was something more clever going on?

I was confident I was going to win. Obviously my confidence didn't come from a deep knowledge of the sport, and not because of a tipster or a gut feeling.

I was confident because I had a bet on both ways. I bet on 3 or more goals with the US firm, and placed an insurance bet of 2 or less goals with a UK based bookmaker.

Whatever happened in that game, I was guaranteed to get a payout that was more than my total stake. A guaranteed profit of 250.

What I did: I made a "Sports Arbitrage Bet"

In this article I will show you the system of "Sports Arbitrage Betting" that landed that cheque on my doormat. The system is not a big secret, but if you have not heard of it before it might seem too good to be true.

The sports arbitrage betting system requires no sports knowledge and is based purely on the maths involved in the odds of different bet outcomes.

I will explain everything you need to know to take advantage of the phenomenon called 'Sure Bets' or 'Sports Arbitrage Betting' or 'Arb Betting' here in this article. Frankly, too few people are taking advantage of it.

Sports arbitrage betting is a great way to make some extra cash. Perhaps not a full time living. Although it is certainly an easy way to grab some extra money for holidays, new gadgets and meals out that you may not otherwise be able to afford. It's also quite a fun and exciting thing to do.

Sports arbitrage Betting lets you dip a toe into professional betting without having to put masses of effort into it. And it's also a way to get a lucrative return on your savings instead of the usual 3% interest per year or whatever the banks payout nowadays.

Although it is called "Sports Arbitrage" you can use the system on sporting and non sporting events. Actually I talk about an example of using the sports arbitrage system by betting on the Oscars.

Are there catches?

I've made some silly mistakes doing sports arbitrage betting and lost a few dollars and pounds on certain days. The only catch with this system is making the mistakes I did, so I will talk about how to avoid that happening.

Having said that the losses made from the mistakes were much less than the overall profit I made from this system.

What is Sports Arbitrage?

To explain Sports Arbitrage I will show you a simple example, based on betting not on sport but on the 2011 Oscars (you see the method works on any odds betting, not just on field sports).

If you had bet on "Will The Kings Speech Win Best Original Screenplay?" at the right time, you might have seen these odds:

Yes - 1.66 - Ladbrokes

No - 3.53 - Pinnacle Sports

If you are not familiar with decimal odds in this format e.g. 1.66 then the idea is quite straight forward. 1.66 means for every 1 bet you will be returned 1.66 if you win. So you make 0.66 profit for each 1 bet.

So in the Kings Speech example, a 10 bet at Ladbrokes on YES returns you 16.60 if you win, where as a 10 bet at Pinnacle Sports on NO returns you 35.30 if you win.

Now do the numbers 1.66 and 3.53 bring utter delight to your eyes?

Well only if you are human calculator.

However if you are a human with the right kind of calculator (a sports arbitrage calculator, or sports arbitrage spreadsheet) you would soon realise that 1.66 and 3.53 give you a sure bet opportunity to make a guaranteed profit of about 12% of your stake.

For example a 1000 bet done correctly yields a guaranteed profit of about 120. Now that is exciting!

Working through the 1000 example

Say you had bet 680 for the Kings Speech to Win at Ladbrokes, and bet the remaining 320 for the Kings Speech to Lose at Pinnacle Sports. Now hopefully you can see you will get a pay out from one of the bookies whatever happens at the Oscars in 2011.

What happens if the Kings Speech wins Best Original Screenplay?

Well you get 680 * 1.66 = 1128.80 returned to you from Ladbrokes. A nice profit of 128.80.

And if it doesn't win?

Well you go over to Pinnacle Sports to collect 320 * 3.53 = 1129.60. Again a nice profit of 129.60, approximately the same profit as the first outcome.

So whether the Kings Speech wins or not you get a profit of over 120 as a result of the payout from one of the two bookies.

Now I'm as much a philistine about celebrities and movies as I am ignorant about sport, but even I can make a profit from betting on the Oscars!

How can opportunities like this even exist?

There are hundreds of different bookmakers, who are all trying to set the odds for 1000s of sporting, political and entertainment events, and occasionally there will be a disagreement in the odds.

For example one bookmaker might be getting a lot of bets on the football team Arsenal to win this weekend's game, and so they lower the odds of Arsenal to win and increase the odds of Arsenal to lose. This helps balance things out for them by encouraging the average Joe to bet the other way.

This can in some cases create enough of a disagreement with another bookmaker that a profit making chance appears for the clever punters, like you and me.

Now on the smaller betting markets, like the Oscars where the bookies don't have the specialist knowledge to set the odds correctly. When this happens a gap can appear for an arb-better to swoop in and take the easy pickings.

There are many other reasons the sports arbitrage opportunities exist. You don't need to worry about WHY it happens, but you should think about HOW to know when an arb is available.

How Can I Take Advantage Of It?

Well you need two things:

Firstly - you need to know when an sports arbitrage opportunity occurs.

Secondly - you need to know how much to bet on each outcome of the event.

To find our more, visit Sports Arbitrage Tips for details, and specifically the Finding Arbs Page

Once you know when and how much to bet, you just go ahead and bet and collect the profit. It's that simple.

Anything else I need for Sports Arbitrage?

The two things mentioned before are all you need. However a useful thing I think you should have is an sports arbitrage calculator, to show you how you will make profit. This is good to be confident of your bet before you make it. Here is an online sports arbitrage calculator.

And also, to save time, it is worth create betting accounts at the major bookmakers in advance of betting. For a list of common bookmakers worth joining, check out our bookmaker list.

What are the catches?

As promised... Here are the catches:

If you don't place the bet quickly enough, other people might find the sports arbitrage opportunity and the bookies will catch on. The odds will change and the profit will no longer be guaranteed.

To avoid this make sure you have all your accounts and online logins ready. Make sure you have placed test bets in advance to test that the credit-card loading works on each site. You just need to bet a token amount, say 1 on something you fancy.

Credit Card Fees can eliminate some opportunities because you lose up to 5% of the winnings to a credit card fee. (Foreign exchange fees and rates can also have the same effect)

To avoid this use an sports arbitrage calculator that allows you to enter credit card fees and foreign exchange fees. If the fees kill the opportunity, you will know before you make the bet. Always use the types of credit card that incur the minimum fee, or use cheques or cash if this is available as an option.

You need capital to start out

Yes you need about 100 at least to get going on this and ideally 1000. The best way to get this money is to save for it by spending less or working overtime.

Don't Get Into Debt To Do Arbs

Please, please, don't borrow money to start sports arbitrage betting!

If you borrow, the interest rate will eat way too much into your profits, and it could end up costing you a fortune rather than making you money. And for obvious reasons I suggest you don't borrow money off friends and family.

Instead earn the money, then grow the pot using the system.

http://sportsarbitragetips.com

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