The sports arbitrage is the only way to guarantee that a certain bet to win. With sports arbitrage there is 100% safe bet that you place will provide benefit. In what way? We'll come to it.
Sports arbitrage introduction
Sport Betting
The sports arbitrage is the act of exploiting the difference in the odds of different bookmakers. Bookmakers do not always use the same possibility of these games. In fact, only rarely use the same opportunities as other bookmakers. ForSo let's look at the next match with Novak Djokovic and Roger Federer looks like:
Bet365: Roger Federer, Novak Djokovic 2.87 and 1.40
William Hill odds: Novak Djokovic and Roger Federer 2.75 1.40
As you can see, the different bookmakers do not have the same opportunities. What makes it possible to arbitrage.
How exactly does sports arbitrage?
We will focus on betting on tennis in this article, but you can use sportArbitrage betting system for each sport you like.
Arbitrage is the people have long been known. Banks have made the difference in currency for a very long time. The act of sports arbitrage is relatively new. What we do is basically cover all the possible outcomes of a particular event. If it was a football match, we will cover Team A, Team B, and balance. In tennis players, we simply cover A and B because there is no draw in tennis you have to worryabout it. This is why tennis is such an easy sport to arbitrage (with only two outcomes).
Covering All Outcomes Yields a Loss..?
Well, yes. If you were to place the bets at the same bookmaker it would yield a loss. However, remember we talked about bookmakers use different odds? That's where the 'loop-hole', if you will, is.
First let's look at what would happen if we'd cover both outcomes at the same bookmaker (in this case Bet365).
We place 0 on Federer at odds of 1.40 and .78 on Djokovic at odds of 2.87 (explaining why I choose these different sizes of bets in a minute). The possible outcomes of the tennis match:
If Djokovic wins we receive 0 while losing the 0.
If Federer wins we receive 0 while losing the .
If Djokovic wins we end up with a loss of (0 - .78 - 0 = -.78) .78.
If Federer wins we end up with a loss of (0 - 0 - .78 = -.78) .78.
As you can see, no matter the outcome we always end up losing . Can we turn this around? Of course we can. We simply place the different bets at two different bookmakers. Let's have a look at another bookmaker.
Odds for Djokovic at 2.58 and odds on Federer at 1.60. What we do now is cross bet at these two bookmakers. We obviously choose to bet so that we get the highest combined odds:
We bet 0 on Federer at odds of 1.60 and we place .75 on Djokovic at odds of 2.87 (will explain bet sizes later). Let's look at the results:
If Djokovic wins we receive 0 while losing the 0.
If Federer wins we receive 0 while losing the .75.
If Djokovic wins we end up with a net gain of (0 - .75 - 0 = .25) .25.
If Federer wins we end up with a net gain of (0 - 0 - .75 = .25) .25.
No matter the outcomes we will always be winning . This might not seem as much, but keep in mind that it's scalable. You could for example place 0 on Federer and 1.5 on Djokovic to double your profit. You could even place 00 on Federer and 7.49 on Djokovic for a guaranteed .51 profit. It might not seem as much, but if you only placed a few of these bets a day, you could easily quite your day time job.
Before we look at the size of the bets we place on these tennis matches, we're going to have a look at how to determine whether or not it's possible to arbitrage a bet.
You simply put the odds through the formula:
odds1(power -1) + odds2(power -1). Whenever this yields a result lower than 1, you'll be able to place an arbitrage bet. As an example let's look at the bet above:
1.60(power -1) + 2.87(power -1) = 0.9734. Thus we can place an arbitrage bet.
Now let's determine the size of the bets we want to place on the specific tennis matches. This is done with a simple formula. If you wish to place a stake of s1 on outcome 1, you need to place:
s2 = s1 * o1 / o2; on outcome two.
Let's look at our example again. We place 0 on outcome 1 at odds of 1.60. On outcome two we want to place:
s2 = 0 * 1.60 / 2.87 = .75
Simple and elegant.
If you want to be making a living betting on tennis or any other sports for that matter, sports arbitraging is one of the best ways to go.
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