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What Are The Best Days For Arbs Betting?
When it comes to arbitrage betting, there are always days that are better than others. Of course you can do arbs betting every day and still make a lot of money, however if you do not have that much spare time then you may need an alternative option. The best thing that we at BetSlayer suggest is to select certain days in the week which are better for arbs betting so that you can optimise the amount of money you are making through the week. Read on below to see which days are best for arbs betting.
Take Advantage of The Weekend
If you are looking for the best time for arbs betting, then the weekend is your best friend! This is because most events such as football and basketball, occur on the weekends. Saturday is statistically the best day for arbitrage betting as around 50% of all betting events take place on a Saturday. So if you only had time for one day of arbs betting then Saturday is the day to pick.
Similar to Saturday, Sunday is also a great day for arbitrage betting. This is again down to the fact that most betting events are on the weekend. In fact 30% of arbitrage betting occurs on a Sunday, making the weekend overall be responsible for 80% of all arbs bets that occur through the week. Our top tip for arbs betting, don’t miss the weekend!
Win From Tuesday to Friday
Now although the majority of arbitrage betting does occur on the weekends, this does not mean you cannot earn money throughout the week. There will still be plenty of sure bets in this time period, yet this will in the hundreds instead of the thousands that it is on the weekends. In fact almost 20% of arbs betting occurs throughout these days, so it certainly is not a time period to dismiss, as there is still money to be made. Even if you cannot do all 4 days, you can just do arbs bets on 1 or 2 of the days and this will still allow you to access 5-10% of the total betting events.
Try to Avoid Monday
Now as you probably have already noticed, the percentage calculations throughout the week has practically added up to 100%. This is because Monday is not the day you really want to focus on when it comes to arbs betting. The reason for the lack of betting events on this day is due to the fact that so much action and betting occurs over the weekend. By the time that they have finished, they take a rest and so do the main betting events like the football on the weekends. The best thing to do on a Monday is just research more into arb betting, or simply just enjoy a break from it!
Conclusion
In Conclusion, since most sporting events are on the weekends, the majority of sure bets come on the weekends. So, Saturdays and Sundays provide for the most opportunities. But, don’t forget to frequently review Friday’s arbs. BetSlayer often has a number of arb opportunities on Friday for the weekend games. Sometimes, catching the arbs a day early can get get really good results.
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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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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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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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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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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.
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:
- 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!
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