Arbitrage betting is a well-known strategy among sports bettors, allowing them to lock in profits by identifying profitable events and placing bets on all possible outcomes, regardless of the end result. But where can you make arbitrage bets?
In this post, we'll look at whether DraftKings, FanDuel and other popular sportsbooks can be used for arbitrage betting. We’ll also introduce you to some essential tools, including the No. 1 arbitrage bet finder, to help you streamline and simplify the arbing process.
Contents
- What is Arbitrage Betting?
- Where Can I Place Arbitrage Bets?
- Tips for Effective Arbitrage Betting
- Which Tools Can Help With Arbitrage Betting?
- How to Start Arbitrage Betting
1. What is Arbitrage Betting?
Arbitrage betting is a betting strategy used to guarantee a profit by covering all possible outcomes of a sports game or event. There’s a bit more to it than that, but that’s the most simple explanation.
Sportsbooks offer odds on hundreds of sporting events every single day. Odds are used to show the possibility of a specific outcome in a sporting event. They also determine how much money a bettor can win based on their wager. But not all odds are created equal and these discrepancies create arbitrage betting opportunities.
You can take advantage of these variations in odds by placing one bet on Team A at one sportsbook and then placing a second bet on Team B at a different sportsbook. Now, whatever happens in the game, one of your bets will win and thanks to the different odds you wagered at, you can guarantee yourself a profit.
Read More: Is Arbitrage Betting Legal? The Facts
2. Where Can I Make Arbitrage Bets?
Before you can start arbitrage betting, you need to make sure that sports betting is legal in your state. You don’t have to live in a state where sports betting is legal, you just need to be physically located there, which means that you can visit a neighboring state.
Next, you’ll need to find a sports betting site or sportsbooks, such as FanDuel, DraftKings, Bet365 that operate in your area. Then it’s time to compare odds, identify arbing opportunities and place your bets.
Here are 5 of the top US sportsbooks where you can make arbitrage bets (state restrictions may apply):
FanDuel Arbitrage Betting
FanDuel is one of the most popular sportsbooks in the U.S., known for offering competitive odds and an easy-to-navigate app. Its wide range of betting markets makes it a great platform for spotting arbitrage opportunities.
DraftKings Arbitrage Betting
DraftKings offers a vast selection of sports and betting markets, which is ideal for finding arbitrage opportunities. With frequent promotions and odds boosts, you can maximize your profit potential when using multiple sportsbooks for arbitrage.
Bet365 Arbitrage Betting
Originating in the UK, Bet365 is now a major player in the global sports betting market, having expanded its reach to the US. Thanks to its extensive range of betting markets and competitive odds, Bet365 is great for finding arbitrage betting opportunities.
Fanatics Sportsbook Arbitrage Betting
A relatively new entrant in the US sports betting market, Fanatics Sportsbook is keen to make an impact, offering competitive odds which can create valuable arbitrage betting opportunities.
Caesars Arbitrage Betting
A popular online sports betting platform in the US, operated by Caesars Entertainment, a major player in the casino industry. Known for its strong presence in online gaming, Caesars Sportsbook has become a go-to choice for bettors across various states.
3. Tips for Effective Arbitrage Betting
Arbing can be a profitable strategy when done correctly, so here are some top tips for effective arbitrage betting:
- Sign Up to Multiple Sportsbooks
To take advantage of arbitrage opportunities, you need access to as many sportsbooks as possible. Different platforms offer different odds, so having accounts with several sportsbooks gives you a wider range of options to find profitable discrepancies. - Act Quickly
Arbitrage opportunities can be considered rare or fleeting because sportsbooks frequently update their odds. When you spot a potential arb, you’ll need to place your bets as quickly as possible to lock everything in before the odds change and the arb disappears. - Look Out for Promotions
Sportsbooks often offer promotions like free bets which can be converted into real profit with the matched betting method. The process is similar to arbitrage betting but means you can increase your profit margin without spending a cent of your own money. - Start Small and Scale Gradually
If you’re new to arbitrage betting, start with smaller stakes to get comfortable with the process. Once you gain experience and understand how to manage risks effectively, you can gradually increase the size of your bets. - Stay Organized
Keep a detailed record of your bets, including which sportsbooks you used, the odds, and the stake amounts. This will help you track your profits and ensure you’re not making mistakes in the calculations. - Use Arbitrage Betting Software
Manual comparison of odds across multiple sportsbooks can be extremely time-consuming. Use arbitrage betting software or tools to automatically identify opportunities. These tools can save you heaps of valuable time and increase your chances of finding profitable bets.
The above tips are all valuable when it comes to getting the most out of your arbitrage betting experience but using arbitrage betting software is probably the most important point there.
Arbing software can not only save you significant time in comparing odds but it can also improve your chances of finding profitable opportunities and then automate the entire process. Let’s take a closer look at some of the best arbitrage betting tools available.
4. Which Tools Can Help With Arbitrage Betting?
Since arbitrage betting relies heavily on finding the best odds at the right moment and calculating the correct stakes, doing this manually can be hugely challenging. Especially for those who are new to arbing. Luckily, the process can be automated thanks to tools like The Dutch Matcher, the No 1 arbitrage bet finder.
Dutch Matcher
The Dutch Matcher is an invaluable tool for simplifying your arbitrage betting process. It instantly scans all upcoming sporting events in your state, ranks them from most to least profitable, and provides clear guidance on how to place and hedge your bets.
With the Dutch Matcher, you can ensure a guaranteed profit, regardless of the event's outcome, all in just seconds.
Dutch Matcher Calculator
The Dutch Matcher's built-in calculator does all the math for you and clearly shows exactly how much you need to bet and the amount of guaranteed profit you’ll make, no matter what happens in the sport event. It even links directly to the sportsbook meaning you can save even more time and get the best odds.
Arbitrage Calculator
An arbitrage calculator is a piece of betting software that allows individuals to identify profitable betting opportunities by comparing different sportsbooks' odds on the same event. The calculator uses the variance between these odds to calculate how much you need to bet on each to guarantee a profit.
While this can be a useful tool for checking potential one-off arb bets, it’s nowhere near as powerful as the Dutch Matcher / Dutch Matcher Calculator.
5. How to Start Arbitrage Betting
If you’re ready to start arbitrage betting, you might be wondering where you can get your hands on the tools we looked at above.
ProfitDuel has created a whole host of tools which can help you get the most out of arbitrage betting and other profit-guaranteeing methods, such as matched betting.
Matched betting is a method that uses free bet offers and promos to guarantee risk-free profits. By converting these free bets into profit, you can systematically secure monthly profits in the $1,000s, all thanks to matched betting.
The ProfitDuel platform is designed to help you navigate the world of matched betting and arbitrage betting with ease, providing you with the tools and support needed to turn promotions into real money and guarantee profits from the sportsbook.
Why not try ProfitDuel out today? We’ll even give you a special offer of 50% off your first month to get you started. Pssst… most of our members earn $1,000+ profit in their first month with us.