Arbitrage Betting Guide: What It Is and How to Do It in Sports Betting

There might be a certain player in a team that plays substantially well in the rain. And you can only dig up this information from the research you do. Even the bookmakers might not know what you can know from research.

Compared to in-play betting, the odds are not moving so fast at most bookmakers. Again, we are simply dividing the total winnings ($1,000) by the odds for each outcome to determine the stake for that leg of the bet. Despite the extra outcome compared to 2 way betting, the process is fundamentally the same. Sum the probabilities of each of the outcomes and see if they are less than 100%. This gives you the necessary stake for to ensure a guaranteed profit.

From what you have read so far, if you think arbitrage betting might not be what you are after, you can always go with other bets. There are many sports bets available in Nigerian bookmakers that you can use to make some money while having fun. The basic concept of profiting from arbitrage betting relies on the sports odds. The bigger the difference between odds, the more you can make from arbing. And as a Nigerian, knowing the decimal odds will take you a long way as it is the most common form used. When you find a betting exchange for your endeavors, the thrill of arbitrage betting skyrockets!

Arbitrage betting is probably one of the safest ways to guarantee a profit in sports betting. It does come with a risk, namely having your account either suspended or canceled. If you decide to try it, then stick to operators that don’t mind arbing. Arbitrage betting requires time and effort, but can be very profitable over the long run. 🔹 Whether you rely on an arbitrage betting software or not, you will be able to find plenty of arbitrage opportunities.

Pros and Cons of Arbitrage Betting

To understand why you should go with arbitrage betting, you need a little understanding of how bookmakers work in Nigeria. Each of the sportsbooks has its team for coming up with the odds. For arbitrage betting to work, your stakes must return more than the initial amount. If you start with N10,000 and place multiple arbitrage bets across a few bookmakers in Nigeria, the final payout must go over N10,000.

Specifically, you’re looking for large differences in lines where the odds present an opportunity where you can’t lose if you place your bets correctly. As you saw in our previous example, there was not an opportunity for arbing. But we can always change the odds to find out whether you can make money or not.

Arbs are really good for profit short-term, but they’re not good for the health of your accounts long-term. You might laugh about the small £2.30 figure, but it only takes a minute to get the bet on and lay it off on Smarkets. You will be able to withdraw your balances and profits — they can not take these from you so don’t worry about that. If you arb too often, your account will likely see promotional restrictions, stake restrictions, or account closures.

The Difference Between Arbs & Price Boosts

• You want to keep your account alive for as long as possible so you can take advantage of this cash machine.
• As a general rule, arbitrage betting is restricted to games with relatively close lines.
• Accounts across all sports betting sites offer the largest menu of arbitrage chances.
• Before we dig deeper, let’s look into a quick example to hammer home the concept.

Prepare in advance by logging into your bookmaker and exchange accounts and ensuring that your balances are adequate for placing bets. Monitor the odds closely and place your bets as quickly as possible to secure your profits before the odds change. The use of sophisticated tools and technology makes arbitrage betting more efficient. Placing arbitrage bets involves careful planning and execution to ensure you lock in guaranteed profits from price differences across different bookmakers.

If you’ve never heard of the term ‘arbitrage betting’, you are not alone. A lot of roobet punters might score a lot of experience in the industry and yet not know about this betting. It’s a surefire way to get your money back on any sports you choose.

Identify a genuine arbitrage opportunity by comparing odds from various bookmakers or betting exchanges. Use arbing tools or software to find which combined bets mathematically guarantee a profit. Leveraging bookmaker promotions such as odds boosts and free bets is a lucrative way to enhance profitability.

Arbitrage betting is perfectly suitable for punters who want to make sports betting a sensible source of income. You cannot hope to make millions from it because you will spend double when compared to a regular punter in Nigeria. Whether you’re using a regulated bookmaker or one of the top offshore sportsbooks, you can unlock exciting benefits, using sure betting. This arbitrage blog was formatted and fact checked by OLBG Betting Expert Nigel Skinner. He has been betting, trading and arbing for over twenty years and brings his wealth of knowledge to these betting articles.

Also, it’s hard for bookmakers to detect it since you are not directly betting on opposing sides. Arbitrage betting isn’t a get-rich-quick scheme, but it’s one of several betting strategies where you can win over time without relying on luck. If you stay disciplined, use the right tools, and act fast, you’ll be one step ahead. The sportsbooks make the rules—but arbing lets you beat them at their own game. Odds move fast, sportsbooks adjust, and limits get cut if you’re too obvious. That’s why you’ll need to use multiple accounts, mix in regular bets, and avoid drawing attention.

As we have previously mentioned, a betting exchange is an online bookmaker that allows you to place arbs in exchange for a commission. You can take away that edge your favorite sportsbook has over you. You can do better in terms of research and utilizing the odds.