In this section you will find additional specific information which we believe is crucial in your successful arbitrage betting experience. It is designed in the form of questions and answers.
Please, feel free to send any questions you have, which are not answered here, to education@oddsandbets.com or info@oddsandbets.com. Our goal is to assist you on every step of the way and our trading experts will be more than happy to answer your questions.
Q: How much money do I need?
A: The issue about initial capital is very much speculated on. Different resources claim that you need well over EUR 10,000-15,000 to even think about surebetting. Our experience has shown that anyone with a capital of 4000-5000 can easily get into this. It all comes down to how many bookies you will use and how you will structure your money management in general.
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Q: How many bookmaker accounts do I need?
A: We have deliberately prepared 4 different packages as we are aware of the fact that different people have different resources (time, money, etc) and hence we are aiming at providing you the optimal quantity of information for your needs. Starting with 5 bookmaker accounts and placing surebets between them is just enough for a start. You do NOT need over 20 different and funded accounts as some sources claim. Oddsandbets are able to deliver enough data in terms of quality, quantity and accuracy, so that you can make a decent profit with as few as 5 accounts. As a matter of fact, we do recommend that you start with no more than 5 or 10 bookies in your first month, in case you are new to arbitrage betting.
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Q: How much time do I need to spend?
A: There is no prescription for this as the more time you are at your PC, the more profit you will be able to make. However, spending a few hours a day is a must if you want to see a good profit figure at the end of the month. In general, most arbitrages occur within a few hours before the start of the event, so for example if a tennis tournament is played in the US, most surebets will probably occur within 2-3 hours before tha start of the daily matches. As with all other respects of surebetting, you need to gain some experience on your own to be able to customize your own habits.
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Q: How much can I profit?
A: As with every new thing, you need some time to get used to placing arbitrage bets, be able to quickly find the bet in question, verify odds, calculate stakes, prepare betting slips and place bets. Our practice shows that after the 1st month of arbitrage betting, you can learn to steadily make around 10% of your total bank each month. Profit will vary according to the market, your bookmakers choice, the amount of time and money you invest, etc.
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Q: How large surebets should I place? What should be my minimum margin %?
A: There is a general misconception among punters that surebets are only worth if they are larger than let’s say 5%. Our experts’ extensive trading practice shows that catching surebets of over 1% is a much better strategy. This way you make a significantly higher daily turnover and are able to realize a steady profit on a daily basis rather than keeping funds locked just waiting for that one surebet to make you rich. After all, around 50% of the surebets on the market yield between 1% and 2% profit.
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Q: What about credit card and other charges? Wouldn’t they offset my profit?
A: This is yet another misconception about placing surebets. Indeed, some bookmakers still take a charge for credit card deposits, however probably over 80% of the bookies have zero-charge deposits. Even in case one of your selected bookies does take a charge, this fee is spread over the total bet stake you place on a particular arbitrage. Additionally, you will not make a new deposit for every bet - most of the time your funds keep going from one account to another and back. Overall, the amount you pay on charges is negligible with regards to your profit from arbitrage betting.
Most bookmakers also offer a free withdrawal, either back to your credit card or to your bank account. Even the ones who do take a charge usually offer at least 1 free withdrawal per month, hence you will be able to take advantage of this and keep your money transfer almost fee free.
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Q: What currency should I bet in?
A: It really doesn’t matter. Most bookmakers offer a wide range of account currencies. However, there are several useful tips before you start:
- Make sure you have the same account currency with all the bookmakers you use. Otherwise foreign exchange differences may lead you to a loss and also calculating proportionate stakes becomes a time consuming and burdening task.
- We recommend using EUR, USD or GBP as your betting currency as these are available with most of the bookies.
- Betting in the currency of your credit card and bank account also saves cash. If your credit card and bank account are in USD open your bookmakers account in the same currency. Otherwise, you risk being charged for FX conversion for every single transaction you make.
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Q: Should I deposit my whole bank into the bookmaker accounts?
A: This is a very important issue regarding optimal money management! We highly recommend that you keep around 10-15% of your whole bank as a cushion. That is, in case you have decided to play with a total of EUR 10,000, keep around of it 1000-1500 in your bank account or credit card. This way, you will always be able to make a quick deposit to an account that has been emptied up without waiting for a withdrawal to be executed by another bookie. Also, keeping a cushion will allow you to avoid withdrawal charges. For example, if you have too much cash on a certain account and want to get a withdrawal - why not wait 4-5 more days until you get a free one instead of pushing things and paying fees? In such cases, you can always use your cushion to fill in an emptied account and keep profiting.
