Category Archives for Betslayer

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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Earn a profit every month virtually ​risk-free with our arbs betting tips. Sign up now for a 7-day free trial.

What to Look for in an Online Bookmakers for Sure Betting

Many people want to start getting into arbitrage betting but aren’t sure which online bookmakers to start an account with. You must choose wisely on which bookmakers to open a betting account as it’s the first steps to arbs betting success. In this blog post we’ll be going through the factors you should be looking at when deciding which online bookmakers to choose. For effective arbs betting you’ll need to open multiple accounts to make a profit.

Online Bookmaker Criteria

Here are some of the key factors you need to think about when starting sure betting:

  • Number of Arbs
  • Reliability
  • Handling of Arbers
  • Verification Procedure
  • Withdrawal/ Deposit Process

Number of Arbs

The number of arbs is an important criterion when choosing a bookmaker.   BetSlayer offers a free 7-day trial so you can see which bookmakers have a lot of arbs.  Then, you can determine which bookmakers work well for you.  The 7-day trial allows you to see a lot of arbs and test the accuracy of those arbs without committing any financial resources.  When you identify 5-10 bookmakers who have arbs on BetSlayer’s website, then you can think about making the plunge.

Reliability

The dependability of bookmakers is one of the most important factors when deciding on a bookie to open an account with. Ensuring that your money is safe when putting it into the account. There are bookmakers out there who delay withdrawing your money and look for any small reason, not to pay-out. You should be avoiding this kind of bookmakers; however, the question is, how do you find a reliable one? The first thing you should do is evaluate online bookmakers’ ratings and customer reviews online. This will build a picture of what others think about the bookies and will guide you in the correct direction.

Another source of information you can look at are betting forums and communities online with a variety of opinions on what they think of popular bookmakers. This will help you get information about the reliability and answer some of your questions.

Handling of Arbers

Many bookmakers are struggling with arbing and the methods they’re using are quite complicated. Some bookies are loyal to arbers and some tolerate arbitrage bettors. It’s fair that these bookies often attract professional gamblers who don’t want to have their account limited to a few of bets.  Betting exchanges are generally good for arbitrage betting.  Betting exchanges get paid on whoever wins the bet.  Betting exchanges are matching up two punters for each side of the bet.  So, if you place an arbitrage bet on a betting exchange, you are going against another punter not against the bookmaker.  The betting exchange just takes a small cut of the win.

Verification Procedure

Before setting up your account with the bookies, you should have a read about the verification time and process. The verification process is different between each bookmaker, some bookies may ask for some documentation after the first request for withdrawal of funds. While some ask for verification after you first register.

Withdrawal / Deposit Methods

It’s often difficult to analyse verification processes until you go through it yourself, whereas payment methods are often available to read on the bookmaker’s website. They often have a variety of payment methods you can use including popular methods such as PayPal, Neteller and Skrill.

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Earn a profit every month virtually ​risk-free with our arbs betting tips. Sign up now for a 7-day free trial.

What is Sure Betting?

As the name suggests, a sure bet is a type of bet that maximises your chance of winning, while reducing the chances of you losing. Sure betting may seem too good to be true, however, we can confirm that sure betting is a real-life betting type. This type of betting is also known as arbitrage betting.  Arbitrage betting allows punters to most likely make a profit, or at least make sure they don’t register a loss. The sure betting market has become popular over the last few years with more people getting into arbitrage betting. Going on statistics, sure bets frequently lead to profits more often than a loss. You may think that the whole idea of sure betting is improbable, however, there is a mathematical sequence behind the sure betting sensation. In this blog post, we’ll be going into more detail about sure bets and how punters make this type of betting work for them.

Types of Sure Bets

Sure betting a bet by Arbers (people who place sure bets) If the conditions of the bet are right, sure bets can be very profitable if they are pulled off. The main idea behind arbitrage betting is the fact that betting companies often differ in their calculation of the odds of certain events.  An arbitrage betting company picks up on these mistakes and shares that information with their followers or subscribers. 

