Topic: Sports betting arbitrage (Read 576 times)

So it's legal right because Im using different broker just play with the odd only or I missing something here


Thanks for the link Im gonna check it out, some dude says its highly profitable tho Im gonna check it out first with small money maybe before go all in and beat the market or be beaten by the market hahahah thanks everyone

You can check this article if you wish to learn more about some types of betting: Arbitrage, Match & Value Betting Explained - https://www.gosubetting.com/blog/betting-guides/arbitrage-match-value-betting-explained/

You need to have as many accounts as possible... it's important to have accounts in casinos that use different bookies, it's how you find that difference in odds. If you have accounts in casinos that use the same bookies the odds will be the same.

I think there are videos about it, but if you wish to get more involved in this you need some specialized services:



This is from the article shared above. There are other interesting and useful articles on the site.

Yes, though be warned that casinos regularly check for behaviors relating to fraud and arbitrage so it's hard to really achieve this in this day and age unless you have friends whom you can trust holding your money and placing bets for you. There are tons of videos on YouTube explaining how arbitrage can be achieved, although since those instructions/tutorials are out in the open, pretty sure the casinos already know how to spot possible arbitrage bettors.

I never know it so yeah I think this not very popular tho but not popular doesn't mean this is less profitable it can be huge profitable just like trade was in my opinion


So basically I need two accounts with funded accounts to do sports arbitrate. I really curious about this is there any tutorial video about it?

Although arbitrage profits with a very small margin which requires large amounts of money, it's still profitable if your capital is large enough and your volume is high enough.


No, that doesn't how it works. Because of the inefficiences of the odds from different sports-betting sites, an arber will merely bet on one team, then bet against himself with the other team. The discrepancy of the odds from those two different sports-betting sites will assure the arber some profit.

Suppose that you have placed a bet on the side which has high odds. Don't you still lose the money if the side with high odds loses.
You can get good profit only in case you win that round with high odds. Could you explain with an example ?

I generally frown upon this as it exploits the casino for your profit. Like dude there is literally a reason why you'd play these games knowing fully-well that you'd lose. Taking the risk out of the equation just gives you the profit and if you're not really gambling for the risk or the entertainment thereof then what the heck are you gambling for in the first place?

If you say you're gambling for the profit then that's one way to start ruining yourself. Arbitrage isn't going to work 100% of the time and when that happens what are you gonna do? Of course, you place another bet. And you do that over and over again until you lose all your shit and marbles that you become addicted to gambling. Way to go champ. And if it does work, does it really feel nice knowing that once you get caught, especially if you're someone with a good standing and relationship with the casino you're playing with, you'd get banned? I've seen people's accounts be banned for arbitrage gambling and you're posting stuff like this specifically in the very place where most casinos actively interact with their customers, good luck with that.

I don't wanna sound like I'm the morally superior guy in the room but this just grinds my gears, what a huge waste of money, time, and effort when you could've just looked into other profitable ways to earn money and not risk your shit getting banned.

I didn’t try doing arbitrage before for many reasons, one of them is facing issues with sporbooks and casinos after receiving the winnings on your account, you will definitely face an issue to withdraw the money unless if you are betting with a very low capital.
Sportbooks suspects always the accounts with huge bets because simply to apply an arbitrage strategy you will need to bet high to win the small odds and advantage.

Only on bitcointalk we have many cases about users trying to withdraw their winnings using arbitrage strategies but the casinos are forbidding them with different reasons, asking for their documents and sometimes banning them from betting again.
Nowadays, it’s very hard to find opportunities with casinos and sportbooks applying rules against arbitrage.

High discrepancy on the odds can appear when the sportbooks try to do what is called balancing the books, what this means is that one side of the bet has received massive support by the fans and if the underdog were to win they will lose money, and this is no good as casinos must win in every single bet they offer regardless of the result, so they offer way better odds to that side of the bet to encourage gamblers to make a bet on that direction, that is when an arbitrage bet can be made, in which you put yourself in a position similar to a casino and regardless of who wins you profit from the bets you made.

It is not impossible, you have to find two sites that got some spread between their opposite margins, however nowadays that is nearly impossible, firstly because the sites, at least the major ones, do monitor what is going on in other sites, and it creates a network that eliminates the arbitrage for the external users. It could only be on very specific situations on minoritarian sites and peculiar bets.

