What Is Sports Arbitrage Betting?
Arbitrage bet is a betting activity where the punters place bets on all possible outcomes of an event. They do so at determined odds so that they can make a profit regardless of the outcome of the event. These types of bets are also called surebets, surewins or arbs.
Arb betting is only possible when there is a discrepancy between odds offered by different operators. This allow a profit to be made and normally it is applied to binary bets that only have two outcomes. For instance, a tennis match where only two results are possible.
When Abitrage Opportunities Will Arise?
Arbing opportunities can arise when bookmakers have clear disagreement on odds or they make errors when pricing a market. Arbing is far from traditional gambling as it does use a mathematical process to secure the profit. The majority of arbers do not have interest in the sport they are betting on.