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Matched betting and Arbs


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Best way to explain it is to give an example.

Say Bookie A was offering a price of 6/4 on Andy Murray to beat Roger Federer and you then found that Bookie B was offering 6/4 on Roger Federer to win you back both players.

Andy Murray £100 win vs Roger Federer at 6/4 gives a return of £250

Roger Federer £100 win vs Andy Murray at 6/4 gives a return of £250

Your liability is £200 (2 x £100 bets) and you are guaranteed to return £250 giving a profit of £50 no matter what the result!

Simple eh!

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Best way to explain it is to give an example.

Say Bookie A was offering a price of 6/4 on Andy Murray to beat Roger Federer and you then found that Bookie B was offering 6/4 on Roger Federer to win you back both players.

Andy Murray £100 win vs Roger Federer at 6/4 gives a return of £250

Roger Federer £100 win vs Andy Murray at 6/4 gives a return of £250

Your liability is £200 (2 x £100 bets) and you are guaranteed to return £250 giving a profit of £50 no matter what the result!

Simple eh!

Where do we find bookies offering that sort of range though?

And is it limited to bets with only 2 outcomes, as in your example above?

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Where do we find bookies offering that sort of range though?

And is it limited to bets with only 2 outcomes, as in your example above?

 

You wont otherwise everyone would do it . As it says it is just an example of what an arb is! Not limited to 2 outcomes but gets pretty complicated .

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If you mean matched betting, by using opening account offers such as free bets, and laying them off on betfair making 100% guaranteed profit. this can be very profitable, i used to do it a year ago, but there are only so many offers to take advantage of, and im all dried up now. but there is easily a couple of grand in it. check out http://forums.moneysavingexpert.com/showthread.html?t=325861

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If you have the time and inclination to look long enough then the arbs are there but you need to check so many odds it becomes a real chore. Even something like Oddschecker does not really help since most of the opportunities are in such obscure events you will not find the prices on there and one sure bet is that if you do find a less than 100% over round on Oddschecker then it will not be there for very long! Anyway, you need a figure of at least as low as 95% to make it really worthwhile unless you have 1000's to put on and if you can afford that why bother !!

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If you mean matched betting, by using opening account offers such as free bets, and laying them off on betfair making 100% guaranteed profit. this can be very profitable, i used to do it a year ago, but there are only so many offers to take advantage of, and im all dried up now. but there is easily a couple of grand in it. check out http://forums.moneysavingexpert.com/showthread.html?t=325861

 

That I definitely agree with and I'm in the same position in terms of having no free bets :( However, if you have not used online bookies ( or used only a few) then it is really a no brainer as you can make easy money. Bet72 is a good site even if Darren who runs it does support Reading! The group is on FB:

 

http://www.facebook.com/s.php?q=Bet72&init=q&sid=e7e50879fe5f280472a5ccf445c8c69e#/group.php?gid=9117661374

 

The direct link to his webpage is:

 

http://www.bet72.com

 

He'll also give you free advice as to how best to take advantage of the free bets.

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