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In our previous article – Record keeping – Best practices to keep track of your bets (part 1) – we talked about the importance of keeping records to get valuable information about your betting activity. Every successful bettor should keep track of his bets. We had also started designing an excel spreadsheet to do this task, and decided to record the following information:
Sports betting is exciting. A goal in the last minute can make you win or lose. Arbitrage betting is also exciting, but in a very different way. Rush occurs during the detection and placing of bets rather than while waiting for the event outcome. Anyway, we love betting and we are proud of our ability to make profit. How much profit and how do we achieve it? Could we do it better? As in any business (professional bettors and surebettors are businessmen), we need good information to tell.
Arbitrage betting is very often called a risk free activity where you can win a lot of money. Of course, experienced arbers know that’s not real and newbies often discover risks the hard way. The truth is that arbitrage is an activity with some risks that must be carefully handled. Although there is a lot written about this subject, this article provides a unique place to summarize most common risks and it’s a must read for people starting arbing.
Sports arbitrage activity reached its plateau long ago due to a number of reasons including great competition, increased limitation and general bookmaker’s hunting attitude towards arbers. Countermeasure to this is certainly live-arbitrage betting. This article explores if arbing secondary markets constitutes as one another current sports-arbitrage real and profitable option.
Sports arbitrage trading in-play might be dangerous when betting late minutes of the game. Check out why live betting is dangerous.
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