Arbitrage Betting: what is necessary to know a newbie?

BetBurger, 06.06.2016 author
Reviews: 4172

Before sport betting arbitrage, it is necessary to examine all the subtleties of working with it. In this article we will present you a detailed information about arbs and give some valuable tips for newbies.

What is an Arb and How Does It Appear?

Arbitrage (arb) – is a mathematically calculated arbitrage situation allowing making stakes on all the opposing outcomes of the competition in different bookmakers. You earn in spite of the outcome!

There are several reasons of arbitrage situation appearance, here are the main ones:

1. Overstated odds as a result of bookmakers’ competition.
2. Bookmakers can not keep track of one another's actions and give different odds.
3. Bookmakers’ mistakes that lead to false odds output.

If you want to learn more about arbs and their work, check out the article "How is it working?".

Types of Arbs:

1. Prematch arb – is an arb, which arises due to the odds difference before the event.
2. Live arb – is an arb, which springs up due to the odds difference in Live Betting (stakes during the game on).

The Main Differences between Prematch and Live Arbs:

Bets on Prematch surebets are placed before the event (match, race etc.). On Live it’s a bit different; you have to bet during the ongoing competition.

Prematch odds are changing much more slower than Live ones. Therefore, newbies are advised to start from surebets as it’s easier to make it on the required stake.

On Live one may find more profitable arbs than on Prematch. This is due to the fact that bookmakers don’t have time to keep track of all the odds in Live Betting. As a result, there are a lot of overstated odds, and one may calculate a large number of profitable Live arbs.

On Live it is pretty hard to identify you as an arber, as bookmakers have no time to analyze your stakes. Accordingly, the risk of your account to get limited is much lower.

Bankroll return and profit growth on Live comes much more rapidly than on Prematch. All you have to do is to wait till the match ends and get your money. On Prematch
you will have to wait until the match starts and get your earnings only after a couple of days.

False Arbs: Appearance and Detection

False arbs arise due to incorrect bookmaker’ odds. There are several reasons for such arbs to appear:

1. Mistakes or odds delay in our scanner.
2. Error on the part of the bookie (e.g. instead of TU 100.5 gives TU 1005).
3. Teams with the same name that influence an arb to be displayed with the odds from the completely different event.

Bets on such arbs can lead to a part loss or the loss of the entire amount of your bets. Therefore, follow some advice to avoid false arbs:

– Check bookmakers’ odds and compare them with those that are in our scanner.
– Make sure that bookmaker has given the correct odds (with no misprint), and the stake will not be canceled.
– Placing a bet be sure that the same teams are participating.

Choosing the Right Sport

With the help of our service, we scan 25 sports on Prematch and 9 on Live. If you area beginner and have no experience in Live betting, we recommend to start with soccer or hockey. These are the most common sports among gamblers. Moreover, even a newbie will manage to close the arb. Sport choosing issue is not crucial for Prematch gamblers, but beginners are advised to start with soccer or hockey as well.

Which Bookmakers Choose to Begin with?

We scan 71 bookmaker on Prematch and 58 bookmakers on Live. The full list of bookmakers scanned can be found here. In addition, we have prepared two separate lists of bookmakers for beginners:
The list of Prematch bookies for newbies available here.
The list of Live bookies for newbies available here.

How Much Money it takes to Start?

There are no limits in financial terms! You may start with any initial bankroll you have, but you need to understand that the average Prematch yield is about 10% per month, Live – up to 25%. Accordingly, more money you have, more money you earn.

Newbies are advised to bet small. Thus, you can practice and lose not too much. When you will gradually master arbitrage betting,  you will be able to increase your bankroll and bet bigger.

Tips for Beginners

It is preferable to learn some material on arbitrage betting before taking it up. First and foremost, we recommend you to familiarize yourself with the basic tips and tricks:

How to get started on Prematch: tips and tricks
How to get started on Live: tips and tricks

Having read these articles, you will know the advantages and weaknesses of arbs, understand how to set up a search filter and learn some useful tricks from professional gamblers.

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