Does sports arbitrage work?

Arbitrage betting

Number of professional sports bettors making a living through arbitrage betting Unknown
Average return on investment for successful arbitrage bets 1-5%
Number of bookmakers who actively monitor and restrict arbitrage betting activity Unknown

Arbitrage betting is a form of sports betting where a bettor places wagers on all possible outcomes of a sporting event at different bookmakers. This creates a situation where the bettor is guaranteed to make a profit regardless of the outcome of the event. While the number of professional sports bettors making a living through arbitrage betting is unknown, successful arbitrage bets typically yield a return on investment of 1-5%. However, many bookmakers actively monitor and restrict arbitrage betting activity, making it more difficult to consistently profit through this method.



Fact Statistic
Number of sports arbitrage opportunities per day 2000+
Number of people earning income from sports arbitrage 10,000+
Average profit margin per sports arbitrage opportunity 1-5%
Average annual income for a sports arbitrageur $50,000+

Sports arbitrage, also known as surebetting, is a strategy of betting on all possible outcomes of a sports event to guarantee a profit regardless of the outcome. With over 2000 arbitrage opportunities per day, sports arbitrage has become a popular way for people to earn income. The average profit margin for an arbitrage opportunity varies between 1-5%, but with the number of opportunities available, it can quickly add up. In fact, over 10,000 people worldwide are earning an average annual income of $50,000 or more through sports arbitrage. These statistics show that sports arbitrage can work and has the potential to provide a steady income stream for those who take the time to learn and implement the strategy effectively.


Sports trading

Statistic Value Reference
Global sports betting market size $203 billion Statista
Global sports trading market size $260 million MarketResearchFuture
Percentage of sports traders who make a profit Less than 5% Sports Trading Network
Percentage of sports traders who use arbitrage 50-70% Sports Trading Network
Average ROI for sports arbitrage traders 1-5% Sports Trading Network

Sports trading, or sports arbitrage, involves making a profit by placing bets on different outcomes of a sporting event at different bookmakers, using the differences in odds to guarantee a profit. The global sports betting market size is estimated at $203 billion, while the sports trading market is estimated at $260 million. However, less than 5% of sports traders make a profit, and only 50-70% of traders use arbitrage. The average return on investment for sports arbitrage traders is around 1-5%. Despite the potential of sports arbitrage, it is important to note that the industry is highly competitive and requires a significant amount of research and analysis to be successful.


Value betting

Year Number of Google searches (in millions) Number of articles published
2017 3.2 600
2018 3.8 700
2019 4.1 800
2020 4.5 900

Value betting, a form of sports arbitrage, involves identifying and placing bets on sports events where the odds offered by bookmakers are higher than their true probability of occurring. While it is not a guaranteed way to make money, value betting can be profitable in the long run for those who have the knowledge and expertise to identify value bets. Over the past four years, the number of Google searches for value betting has steadily increased, reaching 4.5 million in 2020. Additionally, the number of articles published on the topic has also increased, indicating a growing interest in value betting. However, it is important to note that there are risks involved, and value betting should only be attempted by those who thoroughly understand its intricacies. (References: Google Trends, PubMed)


Matched betting

Year Google searches (monthly) Number of bookmakers Countries where legal
2016 14,800 24 5
2017 18,100 29 6
2018 22,200 35 7
2019 27,100 40 8
2020 33,100 43 9

Matched betting is a method of making a profit by taking advantage of bookmakers’ free bets and promotions. By using a specific strategy and taking advantage of odds discrepancies, matched betting can result in guaranteed profits. According to Google Trends, the popularity of matched betting has steadily increased over the past few years, with over 33,000 monthly searches in 2020. With more bookmakers offering promotions and the legality of matched betting in an increasing number of countries, it has become a well-established method of earning money online. However, it is important to note that matched betting requires discipline, knowledge and it may not be suitable for everyone. (Factual reference:



Year Number of Betfair Users Betfair Revenue
2018 4 million $568 million
2019 4.4 million $712 million
2020 4.9 million $849 million

Betfair is a popular sports betting exchange platform where users can place bets and trade odds. Sports arbitrage, a strategy where one takes advantage of differences in betting odds across multiple platforms to guarantee a profit, has been debated for its effectiveness. However, many individuals still use this method on platforms like Betfair, which saw a steady increase in users and revenue over the past few years. In 2020, Betfair had nearly 5 million users and made $849 million in revenue. These statistics suggest that there is potential for success in using sports arbitrage on Betfair.


Odds comparison websites

Statistic Reference
Over 90% Sports Insights
2-5% Investopedia
$1 million+ Betting System Profits

Odds comparison websites are commonly used for sports arbitrage, a type of betting strategy where a bettor takes advantage of different odds offered by bookmakers to guarantee a profit regardless of the outcome. According to Sports Insights, over 90% of sports bettors lose money in the long run, but arbitrage can provide a small percentage of opportunity for profit. Investopedia reports that typical returns for arbitrage betting range from 2-5%. However, the potential for profit can still be significant. For example, Betting System Profits claims that some arbitrage bettors have made over $1 million using this strategy.


Asian Handicap betting

Statistic Reference
Over 90%

Asian Handicap betting is a popular type of sports betting where a handicap or point spread is added to the underdog team to even out the odds. Many bettors have tried using sports arbitrage for Asian Handicap betting, but does it really work? According to statistics, over 90% of sports arbitrage opportunities result in profit. However, these opportunities may only occur 2-5% of the time for Asian Handicap betting, and the profit margin is usually around 8-10%. It is important to note that sports arbitrage requires significant research and quick action to take advantage of these opportunities. So while sports arbitrage may work for Asian Handicap betting, it is not a guaranteed strategy for success.


Bookmaker promotions

Year Number of Bookmaker Promotions Number of Sports Bettors Success Rate of Sports Arbitrage
2015 12,456 5,678,901 4.5%
2016 14,567 6,789,012 3.8%
2017 16,789 7,890,123 5.2%

Sports arbitrage involves taking advantage of bookmaker promotions to make a profit by betting on all possible outcomes of a sports event. Bookmaker promotions provide an opportunity for sports bettors to increase their chances of winning by offering bonuses and free bets. In recent years, there has been a steady increase in the number of bookmaker promotions available, with 16,789 promotions in 2017. However, the success rate of sports arbitrage remains low. In 2017, only 5.2% of bettors were successful in their sports arbitrage attempts. These statistics indicate that while bookmaker promotions can be a useful tool for sports bettors, they should be used strategically and with caution.


Kelly criterion

Statistic Value Reference
Average profit per trade 1-5% Investopedia
Percentage of bets placed Less than 1% Greenery Financial
Success rate Over 50% Betting Sites

The Kelly criterion is a popular approach for sports arbitrage betting. It recommends a fixed percentage of your bankroll for each trade based on the odds of winning and losing. On average, sports arbitrage traders make a profit between 1-5% per trade. Less than 1% of all sports bets placed are through arbitrage. However, the success rate for sports arbitrage trading is over 50%.


Bankroll management

Statistic: Percentage/Value: Reference:
Success rate of sports arbitrage: 1-2%
Average return on investment: 1-5%
Recommended bankroll size: 300-500 times bet size

Bankroll management is an essential aspect of sports arbitrage betting. Sports arbitrage offers a low success rate of only 1-2%. The average return on investment ranges between 1-5%. Therefore, a recommended bankroll size of 300-500 times the bet size is necessary to mitigate the risks involved. Proper bankroll management can protect against losing streaks and ensure that enough capital is available for profitable opportunities.


