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Arbitrage betting, also known as "arbing," is a way to make money by taking advantage of differences in odds between bookmakers. Here's how to do it:
Find a difference in odds: Look for events where the odds offered by one bookmaker are higher than those offered by another bookmaker. You can use a website like Oddschecker to find these differences.
Calculate your bets: Use a calculator to figure out how much you need to bet on each outcome to guarantee a profit, no matter what happens.
Place your bets: Bet the calculated amounts on all possible outcomes at the bookmakers with the highest and lowest odds.
Wait for the event to finish: Regardless of the outcome, you'll make a profit equal to the difference in odds, minus the commission charged by the bookmakers.
Let's say you're watching a soccer match between Team A and Team B. Bookmaker A offers odds of 2.50 for Team A to win, while bookmaker B offers odds of 2.60 for the same outcome.
To calculate your bets, you can use a calculator. Let's say the calculator tells you to bet £50 on Team A to win at bookmaker A and £50 on Team A to win at bookmaker B.
Outcomes and profits:
Team A wins: In this case, both bets will pay out. You'll receive £125 from bookmaker A (£50 x 2.50) and £130 from bookmaker B (£50 x 2.60). Your total profit will be £10 (£130 - £120), minus the commission charged by the bookmakers.
Team B wins: In this case, your bet at bookmaker A will lose, but your bet at bookmaker B will pay out. You'll receive £40 from bookmaker B (£50 x 0.80). Your total profit will still be £10 (£40 - £30), minus the commission charged by the bookmakers.
Draw: In this case, your bet at bookmaker A will lose, but your bet at bookmaker B will also lose. However, since you're guaranteed a profit regardless of the outcome, you'll still make £10 (£50 - £40), minus the commission charged by the bookmakers.