Arbitrage betting, also known as sure bets, is a betting strategy that involves placing two or more bets on different outcomes of the same event with different bookmakers or betting exchanges. The aim is to guarantee a profit regardless of the gg bet odds outcome of the event.
How does arbitrage betting work?
Arbitrage betting works by taking advantage of the differences in odds offered by different bookmakers or betting exchanges. When there is a difference in the odds, it creates an opportunity for arbitrage betting.
For example, consider a football match between team A and team B. Bookmaker A offers odds of 1.8 for team A winning, while bookmaker B offers odds of 2.2 for team B winning. By placing a £100 bet on team A with bookmaker A and a £82 bet on team B with bookmaker B, you are guaranteed a profit of £18 regardless of the outcome of the match.
Pros and cons of arbitrage betting
- Guaranteed profit: The main advantage of arbitrage betting is that it guarantees a profit regardless of the outcome of the event.
- No risk: Because arbitrage betting involves placing bets on different outcomes with different bookmakers or betting exchanges, there is no risk of losing money.
- Easy to do: Arbitrage betting is relatively easy to do as long as you have access to different bookmakers or betting exchanges.
- Low profits: The profits from arbitrage betting are usually low, so you need to place large bets to make significant profits. This can be risky, especially if you are not experienced in betting.
- Short opportunities: Arbitrage opportunities are usually short-lived, so it can be challenging to find and take advantage of them.
- Limited availability: Not all bookmakers or betting exchanges allow arbitrage betting, so it can be difficult to find suitable opportunities.
Is arbitrage betting legal?
Arbitrage betting is legal in most countries, although some bookmakers or betting exchanges may have specific rules against it. It is essential to read the terms and conditions of any bookmaker or betting exchange before placing bets.
Arbitrage betting can be a viable betting strategy for some people, but it is not suitable for everyone. The strategy requires a significant initial investment, and the profits are usually low. In addition, you need to have access to different bookmakers or betting exchanges, and the opportunities are usually short-lived. Nonetheless, if you are experienced in betting and have the required initial investment, arbitrage betting can be a profitable strategy.