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Sports Arbitrage
Sports Arbitrage Trading Review
Sports Arbitrage
I am often asked about Sports Arbitrage Trading and in theory you can make money from it however in reality it does prevent some problems.
If you have located an arb opportunity on Football for example Chelsea v Man Utd you would
• Back the Home win with Bookmaker A
• Back the Draw with Bookmaker B
• Back the Away win with Bookmaker C
Obviously out of these 3 bets 2 will lose but the profit from your 1 winning bet will cover the loss from your 2 losing bets and leave you with an overall tax free profit.
Sports arbitrage does sound good on paper but there is a downside to it.
There are three ways you can approach it
1. Subscribe to an arb alerts service where you are notified by text message and/or email of arb opportunities that exist
2. Search and find the arbs yourself
3. Buy specialist software which scans the net to find arb opportunities
The main drawback of sports arbitrage is that although these arbs do exist they do not stay around for very long you do have to be quick to profit from them.
From my experience after you have received the alert (even if you have acted upon it immediately) and logged into the necessary betting exchange or bookmaker accounts the odds will have changed and the arb opportunity has gone.
You can try locating your own arb opportunities via www.oddsexplorer.com or other odds comparison sites although you will still have the aforementioned problem where the arb does not hang around for too long.
If you do manage to successfully carry out an arb then hope and pray the profit ends up with a UK or Ireland bookmaker or exchange as a lot of the arbs tend to feature at least one and often two foreign/european bookmakers/exchanges and while they make it easy for you to open an account with them and deposit funds withdrawing any winnings sometimes involves a lengthy drawn out process where you have to provide proof of ID I had an issue with a foreign sportsbook where they actually wanted me to send my original passport and credit card (photocopies not acceptable) to them which I was not prepared to do.
Another drawback is having a certain amount of funds in each of the bookmaker/exchange accounts be aware that if you do not use your account for several months then the next time you log in you may find that your account balance is £0.00 when it should not be.
If you are thinking of trying sports arbitrage I would recommend trying to use only UK bookmakers and exchanges although the profit margins will not be as big as they would if you used foreign bookmakers at least you can have a degree of confidence that you will actually get your hands on any winnings.
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About the Author
Sports Arbitrage – Win 100 Percent Of Your Bets!
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