Arbitrage Betting: Guaranteed Profits or Too Good to Be True
Arbitrage betting may be something you never heard of until this article. Or if you have heard of it, chances are you stumbled across this wondering whether or not such a thing is worth trying out. Better known as “sure betting”, some might believe the idea of guaranteed profits are too good to be true. The question is: are these betting experts right?
1Win Korea has betting odds that may differ from other platforms. As such, they might be used by bettors for the purpose of placing the arbitrary bets. Are they considered legal and ethical? You be the judge. Some may question whether or not placing such bets are fair. We will discuss what arbitrage betting is and whether or not it’s worth it. Let’s get right into the details.
What Exactly Is Arbitrage Betting?
Arbitrage betting or “sure betting” is where you place bets on all possible outcomes. More or less, this kind of betting will pertain to sports betting. The purpose of this is to guarantee a profit regardless of how the result goes. It appears to be an exploitation of various odds that are posted across numerous bookmaking platforms.
How Does Arbitrage Betting Work?
Arbitrage betting on 1Win bet can be broken down into three steps that are easy to follow and understand. They include but are not limited to the following:
- Identify discrepancies: This is where you look for any differences in the odds based on the same event. You look at the odds on one sportsbook and then check the odds of the same event in another.
- Calculate the stakes: You can determine how much you can place bets on for each outcome to lock in a profit. This can be done by using an arbitrage calculator.
- Place your bets: Self-explanatory. Be sure to bet on the outcomes at the odds that have been identified.
A bookmaker like the 1Win website could offer 2.1 odds for one team to win, but another bookmaker could offer the same odds but for the other team. You can bet on both outcomes and secure a profit. Whether it’s on the 1Win site or other bookmakers, you can be able to place bets live, be it before the contest or in real time. Please note the different types of odds so you can get a good understanding of them.
What Are The Pros of Arbitrage Betting?
Now that you have an idea of how arbitrage betting is done, we will be taking a look at some benefits that you might get out of it. Remember, being able to make money from arbitrage betting is no easy task (especially when looking for numerous odds that may look similar). Here are the following pros:
- Guaranteed profits: Of course, we’ve mentioned that guaranteed profits will be one of the major benefits of the practice. You will be able to do this by mitigating as much risk as possible.
- Accessibility: You can use platforms like 1Win official site or other platforms you have access to in South Korea (or other parts of the globe). Keep in mind that there are no set rules for arbitrage betting since you are betting on two different platforms. It’s basically the same as playing other games on different online casinos so to speak.
- Low risk: Arbitrage betting will provide you with much lower risks compared to traditional betting. As such, it’s a methodical way to place bets considering that the key is to spot discrepancies in different odds.
Be sure to spend time looking through different bookmakers to see which ones have different odds from the others. Try to spot any patterns of discrepancies before placing bets.
What Are The Cons of Arbitrage Betting?
Of course, there are disadvantages to arbitrage betting. What exactly are they? Let’s take a look at what they are:
- Profits are marginal: While the profits are guaranteed, they are not massive at best. The reason for this is that the odds could change rapidly. Therefore, don’t expect to make a lot of money via this approach.
- A time-consuming process: Needless to say, it may take some time and effort to perform tasks like spotting odds discrepancies. Therefore, it may take some tools to help reduce the intensity of the process – but they may be hard to come by.
- Limitations on accounts: While arbitrage betting isn’t completely illegal per se, there are bookmakers who place limits on how many accounts you might have on one platform. For example, you might not be able to have two separate accounts on 1Win and make different bets. Thus, you might be better off keeping one account on that platform and opening another through a different bookmaker.
Final Thoughts
Arbitrage betting may seem like an unethical thing to do in the eyes of bettors. But there’s no written rules to determine that it’s wrong. You could give it a try amid the labor-intensive task of spotting odd discrepancies. Nevertheless, it’s not a “too good to be true approach”. It may not even yield a large amount of profit due to the odds themselves.
But nevertheless, it might be a good idea to try out. Especially if you want to reap the reward of guaranteed profits.