# Arbitrage betting football spread

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Bookmakers consider this to be a risk to their businesses, so they take active steps to detect and restrict it. What is arbitrage betting? In a tennis match, this would mean placing two bets: one on each player to win. A football match would require three bets: one on each team plus one on a draw. This can be done by placing bets at different betting companies or at the same betting company.

To guarantee profit, arbitrage bettors calculate the right combination of odds and bets, which are called arbitrage opportunities. When arbitrage opportunities occur Arbitrage opportunities occur when bookmakers imprecisely calculate probabilities. This can happen when the bookmaker: Fails to react to live events in real time.

In dynamic sports such as basketball and tennis, odds can change multiple times per minute. This means that bookmakers often have no time to react and change the odds. Sets the odds too high. The betting market is highly competitive. Booking companies are interested in both retaining existing bettors and gaining new ones. This leads to odds getting set higher and higher, as bookmakers wrestle for market share.

Arbitrage opportunities can stem from a single bookmaker or from a difference in odds for the same event between several bookmakers. To identify arbitrage opportunities such as the one above, players need to constantly monitor the odds of one or several bookmakers and calculate potential income using both manual or automated solutions. Of course, there are some sportsbooks that allow multiple bets on the same matchup.

However, they are quite rare nowadays. Additionally, this way you will be fully reliant on the fluctuation of odds and might have only a few seconds to place your bet. You will most likely have a better chance if you look at multiple sportsbooks. Then, you need to calculate the sum of the probabilities of all possible outcomes.

Finally, you need to divide the implied probability of each outcome by the sum of all probabilities, individually. So, since this might be a little hard to understand without an illustration, let us give an example to clarify. Say, the Patriots are playing the Colts. The odds for the Colts are 1. We then need to multiply this number by to get the implied probability which in this case would be The odds for the Patriots, on the other hand, are 8.

We apply the same equation and get the number Now, to get the market total we need to do some simple addition: Now, in order to calculate how big your bets should be we need to divide the individual implied probabilities by the market total and then multiply that by So, for the Colts you get Then, for the Patriots the equation would be: All you need to do is multiply that number by each figure to get the size of each bet you should place.

We will go into more detail as to how to calculate your profits in the next section. Now, we will go over another way to make arbitrage bets. Betting Exchanges When there is no large discrepancy between the same-event odds of one bookie and another you might want to consider betting exchanges. The odds for them are different and they give NFL lovers the opportunity to back or buy the outcome, the opposite being to lay or sell it.

However, this type of bet is charged a commission fee by the bookie. Naturally, you will have to do some more math to get a figure. First, you need to take your individual stake and multiply it by the odds. Then, you need to deduct your total stake and you will have a number that expresses your guaranteed profit.

Let us illustrate this by using the previous example. As you can see, the profits from arbitrage betting are not big but they are certain. When it comes to all forms of gambling, profits are never guaranteed, so this is why arbitrage betting is so highly sought after. It accomplishes the impossible and guarantees you a win every time. What Makes Arbitrage Betting Possible The large variations between betting markets of different sportsbooks make this form of betting possible.

They are quite hard to find though, as we already mentioned. This is because there are rarely such large differences between the odds on one event, regardless of how many sportsbooks you look at. Bookies are usually in agreeance and while you can find odds that are slightly better or slightly worse, the opportunity to make an arbitrage bet quite rarely arises.

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#### Strategy October 13, Arbitrage betting refers to when a sports bettor makes multiple bets on the same odds market in an attempt to profit no matter the outcome of the event.

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