Sure betting is not for the apprehensive, it is a fast-paced process that needs time, research and a whole lot of discipline. The bets are mathematically calculated and can be placed on every possible outcome of the event, this is often placed with numerous bookies and is designed to produce a profit. However, a lot of arbitrage bets usual lead to a low-profit margin (around 3%-10%). The perfect way to find a sure bet is when different bookies offer varied odds for the same event.

One thing that has seen an increase in the number of people that use sure betting is the influx in websites that automatically track odds from the bookies. This has reduced the number of time punters take looking through the latest odds. The most effective arb betting experts use a mix of pre-match bets and live bets to make their profit. Live betting can be difficult as odds can change throughout the event depending on situations that occur. There is also types of arb betting that include splitting bets between bookies.

  • 2-way sure bet – this is when punters split their bets between two different bookmakers, this is the uncomplicated way to bet.
  • 3-way sure bet – this is a more complex bet, as punters distribute their bet between three bookies. This type of sure bet usually occurs in a football or hockey match where ties are prevalent.

Are There Any Potential Risks in Sure Betting?

There are some things to bear in mind when starting arbitrage betting, it isn’t always smooth sailing as it seems.

  • Once some betting activity occurs on the arbitrage bets, the bookmakers can change the odds that eliminate the arbitrage.  Almost double check your sure bets before placing all sides at the various bookies.  
  • As bookies often get more traffic coming to the website due to available bets, hackers often get into the website as they know punters will be putting security details like bank card into the website. Ensure that you’re betting with a reputable bookmaker.
  • With the fast-paced process of arb betting and the mass of information you’re given, calculations can often be incorrect. This can prove to harm your profit margin.

In Summary, sure bets or sports arbitrage bets are when a punter makes multiple bets on the same event to guarantee a profit no matter the result of the match. Want to get started with arbitrage betting? Start now by signing up to our subscription plan to get all of the latest sure betting tips.

What is Dutching?

Dutching is a betting technique which involves you backing several teams or players, so no matter what selection wins, the betting returns are still the same. This betting method is used to divide the stake over several selections in an event so the same profit is gained irrespective of the selection that wins the event. This is an effective method if there are multiple selections you wish to back and you have a set amount of money you wish to stake. Before the revelation of betting exchange, dutching was used as a way of betting against a specific selection by betting on everything else.

Is Arbitrage Dutching Effective?

When a bookmaker is kind on odds for a certain event compared to other bookies, this is an arbitrage opportunity. In this occurrence, you can bet on all outcomes and it will give you a profit. Below is an example of dutch betting on a golf match play event.

The odds of player 1 winning are 2.15 – therefore, for every £10 we bet, the return is £21.50 if they win.

The odds of player 2 winnings are 2.0 – for every £10 we place on the bet; you would get £20 back if you win.

This results in us breaking even if play 2 wins, however, we win 1.50 profit if player 1 wins.

Pros & Cons of Dutching

Dutching is a great way to bet because it enables you to manage the risk you’re taking. Whatever the outcome of the event, you have a great chance of either winning your money back or making a profit. You can participate in betting without having the underlying fear that you’re about to lose a large sum of money.

Dutch betting can be a complex process. This style of betting requires you to have a good knowledge of numbers, if you aren’t great at mathematics you should be careful when getting into dutching. Services such as cash out options and hedge betting are better options for punters that want to avoid getting into the difficulties of dutching.

To ensure you’re making a profit from dutch betting, you’re likely to find better odds-on betting exchange rather than bookmakers, where the bookies profit margin is integrated into the possible results of the event. On betting exchanges, the bookmakers don’t include any profit margin, as you’re betting against other punters.

The Summary

Dutching isn’t going to make you large profits straight away. You most definitely need patience when taking part in dutch betting as you need to wait for the right bet to come along and accepting small winnings on the way. Although, if you’re patient dutching can deliver a profit for many people.

BetSlayer does not offer dutch betting.  BetSlayer offers sure bets? Sure bets or sports arbitrage bets are when a punter makes multiple bets on the same event to guarantee a profit no matter the result of the match. Want to get started with Arbitrage Betting? Start now by signing up to our subscription plan to get all of the latest sure betting tips.