How is it even profitable because the odds won't have high discrepancies as far as I know.
Besides that, we eventually have to place the bet and win in-order to gain that extra % of amount.
If we lose the bet then we will be losing everything anyway.

Arbitrage in sports betting is not very popular and not all gamblers will be able to understand and understand this betting method and indeed the most popular thing about Artbit is in the world of trading because this method is quite effective in generating profits when there is new asset launched in the market or trading platform.

If done correctly, arbitrage can be quite profitable because you only need to use several gambling sites with different odds and of course there will be more bets and more capital.
Most of those who use this method are experienced gamblers because they want to increase their chances of winning.
If we can properly understand Arbitrage betting then the opportunity to make money can be more guaranteed and of course losses will be smaller.
It just that not all gamblers like this method, the reason is because they have to use more money.

To be honest I never know about sport betting arbitrage I mean it is possible and how the thing is works? But I know artbit trade on exchange like you buy low in a exchange and sell high on b exchange it is same like that


Yo do it for 2 years meaning is highly profitable for you right? What Sites do you use for it just curious

Is like this topic is becoming a regular on the gambling board and I think I seen a few of this particular type of thread talking about arbitrage betting and it's getting to look really absurd whenever I see this topic. But am curious about one thing though which is about the legality of this particular arbitrage betting because I have come to the understanding that this is exactly welcome by many betting site and I believe if you are caught your winning will be confiscated and account even restricted.

One shouldn't be afraid of the bookies or what they would do if they are doing everything within the rules and by following the terms and conditions of the platform. One should only be worried if they are doing something wrong like using wrong money or going against the rules and stuff. A gambler should only use the most reputable platforms for their gambling activities, especially if they are involved in sports betting so that they don't need to worry about such things.

When you are gambling with a reputable bookie, you wouldn't need to be worried about your account getting banned and stuff if you are doing things in the right way and winning in a legit way unless they find you cheating or having a pattern that indicates that you are winning in a suspicious way.

OP, read this blog, https://overunderdc.com/f/betting-exchanges-vs-sportsbooks-pros-and-cons

That describes the difference between a centralized sports-betting company, and sports-betting exchange which is peer to peer. The one you described in your original post is a betting exchange. A sports-betting company has its own capital at stake playing against the sports-bettors' capital.

It also describes the pros and cons of each.

That's understandable because you will never know what the bookie will do to your account once you hit big time.
Better be cautious on this type of strategy, because you may use the same provider and you have kyc in their respective sites.
It may be not too hard if the money involved is only small but if you are talking about significant amount, better be careful about it.

I am just confused about it as how it is possible that we do not lose money in arbitrage betting where we bet in both sides of the game. If we bet on both teams, we will definitely lose one of those bets and if the wining bet has an odd of 1.5 , we will be in a loss. Wouldn't we ?

Lets suppose, i bet 100$ on Team A and 100$ on Team B with odds of 1.5. Total Investment is 200$.

Now Team B loses and i lost 100$. Team A wons and I won 150$. So at the end of the day, i got 150$ and lost 50$ in this process  



Once i understand how Sports betting arbitrage is profitable, then for sure we can make accounts on different betting sites and then places one bet at each site and in this way, the betting agent won't be able to caught us.

From what I can recall on my gambling sessions, I don't remember ever doing that thing because I've sort of had this scary feeling in me that if I ever do this and slip up that I might have my account banned which isn't a fun thing to do because I'll have to be hassled again with the registration. I do know some people that does this and I can't be bothered to learn how to do it safely, seems like a really good way to make money but I'm already risking my money with gambling, might as well take it slowly with the gambling and just do it the old fashioned way which is losing a lot of money and getting frustrated    .

You should probably not do Sports betting arbitrage as that can easily be seen as breaking the terms and conditions of your online casino account. A lot of casinos warn against doing arbitrage explicitly! You might get caught and you account as well as your funds would get frozen. You might have a really hard time to get your account back, if at all possible. And getting your funds back will not be easy, either. There will be lots of hoops for you to jump through, for a long time. I have heard stories of such things taking months to clear up.

I have no idea why it bothers bookmakers.

