avoid arbitrage betting

Why should you avoid Arbitrage Betting?

Numerous websites and software tools have popped up which claim to allow you to spot guaranteed profitable betting opportunities, by taking advantage of the differing prices on outcomes in the same market between different bookmakers. We explained how you could start to find the best value markets at your favourite bookmaker. This involves working out the overround on a particular market. The lower the overround the better. However, these websites and tools take this a step further, and claim to be able to find opportunities (by placing bets at multiple bookmakers, on different outcomes in the same market) when there will effectively be no overround, and in fact the book will be less than 100%. This is called arbitrage betting. We strongly recommend you avoid arbitrage betting. Although, the opportunities they spot will be real (if you are using a reputable service), we still recommend you avoid this form of betting. There is usually a fee involved to use these services, and even though the opportunities to make a profit might be there in theory, in practice they are difficult to profit from.

Why avoid arbitrage betting? Your account may be closed, or bets revoked.

  • Bookmakers generally hate arbitrage betting.
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moneyline odds

How do Moneyline Odds work?

We have already explained how to understand the Fractional Odds system used by UK bookmakers, as well as the popular Decimal Odds system. For completeness, we thought we would also explain the ins and outs of Moneyline Odds. This system is popular in the USA, and as such we will use dollars in the examples below (but of course the same principles apply whatever the currency). To understand Moneyline Odds, first look at if the odds are positive or negative. Then, look at the odds. Moneyline Odds are expressed per $100 staked (although of course, you should be able to bet any amount, subject to minimums or maximums).

  • POSITIVE Moneyline Odds show how much profit you will get if your bet wins, for every $100 staked (if you win you will get back your original stake too).
  • NEGATIVE Moneyline Odds show how much you will have to stake, to get $100 profit if your bet wins (if you win you will get back your original stake too).

Let’s look at two actual examples:

  • +500: this means for every $100 bet, $500 profit will be paid if your bet wins (i.e. if your bet wins they will return you original stake of $100, and pay you another $500).
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