Risk-Free Profit? Arbitrage Betting Explained
45sClaims of risk-free profit grab attention and challenge skepticism, driving clicks.
▶ Play ClipAI Summary
This tutorial explains how to use the OddsJam platform to identify and place arbitrage bets, which allow bettors to lock in risk-free profits by betting on all outcomes of an event across different sportsbooks. The video demonstrates the process step-by-step, emphasizing the importance of rounding bets to avoid detection and highlighting the potential for consistent daily earnings.
Chapters
[00:01]
Introduction to Arbitrage Betting
Arbitrage betting (ARB) involves placing two bets on the same event at different sportsbooks to guarantee a risk-free return. It works when the odds from two books create a positive profit margin.
[00:29]
Selecting Sportsbooks
On OddsJam, users first select their state and then choose which sportsbooks to include. For demonstration, all books are selected to show how arbitrage opportunities appear.
[01:10]
How Arbitrage Works
Arbitrage occurs because sportsbooks set lines independently, and odds can become misaligned. A bettor bets on one outcome at one book and the opposite outcome at another, ensuring profit regardless of the result.
[01:54]
Example of an Arbitrage Bet
An example is shown for a game between Colorado Avalanche and Dallas Stars, betting on Nathan MacKinnon to score at one book and not to score at another. The plus line is greater than the minus line, indicating a 1.57% profit.
[02:23]
Using the Calculator
The OddsJam calculator helps determine bet amounts. For a $200 bet at +130 odds and $252.79 at -122 odds, the profit is about $7. Users should round bets to the nearest zero or five to avoid detection.
[03:07]
Scaling Up
Small profits of $7-$15 per bet can accumulate. Hitting 10-20 such bets daily can yield an extra $100 per day, $3,000 per month, or $36,000 per year.
[03:36]
One-Click Betting
OddsJam offers a one-click bet feature that automatically places the bet in the bet slip, simplifying the process.
Arbitrage betting on OddsJam offers a low-risk way to generate consistent income by exploiting odds discrepancies. With discipline and daily execution, small profits can compound into significant returns.
Mentioned in this Video
Tutorial Checklist
Study Flashcards (6)
What is an arbitrage bet?
easy
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What is an arbitrage bet?
easy
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An arbitrage bet is when a bettor places two bets on the same event at different sportsbooks to lock in a risk-free return.
00:43
Why do arbitrage opportunities occur?
easy
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Why do arbitrage opportunities occur?
easy
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They occur because sportsbooks set their lines independently, and odds can become misaligned.
01:10
What condition must be met for an arbitrage bet?
medium
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What condition must be met for an arbitrage bet?
medium
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The plus line must be bigger than the minus line.
01:54
How much profit can be made from a single arbitrage bet in the example?
medium
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How much profit can be made from a single arbitrage bet in the example?
medium
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About $7 on a $200 and $250 bet.
02:23
What is the recommended way to round bet amounts to avoid detection?
medium
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What is the recommended way to round bet amounts to avoid detection?
medium
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Round to the nearest zero or five.
02:39
How much could you earn per year by hitting 10-20 arbitrage bets daily?
hard
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How much could you earn per year by hitting 10-20 arbitrage bets daily?
hard
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Up to $36,000 per year.
03:21
💡 Key Takeaways
📊
Definition of Arbitrage Bet
Provides a clear, concise definition of the core concept.
00:43
💡
Cause of Arbitrage
Explains the market inefficiency that makes arbitrage possible.
01:10
🔧
Profit Calculation Example
Demonstrates how to calculate exact bet amounts and profit.
02:23
⚖️
Scaling Small Profits
Shows the compounding potential of small daily profits.
03:07Full Transcript
[00:01] complete beginner tutorial on how to utilize another one of the tools in the odds Jam platform and this one is one of the best ones in here because it's literally risk-free profit I know it probably sounds to good to be true but
[00:14] betting means you'll see why a lot of people are making some serious cash so let's Dive Right In so when we go to the oam website we just go ahead and click do first is select your book so make sure that you select the state that you
[00:29] so that is what I will select and just for the demonstration of this I'm just going to select all of these books so that we can actually understand how it works so what exactly is an Arbitrage bet and AIA makes a perfect video and an
[00:43] explanation here that explains it an Arbitrage bet or ARB is when a better makes two bets on the same event on two different sports books in order to lock in a risk-free return for example Yankees are playing the Mets in one book
[00:57] you will bet the Yankees and in another book you will bet bet the Mets but only when the odds of those two books actually equal to More Than Zero it's only when the odds of the plus line is bigger than the minus line okay we're
[01:10] can understand what that actually means arbit charge occurs because a sports book sets their lines independently right and these odds often get out of market there's things happening at all times so this is a financial Market that
[01:24] best way to do it an example will be betting on the Nets on one sports books same thing like the New York and Mets and Yankees example book to guarantee a risk free return regardless of who wins a game you're going to make a risk free
[01:39] return now we're going to check out what that really means so like I said the plus line over here has to be bigger than the minus line so that there could here's a perfect example of what an Arbitrage bet is there's a
[01:54] 1.57% profit in this game or the Colorado Avalanche and the Dallas Stars so so Nathan McKinnon to score in one book and Nathan McKinnon to not score in another book The plus is bigger than the minus that's all you need to see when
[02:08] arbit charge bed but you're not going to see it pop up here but when the plus is arbit charge bed and you're going to see it pop up right here wow how do we know how much you make we literally just click on the calculator here and let's
[02:23] say we're going to get down $200 on FanDuel at plus 130 for him to score and2 5 2.79 atus 122 in a different book to not score now I would suggest to round these numbers off to your nearest zero or your
[02:39] nearest five so that the books actually can catch on because you are going to get limited this isn't not going to be you that you can lay down I don't know $2,000 here and then $2,600 there all
[02:52] to see that your limits are going to be around the couple of 100 region so just round it off so 200 here and let's just say 250 here right and you're going to roughly be making about $7 risk free right there with just a click of a
[03:07] button which is pretty insane if you ask me and don't be estimate don't underestimate the power of these small 75 10 $15 returns because if you're hitting 10 of these a day 20 of these a day you could be making an extra 100
[03:21] day you could be making an extra 100 bucks a day that can add up to 3K a month that can then add up to $36,000 in a year just by betting the two separate outcomes on two different books and it is literally as simple as that now the
[03:36] crazy thing is that odm has this one click bet here that just puts the bet in your bet slip it is as simple as that that is it
