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.
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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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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Earn a profit every month virtually risk-free with our arbs betting tips. Sign up now for a 7-dayfree trial.
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.
Arbitrage betting is the betting activity where you place bets on all the possible outcomes of the event at odds that is certain to make you a return. Once you understand the fundamentals of arbitrage betting or sure bets, you may wonder how you source the arbs opportunities and then how you can execute the arbitrage bet. Bookmakers often change the odds for an event multiple times before the actual event without any notice. Their goal is not to offer their customers profitable betting chances, as customers profiting too much can have a damaging impact on their bottom line.
Once you have found the best prices for opposite sides of an event, you should complete a quick calculation to turn the initial decimals into calculated bets. If the results on both sides of the winner exceeds the total amount of money put on the arb bets, then you have an arbs betting opportunity.
Accomplishing an Arbitrage Bet
An arb bet opportunity may not be achievable with site A and site B. It may be site D and E, where the arbs opportunity may be available. Then a couple of minutes later you may see an opportunity between site E and F. There is often no pattern behind the opportunities for you to find out. For example, there is injury news surrounding Roger Federer in the lead up to his match again Stan Wawrinka and his price becomes unpredictable. A bookmaker offers him at 1.5 and his Wawrinka at 2.3, while another bookie has him at 1.20 and his opponent at 3.4 for this Wibledon match. If you’re quick on this arbitrage opportunity you can easily make a profit. If you back Roger Federer at £100 at the odds of 1.5, then you will return £150 on Federer. Now, you need to work out how much you need to bet on Wawrinka. You can do this by multiplying the initial stake by smaller or bigger odds. Simply put, 100 x 1.5/3.4= £44.12, which leads to a profit of £5.88. This emphasises the arb betting philosophy of small risk-free profits that accumulate to a lot over time.
Arbing is Not Welcome Here
Many bookmakers do not welcome arbitrage betting, but betting exchange websites encourage as many bets as possible. So, the betting exchanges tend to be arbitrage betting friendly. Traditional bookmakers commonly offer a single price per outcome, while an identical outcome can be available at alternative prices at a betting exchange website. There is also an opportunity to offer your own prices, this can prove risky in volatile markets. Whatever your arbitrage technique, a successful arb is all about the timing. When an opportunity comes about, a pro arber snaps up the opportunity quickly. Timing is important because odds can change at the flick of a switch.
The Importance of Timing in Arbitrage Betting
The key to ensuring you can place the arb bet quickly is making sure that your betting account is well funded. Your betting accounts need to be loaded with your budget so you can place your bet at any time. If you have a budget of £500 and you separate it between five betting accounts, you will be able to place £100 on an outcome at one time. Since most arbs have two bets to place, then you will be placing £200 at a time. If you arb is expected to return 5%, then you can expect to win £10 on that particular arb. If arbing is done right, over time your bankroll will increase and you will be able to place multiple arbs on different events at the same time.
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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.
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.
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.
1 - see arbitrage opportunity 2 - Make sure you have available funds in those accounts 3 - Place both sides of the arb (place highest stake first) 4- wait for bet to settle 5 - Withdraw funds and reload account
What exactly 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 it work? 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.
To break down what is shown in the table.
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.
Common questions about Arbitrage Betting Do I need to be in the UK?
It helps to be in the UK as we have the largest amount of bookies in europe but as long as you have access to a decent about of mainstream bookmakers sites you should be fine.
Do I need to have bookmaker accounts open?
Yes you need bookmaker accounts open to do this. Won’t the bookmakers limit my account if they think i’m arbitrage betting?
It’s true that some bookmakers are not too keen on arbitrage betting but many people stay under the radar for a while by being smart like only betting round stakes.
Many matched bettors arb on their gubbed accounts to double their matched betting profits.
The 3 things to consider are:
The amount of stake you place
How big a % the arb is
How mainstream the event is.
If you balance these three factors then you can keep accounts open, we’ll go into more detail on this later. Other tips include only withdrawing funds from the exchange because they never limit you and it makes bookies think you’re losing when you’re winning because you never withdraw from cash from a winning account.
Is it legal?
Arbing might seem too good to be true, but it is an entirely legal way to bet. All you are doing is taking advantage of the differences that occur in the market. Won’t it take ages for me to withdraw funds?
If you use skrill or paypal you can withdraw funds to your skrill wallet in 12 hours or with paypal instantly, and load bookie accounts instantly making it easy to control cashflow and easy to take advantage of arbitrage opportunities.
How much money do I need to get started?
You need at least £100-200 to make arbitrage worthwhile.
You say its risk-free, so what’s the worst thing that can happen?
Even though Arbitrage is risk-free, there are certain things you have to keep in mind when implementing it. Like in the rare case that a bookmaker doesn't accept your bet, but you've already placed 1 out of 2 outcomes of the arb?
There are 2 solutions for this.
Many bookies will allow you to cash out of a bet, you can do this on your original bet and lose a couple quid.
Or you can find similar odds on our software dropdown menu and place a bet with another bookmaker. This feature means you could still make just as much money, or if they are slightly worse odds, you may win or lose a couple of pennies.
What are the best bookmakers to use?
Pinnacle is an arb friendly bookmaker that welcomes arbers and will never limit you. Currently its not available in the UK unless you use brokers like premium tradings or Bet IBC. There is great opportunity for safe profit by using Pinnacle and a low commission exchange like Smarkets. Other good bookies include Marathon & Bet365.
**Are all arbing opportunities back/lay like matched betting? **
Nope there are lots of opportunities between bookmakers directly without the use of an exchange.
So why isn’t everyone doing it?
