Honestly, I am not sure the term arbitrage is right to use here. But, I am about to ask:
Will it be profitable if we bet on both the side of a sport but in different gambling house with different odds. Definitely one team will win so that I will get profits which will be covering the losses in another house? Given that I am betting same amount of money on both of the houses.
Let me explain with example:2 gambling houses : House-A and House-B
2 sport team : Team-1 and Team-2
House-A is showing odd of 3.5 for the betting of, if Team-1 wins.
House-B is showing odd of 4.0 for the betting of, if Team-2 wins.
Now, I bet on Team-1 in House-A and on Team-2 in House-B for the amount of $10 each.
Team-1 wins.
I will lose $10 in House-B but I will get $30+ from House-A.
Now, my balance must have grown from $20 to $30+
Where or what I am missing out here or are you already doing this?
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
I have been doing that for some time. It is a very good opportunity to make 'guaranteed' profits. But to this manually is almost impossible. But there are several good softwares that automatically track arb bets over 100+ different bookmakers.
But there are some catches.
· to be profitable with sports arbitrage you need at least 10-15 bookmaker accounts which are funded.
· Many bookmaker very often limit accounts if they see it belongs to arb bettor
· There are several struggles that can happen when placing your arb bet.
· The odds can suddenly change after you placed your bet on bookmaker A
· Bet gets voided on 1 of the 2 bookies
· Bookie changes the max stake while placing the bet
· .....
Thats why I changed from arbitrage betting to value betting. Value betting is not a 100% guaranteed winning method. Downswings can occur. But in the long run value betting will be profitable. the software that I am using personally says that with 30 value bets daily by following their bets and bet amounts you should be able to double your bankroll within 90 days.
the software is pretty nice as well. I will attach some screenshots. All value bets appear automatically, You can log your bets with 1 click so you have a total report at any times
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZBp48j3.png&t=665&c=tUj9fM3PMExXNg)
couple things I like more about value betting.
· no cross betting between bookies necessary
· No need of having 10+ betting accounts. 1-3 are more than enough
· smaller bankroll needed to start with