Is Betting Arbitrage a Sure Bet?
In the sports world, a betting arbitrage, if done properly, can be very profitable. Making your profit will, however, involve work and research. In a betting arbitrage, the bettor, or punter, places bets with two (or more) bookmakers, who have different opinions regarding the outcome of a sporting event. This results in both the bettor and the bookmaker profiting. For instance, let’s say you wagered on two basketball teams, using two bookmakers: Bookmaker Y has odds of 1.15 on Team A and 7.00 on Team B Bookmaker Z has odds of 2.00 on Team A and 7.50 on Team B You can place two separate bets with the two bookmakers-betting on Team B with Bookmaker Z, and on Team A with Bookmaker Y-and no matter the outcome, you will still profit, if you carefully calculate your wager amount. If you are at all familiar with betting arbitrage, you may have heard rumors that it can make you into a millionaire. Unfortunately, this is only true in limited cases. Each trade will make roughly 3-4% on your init