A lot of people don’t know this exists and if they do they are overwhelmed by thinking they have to calculate every arb themselves or pay £100+ a month for betting software. Using Betslayer you only have to make 1-2 bets a month to make a good profit of the service.
Many people do arbitrage betting after finishing the sign up offers because they have many accounts open and want to turn their bankroll and double it.
Advantages of arbitrage betting:
No qualifying bet to place
Takes less time
Very profitable
Great to squeeze profits out of gubbed accounts
Disadvantages of arbitrage betting:
Puts your accounts at risk
Claim your free 7 day trial at betslayer.com/pricing (no card required)
What is sports arbitrage betting? An arbitrage bet arises when bookmakers have different opinions on the outcome of a sports event. This is reflected in the odds they provide and because the odds are so far apart it means we can bet and win regardless of outcome.
Is it similar to matched betting? In a lot of ways, yes. Instead of using the bookies free bet to make a guaranteed profit we use the variation in odds between bookies. There is no need to place a qualifying bet in arb betting and most of the time instead of laying at the exchange we simply cover the other 1 or 2 outcomes at other bookies.
What is arbitrage software used for? Because bookmakers odds can change quickly and the calculation of stakes needed to make a successful arbitrage bet can take time arb betting software was born. Arbitrage software makes a lot of things much easier. It automatically tracks odds and calculates the stakes needed to make the most money from an arb opportunity. Most add the bet to your betslip automatically saving you from having to navigate endlessly on bookmaker markets.
It also is a much more efficient arb finder because instead of you having to keep an eye out for the right odds the software does it for you. The arb software scrapes all the odds from the bookies and then automatically calculates which contain sure bet arbitrage opportunities. Sports Arbitrage Software like Betslayer highlights hundreds of Arbitrage sure bet opportunities every day.
Free bets? You may be asking if you can use free bets to boost your arbitrage betting bankroll. The answer is yes. Combining free sign up offers with arbitrage actually gets you a 150% (2.5x) profit compared with if you did it with matched betting and used an exchange like Betfair. This is because Betfair charges a 5% fee and matched bettors look for the same odds to take the opportunity rather than always looking for profitable arbs. The only difference when redeeming free bets is that you shouldn’t use an e-wallet like skrill, neteller or PayPal (check terms and conditions though) you can withdraw your winning via an e-wallet but deposits should be via credit/ debit card.
How to place an arbitrage bet? Step 1 Pick a 3-10% arb from betslayer Software in a generally popular market ie Premier League/ championship not League 2 that has been recently refreshed.
Step 2 Use filter to round to £5 and play around with stake until you find the best fit for profit.
Step 3 Open both bookies side to side before placing arb.
Step 4 Double check
Step 5 Place bet
To begin with you should never place a bet of more than £100 on one outcome.
Here is a good example to start with as it contained the bookies you have placed money with.
Let’s break this bet down.
Stake Bookie Outcome A Outcome B £50 Coral 1.91 x 50 = £95.5 (+£10.5) 0 £35 WHill
2.62 x 35 = £91.70 (+£6.7)
So you see, whatever happens we make a profit because our total original stake was £85.
Make £100.64 in your 7 day free trial
The basics of which arbs to place..
Less that 7 days in advance
Never choose an arb which has more than a 10% ROI
Choose Arbs that have been updated 1-2M ago
Use round to 5 feature
Bet stakes less than £100
Relatively mainstream (ie. not challenger tennis or romanian premier league)
Keep outcomes to 2-3 so it’s easy to place the arb
Open both bookmakers side to side to reduce the time gap between placing one bet and the other
Double check the odds
Open both windows side to side before placing arb
How Much Money it takes to Start? We recommend having at least £250 to start with. This will be enough to make you £100 in your first week whilst you’re still learning the ropes. We recommend putting £50 in five bookmaker accounts. We recommend - Bet365, Ladbrokes, Marathon, 188Bet & Coral.
Managing your bankroll The reason we recommend spreading your bankroll across different bookies is so you never miss out on arbitrage opportunities. Think about it, you place an arb of 2 outcomes. One wins. This means one of your bookie accounts has no money in it and the other has 5-10% more than the total stake you placed on the arb. This means you need to reload the account to make it available to you again. We do this by using e-wallets like skrill or neteller which takes 12 hours to withdraw funds rather than 3-5 days via bank transfer. E-wallets only charge when you withdraw to your bank, they’re a neat tool that allow you to deposit and withdraw to your e-wallet for free quickly and efficiently. They are essential for arbitrage betting.
Avoiding mistakes/ getting limited Start off with small stakes to learn the ropes. Unlike matched betting this is evergreen, there are always arbs so don’t feel like you’re missing out if you start off place £20 bets. This eliminates the number one mistake when arbitrage betting : human error. Arbitrage betting by nature is risk free but there are certain things like getting limited and certain situations you have to adapt to to make it 100% the case.
Is Arbitrage Betting Legal? Arbitrage betting is completely legal. We are simply doing as a trader would do and buying and selling odds to make profit.
Don't bookies hate this - won't they limit me? If you are stupid and have abnormal betting patterns then it’s a possibility. Most people keep their accounts open for a 6 months to a year but you can keep accounts open much longer with certain bookies like Bet365 and there are endless opportunity for arbitrage even with just BEt365 and an Exchange like Betfair. There is only so far a bookie can go with limiting players because they don’t want to limit players that have a lifetime ROI of profit. This is why it’s important to track which bookies you’re winning and losing with so you can place mug bets (A normal bet of 1-2% of your bankroll) just to throw them off. I always thought that even though arb bettors are gaming the system we don’t actually know which bookie we are going to win and lose with so they shouldn't care.
