Arbitraging in sports betting is technique when you make two opposite (Back & Lay) bets on two different sports betting exchanges and get guaranteed profit from the difference in odds.
For example, you can place Back bet on Betdaq and Lay bet on Betfair. If you find a race with a runner which has Back price on Betdaq higher than Lay price on Betfair your profit is guaranteed whatever horse wins. It’s possible to place Back bet on any regular bookmaker site, like Ladbrokes.com.
Arbitraging may sound simple, however there are some obstacles which you should consider.
First, you should take into account the commission that Betfair or any other exchange takes from winnings. Also consider any other fees and charges related to deposits and withdrawals.
Remember that you will need to redeem your funds between two betting sites because one of two arbitrage bets will always lose and you will need to deposit more funds into your account.
Bear in mind that there are other traders who are looking for arbitrage opportunities. You should make your bets quickly before the odds move. The best way to achieve this requirement is to have some automated software or Betfair bot.
To increase your chances you may consider searching for arbitrage bets on more than 2 betting sites. For example, you may include both Betfair and Betdaq plus few bookmakers sites.
