Sometimes, after you have placed a bet on the point spread for a game, the odds move and give you the opportunity to bet again to win at least one of the two wagers. Sports odds can move up and down depending on a range of factors, but the odds you get when you place your bet stay the same. It means that arbitrage is now a niche strategy that only those with massive bankrolls and paid-for arbitrage-finding services engage in.įind out more about this betting strategy in our dedicated guide to arbitrage betting. When opportunities for arbitrage do arise, they are usually short-lived, and offer only a very small profit margin, meaning it requires a colossal bankroll and huge bet stakes to make any real money from it. Even though arbing is completely legal, sportsbooks also clamp down on customers suspected of engaging in arbitrage practices. When that occurs, it’s called an “arb.”Īrbing used to be big business for bettors with large bankrolls in the early days of online sports betting, but today finding arbitrage opportunities is much harder. This happens when discrepancies in odds between two different sportsbooks open up the chance to back both sides of a market and secure a guaranteed profit, whatever the result. Sports arbitrage betting – sometimes called “arbing” – is a rare occurrence in sports betting when a bettor is guaranteed to win a profit regardless of the outcome in an event.
