Why Punters Should Do Arbitrage Betting?
Would you ever miss the amazing chance of making more profits while sports betting? No? We thought so too!
The major reason why we would recommend arbing to any proficient punter out there is to make the most out of their bankroll.
There are dedicated teams who work for the sportsbooks in order to come up with the odds of a particular event. And as you already know, odds play a crucial role in this type of betting. Here, the professionals end up researching hour-long footage from the games to make the odds.
Therefore, if you have done your research well and like challenges posed by your favourite sportsbooks, you should definitely give arb betting a try. With your own research and luck, you will have the odds in your favour!
Additionally, if you are looking for a way to make long-term profits through betting, arbitrage betting is perfect for you! The profits you make from every game are minimal, but it can add up to be a consistent source of entertainment for you in the long run. This is why punters should definitely start arbing, if they understand the odds of a game very well.
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Maximize Your Advantages with Arbitrage Betting
Betting is all about luck. But even though, there are certain aspects that you can take control of before placing your arb bets in order to make the most profits. Here are some of the ways you can maximize your advantages with arbitrage betting.
Research
Yes, research is definitely time-consuming and tedious if you don’t like to do a lot of reading. Nonetheless, if you are to make the best out of every arb bet you place, you have to do your research thoroughly.
We know that betting is all about enjoying and risking your money, to either lose or win. However, the chances of losing increases by a great deal when you are not making informed decisions while arbing.
This is why if your preferred sport for arbitrage betting is football, you should take a good amount of time to know all there is to know about football. This will not only make you more knowledgeable about a sport that is always popular, but it will also make your chances of winning a lot greater.
Betting Calculator Software
Even though arbitrage betting doesn’t require you to have advanced mathematical knowledge, it does, however, entail a bit of calculation. So, if you are not a fan of solving mathematical equations, we would suggest you take help from a betting calculator software.
The software will be able to do all the necessary calculations for you and you will not have to worry about doing it yourself. All you have to do is just type in the numbers and wait for the results to pop up on your screen within a second or two.
Weather Conditions
Weather conditions can affect the outcomes of a game extensively. This is extremely crucial for games which happen outdoors like football and cricket.
For this, we would recommend you to do thorough research on every aspect of the game you are planning to bet on. You have to take into account how the players in the team react to the sudden changes in the weather. Be it windy, rainy or sunny.
You should also look into how they play during day and night time. Once you have done your research in this area thoroughly, you will not face any issues while placing the bets. You may even end up knowing a lot more about the game and its players than the bookmakers.
Betting Exchanges
Although it comes with the disadvantage of having to pay a certain amount of commission, betting exchanges can still be very helpful. It eliminates the need for you to manually look up the bets yourself as you can place the bets under the same online bookmaker.
It also decreases your chances of being banned by a certain bookmaker, in case they do not allow arbitrage betting on their website. Therefore, betting exchanges can be the perfect platform for you to try out arb betting.
If you can keep all of these aspects in check, you will for sure be able to boost up your chances of making more profits with your bets.
Arbitrage betting example
Let us take a football game for example. We have 2.00 odds for Barcelona and 2.10 odds for Real Madrid.
The Individual Arbitrage Percentage for Barcelona is 50 and for Real Madrid, it’s 47.62. What this means is that now, the Total Arbitrage Percentage is 97.62.
Now, in order for us to make a profit from arbing, we need to use this formula – (Total Budget x Individual Arbitrage Percentage)/Total Arbitrage Percentage.
Say your budget is ₹10,000. So for Barcelona, you end up wagering (10,000×50)/97.62, ₹5,122. As for Real Madrid, you wager (₹10,000×47.62)/ ₹976 = ₹4,878.
Applying the formula, a punter can have a potential win of (₹5,122×2.00) = ₹10,244 in case Barcelona wins. For Real Madrid punter can win (₹4878×2.10) = ₹10,243.
You may use this formula to find out the wins for the next time you want to place arb bets.
Pros
The pros of arbing are countless. These are the top 3 pros of arbitrage betting:
- Consistent Profits
If you know the basic rules of arbing or are familiar with how it works, then you already know that you never really lose any money once you have made your arb bets. Since the disparities between the odds are not very large, you actually end up winning either way, no matter which team wins. - Uncommon
How often does this unique opportunity of placing arb bets come to a punter? The answer is ‘Not very often’. Not to mention, not everyone is comfortable making this kind of bet.
So if you are a proficient punter and want to try out this unique betting method to test your luck, we would definitely ask you to go for it! - No Advanced Mathematics Required
Perhaps one of the greatest perks of arbitrage betting is that you do not have to be a math god to place your bets. So even if you aren’t good with advanced math, which is generally necessary for most bets, you do not have to worry about placing bets! All you have to do is look at the odds differences for arbing.
Cons
Every betting strategy comes with its own set of downsides. Here are three cons to arbing:
- Speed
One of the biggest disadvantages of arbing is that you have to be quick enough to make the trades. This is because in order to keep their competitors in check, bookmakers frequently monitor them.
