Arbitrage Strategy

Well mates below is my strategy and tell me what you think! It�s based simply on arbitrage and I don�t believe I am the one who invented it. When I read the Strategies on Betshoot I was expecting this one as well, since those strategies are pretty good ones as well but this one goes further deeply into non-risk profit. You don�t need any tips or information and it can be on any type of sport or not sport event. You need to have an account in Betfair or any other site, which has both the BACK and LAY option, so you can be the bookie as well. Plus you have to have accounts on normal bookies like William Hill Ladbrokes, any bookie basically.

I will give an example that will make clear what this strategy is about.

Type of Bet: Australia Melboure Formula 1 � Pole position.

On Betfair the BACK/LAY for M.Schumacher to WIN Pole Position are:

BACK 2.00 / 2.10 LAY.

So for if you BACK $1 on M.Schumacher you will have a $1 profit if he wins Pole and a $1 loss if he does not.

If you LAY $1 on M.Schumacher you will have a $1 profit if he does not win Pole and a $1.1 loss if he does win.

Now let�s say EUROBET might be paying for the same bet, Australia Melbourne F1 � To Win Pole Position M.Schumacher 2.75! (Yes I saw it happen many times!)

So you now do the following steps:

1.You BET say $1000 at EUROBET on M.Schumacher to WIN Pole Position at 2.75

2.You LAY the same amount, $1000 at BETFAIR on M.Schumacher to WIN Pole Position at 2.10.

�Outcome 1.M.Schumacher does not win Pole Position:

At Betfair we have a Profit of $1000 and at EUROBET we have a Loss of $1000. So TOTAL P&L is $1000-$1000=0

�Outcome 2.M.Schumacher wins Pole Position:

At Betfair we have a Loss of $1100 and at EUROBET we have a Profit of $1750. So TOTAL P&L is $1750-$1100=$650

So on Outcome 1 we have no profit or loss, and on Outcome 2 we have a profit of $650

There is no other possible outcome. So risk free bet, risk free income!!!

Limitations:

�A price gap should exist between the price you LAY and the price you BET on. This is does not happen very often but it DOES happen.

�You have to have setup accounts on a number of bookies so you can take advantage any arbitrage that arises.

�A lot of bookies charge when you transfer funds into their account or even charge when you have a profit, so you should be aware exactly what these charges are so you can identify if this strategy is profitable.

As I mentioned above this strategy can be used in on any type of bet on any type of event sport, non-sport, soccer or not. Its just simple arbitrage that arises with the existence of BACK/LAY betting sites.

I would appreciate any comments on how to improve or any other types of risks that I haven�t identified. I hope you will find this helpful and make the most out of it.

Article by StDimka