How to makes some quick scratch by easily identifying an arbitrage opportunity.
As many of you know, sports gambling arbitrage can be a risk-free proposition to make a some scratch. Will you be able to stop working and do this for a living? Probably not. But, sure bets are a fun way to beat the bookies at their own game. As a reminder, arbing or sure bets are when the odds for a particular event are different enough at two different bookies that you can place a wager on each side of the bet and make a small profit regardless of the outcome. Two of the better companies at identify arbing opportunities are
In the below post, we walk through how you can identify your own arbs quickly and somewhat under the radar. If you’d rather watch a video on how it’s done check it out below:
Most bookies offer promotions. These promotions vary. They could boost your parlay odds, offer parlay insurance, odds boosts and single game percentage increases. To arb yourself, you will occasionally see single game odds boosts. Draftkings is great at offering these boosts. Lately, with college basketball heating up, we’ve seen a lot of “Clash on the Courts” boosts. These boosts offer 50% increase in odds. For example, on Feb 6, 2024, Ole Miss is playing at U. Of South Carolina (“SC”). The moneyline at Draftkings is
Ole Miss +136
SC -162
So, if you apply the 50% boost token to SC, it changes their moneyline odds from -162 to -112. Since the odds are -160, Draftkings gives you 50% of 100 or 50. So, -162 + 50 = -112.
Draftkings like all bookies will limit the amount you can bet on promotions. This type of bet usually has a $10, $25, $50 or $100 bet limit. $25 is the most common limit. Now, the bet is
$25 on SC at -112 odds. So, 25 makes $22.32
How do we know there is an arb opportunity? Since the boosted odds on SC are -112 and at draftkings the odds for Ole Miss is +136. We can place an immediate bet on Ole Miss and make money.
WARNING! With a boost don’t place an immediate bet on the other side at the same bookie. That’s a BIG NO NO!
So, we go look at other bookies. I checked FanDuel’s odds and a stroke of good luck, the odds for Ole Miss are +142 which is even better than draftkings.
Now, for some trial and error. We need to figure out the amount to bet to make a sure bet. If we place a $25 bet that makes $35.50 on Ole Miss, then if SC wins, we will lose money ($25 loss on Ole Miss less a $22.32 gain on SC equals a $2.68 loss.
If we place a $15 bet that makes $21.30 on Ole Miss, then if Ole Miss wins, we will lose money ($25 loss on SC less $21.30 win on Ole Miss equals a $3.70 loss.
So, somewhere between $15 to $25 on Ole Miss will help us find the sweet spot. In this scenario, if we place a $19.55 bet that makes $27.76. Then, we have a perfect arbitrage position.
If SC wins, we win $22.32 on SC and lose $19.55 on Ole Miss which makes us a net $2.77 profit.
If Ole Miss wins, we win $27.76 on Ole miss and lose $25 on SC which makes us a net $2.76.
While the win amount isn’t huge dollars, sometimes it is good to just take the win. This is especially true on a game that you have no idea of the outcome. So, you might as well make a couple of bucks of the promotion to help fund other bets.
As always, arbing, sure bets and gambling is for fun. Please play responsibly and never chase your bets. As a follow up to this article, BetSlayer is showing how to arb yourself with a “goal in the first ten” or GIFT.
I hope you enjoy these tips on maximizing your return at the bookies. Remember gambling is supposed to be fun. Always play responsibly. Never get in over your head or bet money you aren’t willing to lose.
Let me know if you have any questions in the comments.
Keep coming back to BetSlayer as we will have more videos.
One of the interesting things that experienced bettors will tell you is that predicting the result is only half the battle. Sure, that’s the main goal, making everything else obsolete if you get it wrong, but experienced punters will always want to know that they have obtained the maximum value from their wager. That essentially means the best odds possible. Yes, there are strategies like sure bets, but getting the best odds is always desirable – regardless of how you place your wagers.
The idea of this has been around much longer than online gambling. Of course If you were to be at a race in person at a racecourse, you are going to be looking at the different bookies’ stands for the best price for your selection. If you’ve been to the races before, you’ll know that the difference in the odds can be substantial.
Of course, today, there are other options, including online betting exchanges. Unfortunately, many of us simply take what we are given by the online sportsbook we are signed up for. That’s understandable, as it can be a pain to open up a new account, including the possibility of having to verify your details to satisfy regulatory requirements.
Ante-post odds can vary greatly
Nonetheless, if you have the will, there is always a way to get better odds on your racing selection. This can be in the form of having better odds as standard for a specific race, or that a bookmaker is running a special promotion on that race.
