Arbitrage Betting Strategy Guide

Date IconLast Updated: 2022 Sep 28
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Arbitrage Betting Strategy Guide

Imagine betting on tennis online and knowing that you are guaranteed to earn a profit regardless of who wins. It sounds too good to be true, but it is actually a pretty common practice called arbitrage betting.

“Arbing” has helped a number of savvy punters beat the bookmakers by removing the risk from gambling, ensuring that every angle is covered and promising a guaranteed profit whatever the outcome.

How Does Arbitrage Betting Work?

Dozens of the best betting sites are vying for your business, and they will offer slightly different odds on the same sporting event. In some instances, you can exploit these differences to lock in a profit regardless of the result.

First you need to find a bookmaker that is offering odds that are above the market average on a particular player winning a match. Then you have to find a rival bookmaker that is offering above average odds on his opponent winning that match. It is often possible to bet on both players to win the match and be assured of a profit either way.

How Is Arbitrage Betting Possible?

These discrepancies can occur for a number of reasons. A bookmaker might offer above average odds to stand out from the crowd and attract new customers. It might be slow to react to a shift in the market, or a trader could have simply made a mistake.

For anyone wondering what is arbitrage betting, the easiest way to explain it is with a basic example:

  • Let’s say that Bookmaker A is offering odds of 1.30 on Novak Djokovic to beat Nick Kyrgios and 3.93 on a Kyrgios win, while Bookmaker B is offering 1.44 on Djokovic and 2.90 on Kyrgios.
  • If you bet £55 on Kyrgios to win at 3.93 with Bookmaker A, and £145 on Djokovic to win at 1.44 with Bookmaker B, you are guaranteed a profit regardless of who wins.
  • If Kyrgios wins you will gain a return of £216.15 and if Djokovic wins your return will be £208.80, both of which are higher than your £200 total stake.

The Advantages of Arbitrage Betting

For anyone interested in online sports betting, arbitrage betting really is the Holy Grail. It promises risk-free returns and guarantees you a profit. You just have to be alert enough to identify discrepancies between different bookmakers’ odds and display the necessary speed and agility to get your bets on quickly. You need to keep an eye on betting exchanges, and you should also take advantage of sign-up bonuses.

The downside is that it can be time consuming, as you have to compare a huge number of odds before you find an arbing opportunity. The margin you earn is quite low, so you need to invest large sums in order to make small profits. However, if you are diligent you can make a healthy profit over a prolonged period of time.

Cross-Market Arbitrage

Cross-market arbing significantly increases the number of potential opportunities for you to lock in a guaranteed profit. An example is betting on Arsenal to beat Liverpool with one bookmaker, and betting on Liverpool-draw double chance with a rival bookie. If you can find a large enough variance in the odds, you will ensure a return regardless of the final result.

Alternatively, you could mix match goals and the clean sheet market when plotting your live arbitrage betting strategy on football betting. If you back the home team to score more than 0.5 goals, and the away team to keep a clean sheet, both at odds in excess of evens, you are guaranteed a profit.

Cross-market arbs are often less obvious to bookmakers than traditional arbs, so they often remain live for longer. For anyone interested in sports spread betting, arbitrage is also possible, as you can play rival sites off against one another.

Is Arbitrage Betting Legal?

Arbitrage betting is perfectly legal, but the vast majority of bookmakers hate arbing and they take steps to combat it. It is a risk-free way to gamble profitably, and savvy arbers could take bookmakers to the cleaners if they did not fight back. They are entitled to shut your account down or limit it at their discretion, and they will not hesitate to do so if they notice patterns that suggest you are arbing.

A handful of betting sites welcome arbers, as they are confident in their traders, but most will clamp down on it. They are not allowed to confiscate your winnings and they must honour bets that have already been placed, but you risk a lifetime ban by arbing.

Some punters are able to fly under the radar by keeping bet stakes down, betting on unusual arbs and on less popular sports, spreading themselves across a huge range of bookmakers and teaming up with friends for arbing purposes.

Applying Arbitrage Betting Online

You can use odds comparison sites to find the best prices on various sporting events and identify potential arbs. You must then set up accounts with a wide range of online betting sites and be prepared to move quickly when you spot an opportunity.

It is possibly easier to fly under the radar when arbing in betting shops, as you do not need to provide any ID, but you can work a lot quicker online and you have many more bookmakers to choose from.

