Arbitrage betting, also known as sure betting or miracle betting, is a strategy that allows you to make a profit by betting on all possible outcomes of an event with different bookmakers. This strategy takes advantage of discrepancies in odds between different bookmakers. In this beginner’s guide, we’ll explore how arbitrage betting works and how you can use OddsRun to make money from it.

What is Arbitrage Betting?

Arbitrage betting involves placing bets on all possible outcomes of an event with different bookmakers to guarantee a profit, regardless of the outcome. By exploiting differences in odds between bookmakers, arbitrage bettors can lock in a profit.

How Does Arbitrage Betting Work?

Arbitrage opportunities arise when different bookmakers offer different odds on the same event. By placing bets on all possible outcomes with different bookmakers, you can ensure a profit, regardless of the outcome of the event.

Example of Arbitrage Betting:

Let’s say you’re betting on a tennis match between Player A and Player B.

  • Bookmaker X offers odds of 2.00 on Player A to win.
  • Bookmaker Y offers odds of 2.20 on Player B to win.

To calculate if there is an arbitrage opportunity:

  1. Calculate the implied probability for each outcome:
    • For Player A: 1 / 2.00 = 0.50 (or 50%)
    • For Player B: 1 / 2.20 = 0.45 (or 45.45%)
  2. Add the implied probabilities together:
    • 0.50 + 0.45 = 0.95 (or 95%)
  3. Check if the total implied probability is less than 1 (100%). If it is, there is an arbitrage opportunity.

In this case:

  • 1 – 0.95 = 0.05 (or 5%)

There is a 5% arbitrage opportunity.

How OddsRun Can Help

OddsRun provides bettors with valuable tools and resources to identify arbitrage opportunities and make money from them:

  • Odds Comparison: Compare odds from multiple bookmakers to identify discrepancies and potential arbitrage opportunities.
  • Real-Time Data: Access real-time data on odds and lines to take advantage of arbitrage opportunities as soon as they arise.
  • Arbitrage Calculator: Use the arbitrage calculator to determine the exact bets you need to place to lock in a profit.

Conclusion

Arbitrage betting is a proven strategy for making a profit from sports betting. With the help of OddsRun, you can identify arbitrage opportunities quickly and easily, maximizing your potential profit. Whether you’re a seasoned bettor or just starting out, OddsRun is your go-to resource for making money with arbitrage betting.

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