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Sports Betting Arbitrage
STEP BY STEP GUIDE TO YOU FIRST PROFIT!
Step One: Sign up to Betfair Betting Exchange. “Betfair.com” I suggest turning off Adblock as they may offer promotions to new members before or after signing up. Enter all the information you need. Deposit account etc. Just make sure you profile is completed before moving to the next step!
Step Two: Sign up to a betting company. Example for UK (Coral.co.uk) Example for Australia (Sportsbet.com.au) Again make sure Adblock is turned off as there may be offers waiting for you! Browse around for you local sports betting websites and see what offers you can find for “sign up promotions”. When you find a sign up promotion you can click on it or do what you need to when signing up and you will be prompted to make a deposit. Make sure you read the T&Cs to see the amount you need to deposit to receive the free bet as this changes from offer to offer.
Step Three: Make sure using decimal odds not fractional odds this makes it easier to compare odds with Betfair
Step Four: This is where you want to find a game to bet on. I recommend NRL as a good starting point as there is no “draw” option. The “Back” Bet is always placed at the bookkeeper so “Sportsbet” and the “Lay” Bet is always placed at Betfair!
Betting Example
Sportsbet NRL: Panthers 2.00 - Knights 1.60
Betfair NRL: Panthers 2.08 - Knights 1.56
You want the Knights to win at Sportsbet so you would place your qualifying amount on them so for example $50
You now want the Knights to lose at Betfair so you would use a calculator to single out any loss and the only amount you lose is 5% Betfair commission
You have now put in a total of $50 at Sportsbet and around about $50 at Betfair so you are now $100 in but you will lose 5% to commission. So you are left with $95 no matter what happens in the game.
Now depending on the promotion offer you may have gotten a free $50 bonus bet which means you now have $145 right? But you cant withdraw that extra $50 until you bet it. So you repeat the previous exact process as you will lose about 5% but you will now have $140 you can withdraw. $40 profit for doing almost nothing.. Pretty decent right?
This may sound like a lot of calculations, here's why a simple yet effective Calculator exists, and it's FREE!
The calculator: https://arbitragecalc.com/
WHAT IS MATCHED BETTING?
Matched Betting is a mathematical technique used to guarantee a profit from free bet promotions given by betting organisations. The UK is most known for this but people also do it in Australia & New Zealand
adding a note here by myself, I've personally done it in Italy and worked fine, although I must admit that offers in the UK are way better -
HOW DOES IT WORK?
The process may be confusing at first but is extremely simple once you understand it.
The 2 main things you need to know from the get go is
The “Back” Bet: Betting for an outcome to become true so for example “I bet England will win”.
The “Lay” Bet: Betting against a certain outcome to come true for example “I bet England will NOT win”
Additionally, you can join a group with automatic arbitrage betting, which means guaranteed profit plays that are AI generated and auto posted,
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Edited by SportsGods, 23 May 2024 - 09:50 PM.