Arbitrage betting offers a strategic approach to secure guaranteed profits by exploiting differences in odds provided by various bookmakers. Those new to the concept can find actionable steps to begin benefiting from this method in a straightforward, practical guide.
By adhering to the information presented, individuals can not only generate profit but also gain a deeper grasp of the arbitrage betting process. This guidance focuses specifically on the intricacies of arbitrage betting within the United States.
Step 1: Find an Arbitrage Betting Tool
Using an arbitrage betting tool is one of the simplest ways to locate profitable betting opportunities. These tools can swiftly identify bets that guarantee returns regardless of the outcome of the event. For this purpose, you can utilize OddsShopper’s free arbitrage betting tool. This resource simplifies the process, making it accessible even for those new to arbitrage betting.
Step 2: Set Your Wager Amount and Select Your State
To begin, decide on the total wager you intend to place. Enter this amount in the designated field. For instance, if you plan to bet $100, input $100. You can choose any amount, either higher or lower. Following this, you need to choose your state. Locate the drop-down menu at the top right of the ‘Wager’ box next to the Arbitrage Bet Finder Tool title. Click the menu and pick your state from the options provided.
Step 3: Find an Arbitrage Bet
After selecting the state and the wager amount, a list of arbitrage betting opportunities will appear. The most profitable combinations are presented at the top.
If there’s nothing shown, it indicates no current opportunities. Check back in 10-20 minutes for updates as odds fluctuate frequently!
For instance, consider an EPL match between Brentford and Burnley. The arbitrage opportunity exists in the Total Cards market, yielding a profit of $3.19 on a $100 wager.
The specific bets and sportsbooks are listed on the right side. In this example:
- Over 5.5 Cards at odds of +280 on Fanduel with a bet of $27.16
- Under 5.5 Cards at odds of -240 on BetRivers with a bet of $72.84
These bets create the arbitrage opportunity, locking in a guaranteed profit.
Step 4: Place our Bets at each Sportsbook
Log into each sportsbook account. Locate the total cards markets for the Brentford vs. Burnley match. Place the bets according to the stake amounts provided by the betting tool.
To avoid detection by the sportsbook trading team, consider rounding the bet stakes to whole numbers. For instance, instead of placing a bet of $27.16, betting $27 or $25 can appear more casual. The same rounding should be applied to the Under 5.5 card bet stake.
To understand the impact of these adjustments on potential profits, utilize an arbitrage betting calculator.
How to Arbitrage Bet: Next Steps
After successfully completing an initial arbitrage bet, several paths are open for further exploration.
- Place More Bets: Utilize tools like OddsShopper to continue finding profitable opportunities.
- Expand Your Tools: Consider tools that cover a wider range of sportsbooks, such as the Oddsjam arbitrage betting tool.
- Live Arbitrage Betting: Explore live betting opportunities with tools like Oddspulse for real-time arbitrage opportunities.
Exploring these options allows for maximizing potential gains in various betting scenarios.
