Arb betting, commonly known as arbitrage betting, is a widely used term in the gambling industry. It involves placing bets on all possible outcomes of a sports event to guarantee a profit, by exploiting any mathematical differences in the odds available. The margin between these is referred to as an ‘arb’. When done correctly, arb betting ensures a profit regardless of whether the back or lay wager wins.
Becoming a successful arber doesn’t require in-depth knowledge about sports; it’s all about finding opportunities. The back wager should be placed on a regular fixed-odds bookmaker, either online through sportsbooks or offline at retail outlets. Meanwhile, the lay bet can only be made on a sports betting exchange.
Arbitrage Betting and Its Origins
The term arbitrage betting is borrowed from the world of financial trading. Bettors engage in arbing because they cannot lose, even if the profit margin is small. An arbing calculator can help you determine how much you need to bet to guarantee a profit.
Although there are no laws against arb betting, bookmakers do not take kindly to arb bettors. Any bettor who wins often has their gambling activities monitored by the bookies. If you’re caught arbing, there will be consequences. Bettors can have their accounts with bookmakers restricted, such as limited maximum stakes, or even closed. Arbitrage betting may even lead to you being blacklisted, so you can never bet on some sportsbooks again.
Popular Sports for Arb Betting
Arbing can be done on any sport of your choice, but the more niche or obscure the event that you back and lay outcomes on, the more it will stand out to the bookies. It makes more sense, then, to keep arbitrage betting to the most popular gambling sports like soccer and horse racing. These two more than any other attract huge volumes of bets worldwide, because of their global appeal.
Soccer has many different markets, but margins for guaranteed profit through arb betting are small. On the other hand, horse racing has more runners and potential results, which makes it more suitable for arbing.
Tools to Aid in Arb Betting
To help spot opportunities for arb betting, software is available to crawl fixed-odds sportsbooks and betting exchanges. These tools identify where arbing is possible and are completely safe and legal to use.
Successful Arb Betting Tips
Here are some tips for successful arb betting:
– Place your back arbing wagers in betting shops to maintain anonymity
– Avoid large stakes as they look suspicious to bookmakers
– Use multiple betting accounts to obscure your activities
– Place “mug bets” to make it look like you’re a naive bettor
It’s important to remember that while arbing is a win-win situation for bettors, bookmakers may close your account if they discover what you’re doing. The key to successful arb betting is locating margins between backing and laying the same outcome in a sports event. Although the margins may be modest, the lure of guaranteed profits is very attractive.
In conclusion, arb betting involves finding opportunities to place bets on all possible outcomes of a sports event to guarantee a profit. While it’s legal, bookmakers don’t like it because it cuts into their profits. By following the tips mentioned above and using available tools, you can increase your chances of success in arb betting. However, always remember that bookmakers may close your account if they discover your arbing activities, so proceed with caution and discretion.