So before they correct themselves, you have to get done with the trades to make profits from the arb. - Fewer Opportunities
It is difficult to be able to place arbing bets on events. Firstly because almost 95% of the bookmakers don’t allow it. Why you ask?
It’s because it lowers their chances of making money. This is why only the luckiest ones get to arb without getting caught or banned from gambling sites. - Marginalized Profits
This is the core idea of arbitrage betting. You have to end up investing quite a lot of money to make minimal amounts of profit once the results are out. On the brighter side, you do not end up losing any money.
Odds
Odds play a huge role when it comes to arbitrage betting. The odds and potential profits of arbitrage betting go hand in hand as the greater the odds, the greater the profits of the outcome.
This is why it is suggested that you have a good grasp of the concept of odds before arbing. It is also advised that you have a good knowledge of decimal odds since it is more commonly used in this type of betting.
Arbitrage Betting Offers and Promotions
No matter which bookmaker you decide to join, you are very much likely to receive free bets and bonuses. Most of these promotions include welcome bonuses where you can even get up to a whopping ₹10,000 before you even make your first bet.
These offers and promotions also apply to arbitrage betting where punters can sometimes end up winning free bets and deposit welcome bonuses ranging between ₹3,000 and ₹20,000.
- Very good betting odds, especially in football
- Multi-view in the live centre
- Virtual sports and casino on offer
- Very good betting odds, especially in football
- Multi-view in the live centre
- Virtual sports and casino on offer
What Are The Alternatives To Arbitrage Betting?
If arbitrage betting isn’t cutting it for you, you can try other similar betting methods like matched betting, Each Way betting and Value betting. Matched betting, for example, is a good way to make profits while taking the benefit of free bets offered by a sportsbook.
Each Way bets on the other hand require you to make a two-part bet. The first part comprises of a win bet, while the second part consists of a place bet. Each Way Betting is very popular in horse racing.
FAQ
Here are some of the questions that punters have asked frequently for arbitrage betting. In case you were looking for precise answers to the following questions, look no further because we have got you covered!
How do I place an arbitrage bet? In order to place an arbitrage bet, all you have to do is place opposing bets at two separate bookmakers. A good example could be a football match between Brazil and Argentina, where you place bets on both. That way, no matter which team loses, you still end up making profits from the bets you have placed.
Is it possible to make multi bets? Punters can place multiple bets in games. For instance, if they have a two selection multiple bet on their bet slip, it will be called a double. The same goes for bet slips containing 3 selections, which is called a treble. System bets, for example, require you to make a minimum of 3 selections before you place a bet.
And as you have already figured out at first glance, arbitrage betting itself is a multi-bet. Meaning that you may as well just make as many bets as you want to through this kind of betting method.
Can I cash out a ‘still to be settled’ bet? Still to be settled bets can generally be cashed out during live betting. If you have placed your bets in a live betting platform, you will be able to cash it out before the bet gets settled.
However, in case you have not made a bet for teams during live betting, you will have to wait for the results in order to cash out the money.
Besides, Indian bookmakers usually do not allow punters to draw out cash for unsettled bets.
Can I use my mobile for arbitrage betting? Most renowned gambling websites now have apps. So if you are gambling using one of the popular websites, you will be able to download the app on your phone and make an arbitrage betting.
This means that you can place bets from your iOS or Android phone without having to start your laptop or computer. If a bookmaker does not offer an app, you can still opt-in through your mobile browser and enjoy arbitrage betting.
Should I expect to win every bet I make? Despite having approached a bet with the sharpest of strategies, people still end up losing money. This is why gambling is called a game of pure luck. You may have the odds in your favour during the first half of the game but be prepared because you might see the tables turn in the second half.
How long time will it take, before my deposit is received by the betting site? Deposits made at UPI online bookies are instantly completed.
How long time will it take, before my withdrawal is received from the betting site? UPI withdrawals are slower than deposits but should be completed after approval.
Responsible Gambling
It is possible to get carried away while gambling, like it is with most recreational activities. This is why punters should gamble responsibly by sticking to their investment of budget and time. It is also essential to remember to take frequent breaks in between events to ensure proper work-life balance.
In case you are not having any luck while playing, make sure to not exceed your budget in hopes of winning more when the next bet is placed.
Recap of Arbitrage Betting
It is no news that online betting is very popular among Indian punters. Being one of the most reliable bets there is in the gambling industry, arb betting is perfect for players who want to win, no matter how big or small the profit is.
What’s more, arbitrage betting isn’t illegal in any way. It may look like it because you win despite the consequences of the results, but we can assure you that it is not. Perhaps the only downside of this sort of betting is that bookmakers are not too fond of it. Mostly because they lose potential earnings when players place arb bets.
This is why exchange betting can work swimmingly well for you to avert being banned by bookmakers.
So, if you have pockets to dig deep in, you should definitely give this type of betting a try. The profits may be minimal, but if you are truly consistent, you can have a steady amount of money by placing bets in no time! And, how can we forget the enjoyment that comes with arbitrage betting?