2012 was a very bad year for sports betting fans – due to the introduction of Betting Tax. This was over a decade ago, but it’s still true today. Finding profitable bets has become very difficult, and arbitrage bets are even harder to find.

Surebet is rare and will be explained in this article in Technical Arbitrage Betting. Wettbasis hopes that the explanation is useful to you and sometimes you will find two similar situations in the future to confirm the result in a few seconds. Wettbasis explains what arbitrage betting is and shows a rare example of a free win.

What are they?

Arbitrage betting is usually explained using examples, but it is important to explain the basics. Wikipedia aptly summarizes arbitrage:

Arbitrage (in economics) is the simultaneous exploitation of price, interest, or cost differences in different locations without risk, in order to obtain a profit.

This explains everything that matters: on the one hand, it is important to take advantage of price differences without problems (for betting, these are different). For example, a counter-argument is tennis betting with different cancellation rules.

However, it is important that the results come quickly. Anyone who buys a security and later sells it is buying value. Only viable options used simultaneously are compatible with arbitrage betting. Generally speaking, sportsbooks have a long time between betting 1 and betting online. However, if it lasts no more than a few seconds, it is called an arbitrage bet.

However, in the gambling world, the term arbitrage is misused in trading, although price changes may produce results only hours or days later.

Example

Simple example, ignoring betting taxes, you need to understand arbitrage betting in this context. We consider the following football matches in the betting market:

Goals under 2.5: 1.75

Goals under 2.5: 2.50

4 and always check the handicap 4 444 8 which is more than 100% if the prices are evenly distributed. Since bettors are not really mathematicians and arbitrage betting often requires speed, Wettbasis uses the Wettbasis Surebet calculator to calculate winning odds. The entire division and everyone’s position can be placed there and bettors still get the odds and full returns.

In this example, the base price of 100 euros is distributed as follows: for 0-2 goals, @2.50 includes 41.18 euros; for more than 2.5 goals, 1.75 includes 58.82 euros. The winning bet costs €102.94, so after deducting the first payment, a profit of €2.94 is found in return. The actual arbitrage profit is 2.94%.