Big Betting Online's Guide to Arbitarge Betting

Wouldn't it be great to place just two bets and know that you are guaranteed to profit, no matter what the outcome? Well, that's what arbitrage betting is all about.

Arbitrage betting takes advantage of different odds offered by different bookmakers. Competition and differing views lead to bookmakers offering higher or lower odds than their competitors. This is where arbitrage betting becomes profitable. Using simple maths to place different sized stakes on the different sized odds allows arbitrage gamblers to secure a profit no matter what the result.

If making a profit can be this easy then you might be wondering why everyone isn't doing it. There are a few reasons, the biggest one being that they've never heard of it or don't know just quite how it works. Arbitrage betting can be very profitable but a lot of people seem to be put of by the technical name thinking that it is going to be too complicated. It's not.

It is true that there is some maths involved but there are many websites out there which will take care of the maths for you. Alls you have to do is decide the maximum amount of money you want to use.

Another tricky part of arbitrage betting is finding the opportunities when they arise. Again there are many websites that are constantly scanning odds of hundred of bookmakers, waiting for arbitrage bet to crop up. Two of the best are Arb Hunters and Sports Arbitrage World.

Placing an arbitrage bet can be as simple as going to a website such as Arb Hunters and Sports Arbitrage World or Arb Hunters, looking for an opportunity, click a button to calculate your stakes and then place the bets

There are some disadvantages, however. The biggest one being that a large bank is required to make any significant profits. Arbitrage betting often only leads to a profit margin of 1-5%.

Another draw back is time frame you have to place your bets. Bookmakers don't like to create arbitrage situations and will usually correct there odds within a few minutes. Many bookmakers will also have a clause in their terms and conditions allowing them cancel bets if they have made a mistake entering odds onto their websites. These errors are easy to spot because they lead to arbitrage bets with very high profit margins.

While arbitrage is technically gambling, it is important to remember that once the bets are placed it is virtually risk free. The biggest thing that can go wrong is placing the wrong bet at the wrong bookmakers. This is a lot easier than it sounds because of the speed you have to work at. To reduce this risk it is a good idea to familiarise yourself with a number of bookmakers' websites. Make sure you can navigate easily, to find your intended market quickly and make sure you know the betting procedure.

Other things that can cause problems are power outages and computers crashing or odds changing after you have placed one bet. To reduce the chances of this happening, open two different windows and get to within one click of confirming your bet in each. Then you will be able to place both bets within a couple of seconds of each other and sit back and wait for your guaranteed profit.

Arbitrage betting is a very profitable way of making money, many proffesionals use it everyday. In chapter 3 we will look at another method proffesional gamblers use every day to pull in big profits.