The idea of live arbitrage
Let us quote the definition of standard sports arbitrage from Wikipedia first:
Betting arbitrage, surebets, sports arbitraging is a particular case of arbitrage arising on betting markets due to either bookmakers’ different opinions on event outcomes. When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a profit regardless of the outcome. In the bettors’ slang an arbitrage is often referred to as an arb; people who use arbitrage are called arbersWikipedia
Now the live-arbitrage might be described just as a standard one with only one slight difference, bets need to be placed at live markets, so the games must be in progress at the time the bets are placed.
Live arbing is often considered the “next level” or the “next stage” for an evolving arber. Therefore let’s summarize some characteristics and highlight biggest differences between pre-live and live arbing:
|Advantages||Easy / stable odds / low experience required / placed bets are not to be voided (no danger zone issue) / alert services are available (OddStorm.com is recommended)||Lower competition / more arbs / more high % arbs / lower budget required / fast settlement of bets / delayed or no limitation / long-term activity|
|Disadvantages||Limits come fast / arbs count is relatively low / arbs % is relatively low / there is a lot of competition / money is “frozen” for long time / higher budget required / short term activity||Quite difficult / experience and high speed required when placing bets / danger zones add some risk factor / no 100% accurate alert service available (OddStorm.com closest to perfection)|
And the few words of commentary to the table above: Live-arbing activity certainly has gained a lot of interest over time, but the competition level, in comparison to the pre-live markets is still very limited. This is mainly because of the complexity of placing live arbs.
This leaves an open field for an intermediate to highly experienced arbers and this field certainly requests to be explored.
Pro-arbers will mainly benefit from delayed limitation – keep in mind that currently around 80% of betting volume happens on the live markets, which accounts for the fact, that these markets are most profitable for the bookmakers. That’s why bookies tend to simplify the message and assume the damage done by arbers is exclusively (historically) on pre-live markets. Also, tracking arbitrage action on live markets is much more problematic owing to the nature of the live-arbitrage itself and the ongoing, rapidly changing action in the sports betting event of interest.
In the next articles we will go through the most potent live-arbitrage events and sports, trying to optimize our live-arbing efforts. We will also talk about the sequence of placing arbs (over/unders/handicaps), think of how to avoid the “danger zone” issue and try to select best services for live-betting activity, so stay with us.
We recommend OddStorm.com as a currently best service for in-play sports arbitrage experience. Please their review here.
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