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Sports Arbitrage Trading
What do I need to start sports arbitrage trading?
Almost anybody can start taking advantage of sports arbitrage, but to
make a worthwhile income, I suggest that you'll need the following:
- Permission to gamble
It must be legal for you to gamble.
If you're under 18 or live somewhere where gambling is illegal then
sports arbitrage is not for you. If you live in the USA then it is
likely that you are not permitted to gamble. Bookmakers require you to
specify your country when you join their websites, so you may be blocked
from gambling if it is illegal in your country.
- A reasonable amount of money to invest (your "bank")
you could start using sports arbitrage with only a few pounds (or
similar in your own currency). However you must remember that your
profit will be a small percentage (typically 1-5%) of your total
investment in each opportunity. So if you only invest £10 in a 5% (which
is a good return!) arb, you'll only make 50p profit! Therefore you need
to invest as much money as you can in order to show good returns. I
would suggest a started bank of a couple of thousand pounds in pretty
much essential. A bank of £500 might show returns of £20 per arb, which
is not bad at all if you're doing this part time to generate a little
bit of extra cash.
It's not wise to invest money that you need to
pay the bills because events can be delayed and bets settled late. Only
use money that you afford to leave invested for a while.
- Plenty of free time
You're going to have to spend some
time looking for sports arbitrage opportunities, they won't just fall
into your lap! At first it'll probably take while to get used to this
type of activity, but after a while you'll get better. If you have a
couple of hours per day free then you'll probably be able to find a few
arbs. However if you plan to make serious amount of cash then you'll
need more spare time.
- Be well organised
You're going to be placing numerous
large bets with different bookmakers on events that will be settled (you
winnings paid) at all different times. You need to remember (or better
still record) all of your transactions so that you know where
your money is. You will need to request withdrawals from each bookmaker
once your winnings have been credited to your online account.
- General sports and betting knowledge
websites claim that you need no sporting or betting knowledge before
starting as a sports arbitrage trader. That's partly true. But would you
invest your money anywhere where you don't have a clue what's going on?
It's not a good idea!
Contrary to what you might hear, you
should have some prior sports and betting knowledge before
engaging in sports arbitrage. When you're talking about staking large
amounts of money, you should know some basic things about the sports
you'll be betting on and what the different types of bets are.
- Internet access (broadband will help)
Of course you'll
need internet access to access the many bookmakers online. Broadband
internet access is a definite benefit because the sites will load faster
and the whole process of researching odds will be a lot faster.
Research into sports arbitrage
It's a good idea to do plenty of research into sports arbitrage before
embarking as a trader. Here are some websites that I recommend you
Update 16th March 2005
The Arbbest forum is now available
again after being temporarily lost for approximately one week due to the
domain name expiring. Unfortunately all the old posts seem to have been
lost during the disruption.
Update 30th May 2005
It looks like the Arbbest forum has been
under the control of ZRA
all along (see the arbitrage
It's still worth reading because the regulars
post useful information and advice. However, beware ayone who appears to
entheusiastically and remember that some negative posts about ZRA
and Alan Seymour / "Sports
Arbitrage Review" have now been removed!
Things to avoid!
has provided our winning football predictions ATS and SU absolutely free
to all football fans for over ten years. We have never had a losing
- Sports arbitrage investment programmes
You may see
websites that ask you to hand over money for them to invest in sports
arbitrage opportunities in and promise a 10-20% return on your money.
These are scams! Don't be temped to give them your cash. There are many
reasons why they cannot be legitimate, which I will discuss further
- Automated sports arbitrage software
There are many
websites that offer software that runs from your computer which
supposedly scans bookmakers' websites and will notify you of any arbs
that are available. Although sound in theory, many people have found
this software to be virtually useless in practice.
- Costly sports arbitrage calculators
Whenever you place an
arb, you'll need to know how much to stake on each selection. There are
tools available that will calculate this for you. One company (who shall
remain nameless) sells Excel spreadsheets for £67 and another charges
£30 per year. You do not need to pay for this! Read on for my selection
sports arbitrage calculators.
- Dodgy foreign bookmakers
Only use bookmakers that are
trusted. Ideally only use ones that have been established for a couple
of years and have good reviews from online communities. There's nothing
worse than having your winnings disappear if a bookmaker goes bust! It
does happen, so if a price looks far too good to be true, leave it well
- Palpable errors
In the course of looking for an arbitrage
opportunity you may spot a bookmaker whose price is way out of line with
the rest of the market. It could be the case that the bookmaker in
question has transposed his odds. This means that the odds are correct
but have been entered the opposite way around (i.e. the favourite has
the outsider's odds and vice versa). Don't be temped to bet on this and
create a massive arb for yourself. The bookmakers have a rule regarding
palpable (obvious) errors which states that they are allowed to void
bets on them without notice. So you may end up with only one bet
standing and a lot of money being risked.
- Sports arbitrage software pyramid schemes
There are a
number of websites that operate like pyramid selling schemes and promote
automated sports arbitrage software (as mentioned above). Their users
have been spamming many online sports arbitrage forums recently and the
resounding advice is to keep well clear of
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Football Betting is
gambling and gambling is BAD!
Gambling is bad!
Most gamblers lose! In the long
run there are very few individuals who actually consistently win when they
gamble with sports betting. Most people gamble and bet with emotion, and
are almost always a loser. Or often they do not understand sports
betting true odds, or percentages, or even how the odds are determined. If
you are going to bet and win, you must do it with as much knowledge and
information as you can obtain. And this is especially true of football betting.
This site has been created primarily as an aid for fantasy football players and
to provide you as much information and as many facts as we can about football
betting systems, football betting strategy, and football betting dangers. We do
not encourage you to bet on football or any sports betting in any form. In the
long run you most likely cannot win by betting at football, or in any sports
betting, and very probably you will lose the majority of the time.
Remember, if you gamble,
NEVER bet more than you can afford to lose!!!!!!!
We do not condone sports
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caution you that gambling can be addictive to certain individuals. If you
think you have a problem with gambling, please contact Gambler's Anonymous at
www.gamblersanonymous.com for more information or