[00:01] starting to look into side hustles to try and make a little bit more money than what i was earning at the gym but anyway i came across this idea called arbitrage betting which at the time seemed like my golden ticket and it was
[00:14] until eventually i got banned from all the betting sites i was using so arbitrage betting is essentially exploiting the differences in odds across two different betting sites to find a situation where you can't lose
[00:28] imagine it's a tennis final you know there has to be an outcome no draws can let's say on one betting site you find federer to win at a dollar thirty and then djokovic to win at 393 then on another site you have federer at a
[00:41] another site you have federer at a dollar forty two and djokovic at 2.90 so bag site 2 thinks it's going to be a little bit closer now if you just stuck to one betting site you can't guarantee you'll make money because the house
[00:54] always takes its cut right however if you start looking across sites that's where this is possible so next step find the betting odds margin now the betting odds margin is how much the bookmaker is keeping for themselves so this is the
[01:10] formula here for site number one they're taking a two point four percent profit margin site two is taking a four point nine percent profit margin now if this number falls below a hundred percent you have an arbitrage
[01:23] opportunity but we have to look across the betting sites so we take the best odds from both sides federer to win at a dollar 42 and djokovic to win at 3.93 if we put that into the formula we get 95.87 so now we're making
[01:40] 4.13 then from there it's all about using an arbitrage betting calculator to figure out for your budget what is the appropriate bet size for each outcome to make sure we make money no matter who
[01:55] wins so we'll go for an unbiased arbitrage so we'll make the same amount of money no matter who wins we'll put in our best odds here and let's say we have a hundred dollars total to sink into this venture then
[02:11] boom the calculator says bet 73.46 on federer on site two and 73.46 on federer on site two and 26.54 on djokovic on site one now if we do get those odds and place those bets then if federer wins we make four
[02:25] dollars and 31 cents and if the joker wins we make four dollars and 30 cents now please note however this is for matches where there are only two possible outcomes either that person wins or that person wins
[02:38] as we know for a lot of team sports in particular there can be a draw now if that's a possibility you also need to find the best odds for the draw and put that into your calculator as a third potential result
[02:51] but overall that's a quick explanation of arbitrage betting and how it works obviously these days it is very hard to find these opportunities however people do tend to find them when you know betting sites do these promotional
[03:06] offers however please note that is exactly how i got banned from doing this because they essentially said you're using promotional offers way too frequently and you're not placing regular bets so that's it see you later
[03:18] but anyway there you go guys that is a short quick video on arbitrage sports short quick video on arbitrage sports betting