Arbitrage Betting

[Benny]

A friend and I were takling yesterday at our local RSL Club about making some money on the AFL, RUGBY. The term Arbitrage Betting came up in our disscussions.

Can someone explain how this works, and if it's worthwhile. There are some sites on the internet, but they don't explain how to work out one's bets.

Benny

[sportznut]

It's a bit hard to explain. Basically it's when different bookies have very different prices on a particular match, and by shopping around and getting the best prices, you can actually back both teams and make a profit no matter which one wins.

I've got to say that I don't think it happens an awful lot. From what I've seen, bookies often seem to roughly copy each other's odds. Some bookies are certainly more generous than others, but I've hardly ever seen them with different favourites.


<font size=-1>[ This Message was edited by: sportznut on 2004-03-17 19:19 ]</font>

[nevets]

http://www.arbcruncher.com/

try this its an arb calculator and a couple of other things quite useful and pretty self explanitory ......sometimes its hard to get your head around inverting odds ...but this does it for ya ...all the best

[nevets]

http://www.arbcruncher.com/

try this its an arb calculator and a couple of other things quite useful and pretty self explanitory ......sometimes its hard to get your head around inverting odds ...but this does it for ya ...all the best