Cartoon Image of Man Celebrating After Being Awarded with Money He's Won

The Benefits of Sports Betting

Sports betting is one of the most fast-growing and exciting ways to enjoy sporting events. Betting on sports events has been happening for hundreds of years, maybe longer in some ancient groups. In recent years, sports betting has seen a massive increase in popularity mainly due to the internet. This is attractive for many as this means that people can bet on the go without having to go into a bookmaker’s shop. The convenience factor should mean that sports betting could see continued growth in the coming years. Sports betting is offered in almost every sport to ever exist including football, boxing & basketball. With sports betting you can go further than just betting on who will win the event, you can bet on what minute the first goal will go in or what round the boxing match will end. Sports betting is being developed continuously, with request a bet seeing a rise in popularity. This where popular bets that the public has asked for are now on the market. In this blog post, we will talk you through the advantages of getting into sports betting.

Increased Entertainment

Many people get into sports betting because of the entertainment factor. Viewing live sports is always exciting, however, if you’re betting on the sporting event as well it can make it more thrilling. If you’re watching games that you aren’t interested in, sports betting is a perfect way to get you absorbed in who wins the game.

Affordable Fun

Some people may call you crazy for putting bets on sporting events, people will say this whether you’re spending £5 or £500. They aren’t giving sports betting the respect it deserves, it brings excitement to many people’s lives. Look from the viewpoint that betting on sports events is like you’re paying for entertainment; it is an affordable form of entertainment. However, there should always be limits to your betting habits. You should only put money on that you can afford on a bet.

If you think you have a gambling problem or know someone with a gambling problem, please click here.

Possibility of Making a Profit

Possibly the best part of about betting on sports events is that you can make money. Irrespective of the size of the bet you have placed, the feeling of winning money off your bet doesn’t only give you a good feeling, it can help pad your wallet out. If you’re great at predicting the outcome of sports events, sports betting could be for you.

 Learning New Sports

Watching sports events is always better when you understand the game. It may take a couple of times of watching a sport to understand how it works. This means watching a new sport could prove boring and confusing, however, if you put a bet on the game it forces you to watch the sport and turn boring learning into exciting learning.

Simple to Get Started

Some sports take a while to get into and require expensive equipment to get started. Sports betting is the opposite, simply sign up to a betting app on your phone and start betting. You can simply put a limit of £5 on to get you started. With the growth of online bookies, you can bet on the go without having to go into bookmakers. It is most definitely one of the easiest hobbies to start!

In Conclusion

There are many positives in starting sports betting, however you need to bet the amount you feel comfortable losing. It’s very easy to lose control when betting and can be dangerous for your health and financial wellbeing. Focusing on the positives though, betting on sporting events can be a great way to enjoy sports!

BetSlayer does not offer sports betting.  BetSlayer offers sure bets? Sure bets or sports arbitrage bets are when a punter makes multiple bets on the same event to guarantee a profit no matter the result of the match. Want to get started with arbitrage betting? Start now by signing up to our subscription plan to get all of the latest sure betting tips.

Arbing/Sure Bets – The Do’s and Don’ts

At BetSlayer, we get asked a lot of different questions around the sure bets or arbs.  These handy do’s and don’ts apply to not only BetSlayer but to our more expensive competitors.

1. Don’t Place a Bet without Checking the Odds First!

Before placing any bet, Always, ALWAYS! check your odds at the bookies versus the odds on the arb website.  Every arb provider has false positives.  This will happen when the bookies update their odds before the arb website.

2. Do Watch Before Jumping In

A common mistake is to start arbing right away.  We know that you’re excited to get in on the sure bet opportunity.  However, it is a good idea to watch the sure bets.  Go to the bookies websites and make “fake” bets first.  By waiting you can start tracking which bookies work best for you; later you can take advantage of funding bonuses and then start arbing. 

BetSlayer has a 7-day free trial.  This helps customers get acclimatised to the bookies and exchanges that they want to use.

3. Do Try and Round Your Bets to the Nearest 5 or 10

Some of the bookies do not look to fondly on arbers.  So, you want to keep a low profile.  Start with smaller bets under £100 and try to round your bets to the nearest 5 or 10.  Also…

4. Don’t Bet Pennies

Make sure you round your bet to the nearest pound.  While you may not perfectly maximize the arb opportunity, betting pences is an arbing red flag for the bookies.

