Arbitrary Sports Betting

A popular area of discussion in the online sports betting world is arbitrary betting. That is, is it possible to manipulate the different markets and bookies in order to guarantee yourself profits regardless of the outcome.

Arbitrary betting occur when you use the different fixed odds markets offered by separate bookies, to place bets on the outcome of events that guarantees you a small profit whatever the outcome. Generally speaking, arbitrary betting is not the easiest thing to master, however any smart online bettor with enough time and dedication on his hands should be able to find the trick to doing this.

In order to successfully arbitrar the markets, you’ll need to find a situation where the laying odds are shorter than the covering odds. For example, laying a horse in a race 3.1, and covering it to win 3.8.

Let’s say that we wager £11 laying the horse (i.e. we are betting that the horse will not win the race, against the market), and £10 on the horse winning. Now, if the horse wins than I’ll make £38 – £34.1 = £3.9 profit. Likewise, if the horse loses then we’ll make £1 profit.

In that example, whatever happens in the race we will make a profit, and guaranteed to win. This procedure is also known as arbitrary betting or “trading”. In order to be successful, you need to be able to find the right sorts of odds in the same markets, specifically the laying odds have to be shorter than the cover odds – this is essential for any arbitrary betting. In addition, not all conventional sportsbooks allow you to lay teams or events, so I recommend choosing a sports betting exchange such as betfair which allows you to do this.

Another factor you have to take into account in arbitrary betting is that it works best in horse races or greyhound betting, where there are limited outcomes i.e. your pick wins or loses. It is not so great in football where the outcome can be either a win, loss or even draw. Put simply, the more outcomes, the less chance of squeezing a margin from the market and guaranteeing a profit.

Sports Betting Tips – Get All the Information You Can

There are many ways in which people place sporting bets, and many different strategies used in order to maximise their chances of winning. But the number one key strategy for maximising your chances of winning that all important bet is information. Having all the relevant information you can muster before placing your bet is all-important to ensuring you stand the best chance of winning big.

This is the same idea behind many other financial investments in life. If you’re buying a home or purchasing a car, you undertake some research in order to be sure you’re investing your money wisely. The exact same principle applies to betting.

It certainly helps if you know a lot about the sport you’re betting on. Nobody should be betting on a game of cricket if they don’t know the first thing about the game. But if you follow your local football team every week and know their strengths and weaknesses, you have a much more informed view of how they might fare in their next match than your average gambler.

Bookmakers and other big stakes gamblers exploit the ignorance of the average bettor. By doing your research, you stand a much better chance of winning. Trying to get that information is a slightly trickier proposition. If you want to know the horse racing form, then you buy the Racing Post. Unfortunately everyone does that, and you will only get information that anyone serious about betting on the horses already knows.

Often the best idea is to look into a small area of a sport, and become an expert in how that area operates and the various intricacies of the competition. You might focus on say, 20/20 cricket, and know the form of the various players, and whether a run chase is doable or not based on previous games on that particular pitch. Many successful gamblers have made their fortune just focusing on one specific area, and becoming all knowledgeable about it.

Another important tool to use is odds comparison websites. Now because of the Internet, it’s possible to check the various odds offered by all the major bookmakers on an event, and selecting whichever bookie is offering you the best value. A few examples of these sites are http://www.oddschecker.com and odds.bestbetting.com. These websites also allow you to gauge whether you’re getting a good deal by viewing the history of the odds. If you see what was long odds rapidly fall just before the event, you know that a lot of late money has gone on it. Obviously you can’t tell why this has happened, but it allows you to get an idea of what the rest of the betting public are thinking. Every piece of information you can gather counts.