In sports betting, arbitrage betting can occur when different bookmakers have varying opinions on event outcomes. It can also occur as a result of simple errors. Someone can work the system by placing a bet on an outcome with different betting companies, thereby making a profit, and as long as alternative bookmakers are used for this type of arbitrage betting, the bookmakers generally do not have a problem with it, considering they make a profit regardless. Most arbitrage betting involves significantly larger sums of money than traditional bets, although the odds are also higher. In the UK sports betting scene it has been established for years that the best way to make a profit in sports betting using this system is to have a team of individuals who place bets at various bookmakers to avoid detection, while the financier, or key ‘arber’, remains at a computer to keep track of the market movement and therefore direct his employees to place bets on his behalf.

While not exactly an illegal form of sports betting, arbitrage betting is generally frowned upon, and is also normally reserved for the elite who understand the ins and outs of the sports betting system like the back of their hand. This is not a newbie method. There are some significant risks, such as making an error while placing a bet. In addition, keeping strict records is absolutely paramount to making the system work. The only way to really make arbitrage betting work for you is if you are an expert who has been working the system for years.

Mar 04 2010