5. Do Give Some Back to the Bookies

If you are consistently winning at the same bookie, it is important to throw in a loss or two for smaller amounts of money.  While this may eat into some of your profits it will help reduce the risk of getting limited by the bookies.  A 4 team+ parlay is a good option for giving some quid back.  For every £100 of winnings, try a £10 parlay.

6. Don’t Move Money In and Out of the Bookies

It’s exciting to win money from the bookies.  However, it is important to keep the winnings held at the bookies for a decent amount of time.  Try to hold off on making too many withdrawals, aiming for one withdrawal every 3 months.  If you are moving money in and out of bookies it is a red flag.  You want to look like a punter not an arber.

7. Do Get a VPN

Some bookies limit the punter by geo-location.  To help increase your chances of placing sure bets, you should use a VPN.  There are a number of free and inexpensive VPN providers.  A VPN will give you the ability to switch from the U.K. to Hong Kong to Australia and even the United States.  We’ve experienced high success with ExpressVPN; here is a sign-up special offer and 30-day money-back guarantee.

8. Don’t Quit Your Day Job

Arbing is a nice way to increase your overall income.  You can spend relatively small amount of time placing your sure bets.  You should however view this as extra income not your primary income.  Extra income from arbitrage betting can help you to catch up on credit card bills, buy extra Christmas or birthday presents, pay for a holiday or build up a rainy-day fund.  If you quit your day job, you will run the risk of being limited by the bookies with no warning and then you will have no income at all.  You should be very wary of any arbitage website that touts huge returns.

9. Do Watch the Time

The closer it gets to match-time.  The more likely the lines will move.  This will cause discrepancies between odds presented in the sure bets feed versus the odds at the bookie.  Most likely, the sure bet will not be there as odds are moving quickly.  This also brings us back to our first recommendation – Don’t place a bet without checking the odds first!

10. Don’t Get Frustrated

There are a number of factors that can affect an arbitage bet.  Fast moving odds, odds presented on your surebets site but not on the bookies website, arb % return not to your liking, etc.  Some days the presented sure bets on BetSlayer are great.  Some days the odds move or the odds are not on the bookies website and there can be some false positives.  Ensure that you don’t get frustrated.  BetSlayer presents the top odds by bookie for each match.  So if the first bookie didn’t work, see if the next bookie on the list will work.  Alternatively, if there is an over/under bet repeating that didn’t work for a certain match, feel free to skip other over/under for the same match. 

The goal is to make some money each day.  BetSlayer presents a lot of good, new sure bets every day.  You will quickly gain experience to help identify good arbs quickly.  The longer you put in the work the easier and more profitable sure betting will become.

Image of monitor with text saying Palpable Error

Do Bookmakers Make Mistakes? – Beware of the Palpable Error

First, a quick review of arbitrage betting or sure bets.  Arbitrage betting occurs when 2 or more bookies differ on the odds of an event.  The difference is big enough where you can place a bet on all outcomes of the event and make a small profit.  BetSlayer’s website identifies the games, the bookies and does the math to determine if there is a betting arbitrage opportunity.

Wow!  arbitrage betting sounds great.  It is pretty cool.  But, there are some pitfalls.  Today, we will be discussing one of those pitfalls.  Palpable Error or Obvious Error.  A Palpable error occurs when a bookmaker has flipped the odds on a certain event.  For example, the favorite is listed as an underdog or the favorites or underdogs odds are grossly understated.

Not to make anyone angry, but let’s take an upcoming match Chelsea v. Aston Villa.  Barring something crazy happening, we can expect Chelsea to be favored.  Let say the odds to win (draw no bet) at most bookmakers look like this:

Aston Villa 4.0 (+300 for the Americans)

Chelsea 1.22 (-450 for the Americans)

In this situation, put up £100 on Aston Villa and return £400 (£300 profit) or put up £450 on Chelsea to return £550 (£100 profit).  These odds make sense for these two teams and the expected outcome of the game.  But, occasionally, the bookmakers flip the odds by mistake.  Let’s say William Hill, a well known and reputable bookmaker, flips the odds to:

Aston Villa 1.22

Chelsea 4.0

But, LadBroker’s has the odds the correct way at:

Aston Villa 4.0

Chelsea 1.22

Between these two bookmakers, a huge betting arbitrage opportunity exists.  If you put £100 on Chelsea at William Hill and you put £100 on Aston Villa at LadBrokers, then you have £200 at risk, but your payout is guaranteed at £400 (assuming the match isn’t a draw).  The £200 guaranteed win computes to a 100% return on your bet without any risk.  Nowhere in the world is there a 100% return without any risk.  Certainly, not in any betting arbitrage scenario.

