{"id":231,"date":"2020-09-08T16:00:25","date_gmt":"2020-09-08T15:00:25","guid":{"rendered":"https:\/\/www.oddsmonkey.com\/matched-betting\/?page_id=231"},"modified":"2020-09-08T16:03:36","modified_gmt":"2020-09-08T15:03:36","slug":"arbing-matched-betting","status":"publish","type":"page","link":"https:\/\/www.oddsmonkey.com\/matched-betting\/arbing-matched-betting\/","title":{"rendered":"What is \u2018arbing\u2019 in matched betting?"},"content":{"rendered":"\t\t
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What is \u2018arbing\u2019 in matched betting?<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Arbitrage betting isn\u2019t for everyone, especially in the world of matched betting. Arbing is where the back odds from the online bookmaker are significantly higher than the lay odds at the betting exchange. This guides tells you everything you need to know about this advanced betting technique.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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We\u2019re going to clear some of the mystery around matched betting arbing, and tell you how you can use it profitably.<\/p>

What is<\/strong>\u00a0arbing?<\/h2>

Arbing is short for arbitrage. Arbitrage bets are also known as miraclebets, surebets or sports arbitraging. It\u2019s an event on which the back odds are significantly higher than the odds available at the exchange.<\/p>

Arbing isn\u2019t a term solely used for betting and you can find arbitrage opportunities in many areas of life. But it\u2019s the process of taking advantage of incorrect pricing to guarantee a profit by trading elsewhere.<\/p>

You can create an arbitrage during a retail store sale. Let\u2019s say there\u2019s a shiny new TV for sale at \u00a3300, but you look on eBay, and it\u2019s selling for \u00a3500.<\/p>

If you buy that TV from the retail store and then sell it on eBay, you\u2019ve created an arb and made a \u00a3200 profit.<\/p>

So how does that apply to betting?<\/p>

As you\u2019re probably aware, there are hundreds of bookmakers and tens of thousands of markets. Ensuring that these prices are correct is a monumental task for sports betting operators. There are different types of arbing, including bookie-to-bookie arbing and back\/lay arbing. Matched betting and arbitrage betting are similar. In fact, because of its similarity with matched betting, we\u2019re going to look most closely at back\/lay arbing.<\/p>

As you know, matched betting means taking advantage of promotions offered by bookmakers. In order to extract the maximum possible value from this offer, bettors attempt to incur the lowest possible loss on their qualifying bet.<\/p>

Arbs look tempting because instead of incurring a small qualifying loss, they will actually make the bettor money.<\/p>

Let\u2019s say there\u2019s some breaking news before a big match: Tottenham are playing in the FA Cup final and their star man, Harry Kane, eats some dodgy lasagne. News breaks that is he going to miss the match. Tottenham\u2019s chances of winning the match decrease significantly, so the odds on their opposition winning shorten.<\/p>

Except\u2026William Hill\u2019s traders were out at lunch when the news broke. So, while every betting company has changed the price of the opposition (Manchester United) from 3.0 to 2.2, William Hill are still offering 3.0.<\/p>

By placing a bet at William Hill at 3.0, you can then lay that bet on a betting exchange for a guaranteed profit.<\/p>

How does<\/strong>\u00a0an arb work?<\/h2>

Following on with the same situation as above, we\u2019ll show you an example of when an arb opportunity may present itself. We\u2019ll also show you how to take advantage.<\/p>

Again, the William Hill trader\u2019s (we\u2019ve got nothing against William Hill traders, promise) were out to lunch when news breaks that Sadio Mane is unavailable for Liverpool. Sadio Mane is their star player and Liverpool win less frequently without him. So naturally, the odds of the match change.<\/p>

But William Hill are still offering the original odds that they set under the assumption that Mane would play.<\/p>

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Meanwhile, the price has changed on the Betfair betting exchange. The Liverpool price has increased, while the Manchester United price has got shorter.<\/p>

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This creates an arbing opportunity. You can back Manchester United at 3.8 on William Hill and lay them at 2.88 on Betfair. You just need to calculate the correct amounts to ensure you end up in profit.<\/p>

The first bet is to back Manchester United for \u00a3100 at William Hill to give a profit of \u00a3280 if United win.<\/p>

Then, you would lay Manchester United on Betfair for \u00a3134.28 to give a loss of \u00a3252.45 if United win.<\/p>

Additionally, if United lose, you\u2019d make \u00a3127.57 on Betfair, but lose the \u00a3100 stake on William Hill.<\/p>

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o either way:<\/p>