What is Arbitrage in Betting (Surebets)
Betting arbitrage (known as surebets) is a technique that allows guaranteed profits by exploiting odds differences between different platforms or markets. It is one of the most sought-after strategies for bettors looking to minimize risk.
What Are Surebets?
A surebet occurs when the odds offered by different bookmakers or exchanges allow you to cover all possible outcomes of an event with guaranteed profit, regardless of the final result.
How Arbitrage Works
Arbitrage works because different platforms may have different opinions on the probability of an event. When the sum of implied probabilities of all outcomes is below 100%, there is a surebet opportunity.
Practical Example
Match: Porto vs Benfica
- Bookmaker A: Porto wins at 2.20
- Exchange B (Orbit Exchange): Draw at 3.80
- Bookmaker C: Benfica wins at 3.50
If the combined implied probability drops below 100%, you have a surebet.
Types of Arbitrage
1. Cross-Bookmaker Arbitrage
The classic form: compare odds across different bookmakers to find discrepancies.
2. Exchange vs Bookmaker
Use an exchange like Orbit Exchange to Lay and a bookmaker to Back. Often more profitable because exchanges offer better odds.
3. Cross-Market Arbitrage
Exploit differences between related markets on different platforms.
Advantages
- Guaranteed profit — Result-independent
- Minimal risk — If executed correctly, no risk
- Simple math — Based on calculations, not predictions
Risks and Limitations
- Small margins (1-3% typical)
- Account limitations by bookmakers
- Odds change rapidly
- Significant capital needed
Arbitrage on Exchanges
Betting exchanges are ideal for arbitrage because they offer better odds, allow Lay bets, and don't limit accounts. Orbit Exchange via BFB247 offers low commissions that maximize profit.
Frequently Asked Questions
Is arbitrage legal?
Yes, arbitrage is completely legal. However, bookmakers don't like it and may limit your account.
How much can I earn with surebets?
Depends on capital. With typical 1-3% margins, you need high volume. With €1000 capital and 10 daily surebets at 2%, you can earn about €200/month.
Are exchanges better for arbitrage?
Yes. Exchanges like Orbit Exchange don't limit accounts for arbitrage and offer better odds, making opportunities more frequent and profitable.
Article by the BetAdvisor-PRT Team | Read more articles