Arbitrage Betting
Arbitrage betting is a betting strategy that involves placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the outcome. This is possible when different bookmakers offer different odds for the same event, creating a situation where the bettor can cover all outcomes and still make a profit due to the differences in payouts. Arbitrage betting requires careful analysis and quick execution, as odds can change rapidly, eliminating the opportunity. It is considered a low-risk betting strategy, but finding and exploiting these opportunities can be challenging.
Example
If one bookmaker offers odds of 2.1 on Team A winning and another offers odds of 2.1 on Team B winning, a bettor can place bets on both teams and make a profit regardless of the result.
Key points
• A betting strategy that guarantees profit by covering all outcomes across different bookmakers.
• Exploits differences in odds offered by various bookmakers.
• Requires quick execution and careful analysis.