Novice gamblers or sports fans that like to bet on sports often ask the question “is sports arbitrage gambling?”. This often leads to the wrong questions. Therefore, in this article we will specific answer the questions you have. The short answer is no, because it is not gambling.
However, sports arbitrage gambling is not the same as traditional betting arbitrage. When I say traditional betting arbitrage, I mean the practice of placing bets on all possible outcomes of a specific sporting event, excluding the favorite. Sometimes this is called “arbing”. In sports arbitrage, you bet on all possible outcomes of a specific sporting event.
In a nutshell, sports arbitrage allows you to bet at different bookmakers at the same event, in order to cover all possible outcomes of the event. cover all the possibilities or odds. This means that you will have a profit, regardless of the outcome of the event.
This profit margin is called the “spread.” The spread is the difference between the odds offered by the different bookmakers. When you place a sports arbitrage bet, you are betting on the difference in the odds at the different bookmakers.
Example:
Bookmaker 1 has odds of 1.10 on Team A and 8.00 on Team B
Bookmaker 2 has odds of 1.20 on Team A and 5.00 on Team B
If you bet $835 on 1.20 at Bookmaker 1, and $57.50 on 8.00 at Bookmaker two, you will have $EDD ($1.20 – $8.00). This means you have a 10% loss.
If you bet $835 on 1.10 at Bookmaker 1, and $50.00 on 7.50 at Bookmaker two, you will have a $EDD ($1.10 – $50.00). This means you have a 15% loss.
As you can see, you can avoid losses by betting at the best odds. Remember, the higher the odds, the lower the risks. Sports arbitrage trading is the only way to bet with a low risk on outcomes.
The trading opportunity is not found in the Betfair markets, because there are no markets. The sports arbitrage markets allow you to bet with a low risk on outcomes. Although there are security systems on betfair, you will still need to make sure you trustworthy bookmaker before depositing money.
Bookmakers exist in many places, but not all areas of the UK have them. Therefore, you must shop around before you place your bet. I found a bookmaker who deals in pounds pounds (£GBP) and used their services.
It is possible to bet using credit cards on many betting sites, regardless of how the site operates. Some sites give perks to depositing money into your account. One site I found gives you 15% extra credit to your account when you deposit £20 or less. I deposited £20 and kept £70. I left the £30 bet onGCBet to lose and got a £30 free bet instead. Had I lost the bet I would have lost £30, not £70.
I can’t stress this enough. As I type this, there are many offers available to new betters. The bookmakers are coming up with new ways to squeeze more money out of your probabilities and you should seriously consider taking advantage of those.
If you are a new to the game, don’t believe in guaranteed free money.Real life events are unpredictable and you will face some losing streaks.
Happy gambling.
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