Sports arbitrage is becoming more popular all over the world, and it isn’t really a surprise. I mean, who wouldn’t want to make risk-free profits?
In case you aren’t already familiar with arbitrage, here is a quick explanation:
Arbitrage opportunities arise when a two markets price the same item differently. For example, if i can buy gold on Market A for $100 and sell it, at the exact same time, on Market B for $101, this is an arbitrage opportunity. I can make 1% profit instantly.
Sports arbitrage works in exactly the same way, but it involves buying and selling bets instead of shares or commodities.
Arbitrage Via A Betting Exchange
If the idea of buying and selling bets seems strange to you, it is probably because you aren’t familiar with betting exchanges.
Betting exchanges, such as Betfair, allow you sell bets to other people. This is known as ‘laying a bet’, and it is what bookmakers do every day.
If you can buy a bet from a traditional bookmaker at high odds, and then sell it on a betting exchange at lower odds, this is an arbitrage opportunity.
It isn’t easy to find these opportunities on your own but, fortunately, the bonusbank ATM can do it for you:
In this case, you could back Crystal Palace at a bookmaker at odds of 2.00 and then lay them on Betfair at odds of 1.90. By doing this you could guarantee $2.70 profit for every $100 bet.
Arbitrage by Dutching
Dutching is a matched betting technique that removes the need for a betting exchange. Instead, we use multiple bookmakers to cover all possible outcomes.
When it comes to sports arbitrage, dutching has a lot of advantages over using a betting exchange. For a start, betting exchanges charge commission on every winning bet. This can seriously reduce already thin profit margins. Also, if you want to sell a bet on a betting exchange there has to be someone willing to buy it. Most arbitrage opportunities exist in less popular markets where it might be difficult to get any takers on Betfair.
The only downside to dutching is that, with so many bookies to compare, it is a lot more time-consuming.
Or, at least it was…
Dutching Software
Bonusbank recently launched the only dutching software to exclusively feature Australian bookmakers. It compares odds from 16 different bookies to find the best sports arbitrage opportunities.
The software can identify arbs in 2-way markets – such as Basketball, Tennis, AFL, & NRL – and also in 3-way markets – such as soccer.
It can also be used for non-arbitrage dutching. This is useful when you have to complete a wagering requirement after a winning bonus bet.
To see how much you should bet in order to guarantee your profit, you just click the calculator icon on the right.
Arbitrage betting is just one of the ways that bonusbank members can profit from Australian bookmakers. They can also make thousands of dollars from signup bonuses and existing customer promos.
If you would like to learn more, sign up for a free account today.