Many of you will ask yourself what is arbitrage betting or surebets? There is a large number of online bookmakers and between them, we can see great competition. For that reason, we can enjoy the phenomenon of safe betting or safebets. We can say that one bet is safe if we can make a payment on all possible outcomes while making a profit. This type of betting is also called Arbitrage Betting or arbs.
That is something taken from stock markets and retail. In this case, arbitrage is the action where you buy an asset at one market, and sell it on another one for a higher price. The difference between the buying and selling price will bring you a chance to gain profit.
Sometimes, conditions can allow placing a bet on each outcome with different betting companies. Like this bettor can make a profit regardless of the outcome. How to use this concept to earn money in the betting industry? In this post, you will find everything you need to know about surebets and betting arbitrage.
What is arbitrage betting?
Is not a hard job to find out what is arbitrage betting, but you will need to spend some time understanding it. In arbitrage betting, you will need to cover all results of a sporting event and to make a profit no matter its outcome. But this is only a possibility because each bookmaker has different opinions on the probability of an event. However, the betting exchanges allowed us to bet against outcomes, and in that way make the arbitrage easy for the masses.
For example, at one betting site, you will make a bet at a high price, and against that outcome, you will make another bet on a different site at a lower price. Mostly, we can say that these bets guarantee a profit, and many times we will call them surebets. This name is especially popular throughout Europe.
Before you decide to make such a bet, have in mind that for this part of betting you will need to have a higher level of knowledge than the average bettor. But don’t be afraid, this is possible to learn extremely quickly.
What is arb?
This term is used to describe an arbitrage bet, specifically in the matched betting perspective. However, if you are a fan of matched betting, you need to look to never arb, because that is bad for your health. And you will get your gubbed very quickly.
At the moment when the back odds are higher at the bookmaker than the lay odds on the exchange, we can say that we have arb. Most oddsmatcher tools will show us this part in red.
How much profit you can make via surebets?
Arbitrage is good for everyone who wants to make a constant and steady profit. But don’t think that you will get rich quickly. Many times you will have a chance to earn a profit which can be bigger than 5%. In arbitrage is a good solution to make a lot of smaller profit bets, rather than trying to win a big amount of money, like many gamblers, want to do.
The good thing with surebets is the fact that you can make multiple bets a day. However, your profit will depend on your bankroll, the size of arbs, of the number of bets you place, and many more things.
Most people will start with 500$ on their bank account, and in the one month, this profit should be at least a few hundred. But this is one average number and doesn’t have to be accurate for you.
Before you start, you will need to make a betting account on many bookmakers as possible. On market, you can find many arbitrage opportunities, but it’s important to have an account on a relevant bookmaker. Only like that, you can place a wager on the opportunity you found. Good arbs can disappear quickly, and for that reason, you shouldn’t lose your time on registration.
Arbs will came and go very quickly
If the bookmaker realizes that you didn’t react quickly enough on the odds, they will change them. Sometimes they can change them if they are trying to balance their book after bets take to much money. The main key to the successful arbitrage strategy is to react on time when the opportunity occurs.
How to arbitrage via betting exchange
It’s very easy to find arbs, but firstly let’s take a look at how the profit is generated. For sure the easiest and the most common way of arbitrage is placing a bet on a bookmaker and then you need to lay the same outcome on a betting exchange.
If you are not sure how much you need to bet or how much profit you will get, you can use an arbitrage calculator. Basically, this is the same thing as a matched betting calculator. With this calculator, you will find out how much you need to bet against some bookmaker and you will see how much profit you will make from the arb. On the market, you will be able to find many different tools that can help you a lot with the arbitrage.
Arbitrage without exchange
Unfortunately, the betting exchanges are not available in every country. Luckily the surebets chances between two bookmakers will happen even more than you can think, and those you can use in every country with bookmakers. At the moment when you use two or more bookmakers to hedge across, you will call that “dutching”. Also, here you can have more than two selections. Many times in the football world you will find arbs to dutch across on three separate bookmakers. You will have an option for each team to win, and one will be for the draw. Dutching is offering you round stakes for your bets. Like this, your bets will look less suspicious, but still, they will change the profit levels.
How to find safebets?
There are 3 methods of how you can find safebets. One of those ways is searching for a betting offer. Like this, you can see that some bookmaker has a particularly good odds on a certain outcome or an event. Or you can use the odds comparison service. Many online services publish odds from all major bookmakers in a real-time. On the Scannerbet you can find our odds comparison.
With the third method, you can find safe betting services. Today you can find more services on the internet that publish safe bets. Also, you can find services where you will find safe bets in a real-time.
What’s the catch with arbitrage betting?
Many people will say that there is no catch, will others will say that the catch is that the opportunities to find profitable bets are rare. But that is not true, however, if you have a lot of accounts on different bookmakers you will have more chances. And your chances will arise multiple times every single day.
But you will need to be careful because bookmakers don’t like it if you take advantage of them. For that reason, don’t make arbitrage to often, because there is a good chance that your account will have promotional restrictions, stake restrictions or they will ban your account. Even if this happens, you will be able to take your balance and profit, they can’t take your money from you.
Are there any dangers during Arbitrage Betting?
Of course, as in any life situation, this story has two sides. Good and the bad. For sure one of the best things with arbitrage betting is that is really one of the safest ways to bet. But only if you apply properly and if you are following all instructions. On the other hand, there is a lot of things which can go wrong.
Betting limits
Many bookmakers are not looking favorably on arbitrage betting. It can happen that your account is suspended or limited. This is one of the most common reasons why people can’t bet this way for an extended period of time.
Relatively large bank accounts
With arbitrage betting, you need to have open accounts on different bookmakers. On each of them, you will need to invest money before you start to bet. For that, you will need to invest a lot of money if you want to start arbitrage betting.
Canceled bets
Sometimes you may seem that you have made a perfect bet with a big difference, and only a few minutes later you can find out that one bookmaker canceled your bet due to a system error. For that reason, this way of betting is quite stressful and it’s necessary to study the rules of each individual bookmaker.
Safe bets as a result of human error
Many times you will find extremely affordable safe bets with a profit of 100% and more. As usual, in cases when something is too good to be true, you can expect that this is a mistake made when someone was writing an offer. All offers you see on the monitor were entered by an employee of the bookmaker who is prone to errors. Such an error is known as palpable errors. Almost all bookmakers reserve the right the cancel a bet in the event of such a mistake. Especially if the match has not yet started.
Many times bookmakers will not see their mistake until the match start, but you can be sure that this bet will be canceled for sure. Our advice is that you avoid such bets. Those bets can bring more money, but they are also bringing significant risks.
How does a bookmaker knows you are arbing?
For bookmakers, this will be one easy job to find if you are using surebets. But unfortunately, a lot of people will not see the obvious way how they can spot you. We will talk a little bit about some of them.
Firstly they are monitoring the SP or Start Price of a horse or a team. In case that the odds you choose are higher than the starting price odds, there is a good chance that you are using surebets. If you are not using them, then you just know how to find a good value. Every way, the bookmaker will not like you.
In the second place, they will monitor the exchange prices. In the same way, as we have a tool to check the odds at one place, the bookmaker has a similar tool. With that tool, they will track their own odds versus the exchange. Sometimes they will even set their odds to follow the exchange odds.
Now when we learn what is arbitrage betting, you can be sure that you will have a chance to win money. But before you start to bet, take care of all the necessary things, and you will win.
