What is Arbitrage Betting?
Arbitrage betting, also known as “arbing” or “sure betting,” is a betting approach that involves wagering on all possible outcomes of a sports event to guarantee a profit, regardless of the result. This is achievable when combined odds from various bookmakers present an opportunity to exploit discrepancies in their pricing. Intrigued? Let’s explore some examples!
Example 1: An NHL Showdown
Picture a classic NHL face-off between the Toronto Maple Leafs and the Montreal Canadiens. You find the following odds at two distinct Canadian bookmakers:
Bookmaker 1:
- Maple Leafs: 2.00
- Canadiens: 1.90
Bookmaker 2:
- Maple Leafs: 1.85
- Canadiens: 2.10
You can now bet on the Maple Leafs at Bookmaker A and the Canadiens at Bookmaker B, seizing an arbitrage opportunity. Here’s the breakdown:
- Wager $100 on the Maple Leafs at Bookmaker 1: Potential return = $200
- Wager $95.24 on the Canadiens at Bookmaker 2: Potential return = $200
Regardless of the outcome, you’ll secure $200, guaranteeing a $4.76 profit with an initial $195.24 investment.
Example 2: A CFL Classic
Consider a Canadian Football League match between the Calgary Stampeders and the Saskatchewan Roughriders. You discover the following odds at three distinct bookmakers:
Bookmaker A:
- Stampeders: 2.40
- Roughriders: 1.60
Bookmaker B:
- Stampeders: 2.20
- Roughriders: 1.80
In this case, you can bet on the Stampeders at Bookmaker A and the Roughriders at Bookmaker B, creating another arbitrage opportunity:
- Wager $100 on the Stampeders at BM A: Potential return = $240
- Wager $133.33 on the Roughriders at BM B: Potential return = $240
Again, regardless of the result, you’re assured a $6.67 profit with a $233.33 initial investment.
Tips for Successful Arbitrage Betting in Canada:
- Be Quick: Odds can shift rapidly, so act swiftly when spotting an arbitrage opportunity.
- Stay Organized: Monitor your bets and bookmaker accounts to maintain efficiency.
- Be Discreet: Some bookmakers may limit or close accounts suspected of arbitrage betting. Distribute bets across multiple bookmakers such as Betfair.
- Use an Arbitrage Betting Service: Services like RebelBetting or OddsMonkey can assist in finding arbitrage opportunities and streamlining the process.
Conclusion:
We’ve covered various facets of arbitrage betting in this article. To enhance your skills, we suggest exploring subreddits that provide valuable insights and connect you with fellow sports betting enthusiasts. Don’t miss our article, “5 Subreddits Every Sports Betting Enthusiast Should Follow”, which details these online
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