The best place to find odds that differ from the market average is an exchange like Betfair. Exchanges have no problem with arbing, as they simply allow visitors to bet against one another and charge a small commission fee on every wager placed. Examine the markets available at Betfair Sports and you are likely to spot some intriguing opportunities for arbitrage betting, allowing you to delve into this fascinating world.

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    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    17
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Monster Casino Sportsbook is the new sports betting offering from this long established casino brand, with a small but select selection of sports to bet on.
  31. 40
    Stake.com Betting
    Established 2017
    More Details
    Betting Partner of UFC, Everton, & Watford FC
    Vast range of sports and markets on offer
    UEFA Champions League and More Live Streaming
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    100
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    38
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    The world's leading crypto sports betting site - Buy and bet with 19 different cryptocurrencies.
  32. 41
    Nine Sports
    Established 2021
    More Details
    Licensed Bookie With Top-Tier Security Protocol
    Tournaments for New and Returning Bettors
    Prompt Payouts Across All Payment Methods
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    16
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    NineCasinos Sportsbook is a fairly new bookmaker that covers dozens of betting markets and various sports events. It allows live sports betting, and offers a generous prize for sports tournaments.
  33. 42
    BetItOn Sportsbook
    Established 2020
    More Details
    Rising Star Operator of the Year' 2021
    Single or Acca Bets Cashout
    ‘BoostItOn’ Accumulator Boosts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    12
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    BetItOn have ex-Liverpool striker and Champions League winner Djibril Cissé as their brand ambassador and resident football expert
  34. Mega Win When Bettors Combine Selections
    Comprehensive Collection of Sports, Including Esports
    Esports Video Streams
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    18
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Neo.Bet is a sportsbook that attracts users with its competitive odds and unique features. Personal bet configurator is one of them. The platform runs smoothly on devices with screens of all sizes.
  35. 44
    Parimatch Sports
    Established 1994
    More Details
    Big Selection of Live Betting Markets
    Clean Interface
    Dual Sportsbook & Casino Platform
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    23
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Casino players are not the only ones spoilt for choice with Parimatch, sports lovers are too. The betting platform features competitive odds on a big selection of sports.
  36. 45
    mr.play Sports
    Established 2017
    More Details
    Dual Sportsbook & Casino Platform
    Distinctive ‘Moustache’ Branding
    ‘PlayBoost’ Accumulator Boosts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    32
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Mr.Play Sports has a fun style of its very own, with a memorable handlebar 'tache wherever you look, but it boasts a serious amount of betting markets, plus Premier League & 'Euro Elite' betting battle tournaments.
  37. 46
    Sportaza Sports
    Established 2021
    More Details
    96% Payout Rate On Top Leagues
    Bitcoin And Other Crypto Payments Available
    Higher Odds Than Other Betting Site Options
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    30
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    -
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Unlike other betting companies, Sportaza appeals to a new generation of customer by gamifying its offering. This means every week, the online bookmaker will host challenges and tournaments where bettors earn points to improve their VIP rank.
  38. 47
    Spinzwin Sport
    Established 2017
    More Details
    Abundance of sports betting markets
    Licensed by UKGC and MGA
    Availability of partial cashouts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    21
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    SpinzWin definitely knows how to cut through the noise. The site’s operator has been in business for over a decade, which says a lot.
  39. 48
    Palm Slots Sports
    Established 2022
    More Details
    Crypto-Friendly - Including Bitcoin
    Integrated Casino Wallet
    Leading Esports Betting Provider
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    PALMBET100
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    21
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    A new sportsbook to Canada, PalmSlots is operated by NewEra B.V, a trusted brand responsible for Pribet, Cashalot, and FaroUK.
  40. 49
    Mr Mega Sports
    Established 2021
    More Details
    Accumulator Boosts of up to 77%
    Extensive Range of Football Markets
    Dual Sportsbook & Casino Platform
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    15
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    8
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Mr Mega Sports boasts an impressive and easy to use online betting interface, with markets on all major sports and events, plus a wide range of Esports betting markets.
  41. 50
    Betway Sports
    Established 2006
    More Details
    Esports Operator of the Year' 2019
    Rewarding Parlay Club
    Exclusive Esports Club
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    28
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Betway was founded back in 2006, making it one of the experienced brands in the market today. Aside from having a massive selection of sports, the brand excels with esports betting odds.