Arbitrage in Sports Betting

There are lots of ways of doing arbitrage and I am going to show how it works in typical events where we look at it as only two outcomes. To have the knowledge required to understand this, you should read the articles; What are odds? and What is a bet? before you start on this one. This article goes through arbitrage betting while both backing and laying an event. It is possible to do this in different ways, but I will mainly go through how it is done using a betting exchange, as well as through Asian handicap. Check out this article to be able to understand how to do it with three outcomes.

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