Sports betting has always been a popular form of entertainment for sports fans. However, traditional sports betting comes with risks and uncertainties. That’s where sports arbitrage betting comes into play. In this brief guide, we will explore the concept of sports arbitrage betting, and how it can be a profitable venture for both newbies and experienced bettors.
What is Sports Arbitrage Betting?
Sports arbitrage betting (arbing), is a unique strategy that allows gamblers to take advantage of different bookmakers. This method capitalizes on the variation in odds provided by different bookmakers, creating a scenario where the bettor cannot lose.
In order to find such opportunities, bettors often need to analyze dozens of betting lines so many of them prefer to use arbitrage betting software that takes over the entire process of searching and defining arbitrage situations.
Example of Arbitrage Situation
Let’s say there’s a basketball clash between Brooklyn Nets and Cleveland Cavaliers. Two different bookmakers offer the following odds for the game:
Bookmaker 1: Nets to win – 1.86, Cavaliers to win – 2.19
Bookmaker 2: Nets to win – 2.14, Cavaliers to win – 1.77
Here we can see a simple arbitrage situation with Cavaliers to win in Bookmaker 1 and Nets to win in Bookmaker 2, because the odds for both outcomes are higher then 2.0 on sports betting software. Suppose we’ll bet $100 on each of these outcomes and let’s see what will happen in different scenarios:
Cleveland Cavaliers win: 100*2.19 = 219 – 200 = $19 (it’s a net income);
Brooklyn Nets win: 100*2.14 = 214 – 200 = $14 (it’s a net income);
In this case, we get at least $14 of net income no matter the result of above-mentioned match. And what about placing 5-6 of such surebets a day and getting almost 100 guaranteed bucks? Sounds good? Yeap.
However, as we already told you earlier, it’s a very simple arb: it’s quite hard to find and calculate arbitrage situations in a real-life so many bettors use special sports arbitrage betting scanners.
Arbitrage Betting Scanner and its advantages
Let’s consider one of the most popular among US and Canadian arbers BetWasp scanner. This software currently collects odds from 41 bookmakers’ lines in more than 40 kinds of sports.
Then the service defines all existing arbitrage situations and shows their list to its customers. You can filter this list by all the necessary parameters, like bookmakers, kinds of sports, leagues, profit, etc to get the most suitable for you surebets.
Note that along with this list of surebets, customers of BetWasp get dozens of useful tools and features, such as surebet calculator for calculating bet amounts or hide menu for hiding unnecessary outcomes.
At bettors disposal will also be a valuebet tool, so he could work both with surebet and valuebet strategies at once. Find out more information about valuebet strategy here: https://www.betwasp.com/valuebet
Conclusion
Today we’ve considered one of the most popular strategies – Sports Arbitrage Betting, whose effectiveness has already proved by thousands of punters. Of course, it has many advantages but you can succeed with her only having previously studied all the necessary theory and nuances of using this system.
