How To Make Money From Arbitrage Betting
Before you start performing arbitrage betting, make sure you have read and fully understand the arbitrage betting guide. The guide is only 3 pages long, but it is worth printing out so you can easily refer to it when necessary. Arbitrage betting involves placing large bets online - so it can be dangerous if you don't fully understand what you are doing.
UPDATE: We have just added an exclusive arbitrage bet finder to our website! This program is completely free to use - just visit our Matched Betting page to use the program. Just select a bookmaker to search, and then click on the match to view the odds at Betfair.
Step By Step Guide To Arbitrage Betting
Join a betting exchange website and fund your account with a large amount of money to start with (perhaps £200) which is used to cover your liabities. You can always add/remove money from the account as and when required.
Now you will need to find an arbitrage betting opportunity. This can be done either by manually searching through the odds available at bookmakers, comparing them against the odds available to lay at the betting exchanges, or you can also join an arbitrage betting service website.
Back the arbitrage bet at the bookmaker that you found the arbitrage opportunity bet (should have higher odds than the odds to lay at the exchange).
Lay the exact same bet using the bet-stake required at the betting exchange. Use a free betting-calculator program to work out the exact stake required, which will also be able to tell you your potential profit from that arbitrage bet.
You would have now completed your first arbitrage bet. You can them repeat steps 2-4; you need to find another arbitrage betting opportunity, and once you do you can then go through and back/lay the bet, to guarantee a profit.
Remember, if you struggle finding arbitrage betting opportunities, you should consider joining an arbitrage betting subscription site like UCantLose, where you will be regularly supplied with excellent arbitrage betting opportunities as and when they occur.
Important: The more money you are able to stake when placing arbitrage bets, the higher your profits will be. However, some bookmakers will start to limit you if you start winning lots of money at their firms. You need to be aware of these limits, and will have to move on to other bookmakers when you do become highly limited. You won't ever get limited at the betting exchanges, but at times you will need to deposit large amounts of money to cover your liabilities. Be careful when performing arbitrage bets as a simple mistake can cost you a lot of money. Read the arbitrage betting guide before you start attempting arbitrage betting.
Explanation Of Arbitrage Betting
Arbitrage betting opportunities occur when a bookmaker sets their odds on an event higher than they should. Money can be made when this happens by using a betting exchange. By betting against that event on a betting exchange (called laying a bet) and backing the event at the bookmaker with the high odds, you can lock-in a profit no matter what happens in the event. Although the difference in odds with the back and lay may only be very small, this value can be greatly increased by multiplying the stakes used when placing the bets.
