What is Sports Betting Arbitrage?

Arbitrage is using the difference in markets in such a way that a risk-free profit can be guaranteed whatever the outcome of an event.In Sports Betting Arbitrage we are taking advantage of bookmakers differing opinions about the outcome of a sporting event to ensure a certain profit.
In the financial markets this may involve buying a commodity or financial instrument in one market and simultaneously selling the same commodity or financial instrument at a higher price on a different market to ensure a risk-free profit.In Sports Betting Arbitrage we are profiting from bookmakers having different opinions about the outcome of a sporting event. Sports Betting Arbitrage bets win regardless of the outcome of the event without the need for any expert knowledge of sports or sports betting.
Take a look at an example how a Sports Betting Arbitrage Transaction works.
There were many arbs between 3% and up 9.17% .
Several of these arbs lasted until close to kick-off time because there is so much betting activity on the games.
An example of one arb that week is given below:- Poland Vs LatviaYou could bet:- Latvia at 15.0 with Bet365 Eurobet-
The Draw at 7.0 at Luvbet-Poland at 1.35 with several bookmakers including Nordicbet.com, unibet.com, playit.comBy splitting your total stake Poland 77.951%, Draw 15.033%
and Latvia 7.016% you would guarantee a profit of 5.23% regardless of the outcome of the match.i.e.
Poland 77.951 x 1.35 = 105.23
Draw 15.033 x 7 = 105.23
Latvia 7.016 x 15 = 105.23