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Arbing opportunities typically arise when bookmakers disagree on odds or make a mistake when pricing an event. This means that the key to leveraging arbitrage opportunities is speed. You have to act before the bookie catches up with the market or corrects their error.
In this scenario, you want to get the best price for your desired handset so that you save money. Of course, you could use comparison sites or manually do your research by clicking on each phone shop to find the most competitive prices. Your profit is the difference between the cheapest rate the lay and the highest price the back. If that still sounds confusing, see it like this. In the phone example above, we mentioned two options: doing manual research or using comparison sites.
The best arbitrage calculator by far is the Oddsmonkey Oddsmatcher tool. This fancy bit of kit compares odds from both bookmakers and betting exchanges automatically, saving you the hassle of doing it manually.
We can see that Betfred is offering a 7. Of course, you could highlight arbitrage opportunities manually by keeping a spreadsheet and recording odds across the market for a particular event. The easiest way to place an arb is to back an outcome with a traditional bookmaker while laying betting against that outcome on a betting exchange like Betfair. As with the horse racing example above. To work out whether you have an arbitrage opportunity, we use an arbitrage calculator, which is no different to what you would use for matched betting.
In the example above, we would simply open up the Oddsmonkey Calculator and input the odds. The calculator will take care of the rest, telling you exactly how much you need to bet and lay in order to make a healthy profit. Not bad for clicking a few buttons! Arbs come and go very quickly, as bookies change the odds when they realise odds move. One of the players has decimals odds of 2. If you set that a penny as in the example , it could arouse suspicion from the bookmaker — so I recommend rounding bets to either 50p or the nearest pound.
Ask yourself: would an everyday punter repeatedly stake these exact units? He now spends his time teaching other people matched betting techniques. The process of choosing betting sites is not easy. It is a difficult decision due to variety of available options, since there are hundreds of bookmakers with different and fluid odds, terms and conditions, KYC procedures etc. High odds are not enough; you should take under serious consideration also rest variables each betting company provides you and check which benefits are more suitable to your needs.
Most betting companies might look similar but be entirely different. In order to arbitrage trade, arbers should do some market research. Do some research and try to keep up reading about it to find out more info about them by Forums and Arbitrage Guides. It is more than necessary to do some research before transferring your money. Bonus is a very tempting marketing tool a lot of bookmakers are using to attract you.
However, highest bonus should not be your main criterion since it is not going to show you if the company is reliable.