Making a Profit Using Arbitrage Sports Betting

Is arbitrage sports betting for real? Yes, it is. But what is it? In the business world, arbitrage is the buying and selling of the same commodity simultaneously in different markets. The beauty of arbitrage is it offers an exceptionally fast turn around and profit with little to no risk. This business practice, which has been utilized by some sports bettors, guarantees the gambler a profit no matter what.
 
It works this way. Arbitrage sports betting involves using two sportsbooks to place a wager on both sides of the same contest. In doing so, you’re assured of realizing a profit. In order to engage in this practice, you’ll need to do some careful research by scouring numerous sportsbooks. Checking the moneylines and point spreads, you’re trying to find anomalies in the lines that will allow you to place two bets, one on each team, with the result being no matter what, you make a score.

Here are two NHL moneylines for an Edmonton-Detroit match up:
 
Sportsbook 1               Sportsbook 2              

Edmonton Oilers        +200                            – 105   

Detroit Red Wings      -240                             +125
 
These two lines offer the perfect opportunity for the arbitrage bettor. Put your money on the Oilers with sportsbook one and on the Wings with sportsbook two. You’ll bet $100 on Edmonton (+200) and $100 on Detroit (+125).

If the first bet pays off, you’ll net $200 on Edmonton while losing $100 on Detroit, making your final profit $100. If the Wings win, you’ll pocket a $125 profit minus the lost $100 wager on the Oilers for a final net of $25.

Of course, arbitrage wagering cuts down on your potential to turn a larger profit, which is possible when betting on only one team and winning that wager. Still, arbitrage sports betting offers a decent payoff. In our example, it’s 50% on Edmonton and about 12% on Detroit.

Here are the basic steps in arbitrage sports betting:

1. Peruse various sites, looking for lines that offer you an advantage.   
2. An under-bet sport such as hockey often presents golden opportunities. The reason for this is that bookmakers tend to pay less attention and give less care to sports that make less money. 
3. Also, you’re likely to find arbitrage opportunities at larger sportsbooks that are offering a huge number of betting opportunities. These sites are dealing with a lot of volume and will often slip up a bit on certain lines. 
4. Some sites specialize in specific sports while still offering wagering opportunities on others as a convenience for their customers. Often, they won’t pay much attention to the less profitable sports. 
5. Another thing to look for is any change in a team’s personnel during the week. If a big player goes down, that can cause a blip in the moneyline on some sites, while it stays stable at other sportsbooks. Exploit that opportunity. 
6. Place your bets on each team and prepare to win.

Arbitrage sports betting takes time and requires vigilance. Sports that see a lot of betting traffic, such as the NFL, the NBA and college football and basketball, are less likely to offer arbitrage opportunities. Good places to look include regular season major league baseball, the NHL, NASCAR and the PGA. The hockey example used in this article was found in 15 minutes.

With this type of betting, you’ll need to make your bets when the opportunity presents itself just incase the bookmaker makes adjustments to the line later, and you must practice careful money management. You won’t make a killing with arbitrage sports betting, but you’ll hit all the time, turning a profit.  There are several websites that will do this research for you, so that you’ll only have to place the bets and count the money.

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