But a successful betting with arbitrage strategy isn’t restricted to just football.
A lay bet is the opposite: you lay a bet when you bet that Team XYZ will not win a football match. The back bet is a bet to say an event or outcome will happen for example, you can place a “back bet” to say Team XYZ will win a football match. how wide the gap is between the odds – but generally, arbers aim for around 4% profit per arb.Īs noted, arbing involves placing a back bet at a bookmaker and a lay bet at an exchange. The significance of this profit varies depending on how good the arb is – i.e. When an arb has been found, a bettor can use an arbitrage betting calculator to lock-in a profit. In normal circumstances, one would expect the back odds for a specific outcome to be lower than the lay odds for the same outcome arbs are rare, and can generally be seen as an oversight on the bookmakers part, as they have not tracked changes in the exchange odds accurately. The basic premise of an arbitrage betting strategy is to find what are referred to as “arbs” – specific bets where the odds at a bookmaker are higher than the odds at a betting exchange.
