What Does Arbitrage Betting Mean?
Arbitrage betting in sport lotteries is the act of placing two bets on the same game with different sportsbooks operating in the same market. Using different sportsbooks means that you can bet on the same match both ways. For instance, in a football match between Chelsea and Arsenal you can place a bet with Chelsea winning with one sportsbook. You can also place a second bet with Arsenal winning with a different sports betting company.
Arbitrage betting also known as sure-betting, miracle-betting, sure-wins or arbs. This type of betting doesn’t require you to understand the sports, players or teams involved. Arbitrage betting is solely done based on the odds provided by the bookmaker. Miracle-betting is controversial but completely legal. However, some bookmarkers close betting accounts after learning that a player is engaging in arbitrary betting.
Arbitrage betting works best in games where only two outcomes are expected. Either a win or a loss. Furthermore, miracle-bets are attractive when large sums are involved. Small amounts yield low margins of returns of less than 1.2%. If an arbitrary bet is detected by bookmakers that don’t agree with the practice, the bet is canceled. This one of the reasons arbitrary betting has remained unreliable with shaky profits. Nevertheless, some countries like Britain have highly experienced sports bettors who have formed a network to help them place arbitrary bets without detection.
You should not that arbitrary betting can be affected with time. For example, the odds some bookmakers offer may increase or fluctuate with time. This can significantly reduce your profits. Moreover, placing arbitrary bets is prone to errors because of the many bets you must place. Nonetheless, in some cases, placing the wrong bet could end up making you more money if the wrong bet turns out to be correct. Before trying out arbitrary betting, it’s a good idea to find out the bookmaker’s policy on the practice.
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