How to Avoid Betting Scams From Bookies

As more of us branch out into the digital betting world, it is important to be aware about corrupt bookies sites whose intentions are to allure you into their trap with massively inflated odds and by putting all the hidden catches within the small print of their terms & conditions. There are a few ways to recognise betting scams from bookies however, seen below are some factors that you should consider before clicking any betting links or downloading any fishy betting apps.

Inflated Sign Up Offers

The way that the majority of these bookies draw in customers is through stupidly increased odds. If you are someone that sees this, maybe on a Facebook add, and it says ‘1000/1’ odds on really probable outcomes then this is a red flag. These sign up offers will be posted in bold writing to try and catch the eye of some customers. What the companies do not promote however is that the winnings of the bet are in ‘free bets’ and so this forces the customers hand to keep on betting with them. They could also be hidden fees in withdrawing any funds that you win, ensuring these bookies take quite a large sum of your money.

Only Use Licensed Betting Sites

This one should be a no-brainer, yet some people still are drawn in by huge odds to foreign- looking sites that are intended to steal your money. Before signing up to any bookies site online, you should first check to see if they are licensed and listed on the official UK Gambling Commission website. If they are not then you should immediately back away from them as they are likely to partake in betting scams. You should be able to trust all regulated sites that are listed on that website, however you should still do a bit of research as you can never be too safe online.

Ask Other Users

Now, a lot of bookies sites online that you see are all commissioned and approved to where you can feel safe to open an account with. It is still important that you consult with others online though, if you are signing up for certain bookies that no one else seems to have used, you could be exposed to betting scams. You should ask on betting forums and others online to see if they are familiar with the bookies you are interested in. If they give you negative feedback on it then you should probably stay away as to avoid betting scams.

Check Through The T&C’s

As it has already been referred to, the terms & conditions or T&C’s, can hide many different catches and variables within a bookies and most people will tend to just skip through.  Although the bookies are legally obliged to reveal these details, they either ensure they are in the smallest print possible or deep within the T&C’s where they are aware that hardly anyone will see it. These betting scams are getting smarter each year so again, make sure if you do read through them before putting major money into your account as they could freeze or block your account and steal your money.

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How to Control Your Emotions in Betting

For the average better, emotions can play a big part in their overall betting experience.  Often times, a punter will bet on their favorite football team without really thinking through if it is a good bet or not.  This is called betting with your heart not your head.  Since these bets are not arbitrage betting, they are exposed and will tend to lose money over the long haul. Sports gambling is supposed to be fun and betting within one’s means, If this is not the case however, the person should stop betting or at least take a significant break to avoid developing an unhealthy addiction. Remember betting is fun and great when you are careful and as with anything, enjoy it in healthy amounts.

Enjoy the Wins

There’s not really a better feeling than getting a big win from a small placed bet at the bookies. Be sure to cherish the moment for the night and maybe even buy your friends a pint to celebrate! It is vital that you enjoy the win in the moment as that is the purpose of betting and having your risk pay off is sure to feel amazing. A win on a weekend out can make someone’s whole week and give them a positive lift if they were feeling a bit down, with winning though it is important to not get carried away at the bookies…

Avoid Getting Carried Away

Following on from the previous point, a big win can sometimes be the beginning of an unhealthy addiction. It is important to distance yourself from betting or save and put your winnings away before dabbling in another bet. This is exactly what the bookies want, when someone gets their first win, the bookies want to keep promoting offers and exclusive bets to them as a means to pull them in as at the end of the day they are a business who is trying to make money.

Do not Chase a Loss

Just as winning can feel great, losing can make a person feel frustrated or angry, especially if the bet was close to coming in. The most important thing to do is to take a break and return when you are happy and feeling the fun coming back to you. The worst thing you can do is try and chase your losses. The majority of the time this will lead to you losing larger amounts of money and could even get a person into financial issues if taken too far. At BetSlayer, we encourage those who are sensible to bet responsibly and highly promote our sports arbitrage betting tips as within this process you should consistently win small amounts of money that add up over time.

Set a Budget

This is the most important and easiest method of controlling your emotions. If you are frustrated on a bet loss, yet you have already reached your budget cap for the day/week then instead of placing another bet, you have time to calm down and save your money. We at BetSlayer encourage casual punters to learn about arbitrage betting if they want to make consistent money off betting and also encourage those who are partial to going over a limit to budget themselves. Companies such as Sky Bet have introduced budget cap and cooling down period which is good for those who struggle to accept a losing bet.

