On this page: How Does It Work? Using Software or Maths? Example FAQs Online bookmakers offering arbitrage betting No Code Required 4.7/5 Up to maximum £100 in free bets Go to Betfair Go to review New customer offer. Place 5 x €/£10 or more bets to receive €/£20 in free bets. Repeat up to 5 times to receive maximum €/£100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply. Code: 30f 4.3/5 Bet £10 get £30 in free bets + £10 in casino bonus Go to 888 Go to review New customers only · Minimum deposit of £10 · A qualifying bet is a ‘real money’ stake of at least £10 · Minimum odds of 1/2 (1.5) · Free bets credited upon qualifying bet settlement and expire after 7 days · Free bet stakes not included in returns · Deposit method, withdrawal restrictions and full T&C’s apply Arbitrage betting explained Sometimes, it can be hard to accurately predict the result of a sporting event, be it a football match, horse race or tennis tournament. Even super fans with all the facts at their fingertips will sometimes get it wrong, as do the bookmakers, who have large numbers of analysts working for them in order to accurately predict outcomes. This means that for the normal punter placing a wager, there is a large amount of uncertainty when it comes to trying to make a profit, with the surest bets sometimes turning into failures. This can be frustrating for many gamblers, who can sometimes begin to see sports betting as more of a game of chance than skill. However, some punters are able to pick up a steady profit no matter what the event they are betting on is. This is done via a system known as ‘arbitrage betting’. In a nutshell, it involves comparing the odds offered and placing multiple bets so that no matter the result, a profit will be made. Obviously, this can be quite difficult to do, but if performed properly, the profits can be considerable. This also makes it much easier to bet on sports that may be unfamiliar to the punter, as the arbitrage method only requires a direct comparison of the odds being offered on a given day. This is in contrast to trying to use limited knowledge of the sport itself in order to make a profit on a single straightforward win/loss bet, where factors such as the competitors, venue and even the weather can all have an impact on the outcome of the contest and potentially cause the punter to lose the bet.