ARBITRAGE BETTING
Arbitrage betting is not a type of a betting concept approved or seen favorably by online betting sites, but the number of arbers (bettors doing arbitrage) has grown in the last few years because bettors have managed to gain more experience and use it in order to discover flaws and maximize their profits by any means.
First of all, let's find out what arbitrage means: arbitraging allows a bettor (arber) to place bets on a single event (but on all outcomes) on different betting websites and make a profit no matter the result of the event.
Example:
Let's take a football match between FC Barcelona and Real Madrid.
o Bwin offers 3.20 odds for FC Barcelona to win the match.
o Ladbrokes offers 3.30 odds for Real Madrid to win the match.
o William Hill offers 3.40 for the match to end in a draw.
An arber who discovered these differences has the possibility of placing a stake on each outcome available at each online bookmaker. He can bet 1,000 EUR on FC Barcelona to win (Bwin), 1,000 EUR on Real Madrid to win (Ladbrokes) and 1,000 EUR on the game to end as a draw (William Hill). In this situation, no matter the result of the game (win/draw/win) - the bettor will make a profit of at least 200 EUR. This is called arbitrage!
Doing arbitrage is not easy and requires a lot of experience, knowledge and even luck. Since arbitraging is generally disapproved by most online bookmakers, there's a big possibility to get your account limited, restricted or even closed by doing arbitrage.
Also, an arber can always meet unpleasant situations: based on our example, William Hill could close the market or immediately lower the odds for the draw result, after the arber already placed the first two bets at Bwin and Ladbrokes. In this case, there's a huge risk for the arber to lose some money instead of winning.
Arbitrage betting is not a new concept or type of betting, but it has become more popular since the launch of the online betting industry. Nowadays it's easier for online bettors to do arbitrage because they have many tools and they can easily compare the odds and markets from all the online bookmakers in just a couple of seconds, but this doesn't mean that it's 100% profitable. Because of the online bookmaker's restrictions and the fast detection, most arbers only manage to place a couple of bets and make a small profit before getting their accounts restricted or closed.
Arbitrage betting is not only about discovering flaws/errors or profitable odds on all outcomes for a single event, but also about welcome bonuses. If the requirements of the welcome bonus are not harsh enough and well-made, arbers can easily discover ways of wagering the first deposit and bonus without losing (therefore - they can withdraw the deposit and the bonus).
Doing arbitrage is definitely not an easy way of placing bets, but more and more experienced online bettors are turning towards this method to increase their profits, despite the risks.
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