Arbitrage betting is unquestionably one of the best sports betting strategies that you can use and win sure profits. With this strategy, you only need to bet on all possible outcomes in a sporting event and get guaranteed profit regardless of the final results. The strategy, however, works best if you use it the right way. If you don’t, then the chances are that you will not make big profits in the long run. In this article, we will tell you some of the tips you can apply and get the best out of sports arbitrage betting.
1. Place Large Wagers
As you probably know, the profits you will get from arbitrage betting are minimal. In fact, most arbitrage bets will only give you a profit of 1-5%. This is to say that if you want to make big profits, you must place large wagers. For example, some arbitrage betting sites recommend that you have a starting capital of at least $1000. With this, you will most likely recover your capital within a few days and double your profits within two or three weeks. As you place large wagers, you need to note that bookies may become suspicious. To this end, you must be smart in your dealings.
2. Sign-Up with Multiple Bookmakers
The truth is that you will not make any profits if you are relying on one betting company. This is because arbitrage betting involves betting on the same market at different bookmakers. So, if you want to make some profits, you must register with as many bookies as possible. Also, most arbitrage betting sites offer sure bet opportunities from different bookmakers. This means that the more player accounts you have at different bookmakers, the more sure bet opportunities you will have access to.
3. Sign-Up with Arbitrage Betting Sites
Finding sure bets opportunities manually is indeed time-consuming. In fact, you can spend a day or two trying to find arbs. However, if you join trusted arbitrage betting sites, you will access plenty of arbs right away. All you need to do is create an account and subscribe to the monthly or annual plans. The available plans are affordable, so there is no need to worry about your budget.
4. Always Start with Free Arbs
Most arbitrage betting sites provide new customers with free arbs for a few days. Well, you can take advantage of these free sure bets before paying for subscription plans. The good thing with free arbs is that you get a chance to learn how an arbitrage betting software works without paying anything.
5. Only Bet at Legal and Legit Online Bookmakers
Before you place any bets, you should first consider whether the bookmaker is licensed or not. If you bet at illegal bookies, you will not be able to withdraw your winnings. Well, you can know whether a bookie is legal and legit by checking the licensing information. Still, you can check what existing bettors say about the site.
Arb betting is one of the proven ways of earning consistent profits through sports betting. The profits are small, but there are ways you can make them big. For instance, you can place large wagers, join arbitrage betting sites, sign-up with many bookmakers, etc. Well, these are just a few tips for successful arbitrage betting. You can apply them, and you will always be part of the winning team.