Arbitrage Betting Guide

Similar to matched betting, arbitrage betting is a low-risk and easy way to beat the bookies.

I have put together an easy to follow guide on how to do arbitrage betting so you don’t have to waste time trying to figure out how to do it yourself.

Arbitrage Betting Guide
Arbitrage Betting Guide

What is Arbitrage Betting?

Arbitrage Betting involves taking advantage of the different odds offered on a particular sporting event by bookmakers by getting the highest possible odds for each possible outcome.

By doing this, you can lock in a profit regardless of which outcome comes true, and the better the odds you get, the higher your profit will be.

Arbitrage Betting Example

A good way to illustrate arbitrage betting is by looking at an example of an arbitrage bet that was available on a Championship football match between Preston and Fulham.

Before the match was due to be played, the following odds were available on the Both Teams to Score (or “BTTS”) market at Sky Bet and Unibet.

Sky Bet (BTTS):

SKy Bet BTTS

Unibet (BTTS):

Unibet BTTS

As you can see from the screenshots above, the best odds on BTTS – Yes is available from Sky Bet at odds of 11/10 (2.10) and the best odds on BTTS – No is available from Unibet at odds of 19/20 (1.95).

I can now use an arbitrage calculator to work out how much I should bet on each outcome based on these odds.

Arbitrage Calculator

As you can see from the Arbitrage calculator above if I place a back bet of £48.15 on BTTS – Yes at Sky Bet and a back bet of £51.85 on BTTS – No at Unibet, then I will make a profit of £1.11 regardless of the result.

So for every £100 I bet I will receive an ROI of 1.11% and It can be quite easy to find arbs in the 1-2% range.

How to Find Arbitrage Bets

It’s quite possible to find arbitrage bets manually by comparing the odds offered by bookmakers but the vast majority of Arbers will use some sort of software to find the best arbs available.

I plan to write an article on the Best Sports Arbing Software in the near future but for now, I will just list some of the best free and paid options available.

Pros and Cons of Arbitrage Betting

Pros of Arbitrage Betting

  • Low-risk way of locking in profits from your bookmaker accounts
  • Can be used on bonus restricted bookmaker accounts
  • Plenty of arbing opportunities are available every single day

Cons of Arbitrage Betting

  • Your bookmaker account is likely to be stake restricted at some point
  • Profit margins can be slim e.g. a 1% arb will only return £10 for every £1000 staked
  • Arb finding software can be expensive

Arbitrage Betting FAQ

Is Arbitrage Betting risk-free?

I would categorise Arbitrage Betting as being low risk rather than being risk-free as there are situations where you could end up losing money e.g. A bookmaker may decide that the odds offered to you were a palpable error and therefore void your bet. An example of a palpable error would be if the bookmaker was offering odds of 11/1 instead of the correct odds of 1/1.

What Sport is best for Arbitrage Betting?

The best sports for arbitrage betting are those that are very popular amongst bettors e.g. top level football and tennis as you are less likely to be identified as an arber than if you were placing bets on more obscure sports.

Can you lose money in Arbitrage Betting?

Yes, it is definitely possible to lose money in arbitrage betting as you can make mistakes when placing bets that end up costing you money.

Can you get banned for Arbitrage?

A bookmaker is unlikely to outright ban you for doing arbitrage bets. However, it is much more likely that they will restrict your stake levels to a few pence. If this happens, then your bookmaker account becomes useless for arbitrage betting.

How much can you make Arbing?

This is a real how long is a piece of string question but you can usually make 1-5% of your turnover from arbitrage betting. So for example, if you were able to place bets totalling £10,000 per month, you would expect to earn between £100 and £500 in profits each month.