Remember, maths cannot lie! Therefore the only dangers that exist are:
(1) you make a mistake in your calculations
(2) the odds change in between the placing of your bets, removing or reducing the arb opportunity (and of course on occasion perhaps increasing the arb!)
Luckily, things can be done with both of these. Lets look at option (2) first: odds changing.
This is a reality. Odds change often. Some bookmakers update their odds perhaps surprisingly quickly, even for events that are some time in the future: for instance the next champions of a major football cup. What you don't want to happen is to place half the arb at the start of the day, and the rest at the end. An arb is never an arb until you have completely the bets online as you calculated the arb mathematically. Therefore the rule is here, ACT QUICK.
Many arbs come and go out of being quickly, in the space of minutes sometimes. Therefore when you identify one, and are sure of your maths, don't hang around. Get on in there!
The best practice is to log into the accounts at the relevant bookmakers at the same time, and bring up the relevant page at the same time, and check the odds are still there. That way you will bet at practically the same time on both places, and will have the confirmation screens for both or all three of the bets, and hence will know exactly what you are committing yourself to, and will have no nasty surprises with big swings in the odds (or even subtle ones if the arb is only 1-2%)
Now let's look at (1), the calculations.
It can take a long time to go through looking for arbs. When you are trying the tenth calculation with no joy, you may make mistakes. This is where we have some GREAT NEWS for you. There are web sites out there that can help, in fact, web sites that have already done all the work for you. Out there on the internet, hard as this may be to believe, there are in fact sites that have a box on them showing you arbs that exist.
Then, it really is as simple as going to the site, and if those odds still apply, to do the arb! Easy! Instant profit. How does that sound? Unbelievable?
Well, go to http://www.betbrain.com/ and you will be pleasantly surprised. You will find that there are sure bets displayed for you to exploit. It means less work for you - just place the bet and watch the money roll in! Add this to the arbs you find yourself, or with the help of betting comparison sites, and you will soon be making a nice little income!
You thought it was too good to be true but now you know that, if you know where to look, you can make good money guaranteed!
So, you know now: what an arb is, how to calculate it, where to look for it, and how to place it as best is possible...
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