Sports Arbitrage Side Hustle (explained)

When you flip a coin you say there is a 50:50 chance of it being heads or tails, so if you bet £1 on heads and you win you'd expect £2 return, this is what you call a 'fair book' and the European odds for this would be 2.0 heads, 2.0 tales i.e. if heads or tables comes up you double your money. If you bet on both sides on a 'fair book' you ALWAYS get your initial stake. However, when you go to a gambling institute it isn't a 'fair book', if you went to play heads or tails the odds would be 1.95 heads, 1.95 tails, this means if you bet on both sides you would always loose 5p. This is how bookies make their money and is why the green zero exists on the roulette.

So back to what is arbitrage betting. We know that the odds of heads and tales is 50:50 but how do you work out the odds for live sports? Analysts, betting patterns, form etc. In the UK there are over 30 bookmakers and they often 'disagree' on the correct odds for sports markets, this means it is possible to place two bets with different bookmakers to secure a certain profit.

E.g.

SWEDEN VS KOSOVO - 9TH OCTOBER

MARKET - BOTH TEAMS TO SCORE

BET 1 : MANSION BET (YES) ODDS - 2.45

BET 2: BETVICTOR (NO) ODDS - 1.83

THIS RETURNS A CERTAIN 5% PROFIT

A 5% profit may not seem like much in betting terms but when you look at it as an investment 5% ROI is incredible. The hard part of this is finding consistant 'arbing' opportunities, but I have written a python script that webscrape all of the major bookies and finds the opportunities. If your interested give me a message, and look out for them!!

submitted by /u/the_arbitrage_guy
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source https://www.reddit.com/r/beermoney/comments/q7g1gn/sports_arbitrage_side_hustle_explained/