You have reached the end of the Sports Arbitrage Guide introduction section. If you have read from the beginning then by this point you should know what arbitrage is, how it applies to sports betting, how it is calculated, what risks are involved, how those risks are overcome, and what to expect from arbitrage trading. By this point everyone who knows that sports arbitrage isn’t for them have probably already stopped reading, so if you are reading this section I assume you have decided that you are interested, or you need more information. This page will provide you with the final considerations of someone thinking of getting started in arbitrage, while the next 3 sections will provide ample information for those who want to get started.
Should I Start Sports Arbitrage Trading?
Ultimately, I suspect, this is the question that everyone who comes to this site wants answered for them. It is certainly not a question which should be overlooked, because deciding to trade isn’t a matter of signing up to something and then forgetting about it. There is work involved, there is learning involved, and a degree of commitment is required for long term profits. That being said, it is one of the advantages of arbitrage that you can pull the plug at any time without incurring any losses. There is no ‘deposit term’ on arbitrage and all of your money is permanently under your own control. No one starts arbing with the intention to quit though, so lets look at what needs to be done to be successful.
In order to be successful in sports betting arbitrage, you must:
- Be prepared to keep your trading very organised.
- Be prepared to dedicate time learning the basics.
- Ensure you are willing to react whenever an arb is found.
- Accept that there is a learning period.
Getting organised really isn’t too hard, but if you don’t get a system sorted out from the outset, then you may end up confusing yourself and making mistakes. You will be opening accounts with anything up to 50 or more different bookmakers, you better have a method of keeping track of all of the passwords and usernames you use plus all of the different account balances. Monitoring your bets and profits is a great idea too so you can watch your progress.
In the first few months you will have to tough out the learning curve. You will have to become accustomed to each bookmaker, to each method of navigation and the different ways of displaying the bets. You will need to optimise your ability to react to the arb alerts with a level head allowing you to quickly note the key details you need to remember as you navigate the bookmaker site. So expect to learn a few things.
If you choose to subscribe to an alert program, you need to be sure that when an arb alert comes through, you are ready to react. And as the first couple of months progress, realise that these learning months are going to be the worst months you will ever have. As your experience grows, your results will only improve.
What to do Next
That very simple list gives you an idea of what the commitment is, but luckily you still don’t have to jump into this blindly. It is possible to “Get Started” without committing yourself to anything and trialing the whole thing for a while. The next section in SAG is the “Components” section. In this section you can read about all of the different components which may be used in arbitrage. Clearly, you need bookmakers, so there is a database full of all of the bookmakers (and important relevant information for arbers) for you to browse and register at. That’s free to do, so no commitment there.
Secondly E-wallets are covered because you will want a fast secure way of depositing and withdrawing from the bookmakers. Registering at those is free and commits you to nothing.
Thirdly you will find the complete list of arbitrage alert services. Some of these are free odds comparisons sites, so you are able to use them instantly to see arb which are available right now, without committing yourself to anything. You will however want to trial a faster, more arbitrage dedicated alert service so that you can be confident that you are getting fresh arbs. That is where the
‘Free Trials’ page comes in handy. There is a list there of every alert service free trial.
With just these 3 components: Bookmakers, an E-wallet, and an Alert Service, you are free to paper trade. Paper trading consists of doing everything as if it was real, but without committing any real money to it. With the free alert services and the free trials you should be able to do this completely free for a couple of weeks, or indefinitely long if you don’t mind staying with the odds comparison sites.
So, from here, that is my recommendation to you. Register at the bookmakers. Register with an E-wallet. Take out a free trial. And take arbitrage for a test run. No commitment. No money up front. Nothing to lose… Potential income to be gained.