Sports Arbitrage Betting Example

Using the Odds

The theory behind sports arbitrage betting is relatively easy. Every bookmaker up and down the country, either on the web or in the high street, sets odds on the many different events in the sporting calendar.

These odds are essentially based on opinion, and these opinions change from bookie to bookie. An arbitrage opportunity exists when the difference of opinion is large enough to guarantee a profit whatever the result.

Lets look at the following tennis arbitrage opportunity:

Tennis – ECM Prague Open 2nd Round

The following odds are being offered by www.pinnaclesports.com on who would win this 2nd round ladies match:

Camille Pin	2.44
Yvonne Meusburger	1.65

However, after looking around to see what odds all the other bookmakers were offering we found that we could get better odds on Meusburger to win from www.betway.com.

The Pinnacle odds were the best we could find for Pin and the Betway odds were the best we could find for Meusburger.

Camille Pin	2.44 (www.pinnaclesports.com)
Yvonne Meusburger	1.85 (www.betway.com)

If we key these odds into the arbitrage calculator and set the total stake for £1000 the calculator then tells us the correct stake for each bet.

Camille Pin	2.44	£431.24
Yvonne Meusburger	1.85	£568.76

Using these odds we make a guaranteed 5.2% return whatever the result.

If Camille Pin wins we make £52.21

£431.24 x 2.44 = £1052.21

(£1052.21 - £1000 total stake) = £52.21

And if Yvonne Meusburger wins we make £52.21

£568.76 x 1.85 = £1052.21

(£1052.21 - £1000 total stake) = £52.21

These betting opportunities are there for the taking each and every day.