Odds comparison sites are usually a good place to go for step one. Incidentally, the greatest disparity for odds is usually in ante-post markets. To give you an example, when this post was published, we looked at a race far in the future – the 2023 Melbourne Cup – we can find big differences in odds for horses like While Marlin and Loft. The former has odds ranging from 12/1-22/1, whereas the latter has odds of 18/1-33/1, depending on the bookmaker. The point, as such, is that there’s about an 80% markup available if you go with the best-odds bookmaker compared to the worst. It’s unlikely you would see such a disparity on race day, even with the breadth of options available online.
Of course, you can find a fair amount of disparity in the odds closer to the event, although it’s usually not as stark as the example above. The question a punter has to ask is whether it’s worth the effort to switch accounts or sign up to a betting exchange.
Follow the race sponsors
A word on promotions: While you will want your sportsbook to have plenty of betting offers, it’s never going to be quite clear which bookie is doing what for any given race. But we have a bit of a cheat code here to help: we use matched betting to gain an edge. One of the better matched betting sides is Odds Monkey.
In addition, you should also be looking at affiliate sites. By that, we mean websites that curate different betting platforms and betting offers. Often, they will have a list of the best promotions available, including, perhaps, some that are native to that affiliate platform. This can allow you to maximise any possible return on your selection.
Finally, you should always be on the lookout for betting platforms with “best odds guaranteed”. This means that if you take a price, and the horse has a starting price higher than your initial bet, you will be paid using the latter odds. It’s a complete no-brainer, and it’s something offered by several of the world’s biggest betting brands.
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When placing a sure bet or arbing, time is of the essence. Imagine you found a juicy 10% arb opportunity on a draw no bet line between Man City and Liverpool. You know there’s a lot of action on this game. So, betting lines can move pretty quickly. Speed is imperative to place your sure bet. A popular contest is easy to find at the bookie. But, what happens if the juicy 10% sure bet is in a little lesser known sport or a sport with a lot of games like ncaa college basketball?
Take ncaa college basketball as an example. On any given Saturday in the winter, there could be a 100 or more teams playing. If a sure bet pops up, speed is still very important to place your sure bet. The faster you can find the match. The quicker you can place your sure bet. But, with so many games finding the match quickly could be a challenge. As an added bonus, ncaa basketball is a popular sport to bet on. So, your arbing on ncaa basketball usually doesn’t lead to a punter getting gubbed.
How to Place a Sure Bet Quickly?
Some arbs at BetSlayer have an add to betslip feature which will take you directly to the match. If that’s not available, a search function at the bookies is a very powerful tool. A search function allows you to find the surebet quickly and efficiently. Many good arbers will copy the team name presented in the sure bet. This allows for a quick paste within the search function at the bookie. The faster you go the better chance for a successful sure bet.
Here’s an example of an ncaa basketball sure bet.
Syracuse U. Win 1.4 at William Hill Lehigh U. Win 5.0 at UniBet
Different Betting Sites
Both UniBet and William Hill (Caesar’s for the U.S. arbers) have good search functions. After seeing this sure bet on BetSlayer, you quickly copy the word Lehigh and go to UniBet. Do a paste and you will be presented with the event. Now, do the same at William Hill. You can still use Lehigh as your search. It will bring you to the right event at William Hill. Now, make sure the odds at the bookies are the same as on the sure bet in BetSlayer and place your bet. As a reminder, BetSlayer shows you how much to place at each bookie based on the overall amount you want to wager.
For the Sure bet above and a £100 wager. You would place.
This sure bet would produce a 10% return if Lehigh wins and 9.2% if Syracuse wins. We always recommend using whole £ when making your sure bet.
There are other ways to placing sure bets quickly, like receiving a WhatsApp notification when new sure bets are identified. See the WhatsApp blog article to learn more or check out the Exclusive plan at BetSlayer.
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Usually we like to put great tips and information on how to sure bet in the BetSlayer blog. But, BetSlayer just launched a brand new feature where you can instant notifications when a new sure bet meets your criteria. In this post however, we will be talking about WhatsApp sure betting and how we at BetSlayer have utilised this social platform in order to notify our clients on when a profitable sure bet arrives.
What is WhatsApp?
First what is WhatsApp. WhatsApp is a very popular instant messenger service. It’s like texting on your phone. But, it has a specific app. BetSlayer has hooked up their system to send out instant messages through WhatsApp when a new sure bet arrives in the account. You can set a threshold to only be notified if the surebet is equal or greater than your preset % return. Most people use 5%. In addition, you can select which bookies you get notified from. So, you are only receiving the sure bets that you want.