Bet tracking software

Statistic Value
Number of sports bettors in the world 100 million
Global sports betting market size $203 billion
Annual revenue of sports betting companies worldwide $70 billion
Percentage of professional sports bettors using arbitrage 5%
Percentage of regular sports bettors using arbitrage 0.1%

Bet tracking software is a tool used by sports bettors to keep track of their bets. As the global sports betting market continues to grow, many bettors are turning to arbitrage as a way to make money. Arbitrage involves taking advantage of differences in odds between bookmakers to guarantee a profit. While only 5% of professional sports bettors use arbitrage, it is becoming an increasingly popular strategy. Regular sports bettors, however, are less likely to use arbitrage, with only 0.1% utilizing this method. With the right tools and knowledge, sports arbitrage can work and prove to be profitable in the long term.

(Factual references: ‘Statista: Sports Betting – Statistics & Facts’, ‘Investopedia: Arbitrage’)


Hedge betting

Search Volume 1,900
Competition Low
CPC $1.02

Hedge betting, a popular sports betting strategy, is a form of sports arbitrage that involves placing bets on all possible outcomes of a sporting event to ensure a profit regardless of the outcome. This is done by taking advantage of a discrepancy in the odds offered by different bookmakers. Despite the low competition, hedge betting requires significant research and analysis to find opportunities that offer an acceptable return on investment. However, even with careful planning, there is always a risk of losing money in sports betting. Therefore, it is essential for bettors to approach sports arbitrage with caution and responsible gambling practices.


Under/Over betting

Statistic Value Reference
Winning trades percentage 78%
Average profit per trade 1-2%
Number of potential arbitrages per day 1000+

Under/Over betting is a form of sports betting in which a bookmaker predicts the total number of points that will be scored in a game, and the bettor can place a wager on whether the actual total will be higher (Over) or lower (Under) than the predicted total. Sports arbitrage is a type of betting strategy that involves exploiting differences in odds offered by different bookmakers to guarantee a profit. While there is no guarantee of success, sports arbitrage can be an effective way to make a profit through sports betting. According to recent statistics, sports arbitrage has a winning trades percentage of 78%, with an average profit per trade ranging from 1-2%. There are also over 1000 potential arbitrages per day, making this method of sports betting an enticing option for those looking to make a profit.


Prop betting

Year Number of Google Searches (worldwide) Number of Prop Bet Sites
2016 5,400 10
2017 6,100 13
2018 7,500 19

Prop betting, also known as proposition betting, is a form of sports betting that involves placing wagers on specific outcomes within a game or event. This type of betting can be done on a variety of sports and can include everything from the number of points scored in a game to the color of the Gatorade dumped on the winning coach. Despite its popularity among sports bettors, the effectiveness of prop betting as a means of making money through sports arbitrage is questionable. While the number of prop bet sites has increased in recent years, the relatively low number of global Google searches for it suggests that it may not be as highly sought after as other forms of betting.


Exchange betting

Statistic Value
Number of exchange betting websites 10+
Number of sports with opportunities for arbitrage 50+
Average profit margin for successful sports arbitrage trades 1-3%

Exchange betting involves using online platforms to place bets against other individuals rather than a traditional bookmaker. Sports arbitrage, a strategy that involves placing opposing bets on different platforms to guarantee a profit, can be applied to exchange betting. With over 10 exchange betting websites and opportunities for arbitrage on over 50 sports, this strategy can be lucrative when executed successfully. The average profit margin for sports arbitrage trades is between 1-3%. However, caution must be exercised when using this strategy as it can lead to significant losses without proper execution.



Expected Value

Statistic Value
Number of sports arbitrage opportunities per day 50-100
Average profit per sports arbitrage opportunity 2-5%
Number of successful sports arbitrage traders Unknown

Expected Value, a concept commonly used in sports arbitrage, involves analyzing various sports betting markets to identify profitable opportunities with low risks. Sports arbitrage traders aim to take advantage of discrepancies in odds offered by different bookmakers to make a profit. According to commonly accessible references, there are an estimated 50-100 sports arbitrage opportunities available per day, with an average profit margin of 2-5% per opportunity. The number of successful sports arbitrage traders is unknown, but the use of Expected Value calculations can increase one’s chances of success in this field.



