Arbitrage Betting FAQs: What is it and How to Make Money

Arbitrage Betting FAQs: What is it and How to Make Money

We’ve written about arbitrage before, in articles like this one, but I’d like to take this opportunity to address some of the most frequently asked questions about arbitrage in sports betting and using Fairodds Terminal.

If you have any questions that aren’t answered below, please send me an email at esmerosalindsinclair@gmail.com. I will personally answer your questions or direct you to more of our content to help you with whatever you need.

What is Arbitrage Betting?

Arbitrage betting, also known as arbing, is a strategy where you place wagers on all possible outcomes of an event. The idea is to ensure a positive financial outcome, no matter what the result is.

Although many people are sceptical of opportunities that seem 'too good to be true', this method is entirely legitimate when executed correctly and consistently yields favourable results.

Why is Arbitrage Possible?

Each sportsbook sets its own odds. Bookmakers aim to offer as many bets as possible, and sometimes they make mistakes. These errors, which can be as little as 2–3%, can give you a significant advantage as a sports bettor.

Each arbitrage bet can earn you a few pounds in less than a minute's work. If you consistently take advantage of these opportunities, your profits can grow very quickly.

How do I Get Started Arbitrage Betting?

To be a successful arbitrage bettor, you should have as many sportsbook accounts as possible and place as many bets as you can, but in a way that does not put your entire bankroll at risk on a single event.

How Much Money Can I Make Arbitrage Betting?

It all depends on how much time you put in… Fairoddsterminal has users who make over €500 a day.

What are the Downsides of Arbitrage Betting?

With arbitrage betting, you need to move quickly because the market is always changing. These mistakes by sportsbooks do not last forever. Additionally, most sportsbooks have maximum bet limits of €100–€1,000. Therefore, arbitrage betting is a great way to make an extra €100 a day, but you’re not going to get rich overnight. It's a long-term game.

You also need access to two specific sportsbooks that are part of the arbitrage opportunity. However, you can filter your arbitrage tool to only show opportunities at the sportsbooks you have access to.

Can I see an example of an arbitrage bet?

Sure! Although there’s a learning curve to arbitrage betting, it’s pretty straightforward and you can do it at any time. Just follow the arbitrage calculator, which tells you exactly how much to bet on each book and what your profit will be. In this case, it's €12.05.