The Best Alternative to Stocks and Crypto in 2024

I'm about to tell you the best way to make money in 2024 without investing in stocks and crypto. The best part is, it's almost entirely risk-free. The alternative I'm talking about is Arbitrage Sports Betting.

What Is Arbitrage Betting?

Arbitrage betting, also known as 'arbing' or sure bets, is a method of sports betting people are using to eliminate risk and cash in on big profits. It involves betting on both outcomes of an event so that you make money regardless of who wins!

How Does Arbitrage Betting Work?

Before you go thinking I'm making this all up, let me explain the math. You may have seen numbers like +150, -200, +1000, etc. on sportsbooks and been confused about what they mean. All that these numbers represent is the probability that an event will happen. For example, odds of +150 simply mean the team has a 40% chance of winning. When the probabilities of opposite outcomes equal less than 100%, you have an arbitrage opportunity. See the math in action with this free odds converter.

When do Arbitrage Opportunities Arise?

Bookmakers are constantly competing with each other trying to offer the best odds on any given event. Because of this, differences in odds across bookmakers are a regular occurrence. We can take advantage of these differences by placing an arbitrage bet and locking in a guaranteed profit.

Not only that, bookmakers often offer promotional profit or odds boosts that let you increase you're winnings, you can use these profit boosts to create arbitrage opportunities out of thin air. Software like Bet Sleuth (link removed for policy reasons) automatically scans sportsbooks for these profit boosts and finds arbitrage opportunities for you.

Are There Risks to Arbitrage Betting?

Because of the fast-moving nature of odds, there is some risk to arbitrage betting. Odds are updated based on a variety of factors like team news, injuries, team performance, weather, and anything else that can affect a sports game. If the odds update while you're placing one part of an arbitrage bet, you could potentially lose money. To avoid this, try betting on events before they start. If you want to dive into the world of live arbitrage betting, bet on sports where the score doesn't change as often like hockey, football, and baseball, and use arbitrage betting software like Bet Sleuth (link removed for policy reasons) to make finding and placing bets easier.

How to Get Started With Arbitrage Betting?

To start arbitrage betting, you will need to make at least 2 online sportsbook accounts. This is because sportsbooks don't like arbitrage bettors and make sure it is not possible on one sportsbook alone. The only way to arbitrage bet is to place two simultaneous bets on two different sportsbooks.

Next, you'll need to start comparing odds! You can compare money lines, spreads, totals, and any other type of bet that has 2 outcomes. You can do this manually with the free arbitrage bet calculator or by using arbitrage betting software like Bet Sleuth to find arbitrage bets for you so all you have to do is place the bets.