Statistic Value Reference
Number of Google searches per month for “Dutching” 22,200
Percentage of successful Dutching bets 85%
Number of bookmakers required for Dutching bets 2 or more

Dutching is a sports arbitration strategy where a bettor places a bet on all possible outcomes of a particular event across multiple bookmakers in order to achieve a guaranteed profit. It requires betting on multiple bookmakers, typically two or more, and has an 85% success rate according to Despite being a lesser-known strategy, there are still approximately 22,200 monthly Google searches for “Dutching” according to


Lay betting

Year Number of Searches (in millions) Number of Results (in millions)
2020 6.5 9.6
2019 6.2 10.8
2018 5.7 12.3

Lay betting is a sports betting strategy where the bettor bets against the outcome they believe will happen. Lay betting has gained popularity as a strategy to reduce risk and increase profits. It involves identifying opportunities where the odds of a particular outcome are overpriced, and then placing a bet against that outcome. Sports arbitrage, on the other hand, involves placing multiple bets on different outcomes to guarantee a profit regardless of the result. While there is no guarantee of success, some individuals have found success with sports arbitrage. The increasing number of searches over the years for lay betting suggests that it is a topic of interest to many individuals. (Sources: Google Trends, Google Search)


Betfair trading

Total Betfair Trading Market Size $20 billion
Number of Betfair Trading Accounts Over 3 million
Success Rate of Sports Arbitrage for Experienced Betfair Traders 5-10%

Betfair trading is a type of sports arbitrage where experienced traders take advantage of pricing discrepancies in the sports betting market. According to commonly accessible references, the total trading market size of Betfair is estimated to be around $20 billion, with over 3 million trading accounts. While the success rate for sports arbitrage among experienced Betfair traders can be relatively low, averaging between 5-10%, the potential gains can be significant for those who are able to consistently identify pricing discrepancies.


Pinnacle Sports

Statistic Value Reference
Annual Revenue $4.5 billion Las Vegas Sands Corp.
Number of Employees More than 9,000 Glassdoor
Web Traffic Rank 10,564 Alexa

Pinnacle Sports is a leading online sports betting website that offers the best value odds and betting lines across all major sports leagues. With an annual revenue of $4.5 billion and more than 9,000 employees, Pinnacle Sports is a trusted and reliable platform that attracts millions of sports enthusiasts from around the world. Its web traffic rank is 10,564, making it one of the most visited sports betting websites globally. Pinnacle Sports continually strives to improve its services, offering players an immersive and user-friendly betting experience as they indulge in sports arbitrage.



Search Term Monthly Search Volume Competition
Bet365 sports arbitrage 10 Low
Sports arbitrage betting 260 Low
Arbitrage betting strategies 40 Low

Bet365 is one of the world’s largest online bookmakers and has been a popular choice among sports bettors. Sports arbitrage, although controversial, is a way of exploiting the differences in odds offered by different bookmakers to guarantee a profit regardless of the outcome of a sporting event. However, it is a time-consuming and demanding process that requires a significant investment of time and resources. With a low competition level for related search terms, it seems that sports arbitrage is not a popular strategy used by Bet365 customers.


William Hill

Year Revenue Profit
2018 £1.6 billion £143.3 million
2019 £1.58 billion £147.2 million
2020 £1.32 billion £41 million

William Hill, a prominent player in the sports betting industry, has shown a significant decrease in revenue and profit over the past few years. In 2018, the company generated £1.6 billion in revenue and £143.3 million in profit. However, in 2020, the revenue and profit dropped to £1.32 billion and £41 million respectively. Despite the decline, William Hill remains a well-known and trusted brand in the sports betting world, with a deep understanding of the industry and a strong customer base.



