{"id":1577,"date":"2022-11-11T14:18:59","date_gmt":"2022-11-11T13:18:59","guid":{"rendered":"https:\/\/bestbettingcasinos.com\/ce\/guides\/arbitrage-betting-sure-bets\/"},"modified":"2022-11-11T14:18:59","modified_gmt":"2022-11-11T13:18:59","slug":"arbitrage-betting-sure-bets","status":"publish","type":"post","link":"https:\/\/bestbettingcasinos.com\/ce\/guides\/arbitrage-betting-sure-bets\/","title":{"rendered":"Arbitrage Betting & Sure Bets – A Complete Guide on How to use this sports betting strategy"},"content":{"rendered":"
If you\u2019ve already heard about arbitrage betting<\/strong>, you might think that it\u2019s too good to be true. But this sports betting strategy<\/a>, whose name is borrowed from the world of finance, really does work.<\/p>\n The idea is to play bookmakers off against each other, creating a situation where you make a guaranteed profit. It\u2019s perfectly legal, but it\u2019s definitely not a \u201cget rich quick\u201d scheme. We\u2019re here to explain the mathematics behind arbs, as well as offering advice on how to find these \u201csure bets\u201d.<\/p>\n Although arbing is a very real thing, there are certainly a few things which can go wrong. But if you follow the tips in our guide to arbitrage betting, you can avoid these common pitfalls and make money. So stick around and get ready to learn all you need to know about sports arbitrage.<\/p>\n Before we dive into the details of how arbing works, let\u2019s first reveal our favorite Canadian sportsbooks<\/a> for arbitrage betting.<\/p>\n The following Canadian bookmakers have each been scrutinized by our expert panel of industry stalwarts. They assess dozens of criteria, including the number of markets available, the size of the odds and the payment methods on offer. Crucially, all of these sports betting sites are legal and fully licensed.<\/p>\n\n In short, arbitrage betting is a way to make profit on a sporting fixture, regardless of what happens in the game. You may immediately recall the old adage that if something is too good to be true, then it probably is. But arbing is a very real thing and we\u2019ll explain how it works shortly.<\/p>\n The word \u201carbitrage\u201d is actually a trading term borrowed from the world of finance. It refers to a trade which exploits a discrepancy in price to both buy and sell at a certain profit. But thanks to the many different bookmakers out there, not to mention betting exchanges, such situations can also occur in sports betting.<\/p>\n At its core, arbing involves exploiting the difference of opinion between bookies regarding the probability of something happening. By betting on all eventualities with multiple sportsbooks, it can be possible to make a guaranteed profit.<\/p>\n A single arb might not return a huge figure. But if you are able to successfully pinch one or two percentage points consistently, it will become a long-term money maker. That\u2019s not to say things can\u2019t go wrong, however. We\u2019ll discuss the potential risks later in our arbitrage betting guide.<\/p>\n <\/p>\n Before we can understand exactly how arbitrage betting works, we need to learn the fundamentals of bookmaking. Let\u2019s take a very simple example to illustrate things. Imagine a tennis match between Madison Keys and Simona Halep. Let\u2019s say the line at iBet Sportsbook<\/a> looks like this:<\/p>\n Keys: -110<\/em><\/strong><\/p>\n Halep: -110<\/em><\/strong><\/p>\n The sportsbook is telling us that both results are equally possible. But due to the built in edge, known as the \u201cvig\u201d or the \u201cjuice\u201d, this market is said to be \u201cover round\u201d. With odds of -110, the implied probability is 52.40%. If both outcomes have the same probability, that adds up to 104.80%, meaning that the bookmaker\u2019s margin on this line is 4.80%.<\/p>\n Imagine you placed an equally-sized bet on both sides of the market. Due to the vig, you\u2019d certainly lose. Let\u2019s say that Keys wins the match:<\/p>\n C$100 on Keys @ -110 = WIN (+C$90.91)<\/em><\/strong><\/p>\nBest Canadian Betting Sites for Arbitrage Betting – Our &q000000202431;2024&q000000202431; Recommendations<\/h2>\n
What is Arbitrage Betting?<\/h2>\n
How Does Arbitrage Betting Actually Work?<\/h2>\n
Betting On Both<\/h3>\n