What is Arbitrage?

Arbitrage Betting 101: Enhancing Your Sports Betting Strategy with Prophet Exchange

So, imagine you're a kid in a candy store and you see a chocolate bar for $1. But then you walk down the street and you see the same chocolate bar at another store for only 50 cents. What do you do? You buy it at the cheaper store and sell it at the first store for a profit.

Well, Arbitrage in sports betting is kinda like that, but with bets instead of chocolate bars. You're basically taking advantage of different odds offered by different bookmakers or betting exchanges to guarantee yourself a profit no matter what the outcome of the event is.

Let's say there's a basketball game tonight between the New York Knicks and the Miami Heat.  Bookmaker 1 has the Knicks odds set +100 for them to win, while Bookmaker 2 has odds on the Heat to win at +125. You could place a bet on the Knicks  with Bookmaker 1 for $90 and a bet on the Heat  with Bookmaker 2 for $80, guaranteeing yourself a profit of $10 no matter who wins the game!

While Arbitrage opportunities can be very lucrative, they are relatively rare and usually don't last very long. So if you find one it's important to act fast. You also need to make sure your calculations are accurate to make sure you're actually making a profit and not just breaking even or even losing money.

It's like finding a golden ticket in a chocolate bar, except instead of a tour of a candy factory and meeting Willy Wonka himself, you get a guaranteed profit. And who doesn't love a guaranteed profit, right?

21+ and in New Jersey only. Gambling Problem? Call 1-800-GAMBLER.