Sports Arbitrage Betting Lucas Vazquez Real Madrid Camiseta , ‘Arb Trading’, ‘Sure Bets’ and ‘scalping’ all basically mean the same thing: the idea of realizing a profit from the fact that different bookmakers have different views about the statistical probability of a particular event happening.

If you should go to one specific bookmaker and place a bet on both outcomes of a particular match, the cost of the 2 bets will be more than the profit that you will make. Although the profit is therefore guaranteed, it will not cover the cost of the two bets. This is in fact how bookmakers make their money.

If you can find two bookmakers, however, who offer different odds for the same event, you might well be in the pound seats. You could then e. G. Place a bet that team A will win a certain match at one of the brokers, and place another bet that team B will win the match at the other broker. If you do your calculations properly Casemiro Real Madrid Camiseta , you can end up with a guaranteed profit of around 4% to 5%. Since bookmaking has become computerized, it has become much more difficult to find such opportunities though.

Let us take a simple example.

Let;s say you want to bet on an upcoming tennis match. Bookmaker X has the following odds: 1.10 on the visiting player and 8. 00 on the home player. Bookmaker Y has a different opinion, and thus different odds of: 1.20 on the visiting player and 5.00 on the home player.

Our first step is to do a simple calculation. Let;s say you want to make $8000 profit from the bet.

Bookmaker 1:$1818.20 on 1.1 wins $2000,$250 on 8 wins $2000

Bookmaker Y:$6666. 80 on 1. 2 wins $8000,$1600 on 5 wins $8000

A quick look at the above calculation shows clearly that if you should both on both players at bookmaker X, the total cost would be $7272.80 plus $1000 = $8282.80. You will win $8000, but at a cost of 8282.80, resulting in a net loss of 282.80. Similarly Kiko Casilla Real Madrid Camiseta , should you bet on both players at bookmaker Y the total cost will be $8266.80 with a guaranteed net loss of $266.80. Now you see how bookies make their money, don’t you?

Nonetheless, if you bet on the underdog at bookmaker 1 (8.00) and the front-runner at Bookmaker 2 (1.20) you would have to bet only $1916.70 in order to win $2000. That is a sure win of $83.30 since you’re using the arbitrage opportunity arising from the different odds offered by the two bookmakers. Regardless of who wins, you will still win $2,000, and you will have only paid out $1916.70.

Is sports arbitrage betting really this simple? Yes, if you can find an arbitrage opportunity. That is not so simple nowadays with computerised betting. You might have to study the odds offered by countless bookmakers to find one such opportunity.

There are however some factors that can have a negative effect on your profit, like high deposit and withdrawal costs Nacho Fernandez Real Madrid Camiseta , matches being canceled and currency exchange losses. If you have to pay a fixed amount every time that you make a deposit, or a withdrawal, making too many deposits and withdrawals over a period of time will eat away at your sports arbitrage betting wins and leave you with a very small percentage profit on your initial investment. You should read up on this before placing any bets!

Looking for a different way to make money betting? If haven’t heard heard of arbitrage betting, you’re missing out! Learn all about sports arbitrage betting here and find out what you’ve been missing!

Larry Bird is widely regarded as one of the three greatest NBA players to ever lace up their sneakers on basketball's premiere stage alongside Michael Jordan and Magic Johnson. He led the Celtics to three NBA championships in the eighties before retiring from the NBA in 1992. In 1996, he was voted to the NBA's 50th Anniversary All-Time Team. He was inducted into the Naismith Memorial Basketball Hall of Fame in 1998.

Bird was born in West Baden Springs, Indiana and his family experienced much financial difficulty during his early years. The Bird family was also embroiled in personal turmoil, which came to a head when his father, Joe Bird Keylor Navas Real Madrid Camiseta , committed suicide in 1975. Bird admits that being poor motivated a great deal. His humble beginnings also earned him the "The Hick From French Lick."

The most famous of Bird's nicknames was "Larry Legend," which he earned for his exploits on the court and for having a sixth sense about the game. He possessed an uncanny ability to anticipate and react to the action on the floor. He could see the plays before they actually happened. For this reason, his first NBA coach Bill Fitch nicknamed him "Kodak" because he form mental snapshots of every play. This ability allowed him to make passing into an art form. He could often spot open teammates even before they knew they were open. This gift also allowed him to snag critical rebounds and make key steals even though he was not extraordinarily big or quick.

Bird finished his high school career as the all-time scoring leader of Springs Valley High school. He accepted a scholarship of Indiana University in 1976, but left after a month. He later enrolled at Indiana State University and led the Sycamores to a 33-1 record and to the national championship game in 1979 where his team lost to the Michigan State University, led by Earvin "Magic" Johnson, who would become Bird's chief rival in the NBA for over a decade. Off the court, the two were close friends and together, they rejuvenated first the college game and later the NBA.

Though Bird's team lost to Johnson in the college championship Asier Illarramendi Real Madrid Camiseta , Bird would edge out his nemesis in terms of individual honors as he was regarded as the best college basketball player at the time, winning both the Naismith and Wooden Awards.

Once Bird and Johnson entered the NBA with the Boston Celtics and Los Angeles Lakers, respectively, they became the leagu.