Sports arbitrage betting

Sports Arb

A sports arbitrage is possible when the number of sporting outcomes is small [e.g. win, draw, lose]. Typical examples include Football, Tennis, American football, Cricket, Rugby etc.

An arbitrage is possible when different bookmakers offer different betting odds for the same sports event. The punter can take advantage of the price differential whilst not needing to know anything about the sport.

e.g FA Cup : Manchester Utd vs Exeter
Two bookmakers A and B are offering different odds on the result of the match ::
BOOKMAKER A: 1.35/1 : Manchester Utd to win
BOOKMAKER B: 7/1 : Draw odds
BOOKMAKER B: 15/1 : Exeter win odds

By splitting the original stake [say £100] it is possible to guarantee a profit no matter what the outcome of the football match.
i.e. Man Utd £77.951 x 1.35/1 = £105.23
Draw £15.033 x 7/1 = £105.23
Exeter £7.016 x 15/1 = £105.23

This is a risk free sports arbitrage example providing a profit of £5.23 [5.23%].

More Sports Arbitrage Betting.