Arbitrage betting is emerging as a popular betting strategy among professional football bettors looking to exploit discrepancies in the odds across different bookies. But how does arbitrage betting work in football betting and what are its advantages?
This article takes a deep dive into arbitrage betting in football, revealing everything from what it is, whether it’s legal, its advantages, and a list of online betting sites that allow this strategy.
What’s arbitrage betting?
Arbitrage betting in football involves placing several bets on all the outcomes possible in a game across multiple bookmakers or on a single betting platform. The bets are placed in a way that ensures the punter makes a profit no matter the outcome. That’s possible because sportsbooks occasionally offer different odds as they have different views on the probability of an event occurring.
How arbitrage betting works in football
In general, arbiters attempt to identify football matches where different bookmakers offer different odds or betting sites that allow players to place opposing bets on the same game. That’s easily possible with football bookies that offer arbitrage betting or by using innovative betting software to scan multiple sportsbooks and highlight potential opportunities.
For instance, let’s take a premier league match between Arsenal vs Manchester United. Arbitrage opportunities may occur if one sportsbook offers 2/1 odds for Arsenal to win while another offers 2.5/1 odds for Manchester United to win.
The punter calculates the odds and places a $100 bet on Arsenal and $80.89 on Manchester United, that’s a total of $180.89. In this example, if Arsenal wins the tennis game, the bettor gets $200 and makes $19.11 in profit and if Manchester United wins the game, the bettor gets $202.22, recording a minimum profit of $2.22.
Regardless of the possible outcome, the punter gets a profit with arbitrage bets. While the profit might be small, these bets allow players to win consistently and build their bankroll over time before cashing out their profits.
Which is the best betting platform for arbitrage bets?
While multiple online sportsbooks allow arbiters to place bets on football games, Sportybet, Dafabet, 22bet, and Betway, Bet365 has proven to be a market leader. According to an in-depth analysis of Bet365 by industry experts, this sportsbook stands above the rest for arbitrage betting as it constantly updates odds on different lines.
Bet365 also allows you to place multiple bets on the same football game, which helps you to cover or hedge your bets. The site is mobile responsive and they have low minimum deposit requirements for football bettors looking to start arbitrage betting.
Is arbitrage betting legal in football betting
Arbitrage football betting is completely legal in jurisdictions that have embraced sports betting. However, arbiters pose a major challenge for betting companies as they need to make money from bets to remain in business. That’s why most football betting sites prohibit arbitrage betting in their terms and conditions. That means some sportsbooks might limit your bets shut down your account or cancel bets when they detect arbitrage.