Successful Sports Arbitrage
The first thing to say is that you do not need a huge pool of money to invest, a refreshing change from many schemes. You do not need thousands and thousands of pounds.
The more money that you put in, the greater your return quicker. So, if you put in just 100 pounds at 4% return, then you will make £4 from each arbitrage. If you commit 1000 pounds to the practice, then you will make £40 each time. And so on. We recommend that you bet little and often, rather than huge bets. Staking thousands of pounds, if you have them, is starting to lose the philosophy of the system, it is trying to make large amounts of money quickly. And people may become wise to the system. Therefore bets of a few hundred at a time are perhaps the best ones to place. But ultimately it is up to you.
We recommend that when you start, you use small bets - perhaps just 10 pounds on each eventuality. Just to get used to the system until you know what you are doing. That way if through inexperience you do something wrong, then you will not lose much. Remember, this is a sure fire system, but many do not believe that an opportunity such as this one can exist and therefore the only way to believe it is to bet!
SO, the key is that you cover every eventuality.
The key to the arbitrage is that you cover every eventuality in such a way that you are guaranteed to make a profit.
In order to do this, you will need to register with several bookmakers. Therefore betting in your country must be legal. You must also be over 18 in most, if not all, countries. Check which rules apply to your country of origin.
The reason that you must be registered with more than one bookie is simple: no individual bookie is going to be stupid enough to offer odds themselves that result in a guaranteed profit. If they did, lots of their punters would spot it and quickly put them out of business.
Therefore you need to register with several bookies, say ten or so. The ones that offer interesting odds quite often, rather than the mainstream bookies that tend to offer the more orthodox odds. Of course you should ensure that they are all legitimate. The best way is to sign up online, this usually only takes a few minutes and you can sign up and put money into an account with ten bookmakers in an hour or so. We will look at more of this in the next part.
One thing that you have to be sure of with bookmakers is hidden charges. You have to make sure that they do not charge you to place your bet and also do not charge tax on what you win. In most countries this is not the case, and with most bookies to place the bet is completely free, and there is no tax on the return. However this may not be the case everywhere. Any hidden charges will either remove, or greatly reduce, your profits. Remember we are playing with small margins here, so everything counts.
Additionally, some will charge you to deposit or remove funds with a credit card. If this is the case then you should try an alternative method, like sending a cheque, or finding a way of depositing that does not lose you money. This may take longer and be more fiddly for you, but it is worth the effort. You want to take as many of your profits as possible without passing it on to anyone else. After all, you deserve the fruits of your labour!
When you have the accounts with these bookmakers (which again we shall look at in more detail shortly), you are then in a position to start arbitraging.
With this system, you focus almost exclusively on events with two or three possible outcomes. This may be a tennis match, or a game of football, or a tennis match, and on odd occasions races with three horses in them.
The reason for this is twofold. Firstly, if there are more than three outcomes, then the work done to find out if an arb (short for arbitrage) exists is time consuming and you can do incorrect calculations. Secondly, these possibilities with so many outcomes hardly ever throw up arbitrages. Similarly with tournaments - there are simply too many possible winners so the chances of an arbitrage, without huge mistakes having been made, are too small to make it worthwhile to look.
So why do arbs exist? Well, lots of bookmakers are very confident in their opinion. They believe something strongly, or they feel they have inside knowledge, or just want to tempt people to bet. Therefore they offer better odds on an outcome than elsewhere. They know that they are setting up an arb, often, but they don't mind this at all.
If another bookie is being competitive in another direction, than sometimes an arb is set up. And this is where you come in, place your bet, and say thank you very much, and walk off with your return, typically between 1 - 4%.
Arbs are more common than you may think. With research you can find several a day on occasions, and so potentially make a huge 12% return or so in a day. You can even have the work taken out completely by going to web sites that do the comparisons for you - then it is simply a case of reading off the arbs and going to the relevant sites you are registered with, placing the bets, and waiting for the money to roll in. We will tell you some web sites that you can go to shortly!
So, to recap:
* you register with several bookmakers
* ensure that there are no hidden charges
* research your own arbs, or use a service that does it for you
That's it! It is as simple as that.
Now on to the detail...
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