Many users dream of finding the optimal betting strategy. By the way, we have excellent articles about the best winning strategies for betting. Read them to get interesting insights. In today’s article, we will look at a common strategy. Many users consider it a win-win. We are talking about arbitrage betting.
What Risks Are Hidden Behind Arbitrage Betting?
Arbitrage betting is a way to reduce risks in sports betting. Calculating arbitrage bets between bookmakers and exchanges can maximize potential profits in betting on football and other sports. However, they are not perfect either.
Human Error
This is both your mistake and the bookmaker’s mistake. You may incorrectly calculate the potential profit; the winnings will not cover the investment. Finding suitable bets for arbitrage requires careful calculations, so the human factor is of great importance.
Change of Odds
If you bet with dynamic odds, the outcome may be very different from what you want. If the odds decrease, the winnings per ticket will be less than planned, and you will remain in the red.
Bet Is Not Accepted
Bookmakers don’t like arbitrageurs. Most platforms coordinate odds. Some are even eliminating arbitrage bets. In addition, we may be talking about a banal technical error. As a result, you will only receive one bet. And we are no longer talking about risk-free betting.
Differences in Rules
As we have already written, the attitude of bookmakers towards arbitrage betting is not very positive. However, different platforms have different rules regarding identifying and preventing such behavior. You may receive penalties or restrictions for such bets.
Void or Cancelled Bet
The bookmaker may detect your attempt to make money on arbitrage and reset the bet. Of course, this applies to platforms that prohibit the use of this strategy.
False Arbs
Not all tools provide accurate information. Use only reliable sources to find arbitrage bets. Otherwise, you may give in to false hopes and lose money.
Bet Limits
Limiting the maximum bet amount can be an obstacle. Since the limits are set by the rules, you won’t be able to fight them. We’ll have to look for other opportunities.
Account Ban
As a result of placing arbitrage bets, you may lose your account. You can protect yourself from this only by carefully studying the rules. If the bookmaker does not welcome this type of activity, it is better not to risk it.
Arbitrage Betting Tips and Tricks
Despite the availability of free online tools, arbery is difficult and painstaking and involves the risk of losing all your money due to the bookmaker blocking the account. Therefore, you need to invest large amounts. The following tips will also help you.
Stick to Events With Two Possible Outcomes
This greatly simplifies the calculations. In addition, it reduces costs. You don’t have to place many bets. Accordingly, the risk of making mistakes in calculations will also be lower.
Find Your Own Arbs
There is no need to blindly rely on programs, recommendations of cappers, and other tools. Learn to find suitable events yourself.
Firstly, you will be sure that there is no deception. Secondly, this will allow you to master this strategy and practice it yourself.
Always Check Your Calculations
We have already written above about the risks of making mistakes. Never forget the importance of verification. Always double-check your calculations, and only then place bets.
Constantly Replenish Your Bookmaker Accounts
Bookmakers are suspicious of users who withdraw money immediately after winning and top up their accounts before betting. This is one of the signs of arbitrage betting. Therefore, do not forget to keep a certain amount in your account and deposit in advance.
F.A.Q.
The possible profit depends on your skills and the initial amount. However, one should be suspicious of profitability above 10%. This is an extremely rare occurrence.
From a legal point of view, these bets are completely legal. However, many bookmakers prohibit them in their rules.
Arbitrage requires more effort and resources than standard betting. First, you need to place not one but two bets. Secondly, analyzing events and searching for suitable options also takes a lot of time.