Risks Associated with Arbitrage Sports Betting
Have you heard about arbitrage sports betting? Well, this is actually an unknown technique of betting on sports that generated guaranteed profits regardless of the outcome of the sporting event. Many professional bettors know this technique and they often use this as they take advantage of the fact that different bookmakers set different odds based on the opinion of the relative chance of the competitor for winning a single sporting event.
However, although arbitrage sports betting may guarantee a certain profit in theory, there are still some factors that could prevent the actual implementation of the arbitrage sports betting technique. These factors may also impose certain risks to your arbitrage sports betting experience.
Let’s take a look at these risk-causing factors one by one.
Maximum Limits on Stakes
Many expert bettors agree that the maximum stake limits usually placed by the bookmakers may affect your arbitrage sports betting strategy. It may even prevent you from placing your full stake while arbitraging, so before you place your bets, be sure to check that none of the bookmakers you have registered with in the arbitrage have a maximum stake limit.
Also, it is important to note and understand that all the betting exchange prices are subject to some kind of stake limit. So before you consider your arbitrage sports betting, examine the available liquidity at the second and third prices in line, not just at the best price. You can’t escape the fact that there are some instances in arbitrage sports betting that all your money at the best price gets hovered up.
Changes in Prices
Most of the sports books or bookmakers offer different prices for every sporting event. So before placing your bets in a arbitrage sports betting, it is best to check first that the prices your bookmakers have offered are still available. The main point here is not to depend on those bookies that hold their prices quoted in the Racing Post. In addition, the prices on the exchanges can change very quickly, thus it is important to make sire that when considering arbitrage sports betting, you place any exchange bets first while the price is last.
In today’s high tech world where sports books and bookmakers are everywhere, finding the most reliable arbitrage sports betting service can be difficult. As you may know, there is now a long list of dodgy betting sites that have deprived punters of their legitimate winnings. Given this fact, it is very critical for every bettor then to make sure that the site they are betting at guarantees the return of their winnings. If possible, one should read the reviews first before deciding on a particular betting site. Look for the rankings, and check the forums where most punters warn each other of the dubious bookmakers.
Arbitrage Sports Betting Rules
Usually, bookmakers maintain different policies and rules for setting bets on arbitrage sports betting with irregular outcomes. This will of course affect the outcome of the arbitrage you are dealing with. If this is the case, it is then best to check the rules maintained by the bookmakers before you place your bets with them. Just check if the bookmakers share the same policies for every sporting event you might be interested in.