So, what happens?  Most likely, William Hill will recognize this error.  They will call it a palpable error and void the bet. 

Uh oh, I already placed the other side of my arbitrage bet at LadBrokers.  What do I do now?   William Hill’s timing to reverse the bet is the key.  There are three scenarios:

  1. William Hill voids the bet before the match starts – This gives you an opportunity to hedge your Aston Villa bet.  Since the match did not start yet, you can look for the best odds at another bookmaker to hedge on Chelsea.  Let’s say you can find Chelsea 1.28 at Paddy Power and put up £312 that returns £399 for a profit of £87.  If Chelsea wins, you have minimized your loss from £100 (original bet on Aston Villa) down to £13 (£87 win on Chelsea – £100 loss on Aston Villa).  If Aston Villa wins the match, you will lose £12 (£300 win on Aston Villa – £312 loss on Chelsea).  If the match is a draw, then no harm no foul as both bets return to you.  Below is visual presentation of this hedge scenario:

2. William Hill voids the bet during the match – This is a little trickier.  Many bookmakers have in-game wagering.  During the match, you will be offered a moving line as the bookmakers continually adjust the odds based on game action.  You can find a line to hedge your loss as discussed above.  Or there may be an opportunity to execute a profitable arbitrage. 

In the arbitrage scenario, let’s say Aston Villa scores 25 minutes into the match.  After the goal, the odds that Aston Villa wins and Chelsea loses changes.  So, the in-game wagering could look like Chelsea 1.4 (instead of the pre-game odds of Chelsea 1.22).  Now, you have an arbitrage opportunity. 

You could place an in-game bet on Chelsea of £287 to return £401 (a profit of £114).  So, if Chelsea comes back to win the match, you win £114 on the in-game Chelsea wager and lose £100 on the originally Aston Villa wager.  This nets you a profit of £14.  On the other hand, if Aston Villa holds on and wins the game, you will receive £400 (£300 profit).  The £300 profit on Aston Villa less the £287 in-game wager on Chelsea nets you a profit of £13. You now have a good arbitrage bet in place where you win no matter which team wins the match.

3. William Hill voids the bet after the match – Here you are SOL.  Can this happen after the match is over?  Sure, most bookmakers include the ability to void a bet especially in the case of a palpable error.

So, what does this all mean?  It means be aware of the really good-looking betting arbitrage returns.  Anything 10% or greater is at great risk to be called a palpable error.  When your arbitrage return is under 10%, the chance that a bookmaker will call a palpable error declines dramatically.  BetSlayer’s website clearly identifies the percentage return to help you navigate your way through this potential pitfall.

As always, comments and questions are encouraged.  Happy Arbing!

Since you made it this far, please feel free to sign up for the free, no credit card required 7 day free trial.  When you are ready to get access to all of BetSlayer’s system, use code GO19 to get £30 of your first month (£49 per month thereafter).

What is Arbing? Image

What is Arbing?

What is Arbing Betting?

Arbing is a form of betting where you can bet on all outcomes of an event and still make a profit. You do this by simultaneously betting on all outcomes on different bookies that guarantee profit, whatever the result of the sports event.

Arbing has been around since bookmakers began but the rise of online bookmakers & the competition between them has led to an increase in the amount of arbing opportunities that have arisen.

This type of betting is also known as arbing betting, arbitrage betting, arb betting, surebetting, surewins, miraclebets, sure bets or just arbs. An Arb is when the opportunity for profit regardless of outcomes arises, people who do this type of betting are called arbers. Unlike normal sports bettors, arbers normally have no interest in the sport they are betting on, they are just interested in the opportunity for profit.

