How arbitrage betting works – Is ‘arbing’ legal and worthwhile?

tennis online betting

Arbitrage betting is a system that punters use to guarantee winnings or at least minimize losses through betting on all the possible outcomes of an event.
The 'arbing' is somewhat controversial since many bookmakers see it with bad eyes and some experts say that it does not grant as many dividends as it is believed. Learn more about this approach and form your own opinion about whether it is worth it or not.

 

Also known as 'sure bet' or 'miracle bet', arbitrage betting has as a strategy to cover all possible scenarios through mathematical calculations, to obtain greater or lesser profits regardless of the outcome of the event.
To do this, you need to manage the probabilities of several bookies and apply formulas so as not to fail in the amounts wagered. Currently, there are also online software and tools to perform these calculations more easily.

How to implement arbitrage betting

One of the ways of doing arbitrage betting is through two bookmakers that offer odds with a broad difference. If a betting website has a team/player as a favorite and another platform has its rival as a minimum underdog, you have an opportunity to 'arbing' when calculating these odds concerning your required investment.

 

One of the ways of doing arbitrage betting is through two bookmakers that offer odds with a broad difference. If a betting website has a team/player as a favorite and another platform has its rival as a minimum underdog, you have an opportunity to 'arbing' when calculating these odds concerning your required investment.

Currently, one of the most popular forms of arbitrage betting is using betting exchange services, betting against other users. You can take as a reference the best probability that the bookmaker offers to place your bet and then enter the exchange to bet on the opposite result.

Is arbitrage betting legal?

Yes, 'arbing' is completely legal. Since it is about analyzing the odds and placing bets on different bookies or against other users, all you are doing is comparing numbers and making calculations to cover your bases.
But even though is not an illegal activity, arbitrage betting is not well seen by bookmakers and if you do all your 'sure bets' on the same platform you may face problems. Anything that is constant victories for a user will be a headache for the operator, so even in the slightest suspicion of 'arbing' your account may be limited in some way to "clarify" the situation.

 

Why bookmakers don’t like regular ‘arbers’?

Basically, bookies do not like users who make arbitrage betting because it generates constant defeats to them, even if they are by a small margin.
If the operator detects that you are doing 'miracle bets' it could limit or cancel your account. As you know, no gaming company likes to lose more than it earns.

 

Is arbitrage worthwhile and profitable?

If you learn to identify the most attractive odds and have an appropriate strategy to place bets on different bookies or exchanges, the arbitrage betting system can bring excellent results in the medium and long term. There are currently online tools such as calculators that facilitate the mathematical part of this so you can make good decisions quickly and without squeezing your brain.

 

Like everything in life, it is also not a definitive solution to realize full profits at all times, but it is one of the few systems with positive results regularly. Therefore, it is worth at least trying this strategy to know if it fits your tastes, preferences, and budgets. For some users, arbitrage betting removes the exciting effect and rationale of sports betting, as it becomes more a mathematical calculation than a knowledge analysis.

 

What do you need to place ‘sure bets’?

The first thing you need is a tool to make calculations between betting odds, potential winnings, and the required investment. You can do it in your mind, use specialized software or hire online services. On some occasions, this requires an expense, which brings us to the next point.
To obtain constant winnings, you will have to bet in the long term because the profit margin is small in each bet. If you have the capital to do it and patience is one of your virtues, arbitrage betting is definitely one of the most effective systems you can choose to travel the world of sports betting.