What is arbitrage betting and how does it work
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Imagine there’s a playoff grand final between the Dolphins and the Sharks this weekend.
You notice on MinnowBet that the odds are 4:1 for a Dolphin win. So a dollar bet on them will net $4 if they win.
You also note that on JellyStar Casino, the odds are 2:1 for a Sharks win. So a $1 bet on Sharks there will net $2 if they win.
If you do the maths, that means that if you bet
* $1 on the Dolphins at Minnowbet, and
* $2 on the Sharks at JellyStar Casino,
then you’ll win $4 from one of them no matter who wins. You lose at the other, but you make a profit no matter what.
If you place those bets, that’s “arbitrage betting”: a combination of bets that is guaranteed to be profitable overall, no matter what the outcome is.
Usually arbitrage betting opportunities are not so generous, and not at all so obvious. You might have to look at a complex ticket spread over multiple gambling outlets, and do some complex maths, to find one or two every now and then.
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