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Why Arbitrage Betting Should be a Secondary Income

Within a stable paid job, you are aware of your salary and so can adjust your budgets and bills accordingly. Within arbitrage betting this is not the case, although the process is virtually risk-free if done correctly, you cannot guarantee the amount of money you are going to earn from it as it will fluctuate depending on the odds at the time. Read on below to find out more on why arbitrage and no-risk betting should be used as a secondary income.

No Determined Income

Although you are guaranteed some level of income from arbitrage betting, the amount can vary between the bare minimum and very good. As a secondary income, this is perfectly fine as on top of your normal salary, you will get a bonus as a sure-bet punter better no matter what. As a primary income however, you are banking on a consistent run of good odds and sports gambling arbitrage opportunities throughout the week in order to make a good enough amount of money to live on.

Betting Sites Can Close Accounts

Even if you are flying with your arbitrage betting, it is important to not get carried away and quit your job to pursue this process. Though many people have made careers off being professional sports arbitrage betters it is not something we at BetSlayer strongly encourage. Without notice, an online bookie can limit or suspend your account This is not ideal if arbitrage betting is your full-time job yet will only be a minor convenience if it is a secondary income to you.

Takes the Fun Out Of Betting

Most of us enjoy a friendly bet on the football or basketball from time to time as a secondary income, a win can even make your weekend and help get even more fun out of watching the sport you love. In order to make sports arbitrage betting a full-time income, you will need to constantly be surveying odds from the early morning till late at night on especially the weekends as this is when most sports arbitrage betters make the most money. Focusing purely on odds will take your mind away from what you are actually betting on and so this leaves you no time to really enjoy your sports betting experience.

More Time Consuming

As mentioned in the point prior, having arbitrage betting as a primary instead of a secondary income means that you have less time to enjoy what you are betting on as you have to primarily focus on the odds. This will also leave you less time in the week to socialise with friends and family as taking 3-4 hours away on the weekend could even be the difference of thousands of pounds on a good day. We advise that when you do take up arbitrage and no-risk betting, that you use it as a secondary income as this will probably be better for your life overall.

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Don’t Bet Pennies With Arbitrage Betting

When it comes to your average bet that you might do on a weekend, you may put 50p on a 14-15 fold accumulator as the odds are extremely high just for a bit of fun and to test your luck. However, this process simply does not work with sports gambling arbitrage and no-risk betting, read on below to find out why you should not bet pennies when arbitrage betting.

Red Flag

To get a perfect sure bet at the bookies, you would need to bet pennies versus rounding to the nearest pound. At the same time, the average punter does not bet pennies at the bookies. The average punter usually rounds to the nearest ten or five. So, if you bet £27.36 on one side of an arbitrage bet that pays out £53.76. This is a red flag to the bookies.  When both sides of the bet results in pennies. Nobody really cares about pennies in their bets. So, a punter who consistently bets pennies draws the bookies attention. The last thing a sports gambling arbitrager wants is attention from the bookies. 

How to Avoid this Red Flag

In order to make an effective amount of profit from arbitrage betting you should probably start with around £100. This is low enough so that the bookies may not notice and is a sufficient sum enough, as it leaves a big opportunity for making hundreds in the near future if the method of arbitrage betting is carried out correctly.

Arbitrage services, like BetSlayer.com, allow you to round your sure bets to the nearest pound or ten pounds. So, you know exactly how much to place at each bookie and you won’t bet any pennies. This will result in slightly different payouts depending on which side of the arbitrage bet that wins. This can actually make it fun and interesting. Now you have a rooting interest.

The Benefit of Rounding

Rounding your bets is an easy way to stay under the bookies radar.  Betting pennies is one of the first red flags.  The good sports gambling arbitrage service, like BetSlayer.com, allow you to set your own rounding rules.  Then, you can just go to the bookies and place your arbitrage bets. But, always check the odds before placing the bets.  We like a sure-bet where one outcome is slightly better than the other. So, when placing whole dollar arbitrage bets, you almost always have a small rooting interest.

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Why Do Betting Odds Change?

Betting odds are the most important factor in bookies, it is how they make their money. They sometimes will increase their odds to attract more people to a certain bet which in turn gives them more money, especially if this bet does not come in. The objectives for bookies is to draw as much money from people as possible, don’t be fooled by seemingly nice gestures from these companies as realistically they are only after one goal!

Read on below to see why you should always check the odds for all bookies that you go to.

