You will earn bucks on the difference between the odds among the different bookmakers and exchanges on the same event. You then bet on all possible outcomes. If all bookmakers and exchanges have the same odds, you will break even; it is the differential you are looking for.
Because there are hundreds if not thousands of bookmakers and exchanges online, and everyone is looking to earn big bucks on their bets. You will find sports arbitrage opportunities because the bookmakers and betting exchanges cover sports events from all over the world. From time to time, a bookmaker will step outside his or her area of expertise in making odds. The clever money maker can take advantage of the bookmaker’s inexperience in a particular area and exploit the differential in the odds among online bookmakers.
In theory, sports arbitrage seems like a guaranteed win since no matter the outcome of an event, you either win the back or win the lay. This is why arbitrage is often called a “sure bet.” There are few things you should know before you try to earn bucks online through sports arbitrage betting.
Bookmakers often place limits on the maximum amount of money that the bettor can place on any one event. Exchanges on the other hand, do not generally limit the stake. The bookmaker’s limits should not present an obstacle, since a sports arbitrage rarely exceeds more than a few percentage points. Sometimes an event will be postponed for any number of reasons. Some bookmakers will let your wager stand, but others will cancel your bet. If one bookmaker cancels your wager but a second lets it stand you will end up losing the arbitrage advantage since you will have a wager on only one outcome.
Currency and exchange rates can reduce your profit margin. If you want to earn buck online by taking advantage of sports arbitrage, you have to be constantly aware of exchange rates. Online bookmakers operate from all over the world. Often they charge a fee from 1% to as much as 5% for your deposits and withdrawals. Because your sports arbitrage margin can be as small as 1% or 2%, these fees swallow your bucks fast.
Some bookmakers will only place your bets in a particular country’s currency. The big bookmakers make more currency options available so you avoid risking your profit to exchange rates. On exchanges, the prices of bets change rapidly. If you want to earn those online bucks, you have to get your wager in quickly. If your computer or Internet connection is slow, you may loose an opportunity.
If you want to earn bucks online by taking advantage of sports arbitrage, you will have to put in some work and have a fast, reliable computer. Fortunately, most big online bookmakers and exchanges make online calculators and spreadsheets available for their customers.
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