Sports Arbitrage – 5 Benefits You Must Know

Sports arbitrage is a very fun and unique way to make money with sports bookies. Without the help of the internet, this would never be possible. Here are 5 benefits you must know about.

Benefit #1: No Gambling

This is the part that makes people really confused. Yes, we place bets with bookmakers, however, due to how the calculations are done, there is no need to guess the results of the game. You will still profit no matter what the results turns out to be.

Benefit #2: No Tax

From what I know, in almost all countries there is no tax for when you win money from bookmakers, casinos or lottery. I must say that I am not an attorney and I have no idea if this is 100% true in your particular country or state.

Benefit #3: No Incorporation

When you start any business, you need to incorporate and in some countries or states, it may mean a lot of paper work and a long boring process. For sports arbitrage trading, no incorporation is required, saving you both time and money.

Benefit #4: Flexible Hours

You can do this any time you want as long as you have high speed internet access. Unlike a typical business, you have absolutely no customers which means there is no need to spend your time doing customer support. You also do not need to hire any employees.

Benefit #5: Recession Proof

Arbitrage betting will never be affected by the global economy because no matter how bad the economy is, sports events will still go on. As long as there are sports events, there is money for you to make.

Sports Arbitrage Opportunity For Cricket and Golf and Snooker

Sports Arbitrage Opportunities For Cricket

There are plenty of arb opportunities to be found in cricket. As with any other sports, it is important to understand different bookmaker rules. In county cricket this means knowing how bookmakers treat draw matches, by far most will refund stakes in the event of a draw but a few of them do not.

In the national games, again you have to see how bookmakers will treat a tie, most will return stakes but again there are a couple of them that do not. After you check the rules, you will be comfortable placing arbitrage bets & making a consistent income from them.

The key to finding arb opportunities in international cricket is to have a large number of foreign betting accounts. Different bookmakers operate to different profit margins. Foreign ones often take lower margins which create arbitrage opportunities between them and the British bookmakers.

Do keep an eye on the cricket news for events that can change prices, quickly with some bookies and very slowly with others, thus creating a nice pick of arbitrage opportunities.

Sports Arbitrage Opportunities For Golf

Your best place to find golf arb opportunities are in the 2 or 3 ball bets where bookies will pick 2 or 3 golfers, the object of course is to back the best one. You can try looking for arbitrage situations in 2 ball betting but they are less common, always check for 3 balls first.

As with any form of betting always check the bookie rules in case of exceptional events. Make this a rule and you will never go wrong.

Sports Arbitrage Opportunities For Snooker

A difficult sport to predict means that opinions among bookmakers are widely divided and this of course creates a handful of arbitrage opportunities for us.

Some bookmakers will call off bets while others will regard the player that goes on to the next round as the winner. Where the bookmaker rules are different do not place bets, no matter how unlikely a match is to be abandoned we are after profits with minimum risk and should leave nothing to chance.

Sports Arbitrage – How it Really Works

Sports arbitrage has been a very fun hobby of mine that became a full time income. With so much information made easily available online, someone who wants to learn about it can get really confused. Therefore, I will show you how it really works.

e-Wallets

The 3 popular ones are Money Bookers, e-Gold and Neteller. These are used to transfer money from your bank or credit card to your bookie accounts. You need to set up accounts with them. Neteller no longer allows USA citizens to get an account so if you are from USA, you can still use Money Bookers and e-Gold.

Sports Bookies

Bookies are also known as bookmakers or sports books. They allow you to place bets online with them and they function just like a casino. Some UK bookies include Bet Internet, Bet UK, Blue Square, Lad Brokes, Paddy Power. Some USA bookies include 5 Dimes, Bet Cris, Bet Ed, Bet Online, Bet Jamaica.

Alert Services

Instead of trying to find trades manually, you can make use of alert services. They usually send you alerts by email in real time. Some services can even send you alerts by mobile phone. The good services are usually not cheap, however, they usually end up paying for themselves in no time.

Arbitrage Process

Now that you have a good idea of the 3 main components of the arbitrage system, here is a quick summary of the full process.

  • Open e-wallet accounts.
  • Open bookie accounts.
  • Use alert service.
  • Get alerts on trades.
  • Go place bets online.
  • Win money.