Very correct because I have a friend who have been making it large on this arbitrage betting and he didn't disclose it to anyone and the funny thing is that he has multiple accounts on different gambling sites and sometimes he even pays people to actually create account for him so that he can make use of their account for his arbitrage betting because all his account has been voided because the companies discover his style and knew it's cheating but still at that he still doesn't relent and the money he uses to stake the bets are widely crazy and he does it as you stated to actually have some tangible returns for staking on both option.

Yes I don't think you will make huge profits by chasing sure bets on xfun.bet if it's what you mean by arbitrage. It's nice to meet someone offering lay bets there though. Are you making profits with that up to now? Unfortunately it doesn't seem to have many back bettors there to take the offers.  

In arbitrage betting you don't loss money because you have bets in both side. Winning or losing does not matter for you. But in arbitrage betting your return is low that's why you need to stake high so that return percentage increases.

You have to consider that if you are get caught by the provider then your bets will be voided and in some cases you will only given the deposits you made. Your account will be restricted too because gambling companies do not like arbitrage betting.

At first I thought you wanted to define "Sport Arbitrage" but  you digressed. Well that is not withstanding. We have discussed topics like before. Arbitrage betting is always good with sport and with football. In football you can place different odds. And as for the risk involved in sport arbitration is higher because if you loss all the games, you go home with empty hands. And also it is difficult to win all but it is easy to loss all. So I don't really advise people to play sport arbitrage.

I have been arbitraging for over 2 years now. I only use regulated sites that are available in my state.

You can learn about risks here https://positivebetting.com/blog/f/dangers-of-arbitrage-sports-betting

Not for me. Parlays can have more risk of failure because players target higher odds with many match options.
Single bets are better than parlays even though the odds offered are smaller but the chance of winning is greater.
If the parlay only has less than 5 match options, the chance of winning is greater, although you don't necessarily win 100% or get paid in full.

A good choice if you do 2 games on a parlay. But single bets aren't bad if you do either.

I don't find the Sports betting arbitrage strategy to be a profitable one. Even if it is profitable at some odd times, still you need a lot of research and should have an account on many betting sites to fully take advantage of it. Also, luck will still play a part, else without luck you can still make no money at all through Sports betting arbitrage.

Just like Martingale's strategy is a complete failure, similarly we can say the same thing about the Sports betting arbitrage strategy. If it was so effective why wouldn't everyone use this technique and earn consistent income 

Parlay offers a cashout feature which will be helpful to secure profit on higher odds. Sometimes parlay is good compared to straight bets since it boos the odds significantly while you can have the cashout feature in case most of your bets resulted to win while you are already satisfied on your current cashout profit. You can have more profit on parlays than straight bet with same result but of course this involves more risk though.

I’m not a frequent sports bettor but I always do 2 match parlay instead of single bets using small amount to have a boost on my odds given that I’m confident on my bet result.

Have been running away from parlay betting for a long time. Parlay is not an optimistic type of bet but a bet that often fails. In 10 choices, 9 wins and 1 loses so the result is 0.

If there are 10 choices, that's still not enough, but if there are 20 to 30 choices in one betting list, it is no longer optimistic but lustful with the multiplication of odds.
Expecting to get rich because of multiplying big odds with a small bet amount but lots of choices is a dream.
Betting on the single bet type is more realistic even though the odds multiplication is small. If you want a lot, place a big bet so that if you win you will be satisfied with the results. Right?

I have not tried this before since I am always busy and don't have time to turn other style of betting.
Maybe with time I could try and see how I could bet using this pattern so that I can make some profits if possible.
Gambling is changing everyday and people keep strategizing and using new means to make profits for themselves which is cool to think of it. Using this pattern, i don't know if the chance if winning could be higher that the chances of losing.

I can't speak against your example, but simply, I assume that sports-betting companies should be keeping their "order-books" balanced to have enough money from one side to pay for the winning side. I believe they are forced to take action. But let's ask the admins in some of the most popular betting companies in BitcoinTalk.


As I understand sports betting, the arbitrageur's profits are constant and certain, as you wrote, but they do not reduce the casino's profits but, for example, reduce the winnings of those betting on X by $1,000, increase the winnings of those betting on Y by 990$ and they get $10 out of it for themselves.