In the article I am going to show you how to improve your profit from sports betting arbitrage. Firstly, you need to know the main rules of the sports arbitrage. It is all about calculations – you need to find the best odds, offered by the different bookmakers. Then, you have to turn the odds into percentages. After you do it, the margin from 100% to the percentage you receive is your riskless profit. I have done lots of researches and, most commonly the average margin is about 1%.
However, if you are consistent in your further researches, I am sure you are going to find a bigger margin. But, you surely think that it will be really slow for you to make a big profit, without having a huge amount of money to place your bets.
So, this is the second part of my research. The main question is how to earn more money from a single match, of course without taking serious risks. It is simple, again, but you will have to be brave. We are picking a match (for example Southampton vs Manchester United).
The best odds for the match are: 1: 3.30 (Coral); X: 3.40 (Betfred); 2: 2.50 (Betadonis) (I use decimal odds, because it is easier to calculate the percentages). When calculating the odds, the percentage after summing the odds is equal to 99.71 %. This means each £ 100 you decide to bet, £ 0.29 profit you take. The problem is that the profit is not big enough to satisfy any gambler!
The decision is simple. We are going to see the option for the correct score. And we will pick the best odds for the most common results and turn them into percentages again.
This is the boring part of the things we are doing, so I am going to miss the calculation. The rule is the same, but the difference is that we are not going to take all the options for the final score, excluding the most extraordinary ones. For example, we are going to take the odds for a home victory with 1-0, 2-0, 2-1, 3-0 and 3-1; the away victory with the same numbers and the draw results 0-0, 1-1 and 2-2. As you can easily see, we are going to omit the options of each team to score more than 3 goals and so on.
You can do this with almost all the matches, but be careful and pick the right match for this strategy! You can expect me to continue the topic. Until then, I wish you good luck!