Arbitage Betting

Outright Odds

Barclay's Premier League 2020/21 To Win Outright Markets

Last updated on 11 Sep 2011 at 12:01 PM

Arbitage betting refers to opportunity betting in which punters guarantee a “sure bet” by betting on a game at two or more bookmakers. Since it is well known that bookmakers each have unique odds, it is possible to bet on one competitor at bookmaker A and bet on the second competitor at bookmaker B (or bring in a third bookmaker to cover the draw).

Example

In simple terms it’s possible to use a tennis match as an example. At the first bookmaker the odds for player 1 are 2.05 and 1.90 for player 2. At the second bookmaker the odds for player 1 are 1.90 and 2.05 for player 2. By putting $100 on player 1 at the first bookmaker and $100 on player 2 at the second bookmaker, it is possible to guarantee a profit of $5 regardless of the outcome.

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Pros

It is possible to often create as close to a “sure bet” as possible which is unheard of in the world of gambling.
Over time little wins can amount to a significant profit.

Cons

Some bookmakers might be aware of arbitrage betting and can limit your stake without warning. It’s usually wise to use a bookmaker for one bet and a betting exchange like Betfair for the other to prevent being caught.
Unforeseen events such as rioting fans or bad weather could result in one bookmaker taking the bet so make sure to know the bookmakers rules.

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