Finding Arbitrage Opportunities

In order to find a good arbitrage opportunity, you must find two different bookmakers or betting exchanges that are offering odds on the same game. If you know what you’re doing, betting arbitrages can be a 100% guarantee to make some money but, you have to be able to recognize the opportunity when it arises. You may also have to wager more money on one bookmaker or exchange in order to earn profit by winning with another.
Let’s use the San Francisco vs. Cincinnati NFL game.  If we bet $20 on SF, the possible profit we could make is $35.08 if we win. If we bet on Cincinnat at another bookie, the same $20 bet would make us $28.57. A total of $40 wagered between the two online bookies, and the least we can win in profit would be $8.57.
In Major League Baseball, the Toronto Blue Jays are playing the Tampa Bay Devil Rays.  At one bookie, a successful $20 bet on Toronto would end up making a profit of $32.25. On, a $20 bet on Tampa Bay would result in a profit of $30.30. Regardless of the outcome of the game, you would make at least $10.30 in profit.
This seems like a full proof plan but, one thing you have to remember is that a lot of betting exchanges and bookmakers will only reward a win if there is a certain point spread between the two teams otherwise, it’s considered a tie. For NFL betting, the winning team has to beat the losing team by more than 3 points in order to win the bet. But, there is the option of using a 3rd bookmaker in the mix so you can pick a tie or draw as well.

One response to “Finding Arbitrage Opportunities

  1. Hey! This post could not be written any better! Reading through this post reminds me of my old room mate! He always kept chatting about this. I will forward this write-up to him. Fairly certain he will have a good read. Thank you for sharing!

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