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Q: What is a good tip for not getting into the bookmaker’s face and getting my account closed or stakes limited?
A: No matter what they claim, most bookmakers do not like bettors who profit on their website. Most of them will closely review your account if you request a big payout. For example, withdrawing EUR 3000 at once will most definitely catch their attention, while making smaller withdrawals of up to EUR 1000 will go unnoticed. Substantial withdrawals usually lead to lowering the max stake on your account. This is regardless of what you bet, whether you make single bets, combos, etc. Try to keep a good payment policy of your own and if necessary execute several smaller withdrawals over the course of a few days rather than one big payment. Another attention catcher is the max stake - some bookies clearly display what is the maximum amount you are allowed to bet on a certain outcome while others only alert you in case you are trying to wager more than they accept. You will get used to that over time and the general recommendation here is - try to bet under the max. Several consecutive bets with the full amount allowed may also attract the bookie’s attention and lead to a cut down in your personal max stake.
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Q: What is the maximum amount I can place?
A: In general, bookmakers offer different max stakes depending on the sports, tournament and the odds. There are 3 types of bookmakers - ones that clearly display their max stake on each outcome, others who prompt for the max allowed if you try to wager more than it, and a third group who only say this bet is over the maximum, however do not clearly state the max they would accept. You should know the max stake policy of your selected bookies. When placing bets, keep in mind which bookie does not display the max. In such cases - always place the first bet of the arbitrage there and the other bet as soon as the first one is accepted. Otherwise, you risk that one of the bookies may not accept the full stake you wanted to place and you are then exposed. In such cases you can either leave yourself exposed (if you believe that one of the contestants in the bet will win) or quickly hedge yourself. Go to your other bookies, find the highest odds available on the outcome on which your stake was not accepted in full and then hedge your position. Take care how much stake you will place as most probably the odds will not be the same, so you may have to hedge with a slightly higher stake than the part which was not accepted.
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Q: What do bookmakers think about surebets?
A: Some bookies may at first frown at the thought of surebets, however such activities are a good way for them to collect stakes and hedge their position. In general, the bookie’s aim is to collect proportionate stakes on all sides of a bet, so that he profits no matter the outcome. In other words - bookies are also trying to make surebets from their own perspective. We have witnessed numerous occasions in which bookies make a rapid shift in the odds on a certain outcome. Such “tricks” are made when they are heavily exposed on the other outcome. That is, such bookies enter into large surebets on purpose, so that they can collect stakes and hedge their own position on that event. In other words, this is a very handy approach for bookies and they use it a lot.
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Q: Why do you sell this information when it’s so good and you can profit for yourselves?
A: This is a very valid and important question. We could use this information for ourselves and profit from placing surebets. However, as previously discussed, there are numerous simultaneous arbitrages on the market, so no single person can utilize them all. Additionally, bookmakers’ stake limits imply that one has to keep several accounts with each bookie to become rich form surebetting. It is a perfect way for making a good steady personal income, however not good enough for supporting our team.
Last but not least, we believe it is a much greater challenge to provide a service such as oddsandbets, hence making customers happy keeps us even happier:-)
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Q: Why should I choose Oddandbets.com when there are other arbitrage services available?
A: It is true there are other available surebet services on the internet, however we believe we differentiate from them for the following unmatched benefits we deliver:
Financial Benefits:
- We let you choose among a variety of subscription packages tailored to meet your specific needs, so that you never pay for data you don't need.
- Using our service, you are able to make risk-free money with as few as 5 bookmakers.
- We deliver a massive quantity of data which ensures that you can cover your subscription fee within 1 day of arbitrage betting.
- You don't need to keep huge amounts on your bookmaker accounts to make profit from surebets.
- You can earn around 10% profit on your total bank every month.
Data Benefits:
- Oddsandbets is the first comprehensive surebet service to include over 60 bookmakers.
- We are the first such service to include betting exchanges.
- We are the first surebet service to collect data on 1 minute intervals and deliver real-time surebets.
- We detect thousands of surebets every day.
Service Benefits:
- You get an Instant FREE trial, so that you can get a hands-on experience before you decide to subscribe.
- We provide ongoing professional customer support ready to assist you every step of the way. Furthermore, there are weekly chat sessions on which we can discuss any surebet related issues.
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