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Arbitration bets offer the possibility of winning money without risk, which obviously attracts the interest of all users. However, some bookmakers are not very much in favor of this type of practice, as it greatly favors the user’s benefit.

Therefore, in this article we are going to explain what arbitrage bets are, when it is advisable to apply them, if it is possible to calculate the possible winnings and if there are applications that help us to do so.

What is an arbitrage bet?

Arbitration bets, also known as surebets, consist of betting on all the possible outcomes of the same event. In the case of soccer, it would be to bet on victory, draw and defeat, which would give us a 100% chance of winning, since we would be covering all the possible options.

This strategy is possible thanks to the fact that usually the different bookmakers offer different odds for the same event. These differences are what allow us to apply these surebets.

In which sports are referee bets made?

Although refereeing bets are applicable to practically any sport, whether or not there is a tie, soccer is actually the most popular sporting event, since most bookmakers allow us to cover the 3 main options (win, tie and loss) with only 2 bets. Tennis is also a very popular sport among surebet bettors.

Is it interesting to make a bet on an arbitrage situation?

Arbitration bets are one more option for users, such as system bets, single bets or combined bets. In this case, their main claim is that the profit is assured, even though it is not very high.

However, taking advantage of this vulnerability of bookmakers is not an easy task, it requires a long study in time and a lot of experience to establish certain guidelines that can be used by certain bookmakers to obtain benefits on a continuous basis, since many of them will either not allow them or could cancel your bets.

Can you calculate the profit in an arbitrage bet?

It is possible to calculate the profit of an arbitrage bet. The first way is to “do the math”, as we have detailed in this article above. However, this method is a bit rudimentary and can be difficult when we are talking about a large volume of bets.

In this case, we have the arbitration calculators, such as those on the Oddschecker website which, by simply entering the odds and the amount of our bets, give us the total payment and net profit we would get from that surebet. In addition, it offers us the possibility of managing arbitration bets of 2 and 3 events, as well as allowing the quotas in decimal, fractional or American format.

Is there an arbitration software for sports bets?

If we are finally interested in moving to the arbitration bets but we have doubts because we have to calculate the possible benefits, there are many companies on the Internet that offer software specially dedicated to arbitration bets.

In this case, they will be paid services but they offer a free demonstration period so that we can check in first person how they work and the results they offer us.

The advantage of this type of software is that it provides us with data on dozens of bookmakers, information that would be a practically unmanageable time investment for us. That’s why it is a highly recommended option for this type of forecasting.