Sports Arbitrage (surebet) is a mathematically calculated arbitrage situation which allows placing bets on all the opposing outcomes of the competition with different bookmakers. You earn in spite of the outcome! Therefore, sports betting turns into an investment method with more than a 10% yield of the amount invested on a monthly basis.
What leads to arbitrage situations in sports? Bookmakers are in constant competition towards one another. Therefore, quite often they set overstated odds. As a result, sports arbitrage betting (surebet) arises.
We scan the odds, and by applying mathematical formulas to calculate arbitrage situations (surebets), report what and how much you need to bet on in order to get a safe profit
Let's suppose, there are 2 basketball teams - Leicester Warriors and Westminster Warriors that will play in a few days.
Our surebet service, using a specially developed scanning technology, performs the following steps:
Let’s imagine that after scanning the bookies for Leicester Warriors vs Westminster Warriors, our software selected the following odds for further calculation:
Then, we define the inversion (L) for the results:
Therefore, B1 gets 5.6% of the revenue regardless of the outcome, and B2 – 5.1%. Our aim is to identify the odds with different bookies in the way the inversion of the opposing results to be less than 1. That is the only way sports arbitrage situations (surebets) may appear.
1. Inversion (L) for B1 and B2. Imagine that we bet on the win of Westminster Warriors with B1 and on Leicester Warriors with B2. In conclusion, we get
The inversion for the opposing wagers is less than 1. It means that these two bookmakers with corresponding odds are suitable for arbitrage betting. So our calculations continue.
2. How much and what we should bet. On condition that we have $1000 for our bets, the wagers for B1 (V1) and for B2 (V2) are the following:
Therefore, we have to bet $268.30 on the win of Westminster Warriors with B1 and $731.70 on the win of Leicester Warriors with B2 to get a safe income.
3. Now we calculate the amount of profit (P)
from the wagers placed with the bookmakers in both cases.
In case Westminster Warriors wins:
In case Leicester Warriors wins:
As we can see from the calculations, having $1000 in total, we are guaranteed to get $1046.33 in spite of the outcome of the match. In this case, net profit is $46.33 or 4.42% of the total sum we bet.
In such a way, you earned your first real money betting arbitrage! Just imagine how much you can earn on arbitrage situations if betting up to 10 times a day during a month!