(live BookMaker odds included)
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In this video, we go through an example of sports arbitrage betting. In other words, we discuss how to make risk free money in sports betting. The example given incorporates an arbitrage bet between Fox Bet sportsbook (+105 odds over 1.5 rounds in the upcoming Spivak UFC fight) and BookMaker sportsbook (+103 odds under 1.5 rounds).
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Video description:
In arbitrage betting, you are placing wagers that are equal and opposite. An arbitrage bet in sports betting is 100% risk-free; you profit regardless of the outcome. In this example, we saw that, in the Spivak UFC fight, BetMGM & Fox Bet had over 1.5 rounds +105 odds. BookMaker had the under 1.5 rounds +103 odds. One bet has to win, one bet has to lose. These are equal and opposite wagers. It’s just like betting over 8.5 runs +105 odds in MLB betting, and under 8.5 runs +103 odds. The game will either have over 8 runs and the over will win, or the game will have 8 or fewer runs and the under will win.
Arbitrage bets can occur in any market in sports. They happen frequently in baseball, basketball, football and even golf.
Alex graduated from Stanford in cs/math before working as a quant trader on Wall Street. He’s currently the youngest member of the OddsJam team, and also a cofounder.
About Alex:
LinkedIn:
Twitter: @AlexMonahan100
Email us with questions: [email protected]. You can also tweet @OddsJam
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