Odds Will Change

This is perhaps the most important thing to remember about betting. Bookies will tend to change their odds depending on the situation, if a factor in a game like an injury or suspension is present before or during a game then odds will always change. When betting on the bookies, be sure that you are confident in your decision and know a lot about what you are betting on. For example, don’t bet on basketball if you have no idea about the teams, if you are knowledgeable about a sport then you will be more successful betting on this as you actually will know what you are doing.

Sometimes It is Too Good to Be True

When using a bookie you will always see certain deals and odds being pushed and promoted, the majority of the time these odds are put there to fill the pockets of the bookies and empty those of the punters. So if you see crazy odds on something, be sure you are aware of all of the conditions within that bet as the majority of the time there will be an extra variable or catch which will give you a lesser chance of winning.

Not All Odds Are Highlighted

It is also important to know that not all odds are promoted, all the odds that you see online are not the only ones. You will tend to find more valuable odds when you look deeper into the bookies, especially online where there are many hidden bets that you can place to make some decent money.

How Bookmakers Make Money

The goal of the bookmakers is to take wagers on both sides or all sides of a bet that guarantee them a profit.  While the bookmakers are in the gambling business, they themselves do not like it when they have to gamble on the outcome.  If Chelse is playing Liverpool, the bookmakers continually adjust odds to reflect betting trends.  If too many punters are betting on Chelsea, they will make Chelsea’s odds worse and Liverpools more attractive.  By continually updating odds, the bookmakers almost always guarantee themselves a profit. 

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The Importance of Watching Arbs Before Jumping In

Learning the process of sure betting (also known as arbitrage betting) is key when wanting to be successful with the bookies. If you lack the knowledge and begin to engage in sure betting, you will run the risk of losing money on your bets. It helps to have a passion for some sports as you will already have some knowledge of these sports and this will allow you to transition into arbitrage betting much easier.

Conduct a Test Run

If interested in arbitrage betting, you should sign up for a free service. Betslayer provides a useful 7 day free trial. You will gain access to some of the sure bets available. Use this free 7 day free trial to conduct test bets. This is where you use the sure bet information from BetSlayer and go to the bookmakers’ website to test arbitrage betting. You should fill out the betslip at all the bookies in the arb. But, don’t actually place the bet. After spending an hour a day over 2-3 days, you will get the hang of which bookies have the most accurate lines or how quickly you could place a sure bet.
If you find out that you are good at arbitrage betting then you should upgrade to a paid version to get access to all of the arbitrage betting opportunities. If you are not so good then it is no risk as you haven’t spent any money and you can spend more time honing your sure betting skills. To find out more about this process check out our blog at BetSlayer on ‘What is Arbitrage Betting?’.

Scope Out the Bookies

When engaging in arbitrage betting it is also important to scope out the best bookies which you can use to make money. Some Bookies are much more lenient than others with constant arbs so you should research which Bookies are right for you. You could perhaps test your limit with certain bookies to see where you can take sure betting to, if they try and cap you or block your account then you should not be using them regularly. Some bookies will also tend to be much more alert than others, this may, however, not be a negative as this shows that this bookie is established and professional so you won’t have to worry about any security problems.

Take Advantage of Sign up Offers

When you are first signing up to a bookies site you will almost always receive a signup offer which could either be increased odds or a bonus on your first deposit. Some bookmakers even will give you a £10 free bet given to you. This way you are not using your own money and so there is much less of a risk. Alongside the increased odds it gives you a great opportunity to partake in arbitrage betting, without having to put as much money in as you would normally. You should try and exploit as many sign up offers as you can. Taking advantage of sign up offers just helps increase your return fromsure betting . Plus, if you make a mistake or two, the sign up bonus provides a nice cushion.

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What is Hedge Betting

Hedge betting is a great betting strategy that enables you to get a profit whatever the end result of the event is. This guide will give you some more information on how to hedge your bets and strategies of hedging that can lock in profit.

What is Hedge Betting

Hedge betting is the betting technique which takes advantage of movement in odds, you place two bets on the same event. Many people that hedge bet use betting exchange markets as they let users lay bets. The term lay bets means that you’re betting on something not to happen in the event. You should back the higher odds and lay for the lower odds, this is where you start to make some profit.

This type of betting acts as a comfort blanket as there is no worry about losing money and your bet not coming in. It also is a betting technique that you can cut your losses. On the odd occasion you may place a bad bet or the odds don’t move the way that suits you. If you’re looking to get into betting, you need to be aware that you are going to lose sometimes, it’s part of the process. Although, you can reduce the loss by placing a lay bet close to the original odds, this will decrease the loss significantly.

