Sports Betting Arbitrage – 4 Quick Risks to Avoid
Have you heard of sports betting arbitrage? Well, this is really an unknown and lesser practiced method of betting on sports that yields guaranteed profits no matter the final result of the sporting event. Numerous professional bettors know this method and they frequently use this as they capitalize on the fact that different sportsbooks set different odds based on their opinion on sporting event outcomes.
Essentially, by placing one bet per each outcome with different sportsbooks, the bettor can make a profit.
เรตมวย However, even though betting arbitrage may guarantee a profit in theory, each of the four factors below could prevent the successful execution of the sports betting arbitrage technique by imposing soaring risk to the betting experience.
Risk Factor #1 – Bet Cancellation
One of the most feared risks of sports betting arbitrage is bet cancellation. If a bettor places one bet per each outcome with different sportsbooks and one of the sportsbooks cancels a bet, the bettor could find himself in a dreadful position. The bettor could try and replace the cancelled bet with a different sportsbook with similar odds. But, if the same odds can not be found, the bettor may be forced to take a loss.
Risk Factor #2 – Maximum Limits on Stakes
Many professional bettors agree that the maximum stake limits typically placed by the sportsbooks may impact your betting arbitrage strategy. It could even prevent you from placing your entire stake while arbitraging, so prior to you placing your bets, make certain to check that none of the sportsbooks you have registered with in the arbitrage have a maximum stake limit.
Risk Factor #3 – Crooked Bookmakers
In today’s hi-tech world sportsbooks are everywhere and finding the most reliable sports betting arbitrage service can be challenging. As you may know, there is now a long list of dubious betting sites that have either denied or have made it extremely difficult for sports bettors to withdraw their legitimate winnings. Given this fact, it’s very crucial for every bettor to make sure that the sportsbook they are signed up with guarantees the return of their winnings. In addition, one should study reviews for each sportsbook that they are considering.