OddsView Arbitrage Tool: A Step-by-Step Guide
By Oddsview
Published: 8/2/2024
How to Use the OddsView Arbitrage Tool: A Step-by-Step Guide
Introduction
Welcome to OddsView! Our Arbitrage Tool finds unique betting opportunities where you can guarantee a profit.
We'll walk you through how to use our arb tool to find bets, calculate optimal bets sizes and place bets seamlessly.
What is Arbitrage Betting?
Arbitrage betting guarantees profit, regardless of the result, by placing bets on all possible outcomes of an event with multiple sportsbooks. These opportunities arise when sportsbooks have differing odds available for bets.
Example: $60 in guaranteed profit
- Team A to win at +300 odds [Bet: $100]
- Team B to win at -150 odds [Bet: $240]
If you placed these two bets, you would guarantee $60 in under 60 seconds of work.
Step-by-Step Guide to Using the OddsView Arbitrage Tool
1. Select Your Sportsbooks and Region
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Use the sportsbook and region drop-down menus in the top navigation bar to select your sportsbooks.
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Changing your region will automatically select all sportsbooks available in that region.
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You can further customize by adding or removing individual sportsbooks using the sportsbook drop-down menu.
2. Open the Arbitrage Tool
- Navigate to the Arbitrage Tool section in the OddsView app or website.
3. View Arbitrage Opportunities
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The Arbitrage Tool will display a list of arbitrage opportunities across all your selected sportsbooks.
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Each opportunity will show:
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The sport and event.
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The type of bet (e.g., moneyline, spread, total).
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The odds from each sportsbook.
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The percentage profit you can guarantee.
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4. Calculate Your Bet Amounts
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The Arbitrage Tool will automatically calculate the optimal bet amounts for each outcome to ensure a guaranteed profit.
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Adjust your maximum bet size to fit your bankroll. We will calculate the necessary bet sizes automatically for you.
5. Place Your Bets
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Click on the deep links provided by the Arbitrage Tool.
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These links will take you directly to the bets on your sportsbooks’ websites or apps.
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Confirm and place your bets with the calculated amounts for each outcome.
Tips for Using the Arbitrage Tool
1. Act Quickly
- Arbitrage opportunities can disappear quickly as odds change, so act fast when you find a good opportunity.
2. Review Your Bets
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Sometimes odds can change while you are placing your bets. Watch out for this as it will require you to change your bet sizing.
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After placing your bets, review them in your sportsbooks to ensure everything was placed correctly and to track your profits.
Summary
Arbitrage opportunities are time consuming and difficult to find without a dedicated tool. But Oddsview's arbitrage tool allows you to effortlessly find these opportunities and secure guaranteed profits. With Oddsview, you can turn sportsbetting into a reliable and lucrative income stream with risk-free profits 🤑.