So… How to Hedge Your Bets

Hedging is an extremely adaptable betting strategy. There are occasions when you have to hedge your bets quickly and sometimes it may be weeks possibly months before you need to start hedging. This depends on whether you are hedge betting in-play or over a long period of time e.g. World Cup.

The Difference Between Arbitrage Betting & Hedge Betting

The main difference between hedge betting and arbitrage betting is the way that each strategy is used. Arbitrage betting is where you place two alternative bets on different outcomes at the same time.  It is only used when there is a variance between odds being offered by different bookmakers creates a arbs betting opportunity. Whereas Hedge Betting, is where you places further bets on different results following the original bet that is placed. This kind of betting strategy is usually used following a change in odds.

An Example of Hedge Betting

Let’s say for example, you bet £50 on Sweden to win Euro 2020 at 40/1. If they got to the final of the tournament against Portugal you would be on the cupse of winning £2,000. Sweden would still be a massive outsider to win the tournament and Portugal would be expected to win.  If Portugal wins, this would leave you with a £50 loss.

	Stake	Odds	Profit	Losing stake	Net Profit
Sweden Win (original bet)	£50	40/1	£2,000	-£1.150	£850
Portugal Win (Hedge bet)	£1,150	4/5	£920	-£50	£870

Although, you could hedge your bets and back Portugal to win. If Portugal wins the game and the tournament, a £1,150 bet would give you a profit of £920 less your original £50 stake in Sweden leaves you with a net profit of £870 . If Sweden wins, your original £50 bet would give you a profit of £2,000 less your £1,150 Portugal hedge leaves you with a net profit of £850. It’s important to remember to bet on Portugal to lift the trophy and not to win in 90 minutes. A draw would wipe this bet out.

In the above example, you have lots of room to play around with your hedge.  If you want to win more money on Portugal, you can increase your Portugal hedge.  For example, you could bet £1,500 on Portugal to raise the cup which would result in a net profit of £1,150 (£1,200 (Portugal win) – £50 (Sweden stake)).  Or conversely, you could go for a big win for Sweden and do a small hedge on Portugal.  It’s really up to the punter.  But, the key to hedging is locking in a profit.

Overall Hedge Betting is an effective strategy and it has proven that you can win some serious money. One thing to always remember with this betting strategy is weighing up the risk and reward. You don’t want to be overly cautious and and implement hedging that reduces your profit.

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How Does Arbitrage Betting Software Work?

You may have used a few arbitrage betting software services, you may have questioned how these arbs betting software services get the information so fast. In this article, we’ll give you some information about how arbitrage software works.

Most arbs betting services scan information that bookmakers provide that is available for everyone on their website. They analyse the information then get a result from the final study. Therefore, the arbs betting service produces parsers. Parsers collect scripts of code that comprise necessary data and odds and is shown in program code. This code is then transferred into readable text. When the collection of data is completed, the software then compares the lines of different bookmakers data according to a specific formula.

It is important to note that there are some bookmakers on the market that share the program code for parsing. However, this isn’t shared for arbs betting software services, but to advertise their betting services. Arbitrage betting software services don’t miss out on the opportunity to take advantage of this data.

What are Bookmakers Thoughts About Arbs Scanning?

It makes sense that bookmakers do not like arbitrage scanning as it’s information that the arbs betting services are using without the bookies full consent. Furthermore, the bookies wouldn’t sell their information to anyone. Arbitrage betting software services are working for professional gamblers and bookmakers are trying their utmost to find and block parsers on their services. High-quality arbitrage scanners have secondary channels that they scan for the information, however, blockings do still happen on their backup channels.

Common Issues with Arbs Scanning

Data Scanning Can Take Time

Some arbs betting software services take time to restore odds slowly. There are a few reasons why this happens, some bookmakers make it difficult for scanners to gain the information they need. Therefore it takes a bit of time to work out the website structure. Often programmers try to improve the parsers and speed the scanning process up.

Issues with Integration

You may have noticed that some bookmakers name teams differently e.g. Barcelona and Barca. Therefore, the parsers should be aware that they’re in the same club. Arb services may automatically add different names into the arb, giving you the correct data.

Arbitrage betting scanners aren’t as easy as they seem, the production and maintenance of the service take time and financial investment. Here at Bet Slayer, we have a team of professional programmers and administrators ready to give you the best possible arbitrage betting software services. 

