Prices vary across bookmaking fraternity so variation in price occurs in racing or sports events.
The idea of guaranteed profit for no risk is an appealing one and sports arbitrage can be conducted in a number of ways.
The initial prices offered can provide opportunities.
| Options | Raiders | Broncos |
|---|---|---|
| Bookmaker 1 Odds | $1.70 | $2.30 |
| Bookmaker 2 Odds | $1.85 | $2.05 |
In this example, the disparity between prices is enough to mean a punter can back both teams at the best price to guarantee themselves a profit regardless of the result.
Often referred to as dutch betting, in this example, by backing the Raiders at $1.85 with Bookmaker 2 and the Broncos at $2.30 with Bookmaker 1, this dutch would have a return of 2.53%.
That means no matter what the result, you will make a 2.53% profit on your turnover if backing both teams to take out the same amount of money.
As an example, place a wager of $250.00 on the Raiders at $1.85 to take out $462.50.
Then, place $200.00 on the Broncos at $2.30 which will net you $460.00.
For a total outlay of $450.00, you are guaranteed to make a profit of $10.00.
While a $10.00 profit may sound insignificant, a host of these opportunities present themselves through the course of the week.
Sports betting, especially on two options bets, is the best example as it only takes small fluctuations or differences of opinion to make a profit.
So watch your NRL, AFL, NFL, Soccer etc games and focus on the best odds.
