The so-called arbitrage bets attract enormously the interest of all users. However, some bookmakers are not very in favor of this type of practice, and they tend to penalize users who resort to them.
Therefore, in this article we are going to explain what arbitrage bets consist of and whether it is advisable to apply them.
What is an arbitrage bet?
Arbitrage bets consist of betting on all possible outcomes of the same event. In the case of football, it would be betting on victory, draw and defeat, which would provide us with a fairly high possibility of winning, since we would be covering a large part of the possible options.
This strategy is possible thanks to the fact that different bookmakers usually offer different odds for the same event. It is these differences that allow us to apply this type of bets.
However, zero risk never exists since bookmakers can block the bet due to estimation error, an update of the odds can be given while we carry out the forecasts, abnormal circumstances may occur in the event such as injuries, cancellations, etc…
What sports are arbitrage bets placed on?
Although arbitrage bets are applicable to practically any sport, whether there is a tie or not, soccer is really the sporting event where they are most popular, since most bookmakers allow us to cover the 3 main options (win, draw and defeat) with only 2 bets. Also tennis is a very popular sport among bettors.
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Can you estimate the profit on an arbitrage bet?
It is possible to calculate an estimated profit from an arbitrage bet. The first way is to “do the math.” However, this method is a bit rudimentary and can be difficult when it comes to a large volume of bets.
In this case, we have arbitrage calculators, which by simply entering the odds and the amount of our bets provide us with the total payment and net benefits that we would get from that arbitrage bet, if we finally manage to win it since there are no guarantees for it.
In addition, it offers us the possibility of managing arbitrage bets of 2 and 3 events, as well as allowing the odds in decimals, fractional or in American format.
Is there an arbitrage software for sports betting?
If we are finally interested in moving to arbitrage betting but we have doubts about having to be the one who must calculate the possible benefits, there are many companies on the internet that offer software especially dedicated to arbitrage betting.
In this case, they will be paid services but they offer a free demo period so that we can see firsthand how they work and the results it offers us.
The advantage of this type of software is that it provides us with data on dozens of bookmakers, information that would represent a practically endless investment of time for us.
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Is it beneficial to place a bet on an arbitrage situation?
Arbitrage bets are one more option for users, such as system bets, singles or combined bets.
However, zero risk never exists and a prolonged study over time and great experience are required to establish certain guidelines that can be used in certain bookmakers to achieve continuous results, since many of them will not allow them or they could cancel your bets.