What is Our Exclusive Plan
The feature above is very popular in sure betting. It is only available in the Exclusive plan. One other benefit of the exclusive plan is that you will be able to designate 3 bookies that only you and up to 4 other exclusive customers can use. Once you designate a bookie as exclusive, only other exclusive customers can see sure bets relating to those bookies.
The Exclusive plan is great. It gets an arb to you quickly with a WhatsApp message and it limits the number of arbers who can see the sure bet. Both of these features allows the Arber to place the sure bet quickly and with little competition. To learn more about the exclusive plan, click here. Make sure to use promo code GO99 to get the first month at £99.
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Lots of people ask us at BetSlayer why we present sure bets as low as 1%. The identification of a sure bet or arb is pretty cool. I mean it is virtually free money. But, is it worth it to do a 2% sure bet? There are a bunch of factors when considering a 2% sure bet. Read on below to see these factors as we assess whether a 2% sure bet is truly worth it or not.
Does the Match Start Soon?
Does the sure bet match start soon? This is an important question. If the match starts in the next 1-2 hours, then you can have a quick tour around and make a couple of pounds. If the sure bet match starts in 2 days, then it probably doesn’t make sense to your funds that are tied up for 2 days, this leads us onto to the next factor.
Do You Have Excess Funds?
Do you have excess funds at the sure bet bookies? If you have funds that you don’t mind tying up for 3-5 hours, then it makes sense to place a 2% sure bet. Arb opportunities show up without warning. So, there is always an opportunity cost that a higher returning sure bet could become available. But, if you have excess funds that won’t be tied up for very long, your opportunity cost window is very small and the 2% sure bet makes much more sense.
Betting on a Major Sports League?
Is it a major sporting league? There is always a risk of being limited or gubbed by the bookies. When placing a sure bet, the bookies are looking for punters who are doing sure bets. But, there is so much action on major sporting leagues that the bookies very rarely identify arb opportunities in a major sporting event. If a 2% sure bet in the Premier League is starting in the next hour. It most likely won’t draw any red flags at your sure bet bookies.
Summary
So, in summary the 2% sure bet can be a really profitable short arbitrage opportunity, so the answer to the original question of ‘Is a 2% Sure Bet Worth It?’ is yes. If you are interested in 2% sure bets then be sure to visit us at BetSlayer, we will have a number of 2% arb opportunities that a savvy sure bettor can take advantage of.
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Social media has had a big impact on everything in the technological world. This is the same for sure betting, there are so many more people across various social media platforms that believe that they have the key to arbitrage betting although on a large scale this is not the case. In fact many people will believe anything that they see on social media these days to the point where it can be dangerous to trust any people who are genuinely knowledgeable in sure betting. Seen below are a few of the effects that social media has on sure betting.
Tipsters Are Not Always Right
We have all seen these tipsters on Twitter & Facebook that claim to know the secrets of arbitrage betting. The majority of them are just trying to get you to sign up to their services and through their teams in order to get themselves money. You may be lucky and find a legitimate sure bettor, however even with this it will not be worth the price you are paying compared to the price of professionals like ourselves at BetSlayer.
Find Arb Betting Groups
There are also plenty of arbitrage betting groups on Facebook that are actually great for the community as it can give people a basic understanding of sure betting to then go on to learn a higher knowledge with us at BetSlayer. These groups can also be risky though as you may fall into the same trap as with the tipsters due to some members trying to convince you to join their ‘exclusive’ arbitrage betting group. The Facebook group Arbitrage Betting Mastermind has a lot of experts and newbies alike that share tips on sure betting.
Inflated Odds
Betting companies can use social media platforms to prey on vulnerable & new sure bettors, they do this by advertising on your Facebook feed with odds like ‘40/1’ or ‘80/1’ on a very easy to achieve outcome. Most people would say this is too good to be true, they say this as it actually is! These huge, inflated odds will actually be paid to you in free bets, meaning you will be left no choice then to keep betting with that company. When browsing social media looking for sure betting topics, do not engage with these inflated odds no matter how enticing they may be.
Helpful Videos on Sure Betting
Social media is not all negative however, you will find some videos and helpful images from accounts that can give you a basic understanding of sure betting, you can find starting tutorials and useful advice from experienced arb bettors who have made a living from it. BetSlayer has a useful YouTube channel to help get you started. However as we have already mentioned, these videos are a first step in the ladder of sure betting before wanting to give it a proper go with our professionals at BetSlayer.
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