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What is arbitrage betting?
Arbitrage betting ( arbing ) simply means betting on all possible outcomes of an event to guarantee a profit percentage of the staked amount. Example: Chelsea vs Arsenal. Possible outcomes: Chelsea win, Arsenal win or a draw. Arb: Chelsea (win) and Arsenal(win/draw) If Chelsea wins we win, If Arsenal wins we win and if the match ends in a draw we still win our bet. The above example is just an example of multiple betting combinations that can result in an arb.
Is arbitrage betting gambling?
Gambling is the wagering of money or something of value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning money or material goods. In arbing we avoid uncertainties by covering all possible outcomes of an event. Gamblers hope for a profit, arbers are assured of profit. I like to put it this way to my friends, gamblers stake $30 hoping to win $300 while arbers stake $300 for a guaranteed profit of $30. Imagine being guaranteed profit every time you place a bet. The surety of profit in arbing, totally takes away the preconceived gambling factor in sports betting.
Getting ready
To start arbing you need to have accounts with at least 2 bookmakers, arbing on the same website is not advisable. Bookmakers don’t like arbers, so it’s best to use multiple betting websites (bookmakers).
List of Bookmakers to use
www.1xbet,com
sportybet.com
bet9ja.com
merrybet.com
nairabet.com
betpawa.com
How much can I make?
You can make as much as you want and as low as you want. The more arbs you take on, the more your profit. . And also the more money you have to take on arbs the more you make, the only limit is what you set.
Example of an Arbitrage opportunity
In a game between Chelsea and Arsenal
Chelsea to win (on bet9ja) with an odd of 2.3
Arsenal to win or draw (on merrybet) with an odd of 2.1
using a capital of 100k for instance and by making use of an arbitrage calculator ( http://www.arbworld.net/en/info/arb-calculator ) to know how much to stake on both betting websites to make a guaranteed profit.
stake 47727.27 on bet9ja 47727.27 x 2.3 = 109772.72
stake 52272.73 on merrybet 52272.73 x 2.1 = 109772.72
As you can see, your guaranteed profit is 109772.72 - 100,000 = 9772.72 with a profit percentage of 9.773%
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