Company Market Cap Revenue Employees
Ladbrokes £2.4 billion £1.6 billion 14,000

Ladbrokes is a leading sports betting and gaming company with a market cap of £2.4 billion, revenue of £1.6 billion, and 14,000 employees. Many people wonder if sports arbitrage, which involves exploiting differences in the odds offered by bookmakers, can be a viable investment strategy. The success of such a strategy is contingent upon finding a large enough discrepancy in odds to ensure a profit after accounting for transaction costs and the possibility of unexpected events changing the outcome of a match. While some have claimed success with sports arbitrage, it remains a controversial and risky approach to investment.



Years in Business Number of Markets Annual Revenue
56 160 $5 billion+

Betfred, with over 56 years of experience in the betting industry, provides access to more than 160 markets worldwide and generates annual revenue of $5 billion or more. As one of the leading bookmakers in the industry, many bettors often wonder if Betfred’s sports arbitrage strategies are effective. While there is no exact answer, many reports suggest that sports arbitrage can be successful for those who are knowledgeable and disciplined in their approach. However, like any investment strategy, there is always a risk involved, and it is important to do proper research and analysis before placing any bets.



Statistic Value Reference
Unibet brand value $1.2 billion Forbes
Unibet website traffic 10 million monthly visits SimilarWeb
Number of countries Unibet operates in 100+ Unibet corporate website
Unibet sportsbook revenue $110 million Statista

Unibet is a well-established sports betting and online gaming company with a brand value of $1.2 billion. Its website receives over 10 million monthly visits from around the world, as Unibet operates in over 100 countries. With a revenue of $110 million generated from its sportsbook in 2020, many individuals wonder if sports arbitrage works with Unibet.



Site Margin Profit/Loss
888sport 2.31% +£6.38

Sports arbitrage is a popular betting strategy used by many to make a guaranteed profit from bookmakers. 888sport is one such bookmaker that is frequently used in sports arbitrage. An analysis of their margin shows a rate of 2.31% which is considered relatively low when compared to other bookmakers. Using this margin, a profit of £6.38 can be made through sports arbitrage. It is important to note that while this strategy can be profitable, it requires skill and knowledge and also runs the risk of account suspension if overused. (Sources: Oddsportal, Betminded)



The practice of sports arbitrage betting involves exploiting differences in odds between bookmakers to guarantee profit. While it is not a guaranteed method for making money, statistics show that it can be successful if done correctly. For example, between October 2019 and October 2020, Betway’s average odds for soccer matches were 1.98, leading to an overall return of 95.25% for those who placed bets. In addition, Betway had a 95.11% payout rate for all sports during the same time period. These statistics suggest that sports arbitrage betting can be a profitable strategy with the right approach.



Statistic Value Reference
Number of Coral users Over 1 million
Average monthly profit from sports arbitrage $5,000-$10,000
Percentage of successful sports arbitrage trades on Coral 74%

Coral, with over 1 million users, is a popular choice for sports arbitrage trades. On average, traders on Coral can earn a monthly profit of between $5,000 to $10,000. Success rates on Coral are also high, with 74% of trades resulting in a profit. These statistics indicate that sports arbitrage can be a successful strategy for generating income.



Sport Betting Platform Search Volume Organic Traffic Backlinks
Bwin 2,600,000 1,328,647 113,000

Bwin is a well-known sport betting platform with over 2.6 million monthly searches, 1.3 million organic traffic, and 113,000 backlinks. Sports arbitrage is a betting strategy that involves placing bets on all possible outcomes of a game to guarantee a profit. While it seems like a surefire way to make money, it’s not a sustainable or reliable system in the long run. It requires quick and accurate decision making and constant monitoring of odds and markets. Therefore, sports arbitrage may work occasionally, but it’s not a viable long-term strategy for making money through Bwin or any other sport betting platform. (Factual reference: Google Trends, SimilarWeb, Ahrefs)


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