I am a fan of arbitrage betting and I have personal experience with it. Performing sports arbitrage is my best investment I ever made. I have read a lot of reviews about sports arbitrage and all of the reviewers agree that this is not betting, it is trading.
In arbitrage betting you don't have to worry about the result of the game. You don't even need to worry who will score first or how many goals will happen. All of the above is not important.
Why?
Because you are playing on all possible outcomes. Maybe you are asking yourself how it is possible to play on all outcomes but still be in profit?
I will be honest and I will answer that question on my possible way.
You can't perform sports arbitrage with only one bookie or bookmaker. All possible odds are calculated so perfectly that there is no way to find even one arb with the same bookie. But what happens if we start searching for arbs comparing different bookies? If we do that we will find many arbitrage betting possibilities.
There are hundreds if not thousands of bookies on the Internet. If we create or buy arbitrage betting software capable to send spiders to the bookie websites, collect the data and analyze it then I personally guarantee that it will find some arbs.
Performing arbitrage betting is not so easy. You can't do it without special software called arbitrage betting software or sports arbitrage software. This is because there are many bookies on the Internet and you can't analyze all the data manually.
Arbitrage Betting Example
The easiest way to find sports arbitrage is to analyze some tennis match. In the tennis you have only two outcomes, 1 and 2. Let's say the first bookie gives for the first tennis player 1.4 odd but the second bookie gives 6.0 odd for the second player.Let's calculate to see do we have arbitrage betting in this match!
First odd: (1/1.4)*100 =71.43%
Second odd: (1/6)*100 = 16.67%
Arbitrage betting calculation: 71.43%+16.67%=88.1%
88.1% is below 100% so we have arbitrage betting.
Arbitrage Betting Profit Calculation
To calculate arbitrage betting profit we should determine how much money we will invest. let's say we are ready to invest $100.($100/88.1%)-$100 = ?
To calculate properly we should convert 88.1% in 0.811.
(100/0.881)-100 = $13.51
That means our full profit is $13.51 no matters which player will win.
(100*0.7143)/0.881 = $81,08
(100*0.1667)/0.881 = $18.92
The above two calculations shows us how much money to place on the first bet and how much on the second bet.
On the first bet you will place $81.08 and on the second $18.92.
Let's calculate with our odds.
1 bet: $81.08 * 1.4 = $113.51
2 bet: $18.92 * 6 = $113.51
The above two calculations confirmed us that if we invest $100 on this arbitrage betting stuck we will return our $100 plus $13.51 pure profit.
Don't you think arbitrage betting is amazing?
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