sports arbitrage trading is all about spotting inconsistencies between different bookmakers' prices that regularly exist. As a result of mistakes by fixed odds bookmakers an under round occurs. An under round forms the basis of a sports arbitrage bet. Simply the under round is when the total number of probabilities priced by the odds on that event are below 100%. A typical under round is where you would have to invest £96 to get the bookmaker to pay you £100. Using this example a sports arbitrage bet would give you a return of 4%. You can expect a return of around 4% for sports arbitrage bets. Sometimes you will get more than 4%.
sports arbitrage bets win regardless of the outcome of the event without any need for expert knowledge of sports betting or sports. This is one of the reasons sports arbitrage betting has a popular following.
There are two sides to any fixed odds bet, back and lay. sports arbitrage bets come as back / back bets or back / lay bets.
Lets have a look at how these sports arbitrage bets might look.
Back / back sports arbitrage
In the week of October 7th there were many arbs between 3% and up 9.17% for the European Championship Qualifiers played that week. Several of these sport arb opportunities lasted longer than normal because of the massive amount of interest in the games.
An example of one sport arb that week is given below: -
Poland Vs Latvia You could bet: - Latvia at 15.0 with Bet365 or Eurobet The Draw at 7.0 Luvbet Poland at 1.35 with several bookmakers including Unibet.com and Nordicbet.com. The odds have been converted to a percentage to make it easier to visualize.
By splitting your total stake Poland 77.951%, Draw 15.033% and Latvia 7.016% you would guarantee a profit of 5.23% regardless of the outcome of the match.
i.e.
Poland 77.951 x 1.35 = 105.23 Draw 15.033 x 7 = 105.23 Latvia 7.016 x 15 = 105.23
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