First, what is “arbing”? Arbitrage betting, or “arbing”, is the practice of backing and laying bets on the same result of a sporting event on two (or sometimes more) different sportsbooks, while taking advantage of the numerical disparities in the odds that are offered between the two books. An "arb" is the difference, or margin, between the two lines.
Essentially, arbing is making wagers on the opposite sides of a bet, while taking advantage of the different lines set by the sportsbooks. For it to be a true arb, one side must have better odds than the other. Only one side can win (except when it comes to “middle” opportunities; see our section on our Middling Bets scanner), but when done correctly, arbitrage betting, ensures a profit regardless of which wager wins.
Even having a basic understanding of sports is not a requirement for success in arbitrage betting – finding the right opportunities is the key. That is where our Arbitrage Odds scanner tool comes in. We analyze tens of thousands of lines across all major books to find profitable arbitrage opportunities.
Simply head to the Arbitrage Odds scanner tool page. There you’ll see the arbitrage opportunities scanned and presented to you by arb percent, which is the amount you can expect to profit from correctly placing that wager. Find the opportunity you want to bet on and click on the calculator. This will bring up the Arb/Kelly calculator. Use the Arbitrage Calculator to find out how much you will profit. The lines will automatically be entered when you bring up the calculator. All you need to do is enter the amount you want to bet on Line 1. You’ll then see the amount you’ll win on that bet, and the amount you will need to place on Line 2 and the win amount for Bet 2 (which will be the same as the win amount for Bet 1) will populate. Reading through the scenarios below the Total Bet Amount and Profit Amount will show you how the math works based on the potential outcomes.
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The St. Louis Cardinals are playing the Cincinnati Reds and you see from the Arbitrage Odds page that the Cardinals are -130 on BetRivers, while the Reds are +145 on DraftKings. In this case, you want to place a $500 wager on the Cardinals to win. Using the Arbitrage Calculator, you see that you should place $361.02 on the Reds to win. It doesn’t matter which team wins, because either side will return an amount that is more than the other wager you place. In this case, both wagers will pay out $888.50, locking in a profit for you of $23.48!
Finding arbs by yourself can be tedious and challenging. The Arbitrage Odds scanner tool makes it easy to find arbitrage opportunities to help you grow your bankroll, risk-free. Check it out here If you have any questions about arb betting or using the Arbitrage Odds scanner tool, contact us and the team at SB Intel will be happy to walk you through everything.