Arbitrage Betting Tips — Full Transcript & Summary

[00:01] the three things I wish I knew before I started arbitrage betting 5 months ago. And this is as someone who's made over $25,000 in those 5 months. If I did these three things differently, I could have made at least $30,000 plus dollars

[00:13] stick around for the entire video, especially tip number three, which is it's typically too late. So, number one is book management. What I mean by this million books at the beginning, but that's not actually what I would suggest

[00:27] doing. I would suggest opening a main big book like a DraftKings or FanDuel and then pair that with maybe one smaller book like a Bet MGM and then go ahead and open a Profitex and a Novik. The reason I suggest this is because

[00:39] when you're starting out, you're only going to be doing pregame arms, which yes, they can be profitable, but if you're just ripping these 24/7, this can leave you open to be limited by some of these books. So, if you open all the

[00:51] little bit of pregame here, a little bit of pregame there, and doing it on all more red flags popping up across all your options versus if you limit your your process and you get used to arbitrage betting, then you're going to

[01:06] arbitrage betting, which I'll talk about later for those other books that you can open. And in that same vein, let's say that you have $1,000 as your bankroll to start out with. I would actually suggest only distributing about $800 of that to

[01:20] those two to three books in total and leaving that $200 surplus there so you you need to because eventually one day you might win all your bets on FanDuel DraftKings and then you're going to have $600 in FanDuel and only $150 in

[01:36] forced to not be able to make as many plays. But if you keep that $200 surplus to DraftKings or whatever book you might be using. so you can get a little bit management is not withdrawing until you absolutely have to. You don't have a

[01:52] that is going to be one of those red books and you're going to potentially be open to limits. Now, I'm not saying it's I withdrew a ton at the beginning when I was getting started and didn't know

[02:05] about this. So, it is possible, but I would avoid it as much as possible, especially on books like Bet 365, Bet MGM, or Hard Rock that are going to be quicker to limit you. a withdrawal is really going to open as a red flag for

[02:17] them. The final couple points under book management is moving from pregame arbs going to talk about that in a whole section coming up next. But you want to I mentioned because the way these books are actually able to track you and

[02:30] called CLV. That's closing line value, which basically if you have a line that's a even line, plus 100 line, and you place a bet on that, but then by the time the game actually starts, it's a minus 150 line, well, you gained 50

[02:44] points of credit there and actual added value because you're getting a minus 150 bet at even odds. And if you do that enough times over and over again, these that. But it's a lot harder to track that during live play because of how

[02:56] much and how frequently the lines move. And whether it's pregame or alive, hammering one line a million times, even if it stays up forever in the arbitrage tracker. So, I wouldn't place five bets on LeBron James points just because it's

[03:11] allowing you for the time being. That is really, really quickly going to get you oh, this person's hammering it time and time and time again. And that is not thing within this section is something that might be a little superstitious on

[03:24] people in the space and they agree with me on this is if possible, especially if you're already far down the line, you've got plenty of bankroll, do not use any bonus bets. And like I said, yes, this

[03:38] getting essentially free money from the books because of that. So, they're going to be that much faster to limit you. With my recent books that I've opened I've not used any of the bonus bets, even if they give them to me

[03:51] longer life out of them. Tip number two, like I mentioned, is going from pregame going to be a lot more money available for this because, like I said, there's so many plays and so much action going on live that these can swing so quickly

[04:05] where you can go from averaging maybe 2 to 3% pregame arbs to 10 to 15% live ARBs I hit almost every single day. Also, with books like FanDuel, for pregame action, I can still get down $200 plus dollars for a single leg on

[04:21] live game action. So, you're actually less likely to get limited on the live yes, it can be a little bit more inconvenient because typically these with NBA and NFL, right? And if you do pregame stuff, you can kind of get it

[04:35] to worry about it, but you will be able to spend a lot less time. So, instead of you watching the pregame arbitrage tracker all day or waiting for interrupting your day, you can now just say, "Hey, I'm going to spend an hour at

[04:49] night and I'm going to make $150 to $200." I've even on the lives that I've done over on Twitter and YouTube have made over $270 in a single hour doing live arbitrage. So, it is well worth the time. Tip number three that I want to

[05:01] told about. People don't really talk about it until it actually happens. you but that is avoiding losses. And what I mean is there is some risk with this arbitrage. For example, maybe you get one side down and then the other line

[05:16] whether it's live or pregame? Well, I have made the mistake of losing a double because of it. And so therefore, I will never do it again. And this is what I mean by that. Let's say you have LeBron James 25 plus points and the line is at

[05:30] 25 over or under. But you place the 25 overside, but by the time you go to place the underside, maybe it's moved to 23 and a half. So now there is some risk. If he scores exactly 24 points, you could lose both sides. What I would

[05:43] suggest doing in a situation like that or anytime a line moves is a couple things. Number one is look for the cash out option right away. If you have it, even if you're going to take a 10 or 20% loss, take that cash out option instead

[05:55] line has not moved but the odds have moved. I would go ahead and just place it for a small loss. I rather take a 2 to 5% loss really quickly, then let it risk it and now the line moves a ton and now I'm going to lose 50 to 60% because

[06:10] LeBron gets hurt and now he's not going to come back in. What you can also do is are offering. And OddsJam actually just added a feature where you can now look what other books are offering for that same exact line, and it'll tell you,

[06:25] loss. But again, well worth it in my opinion. So, these are three categories I wish I knew before I started doing Odds Jam and arbitrage betting. If you comment section below and I'll make sure to answer them. Also, if you want to get

[06:38] started with OddsJam, the link in the description will give you a free 7-day trial. And if you use the code Clark, it'll give you 35% off your first month. Really appreciate you guys watching the video.