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What is Arbitrage Sports Betting?
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If you have never heard of arbitrage sports betting than you are missing out. This is actually an unknown technique of betting on sports that is designed to generate a profit regardless of the outcome of the sporting event. Many professional bettors know this technique and they often use this as they take advantage of the fact that different bookmakers set very different odds based on the betting patterns of their customer base. Those customers can be very different in their line of thinking and betting, creating opportunities for the sharp bettor.
Although arbitrage sports betting may guarantee a certain profit in theory, there are still some factors that could prevent you from applying an arbitrage sports betting technique to a certain event. These factors may also impose certain risks to your arbitrage sports betting experience.
The arbitrage sports betting risk factors are discussed below.
Betting Limits
Many expert bettors agree that the betting limits usually placed by the bookmakers may affect your arbitrage sports betting strategy. It may even prevent you from placing your full bet while arbitraging, so before you find an event you want to bet on, be sure to check that none of the online sportsbooks you have registered with in the arbitrage have a small betting limit.
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Also, it is important to note and understand that all the betting exchange prices are subject to some kind of stake limit. So before you consider your arbitrage sports betting, examine the available liquidity at the second and third prices in line, not just at the best price. You can't escape the fact that there are some instances in arbitrage sports betting that all your money at the best price gets hovered up.
Changes in Prices
Most of the sports books or bookmakers offer different prices for every sporting event. So before placing your bets in arbitrage sports betting, do your due diligence on the prices your bookmakers have offered and make certain they are still available. The main point here is not to depend on those bookies that hold their initial price quotes. In addition, the prices on the exchanges can change very quickly, thus it is important to make sire that when considering arbitrage sports betting, you place any exchange bets first while the price is last. -
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