Generally, the sports arbitrage betting world includes soft bookies, sharp bookies, and exchanges. You are probably familiar with these terms, and you usually place sports arbitrages among soft and sharp bookies. You might have experienced some exchanges as well. The general principle of exchanges is quite simple – people just bet against each other every day.
You have probably heard about exchanges such as Smarkets, Matchbook, Betfair and others. People there just create their odds and put funds on them, then just wait until somebody matches their offer and place a bet against them. Do you want to see an example? Let’s read this one: Steve from the UK bets €50 on FC Barcelona at odds of 2.00; and Viktor from Sweden bets €50 against him. Their bets are matched. You might have noticed that you can create your own odds = your own arbitrage opportunities. Just be careful, as exchanges always charge some commissions from your winnings. The RebelBetting software calculates the commission for you.
Did you know that you can place arbitrages on soccer players who might score? For instance, you can bet on Lionel Messi to score a goal (first outcome) and place the lay bet against him (second outcome). It means he does not score. Do you know lay bets? Check our Arbitrage Training and learn all about the concept of lay bets.