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How to do Arbitrage Betting Under the Radar

You may have been using BetSlayer’s arbs betting services for a while now and building a good profit. However, there may be a time where the bookmaker limits you and blocks you from using their services. There are some ways to go under the radar and limit the chances of the bookmakers banning you. Whether you are aware of bookies restrictions or a newcomer to the betting scene. Here are some ways that you can prevent limitations to your account.

Using the arbitrage betting technique there is profit to be made, therefore, the longer you go without being limited, the better.

Rounding your Stake Up or Down

Try not to bet with the exact numbers, this is a key thing to try and reduce the chances of immediate limitations. You should round your bet to the nearest number of five. For example, instead of betting £322 you should bet £320 or £325.

Small Initial Deposit

When signing up with the bookmaker, you shouldn’t deposit a large sum of money. The first sum that you deposit should only last a few days. This is key to trying to reduce attention to your account in the first few days that you sign up for the bookies. Once you have got through the first couple of days without your account being reviewed, you can then deposit more funds into the betting account.

Use Alternative Bookmakers

We recommend using multiple bookmakers when you are arbing, this will give you more arbing opportunities. This can also prove fruitful because you will look like you are unsuccessful because you will be spreading your bets across different bookies.

Deposit and Cash Out Less Regularly

You should try to reduce the amount of times that you cash out from your account, as it costs the bookmakers each time you do this due to bank processing fees. Therefore, bookmakers are less likely to ban your account if don’t cost them lots in terms of bank processing fees. Our advice is for you to reduce the amount of times you deposit and withdraw from your betting account. This will limit the chances of your account being reviewed and banned.

Be Smart with Promotions and Offers

You need to be clever when using the promotional offers that the bookies offer on occasions. It is important that you use them but don’t over use them, the promotions are almost like free money to pad your betting account out. If you don’t use some of these promotions, the bookies could flag you as a professional and could easily ban your account. On the other hand, only using promotions could see your account limited as bookies still want to make money.

Use Arbitrage Friendly Bookies

Betting Exchanges like BetFair never limit your account, whereas, other bookmakers have zero tolerance when it comes to arbers. However, it’s always good to use a mix of hard and soft bookmakers when arbitrage betting.

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What is Arbitrage Betting?

In simple terms arbitrage betting is the betting technique, where you place a wager on all eventual outcomes of an event that leads to a certain profit. The term ‘arbing’ derives from the stock market, traders would purchase an asset in one market while at the same time selling elsewhere from an increased price. Arbs betting is also known as sure betting, miracle betting or sure wins and is fundamentally a risk-free way of making money.

It may seem to good to be true, however, there are more occasions for sure wins than you may believe. The key thing about arbs betting is looking for inconsistencies in the odds given for a certain event. This enables you to wager on a particular result at an enhanced cost with a bookmaker or betting exchange, before betting against the opposite result at a favorable price on a different bookmaker or betting exchange. It’s crucial to understand that matched betting is different to arbs bets. Matched betting is looking at promotions and special offers to make a profit.

What is an Arb?

 An ‘’arb’’ is a phrase that describes an arbitrage bet. When you find favorable odds at two or more bookmakers for opposite sides of a bet, it’s known as an arb. It can be difficult to get your head around and very hard to find these scenarios.  But, arb companies, like BetSlayer, identify the arb opportunities for you.  Identifying these opportunities would take an individual hours upon hours to maybe find one arb opportunity.  But, a company like BetSlayer, has done all the heavy lifting.

Is Arbitrage Betting Legal?

Arbs betting is completely legal; however, the bookies don’t like people doing it. It loses them money and if you’re a consistent winner, it could see your betting account being banned. The online bookmakers industry is in the bookmaker’s industry. Matched betting and arbitrage betting are two of the ways we can turn the odds in our favour. Betting on too many of these arbs betting opportunities could result in the bookmakers closing or limiting your account.

How Much Money Can You Earn from Arbs Betting

If you’re looking for consistent and stable profits, arbing is for you. Although, if you’re looking to get rich quickly, arbitrage betting may not be the betting technique that gets you a quick profit. It isn’t common to find an arb betting opportunity which offers over 10% in profit. The perfect method for arbing is frequently placing smaller bets which gives you small profits (3%-10%). You should aim to set up betting accounts with as many bookmakers as possible, in arbs betting it is important to look at a range of bookmaker’s odds. People with a budget of £500 should make at least a few hundred to a thousand pounds in profit per month.

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