Arbitrage bet in sports betting is an activity where you simultaneously place bets on all possible outcomes of an event at odds that guarantee profit, whatever the result of the event will be. These bets are also known as surebets, miraclebets, surewins or just arbs.
Arbing - or, to give it its full name, arbitrage betting – is a betting system that allows a customer to place multiple bets to guarantee a profit regardless of the outcome.
Bettors who take advantage of this are sometimes referred to as “arbers”.
An arb is also sometimes called a “surebet” or a “miraclebet”.
Imagine you are placing bets and every time getting profit? It may sound like unreal dream; however, it is possible with arbitrage betting. Arbitrage betting is when you are placing bets on all possible outcomes and don’t care about the final match result. All that you need is to find sportsbooks with desired odds. This type of bet is also called surebets, surewins or miraclebets.
Surebets is possible when you find discrepancy between odds in different sportsbooks that allow you to receive a profit by covering all possible outcomes. Usually, you can find miraclebet within binary bet, when there are only two possible outcomes. A great example could be Over/Under et in football match.
Arbitrage betting becomes possible only in case when two sportsbooks disagree with setting up the odds and rely on mixing odds from different sportsbooks making edge in favor of customer.