TudorBaitok
10k in a week is clearly an exaggeration but not impossible. One way to earn with betting is arbitrage—I’ll give you a simple example right away of how it works. There are also much more complicated arbitrages.
Simple Football Arbitrage Example
One of the most basic arbitrage bets in football is the Money Line market. You need 3 bookies to back the 3 possible outcomes (Win, Draw or Loss).
Let’s use a hypothetical match between Burnley and Aston Villa as an example.
| Burnley | Draw | Aston Villa | Probability |
|---|
| William Hill | 1.45 | 3.50 | 8.60 | 109.2% |
| Coral | 1.55 | 3.70 | 6.10 | 107.9% |
| SBObet | 1.70 | 3.25 | 5.00 | 109.6% |
| Arbitrage | 1.70 | 3.70 | 8.60 | 97.5% |
By betting on each of the possible outcomes with a separate bookmaker, we have a 2.5% profit arbitrage opportunity on our hands!
Let’s calculate the stakes based on total winnings of $800.
| Odds | Stake | Potential Winnings |
|---|
| Burnley | 1.70 | $470.59 | $800 |
| Draw | 3.70 | $216.22 | $800.01 |
| Aston Villa | 8.60 | $93.02 | $799.97 |
| Total | | $779.83 | |
So we are staking a total of $779.83 for a minimum return of $799.97. This is a guaranteed profit of at least $20.14!
I’m sure you’ll agree that that’s a decent profit for a few minutes’ work!