Arbing Betting or Sports Arbitrage Betting to give it it’s full name, is popular throughout europe with many people using it to make a side income online and beat the bookies. In this article we will go over exactly what arbing is, examples of arb bets & answers to the most commonly asked questions about arbitrage betting.

Arbing opportunities arise when there is uncertainty surrounds the outcome of an event. Basically where bookmakers disagree on the probability of an outcome, arbitrage opportunities arise.

What is arbitrage betting?

Arbitrage Betting takes advantage of the high competition in odds between online bookmakers. When bookmakers odds vary enough we can bet on all outcomes of the event and win a profit of around 2-10% no matter what.

This may seem like a small return of £2-10 at first (given a £100 stake) but over time this can lead to great profits, especially as on some events you can bet upwards of a £300 total stake on a single arb which means £15-30 per trade!

Arbitrage is similar to matched betting but instead of using free bets to get a risk-free profit it uses the natural variation in odds instead.

Arbitrage betting has been dubbed as “the only way to make constant profit” in sports betting and there are tens of thousands of people who regularly arb because it is typically a far better way to invest money than a bank.

How does arbing work?

For Example you bet on a football match.

Swansea v Wolves

The odds for the game to have total goals of over 2.5 has odds of 2.6

The odds for the game to have total goals of under 2.5 has odds of 1.75

We place a total stake of £100 and have covered all outcomes.

We make £4 profit if Outcome A happens & £5 profit if outcome B happens.

Outcome A

£40 - stake

Marathon

2.6 x 40 = £104 (+£4)

Outcome B

£60 - stake

188Bet

1.75 x 60 = £105 (+£5)

To break down what is shown above:

If there are over 2.5 goals in the match, your return will be a total of £104 (2.6 x £40=£104) = £4 profit

If there are under 2.5 goals in the match, your return will be a total of £105 (1.75 x £60=£105) = £5 profit

Remember we’ve only place a total of £100 so anything over this figure is profit.

What do bookies think of arbing?

Arbing is completely legal but bookmakers don’t like it too much because they think it costs them money. Arbers don’t actually know which outcome will happen so if the bookies lose it’s just bad luck but many people believe if you just bet on “best odds” every time then the bookies will take notice. Arbitrage bettors accounts normally last less than a year but in that time they can make some big profits. When a bookie stops you receiving promotions it’s called being gubbed. When a bookie limits how much you can place on an event, it’s called being limited.

How much money can I make?

It depends on your arb betting bankroll. Many people can make £500 or more every month, but it also depends on how much time you have available.

What does arbing software do?

Arbing betting opportunities normally only last an average of 15 minutes so you have to be quick. Arbing software like Betslayer updates the odds of an arb in real time and navigates you to the correct event on the bookmaker making the arbing process much quicker and easier. They also have tools to track your arbing profits.

Arbing mistakes to avoid?

It’s important you always double check the arb market you are betting on. It’s also important you open both windows side by side to ensure you can lock in the bets without delay. It’s also important that you practise small stakes trading when starting arbitrage betting because in that way you learn quickly and then when the stakes are higher you are less likely to make arbing mistakes. Also It’s important you have a back up plan. Always place the higher number stake first because that means you will never run into a situation where one side of the arb is locked in but on the other side the bookies only allows a lower figure. Another thing to note is that if one side of the arb bet is locked in but the other you can’t place you should use a tool like betslayer or oddschecker to find similar odds so you can use another bookie to make profit from, or you can cash out your bet in some cases or use the betting exchange to place the other side of the arb. It’s best not to bet on arbs with an ROI of 20%+ because it could be a palpable error which means the bookmakers odds are an error and your bet may get cancelled.

What do betting exchanges think of arbing?

Exchanges think favourably towards arbers because they make money on commission rather than profit when you lose like online bookmakers. They like the high amounts arb bettors place through the exchange and how they act as market makers, quickly correcting over generous bets. There are opportunities for back lay arbing using low commission exchanges like smarkets. These are normally called horse racing arbing.

What is the role of Ewallets in Arbing?

Ewallets like Skrill, Neteller or PayPal are an important part of arbing betting because they allow you to withdraw your funds in 12 hours rather than 3-5 days, this allows you to keep your money working and reinvesting it in arbs to make profits.