Arbitrage Betting FAQs: What is it and How to Make Money

We’ve explained arbitrage before in articles like this one and I even gave some of my personal strategies away in this one, but I wanted to take this opportunity to go over some frequently asked questions about arbitrage in sports betting and using OddsJam.

Before we get into it, if you have any questions that aren’t answered below feel free to send me an email at [email protected] and I will either personally answer them or direct you to more of our content to help you out with whatever you need.

What is Arbitrage Betting?

Arbitrage betting, or arbing, involves strategically placing wagers on all possible outcomes of an event to ensure a positive financial outcome regardless of the result.

While many people are skeptical of opportunities that seem “too good to be true,” this method is entirely legitimate when executed correctly, consistently yielding favorable results.

Why is Arbitrage Possible?

Every sportsbook sets their odds independently. Books aim to offer as many bets as possible, and sometimes they mess up. These errors, sometimes only 2-3%, compound into a massive advantage for you as the sports bettor.

Each arbitrage bet can make you few bucks for less than 60 seconds of work. If you consistently take advantage of these opportunities, your profits can compound very quickly.

How do I Get Started Arbitrage Betting?

To be a successful arbitrage bettor, you’ll want to have as many sportsbook accounts as possible. Here’s a full list of the books in your location – sign up for them all!

How Much Money Can I Make Arbitrage Betting?

It all depends on how much time you put in… OddsJam has many users who make over $10,000 a month. Just look below.

What are the Downsides of Arbitrage Betting?

With arbitrage betting, you need to move quick. These are MISTAKES by sportsbooks that do not last forever. Additionally, most sportsbooks have maximum bet sizes of $100-$1,000. Thus, arbitrage is great side hustle for making $100 a day, but you’re not going to get rich overnight. This is a long-term game.

You also need to have access to two specific books that are part of the arb. Don’t worry though, you can filter your arbitrage tool to only show opportunities at sportsbooks you have access to.

Can I See an Example of an Arbitrage Bet?

Sure! Although there’s a learning curve to arbitrage betting, it’s pretty easy and you can do it anytime. Just follow the arbitrage calculator which tells you exactly how much to bet on each book & what your profit will be – in this case, $21.64.