Arbitrage or ‘arbing’ is a betting/gambling system which allows a customer to place multiple bets simultaneously to guarantee profit regardless of the outcome. These might also be referred to as surebets, surewins or simply just as arbs. This system is possible when there is a difference between odds that allow a profit to be made by covering all outcomes. These opportunities are usually highlighted when bookmakers disagree on odds. Arbing follows a more mathematical process in pursuing a steady profit.
Matched betting is the common example of arbitrary betting where there is a clear pattern of minimising losses by placing bets on opposing outcomes. Arbing is completely legal, but unsurprisingly unpopular with the betting exchanges because it costs them money over time.
One of the great problems for modern punters is dealing with bookmakers who restrict their accounts in stake size to tiny amounts (often after a relatively small amount of profit has been shown on the account). This is in part due to the fact that we live in a betting exchange driven world, where the prices on Betfair dictate the market throughout the industry (forming the prices they will offer against horse racing, football and a wide range of other sporting events). Essentially bookmakers can now see the ‘right price’ that the market decides, and if you are a profitable punter regularly beating the Betfair SP or the exchange price then you are very likely to find your stake size is severely restricted. Many punters use smart technology to help them make considered betting decisions. This applies to users of Beth.bet whose innovative system alerts them to market moving horses in the right direction, particularly on the morning of horse racing events. This is likely to lead to bookmakers flagging and restricting punters accounts more quickly. However, arbing is still fairly tricky for bookmakers to spot and some claim they don’t restrict arbs at all.
So, what can punters look to do to avoid having their accounts severely restricted and risk limiting profitability?
There are a number of options available – here are our top 5 solutions for beth.bet users:
1. Open as many bookmaker accounts with as many firms as is possible and give yourself maximum access to the large number of options out there so that you can always access the top prices available.
2. In a Covid-19 free world placing bets at a betting shop itself is a great way of diluting account impact, diverting your play across other betting outlets. Here there is no account sign up and invariably you play in cash without the limitations or tracking of online play.
3. Use rounded stakes online rather than specific percentage driven odd amounts. Bookmakers will spot arbers who back horses at 8/1 and lay 7/1 on the exchanges. For them it can raise the flag that the account is unprofitable for them. If you use £10, £50 or £100 rather than something that is typical of an arbors behaviour – often they will use odd amounts £27.28 @ 13/2 or similar these stand out as trying to lock-in a profit at the exact amount they are trying to match on the other side with their bots and devices to do so.
4. Play in a variety of markets and be aware of last-minute changes and price fluctuations. Arbing margins can be tight, so it is important to constantly review the market movers. You can tailor your Beth.bet account to help you keep ahead of the game and maximise your selections.
5. Keep withdrawals to a minimum as this can also flag arbing activity. Constant activity on the account in particular making multiple withdrawals will feature in the bookmaker’s weekly P&L reporting.
So, can you see a decent return on arb betting? Yes, over time and by using smart-tech tools like Beth.bet you can see a steady ROI. Beth.bet is just in part identifying arbs, alongside in depth analysis from a well tested algorithm. This is steady punting, without the stress, and a more responsible way to play. Like all professional punters, keep track of all transactions, use the available tools and check for last minute market fluctuations.