Misc

Does arbitrage betting still work in sports betting? To what extent?

May 2, 2020

Arbing is a process whereby a punter places multiple bets on different betting websites, thereby making a profit in the process, regardless of what the outcome of the game is. In a typical 2-way sport like tennis, it involves betting on player A to win on one site and then betting on player B to win on another site, and then using your final profit to offset the total cost of your stakes.

I know you already know all about that, so let’s not dwell too long on it. But the actual question now is, does arbitrage betting still work? And if it works, to what extent does it?

Yes, without a shade of doubt, arbing still works. But the extent to which it works depends on you.

You must be wondering already what I mean by that. The extent to which arbing can guarantee you success in betting is dependent on how much effort you’re willing to put in because arbing is a completely procedure-intensive strategy.

How difficult is arbing?

Yes, arbing is difficult; we cannot deny that. And that’s no thanks to the volatile nature of odds. Just when you thought you had found an arbing opportunity somewhere, a bandar taruhan bola site might just decide to raise or lower their odds to match that of the other bookmakers in the market, thereby throwing what seemed like a precious opportunity to an arber into the ocean. But the volatility of odds isn’t the only reason why arbing is such a difficult betting strategy. Here are some other contributory reasons.

Bankroll

In order to place multiple bets on the same game, arbers need a more than sufficient betting bankroll to credit all their bookie accounts. Unfortunately, this can be a great stumbling block for tight-purse bettors.

Imagine that you are able to find up to five arbing opportunities on the market in one day, and you have to bet on three possible outcomes (if football) on three different bookie accounts. How would you achieve this without enough funds in your bankroll? Of course, there’s no way. At that point, you can’t arb even though the opportunity is there. So you see, your bankroll can also prevent you from arbing.

Speed & opportunity

Forget all those “we offer you 100% welcome bonus when you join,” “we have a stake refund option to help you cut your losses,” “we offer free money for you to bet upon signing up” stories you hear from different bookies, no one is in the business to lose money.

As such, once they discover that their odds are not in line with the rest of the market, they would quickly close it up to prevent arbers from taking advantage. What this means is that if you’re not fast enough to spot an arbing opportunity, you might only find out about it once it’s gone. Unfortunately, finding arbing opportunities is no easy task. In fact, you might spend hours finding one, and you would still come up with nothing, even though they are actually there in the market.

But thanks to the evolution of arb finders such as

Rebelbetting

Oddsmonkey

Bet Burger

Oddstorm

BetonValue

BetSlayer and the rest, you can find arbs as soon as they appear.

Zero-fun and tedious

Another reason why arbing is such a difficult strategy is because it removes the fun from betting. Usually, when punters research and prepare to stake on games, they’re usually excited about the potential outcome of a game. But when you’re arbing, this fun aspect is removed, as you’re left to back all the possible outcomes.

In fact, what you’ll be doing majorly might feel more like work rather than punting.

Account closure

Unfortunately, when you arb on some betting websites, your account might be closed. Most bookies have terms & conditions permitting them to close accounts at their discretion if they suspect any form of advantage play from the bettor.

In fact, some bookies even go as far as stating it explicitly in their T&C that arbitrage betting is not allowed on their website.

Although the strategy is not illegal, it does leave players open to several nuisances – such as payout disputes, stringent verification requirements, unexpected calls, and ultimately, account closure.

To what extent?

So to finally answer the question; Yes, arbing works to a great extent provided you’re willing to provide the money required (sufficient bankroll), put in the time necessary (arb finders can help you reduce the time you spend arbing though), make do with fun-less betting, and possibly risk account closure.

But in the end, anything that promises to leave us with profits is always profitable, right? If so, then we can conclude that arbing is worth any effort you put in. And you can start arbing today!

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