What is Arbitrage Betting and How Does it Work?

Question

Can you explain how arbitrage betting works and how it can be a low-risk betting strategy?

Answer 1

Arbitrage betting involves placing bets on all possible outcomes of an event at different sportsbooks that offer differing odds, ensuring a guaranteed profit regardless of the outcome. For example, if one sportsbook offers odds of 2.10 for Team A to win and another offers odds of 2.10 for Team B to win, you can bet on both teams at these odds. No matter which team wins, you will make a small profit. This strategy is low-risk and can be facilitated by software tools that identify these opportunities.

Comments

The video is really interesting! Congrats. My 2 cents as a very beginner bettor: for strategy 2 you just get money if both odds (A and against A) are greater than 2. Is it really possible to find such a situation? Doing some maths, it seems to me quite unfeasible unless it's an unusual situation such an error in some books or whatever