| Is arbitrage sports betting for real? Yes, it is. But what | | | | Here are the basic steps in arbitrage sports betting: |
| is it? In the business world, arbitrage is the buying and | | | | |
| selling of the same commodity simultaneously in | | | | 1. Peruse various sites, looking for lines that offer you |
| different markets. The beauty of arbitrage is it offers | | | | an advantage. |
| an exceptionally fast turn around and profit with little to | | | | 2. An under-bet sport such as hockey often presents |
| no risk. This business practice, which has been utilized | | | | golden opportunities. The reason for this is that |
| by some sports bettors, guarantees the gambler a | | | | bookmakers tend to pay less attention and give less |
| profit no matter what. | | | | care to sports that make less money. |
| It works this way. Arbitrage sports betting involves | | | | 3. Also, you're likely to find arbitrage opportunities at |
| using two sportsbooks to place a wager on both sides | | | | larger sportsbooks that are offering a huge number of |
| of the same contest. In doing so, you're assured of | | | | betting opportunities. These sites are dealing with a lot |
| realizing a profit. In order to engage in this practice, | | | | of volume and will often slip up a bit on certain lines. |
| you'll need to do some careful research by scouring | | | | 4. Some sites specialize in specific sports while still |
| numerous sportsbooks. Checking the moneylines and | | | | offering wagering opportunities on others as a |
| point spreads, you're trying to find anomalies in the lines | | | | convenience for their customers. Often, they won't |
| that will allow you to place two bets, one on each | | | | pay much attention to the less profitable sports. |
| team, with the result being no matter what, you make | | | | 5. Another thing to look for is any change in a team's |
| a score. | | | | personnel during the week. If a big player goes down, |
| Here are two NHL moneylines for an | | | | that can cause a blip in the moneyline on some sites, |
| Edmonton-Detroit match up: | | | | while it stays stable at other sportsbooks. Exploit that |
| Sportsbook 1 Sportsbook 2 | | | | opportunity. |
| Edmonton Oilers +200 - 105 | | | | 6. Place your bets on each team and prepare to win. |
| Detroit Red Wings -240 +125 | | | | Arbitrage sports betting takes time and requires |
| These two lines offer the perfect opportunity for the | | | | vigilance. Sports that see a lot of betting traffic, such |
| arbitrage bettor. Put your money on the Oilers with | | | | as the NFL, the NBA and college football and |
| sportsbook one and on the Wings with sportsbook | | | | basketball, are less likely to offer arbitrage |
| two. You'll bet $100 on Edmonton (+200) and $100 on | | | | opportunities. Good places to look include regular |
| Detroit (+125). | | | | season major league baseball, the NHL, NASCAR and |
| If the first bet pays off, you'll net $200 on Edmonton | | | | the PGA. The hockey example used in this article was |
| while losing $100 on Detroit, making your final profit | | | | found in 15 minutes. |
| $100. If the Wings win, you'll pocket a $125 profit minus | | | | With this type of betting, you'll need to make your bets |
| the lost $100 wager on the Oilers for a final net of $25. | | | | when the opportunity presents itself just incase the |
| Of course, arbitrage wagering cuts down on your | | | | bookmaker makes adjustments to the line later, and |
| potential to turn a larger profit, which is possible when | | | | you must practice careful money management. You |
| betting on only one team and winning that wager. Still, | | | | won't make a killing with arbitrage sports betting, but |
| arbitrage sports betting offers a decent payoff. In our | | | | you'll hit all the time, turning a profit. There are several |
| example, it's 50% on Edmonton and about 12% on | | | | websites that will do this research for you, so that you'll |
| Detroit. | | | | only have to place the bets and count the money. |