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What is Betting Arbitrage?
Betting arbitrage is a term that is commonly used in the world of sports betting. It refers to the process of placing bets on different outcomes of a sporting event in such a way that the bettor is guaranteed a profit, regardless of the outcome of the event. In this article, we will discuss the concept of betting arbitrage, how it works, and the advantages and disadvantages of this strategy.
Betting arbitrage, also known as sure betting, is a technique used by sports bettors to exploit discrepancies in the odds offered by different bookmakers. The goal is to place bets on all possible outcomes of a sporting event in such a way that the total payout is greater than the total amount wagered, ensuring a profit no matter what the outcome of the event.
Betting arbitrage involves finding two or more bookmakers who offer different odds on the same event. The bettor then places bets on all possible outcomes of the event, ensuring a profit regardless of the outcome. This strategy can be used in any sport, from football to tennis, and is popular among professional bettors who are looking for a low-risk, high-reward strategy.
How Does Betting Arbitrage Work?
To understand how betting arbitrage works, let’s look at an example. Suppose there is a football match between Manchester United and Liverpool. Bookmaker A offers odds of 2.5 for Manchester United to win, while Bookmaker B offers odds of 2.75 for Liverpool to win.
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