Arbitrage opportunities occur when there are differences of opinion on a particular sporting event between two or more bookmakers. Remember that thanks to globalization and the internet you can use an online bookmaker who is based anywhere in the world. There are many reasons why bookmakers may offer wildly different odds on the same sporting event. For a start, many bookmakers overstretch themselves when offering odds - they try and cover every possible market to get as many customers as possible.

This is great news for us because in doing so they will sometimes offer odds on events that they have little or no expert knowledge in. For example, a bookmaker in the USA may know very little about English Division 2 football games, and yet offer odds on them. In contrast, an English bookmaker will be much more “clued up” as to the likely outcomes from the same games. The result? Wildly different odds on the same games, and a feast of arbitrage opportunities and free money for us. And remember, everyday more and more online bookmakers are entering the highly lucrative online gambling market - this is great news for us because the number of juicy arbitrage opportunities will grow well into the future! Also, bookmakers are busy people - and when they are forced to offer odds in pressurized situations they can sometimes make mistakes! Again - leading to a nice stream of easy arbitrage pickings.

How To Start Earning From Sports Arbitrage
Now we have a firm understanding of how arbitrage works and what causes them we're going to see how best to spot them, and how to organise your time for maximum efficiency. As an arbitrage trader it's vital that you construct a daily checklist of events that you wish to investigate. It's very handy to buy a diary specifically for your arbitrage trades and jot down the specific events you'll be hunting for arbitrages in. Make this a routine - for instance, perhaps on a particular Saturday you want to check the English football Premiership fixtures, the tennis fixtures and the one day cricket series between India and England. Do not randomly hunt for arbitrage opportunities without a system firmly in place.

Now that you've identified the list of events you're going to attack today, what do you do next? Let's start with the tennis fixtures between player A & player B in the below example. We will see how to go about organising ourselves to see if an arbitrage opportunity exists:

Example
You find out that the odds for Player A are as below:

Player A To Win
W.Hill 2/5
Ladbrokes 2/6
Eurobet 2/7
Scandibet 2/7
VC 2/6

And for player B
Player B To Win
W.Hill 2/1
Ladbrokes 5/2
Eurobet 3/1
Scandibet 5/2
VC 2/1

Here it's obvious that the best 2 prices are 2/9 for player A (W.Hill) and 3/1 for player B (Eurobet).

Does an arbitrage opportunity exist here? Yes:
To return a total of say £1000 on player A with W.Hill we need to invest (2/5+1 = 1.4...then £1000/1.4) £714.28

To return a total of £1000 on player B with Eurobet we need to invest (3/1+1 = 4...then £1000/4) £250

Our total investment to return £1000 whichever player wins is just £964. This is a clear arbitrage opportunity and you would then place £714.28 with W.Hill on player A and a further £250 with Eurobet on player B. At the end of the match you will pickup a certain profit of £35.72 - finding just 3 arbitrage opportunities a day of this kind (very achievable) will give you a daily profit of £107.16 - and a tax free monthly income of over £3000.

The traditional way to approach sports arbitrage trading is to have a daily list of sporting events and work through them one by one.

If you take this systematic approach with each sporting event you have on your checklist your chances of finding an arbitrage are very good. If you would like to learn more, you can discover a step to step guide of arbitrage trading and a list of daily arbitrage opportunities at http://www.freemoneyeveryday.com - for more free education you can also try http://www.my-online-powerpack.com/subscribersite.htm which goes into sports arbitrage methods in more detail.

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