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.