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How Arbitrage Betting Works: A Guide

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Summary：Learn how arbitrage betting works and how to take advantage of discrepancies in odds to guarantee a profit. Back/lay and standard arbitrage are covered.

Introduction:

Arbitrage betting is a popular strategy used by many sports bettors to makeprofits. It involves taking advantage ofdiscrepancies in oddsoffered by different bookmakers to guarantee a profit regardless of the outcome of the event. In this article, we will take a closer look at howarbitrage bettingworks and the different types of arbitrage bets.

What is Arbitrage Betting?

Arbitrage betting is a betting strategy that involves placing bets on all possible outcomes of an event at different bookmakers to guarantee a profit, regardless of the outcome of the event. This is done by taking advantage of discrepancies in odds offered by different bookmakers.

For example, let's say there is a tennis match between Roger Federer and Rafael Nadal. Bookmaker A offers odds of 1.8 for Federer to win, while Bookmaker B offers odds of 2.1 for Nadal to win. By placing a bet on both Federer and Nadal at the different bookmakers, the bettor can guarantee a profit regardless of who wins the match.

Types of Arbitrage Bets:

There are two main types of arbitrage bets: back/lay arbitrage andstandard arbitrage.

Back/Lay Arbitrage:

Back/lay arbitrage involves placing bets on both the back and lay markets of a betting exchange. The back market is where the bettor bets on a particular outcome to happen, while the lay market is where the bettor bets on the outcome not to happen.

For example, let's say there is a football match between Manchester United and Chelsea. The back odds for Manchester United to win are 2.0, while the lay odds for Manchester United not to win are 1.9. By placing a back bet on Manchester United at the bookmaker and a lay bet on Manchester United not to win at the exchange, the bettor can guarantee a profit regardless of the outcome of the match.

Standard Arbitrage:

Standard arbitrage involves placing bets on all possible outcomes of an event at different bookmakers to guarantee a profit. This is done by taking advantage of discrepancies in odds offered by different bookmakers.

For example, let's say there is a horse race with four horses running. Bookmaker A offers odds of 2.5 for Horse A to win, Bookmaker B offers odds of 3.0 for Horse B to win, Bookmaker C offers odds of 3.5 for Horse C to win, and Bookmaker D offers odds of 2.0 for Horse D to win. By placing a bet on all four horses at the different bookmakers, the bettor can guarantee a profit regardless of which horse wins the race.

Conclusion:

Arbitrage betting is a popular strategy used by many sports bettors to make profits. It involves taking advantage of discrepancies in odds offered by different bookmakers to guarantee a profit regardless of the outcome of the event. There are two main types of arbitrage bets: back/lay arbitrage and standard arbitrage. When using this strategy, it is important to carefully research and compare odds across different bookmakers to ensure a profitable outcome.

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