What is Arbitrage Sports Betting?
If you have never heard of arbitrage sports betting than you are missing out. It is actually an unknown sports betting technique designed to make a profit regardless of the outcome of the sporting event. Many professional bettors know this technique and they often use it because they take advantage of the fact that different bookmakers set very different odds based on the betting patterns of their customer base. Those customers can be very different in their thinking and betting, creating opportunities for keen bettors.
Although arbitrage sports betting can guarantee a certain profit in theory, there are still some factors that can prevent you from applying arbitrage sports betting techniques to certain events. These factors can also pose certain risks to your arbitrage sports betting experience.
The risk factors for arbitrage sports betting are discussed below.
Many expert bettors agree that the betting limits that bookmakers usually place can influence your arbitrage sports betting strategy. It may even prevent you from placing full bets when arbitrating, so before you find the event you want to bet on, be sure to check that none of the online sportsbooks you have listed on arbitrage have small betting limits.
Also, it is important to note and understand that all exchange betting prices are subject to some kind of betting limit. So before you consider your arbitrage sports bet, check the available liquidity at the second and third prices, not just at the best prices. You can’t escape the fact that there are instances in arbitrage sports betting that all of your best-priced money floats up.
Most sports books or bookmakers offer different prices for each sporting event. So before placing your bet in arbitrage sports betting, do your due diligence on the prices your bookmaker is offering and make sure they are still available. The main point here is not to rely on the bookies holding their initial quote. In addition, prices on exchanges can change very quickly, which is why it is important to remember that when considering arbitrage sports betting, you place the exchange bet first during the last price.
In the age of internet books, where sportsbooks and bookmakers are everywhere, finding a reputable arbitrage sports betting service can be a challenging process. As you know, there is now a long list of betting sites that have robbed gamblers of their legitimate winnings. These sites are often blacklisted by sports bookkeeping sites, but you have to protect yourself—this is a business. Given those facts, it is very important for every bettor to ensure that the site they are betting on pays out and does so within a reasonable time. If possible, one should read a lot of reviews first before deciding on a particular betting site. Check betting forums, ask questions, send emails to measure response times, etc.
Arbitrage Sports Betting Policy
More often than not, bookmakers maintain different policies and rules for setting bets on arbitrage sports betting with irregular results. This will of course affect the level of arbitrage bets you place. If this is the case, then it is best to check the rules the bookmakers maintain before you place a bet with them. Some books know about arbitrage betting and won’t allow you to place those bets if they see a pattern. Books are in the business of making money – any unwanted betting situation that negatively affects book profits can be rejected. This is where having multiple books really benefits arbitrage bettors. It is almost undetectable to bet on both sides of the game on different books with different holdings.
Michael writes articles discussing current sports trends, as well as how-to guides for different types of gambling. These articles and guides provide sports and betting fans with information to use to bet on the outcomes of different types of games. He provides informative articles covering sports betting, poker, and even gambling in entertainment like American Idol and political campaigns, among other topics.