Surely if you are in betting long enough you’ve heard about arbitrage betting. These are bets where the player cannot lose money because he or she is able to bet on higher rates than the margin of the bookmakers. For this to happen, the punter should have accounts in several bookmakers and should be equipped with special software that enables him to monitor the changes of the coefficients for every match in real time.
How to perform the arbitrage bets? When a player has multiple accounts in different betting houses, it allows him to gamble for both possible outcomes of a match in higher than two rates. To understand this properly here is an example. Team 1 and Team 2 meet in a basketball game. At a certain point bookmaker A offers odds for winning of team 1 of 2.05 and for Team 2 of 1.8. However, bookmaker B believes that the favorite for the meeting is team A and offers odds of 1.83 for a home win against the odds for win for the second team of 2. At that time, the punter can make a sure bet. He or she can bet on Team 1 with bookmaker A with odds of 2.05 and for Team 2 at bookmaker B with odds of 2.
Thus, regardless of the outcome of the game the punter won’t lose any money. If team A wins, it will be profit. If the winner is Team 2, he will return stakes.
How profitable are similar endeavors? This is the important question here. First, it can clearly be seen that although the profit is secure it is almost negligible. So to win real money it implies many bets. Many bets in turn imply considerable time which is spent in front of the computer. Of course there are softwares that will ease the work, but they cost a lot of money and won’t save much time.
Furthermore, additional problems are added because the bookmakers interact against such players and without hesitation delete accounts or refuse to pay winnings when doubting about arbitration bets.
All this makes the so-called safe bet not very profitable occupation in the long term. However, here is a video for a tool for arbitrage betting, which may be useful for you.