Using Arbitrage to Make Money in Sports Betting

Traditional sports betting is a purely speculative endeavor. You may build up a formidable level of expertise in a particular sport, conduct thorough research and make educated guesses, but you are by no means guaranteed to make a profit. Hedge betting and arbitrage betting totally flip the script, because they allow you to lock in a profit. You can think of it as investing your money rather than gambling with it.

Importance of a Calculator

It can be very difficult to know exactly how much to stake on each outcome in order to guarantee a profit when you spot the aforementioned discrepancies. A hedging calculator and an arbitrage calculator will do all the hard work for you.

You could try to do this yourself, but it would require a lengthy period of trial and error, using a basic calculator. You would need to enter lots of different potential stakes until finding the ideal amount to stake on your second bet. A hedging calculator does all the hard work for you, and makes the hedge bet process quick and efficient.

Why Do Multiple Sportsbooks Offer Different Odds?

There are several reasons why two rival sportsbooks might offer different odds on the same game. The odds compilers at one book might read the game differently to their counterparts at another book. One sports betting site might offer above-average odds on a particular team in order to stand out from its rivals. This is common among new, ambitious sportsbooks.