Arbitrage is where you can place a bet somewhere at one set of odds, and lay it off somewhere else at lower odds. Regardless of the result of the event, you will profit (providing you've done your sums correctly!).
The multitude of bookmakers out there, and their individual understanding of the 'true odds' of an event happening, or even their own exposure on the event can result in different odds being available at different sites. These odds can be played off against each other to maximise your returns. Limiting yourself to betting with one bookmaker, what would be called brand loyalty by marketing consultants, is a sure fire way of getting a worse deal for your bets overall. Open accounts at lots of sites and only bet where the odds and the bonuses reflect the best possible return on your money. When you're completing normal bonuses you'll spot arbs coming up, and you can take advantage of them.
Caution should be applied when 'arbing' as it's a quick route to your accounts being closed. So short term profit could be the route to long term loss of what could've been a more profitable account. If the bet looks unusual, when compared to your normal betting patterns, or involves a large stake on a strange match or result, then it will probably get flagged to traders for investigation.
As an example: £200 on Manchester Utd to win is normal and they'll be taking those bets all day long. £200 on a Hungarian second division match says Advantage Play, bonus abuse or Arbing; none of which are profitable for the bookmaker. One customer they'll want to keep, one they won't.
You'll see in my blog that Arbing is part of the process for making a money from Advantage Play Betting. They may only work out as small amounts, but if you're making those small amounts regularly they add up. And remember, 1% in a day is a lot better than you'll get in any bank account!
Just to finish, if you came here looking for the film Arbitrage, staring Richard Gere and Susan Sarandon, then IMDB might be more use to you. I'd also like to point out that it's rubbish though.
The multitude of bookmakers out there, and their individual understanding of the 'true odds' of an event happening, or even their own exposure on the event can result in different odds being available at different sites. These odds can be played off against each other to maximise your returns. Limiting yourself to betting with one bookmaker, what would be called brand loyalty by marketing consultants, is a sure fire way of getting a worse deal for your bets overall. Open accounts at lots of sites and only bet where the odds and the bonuses reflect the best possible return on your money. When you're completing normal bonuses you'll spot arbs coming up, and you can take advantage of them.
Caution should be applied when 'arbing' as it's a quick route to your accounts being closed. So short term profit could be the route to long term loss of what could've been a more profitable account. If the bet looks unusual, when compared to your normal betting patterns, or involves a large stake on a strange match or result, then it will probably get flagged to traders for investigation.
As an example: £200 on Manchester Utd to win is normal and they'll be taking those bets all day long. £200 on a Hungarian second division match says Advantage Play, bonus abuse or Arbing; none of which are profitable for the bookmaker. One customer they'll want to keep, one they won't.
You'll see in my blog that Arbing is part of the process for making a money from Advantage Play Betting. They may only work out as small amounts, but if you're making those small amounts regularly they add up. And remember, 1% in a day is a lot better than you'll get in any bank account!
Just to finish, if you came here looking for the film Arbitrage, staring Richard Gere and Susan Sarandon, then IMDB might be more use to you. I'd also like to point out that it's rubbish though.