By taking advantage of the discrepancies between prices of the many internet bookmakers, you can guarantee yourself a profit.
This system is called 'Arbitrage Betting.'
A real life example - For the football match between Denmark and Italy on the 14th June 2004, the odds offered on 8th June were as follows:
Demark to win @ 5.35 Expekt
Draw @ 3.71 Bet24
Italy to win @ 1.91 Betoddoreven
Arbitrage(arb) betting involves betting on all the possible outcomes of an event, where the odds are such that you will be in profit whatever the result.
£1 bet on Denmark, gives you a profit of £5.35
Thus a bet of £1 divided by 5.35 = $0.18 gives you a profit of $1 in the case of a Denmark victory
Similarly you need to bet £0.27 to win £1 in case of a draw
And you need to bet £0.52 to get £1 back in case of a draw
So to get a £1 back whatever the result, you need to bet
£0.18 + £0.27 + £0.52 = £0.97
So for every £0.97 bet you will get back £1
Or, conversely for every £1 you bet you will get back £(1 divided by 0.97) £1.03 for sure, a return of 3% on your money!
How can you spot an arb? EASY! Use our odds comparison engine @ freebet.co.uk. For events in which every possible outcome is quoted (such as the 90 minute result of a football match), you can get an idea of value by looking at the best price percentage (BPP). Each bookmaker builds a margin or "over-round" into its odds, but by taking the best odds available this margin is usually dramatically reduced and occasionally removed completely. The lower the BPP the more value there is in betting on the event, and on the rare occasions when it drops below 100% you can make sure money by backing every possible outcome!
Spot Arbs Now!
