Is sports arbitrage dead in 2016?
Its not dead but bookmakers are a lot quicker in limiting accounts that they perceive are used by people doing sports arbitrage. I still use arbitrage as part of my portfolio and have managed to maintain many of my accounts and also make arbitrage bets from time to time.
Most people are becoming familiar with matched betting and this a good start for many people. I use Profit Maximiser to highlight opportunities for bookmaker bonuses to exploited and money to be made.
Sports Arbitrage Tips for 2016
- Don’t make it obvious you are an arber or advantage bettor straight away when you open an account. Perhaps make a few small money accumulator bets and make some bets on popular markets then lay these off using Smarkets as you will only pay 2% commision.
- Look at the arbitrage opportunities of each bookmaker. You should look at how to best exploit each bookmaker. For example Bet365 offers great 50 pound inplay football bonuses from time to time and weekly horse racing offers. It is better to slowly utlise these offers until they are removed before you lose your account through arbitrage. A bookmaker like Marathonbet that offers no bonuses but plenty of arbitrage offers would be approached differently.
- Stick to larger markets with low percentage arbitrages. I have found this to be the best approach with many of soft bookmakers such as Coral, Ladbrokes that offer arbitrage opportunities on large markets like the premier league.
- If arbing horses stick to the favourites. Something I like to do is set up lay bets on Smarkets or betfair underneath bookmaker prices for a small 2-3% arbitrage bet and if a spike comes into the market I can benefit from this. There is also the Best Odds Guaranteed promotion that I benefit from when using this tactic.
- Rest accounts from time to time and make bets that a recreational bettor would make in between your periods of arbing.