What is Arbitrage Betting and how does it work?
What is Arbitrage Betting?
Arbitrage betting, also known as 'sure betting' and 'arbing,' is a powerful betting strategy that guarantees profit from bookmakers by placing bets on opposing outcomes of an event. You place bets on a team to both win and lose - but you win every time.
Example
So, imagine if you could on LeBron James to get over 5.5 rebounds while simultaneously betting on him to have under 5.5 rebounds. With arbitrage betting, you can. In this example, you'll stake $100, but no matter what happens, you're guaranteed to make $3.73. This might seem small, but remember: it's guaranteed, meaning you'll walk away with a profit every time.
Where Do Arbitrage Opportunities Come From?
Arbitrage opportunities are rare but attainable if you know where to look. They come about from bookmaker mistakes, odds shifts, or slow updates. While bookmakers obviously strive to eliminate these chances, savvy bettors who act quickly can capitalize on them. Speed is key to successful arbing.
Is Arbitrage Betting Actually Profitable?
Absolutely! Arbitrage betting is extremely profitable when done correctly and has minimal downside. Many arbers continue to profit for years by staying under the radar. A practical rule is to keep stake sizes under $200 for markets like money lines, totals, and handicaps. For player props and more niche markets, it's recommended you keep stakes under $100. Small, guaranteed wins over time can add up to being a very decent way of making money.
Is Arbitrage Betting Legal?
Yes, arbitrage betting is entirely legal. While it may be frowned upon by bookmakers, it is completely within your rights as a bettor.
How Can I Place Arbitrage Bets?
Finding arbitrage bets manually can be tedious and time-consuming, arguably taking away all the reasons you use this betting strategy. That's why using software like the WagerWise Arbitrage Tool is a no-brainer. This tool automatically identifies the right opportunities, allowing most members to cover their $39.95 monthly subscription within just 7 days, spending only 2-5 minutes a day. From there, you're running purely in profit. But, for those who prefer a hands-on approach, we do offer a free calculator to help you find these 'miracle bets' on your own.