If you have already tried making money from sports betting your experience may have been that it isn´t as easy as it first appeared…
Bookmakers have the advantage in the long run and they work very hard to keep it that way; after all, they set the odds.
But bookmaking is essentially a market situation like any other with many hundreds of providers charging different prices for their goods (bets).
There is never a time when every bookmaker offers exactly the same price, which is why it is possible to take advantage of price differences to guarantee profits on every bet you make.
In our article ‘Is Arbitrage Worth Pursuing?’ we discussed the mindset and set-up required to be a successful arbitrageur.
In this article we showcase the best of the arbitrage software providers, RebelBetting.com.
Co-founder of RebelBetting, Simon Renström, is the brains behind the project, which has outlasted many competitors over the last 10 years.
We recently interviewed Simon to find out how RebelBetting was born, and to clarify the doubts many potential customers have about arbitrage in general.
Simon Renström, Co-founder of RebelBetting:
“I’ve been a software developer since 1996. I first heard of arbitrage betting in 2006 from my friend and RebelBetting co-founder, Mattias. He was a professional poker player, and had tested a few sports arbitrage products that were around at the time.
Even though the concept worked, the products were horrible. He eventually managed to convince me to build a better product, or at least a prototype.
I’ve always half-jokingly called gambling a ‘tax for the stupid’, but I was attracted to the idea of beating the bookies. I’m not a gambler, but I love sports.
The prototype was built during 2007, and in September of that year I quit my job at one of Sweden’s largest IT consultant firms and started RebelBetting. The first public version was released in 2009.
We now have four people working full time and we’ve recently hired one more part-time developer.”
How profitable is sports arbitrage using your software?
“If gambling is a high-risk lottery, in comparison sports arbitrage is more of a low-risk high-yield investment method.
Is Sport Arbitrage as easy as creating an account and clicking a button?
“It’s important to understand it still requires a lot of time and effort; it’s not a free lunch.
Before you’ve placed your first bet you need to learn the concepts, register with online bookmaker sites, and prepare for the task ahead with a few days of ‘paper trading’ first (getting used to creating ‘arbs’ without betting actual money).
However, if this feels like a lot of work compared to the potential profits, arbitrage trading is probably not for you.”
If sports arbitrage is one of the most effective ways to make money
from sports betting, why isn´t everyone doing it?
“The interest for the RebelBetting product is slowly increasing and has been since we started. Most customers trade for a limited time and are happy with the money they make.
Bookmaker resistance in the form of stake limitations is the most common reason why many clients do not become full-time arbitrageurs. But amongst our clientele we have several professionals who have been with us more than five years.
I would say it’s definitely a ‘niche product’. Many love the idea but it takes dedication, a healthy starting bank, and time to get started. It’s always great fun and very rewarding to hear back from a happy customer telling us about their amazing profits.”
RebelBetting: Extolling the Benefits of Arbitrage
Sports arbitrage is when the odds from two different bookmakers allow bets on both sides of an event to ensure a small profit, regardless of the outcome.
The process of manually finding these opportunities across multiple bookmaker accounts is not easy and can be very time consuming. In the vast majority of cases, such opportunities exist only momentarily, for a few minutes at most.
Now, think about possessing a software that automatically finds arbitrage situations for you in real time. Think about the ultimate arbitrage tool, which tells you how much money to apportion to each side of the bet according to how much money you want to earn from the transaction.
Their software does all of this for you. You can sign-up for free and trial Rebelbetting in a limited format, until you are ready to go ahead and subscribe to the full package.
RebelBetting finds hundreds of arbitrage opportunities every day across a whole range of different sports. Profits are typically 1% to 5% per bet, and although this may sound small, the accumulation of small daily gains can add-up to huge monthly profits.
There are not many other reliable arbitrage software providers around at the moment. Rebelbetting has stood the test of time. They stand out for the accuracy and effectiveness of their software.