Artificial Intelligence has penetrated many industries today, including online casinos and sports betting. It is widely used in the industry by operators and bettors for a variety of things. As a matter of fact, statistics from World Metrics show that AI in the sports betting industry will grow at over a 9% CAGR by 2025.
Many sportsbooks use it to personalize customer experiences and detect fraud, among other things. Bettors also use Artificial Intelligence in their daily gambling activities, like finding sports betting arbitrage opportunities. It enables them to identify differing odds, calculate probabilities, and search for valuable bets in real time. Here’s how you can use AI to find sports betting arbitrage opportunities.
What is Sports Betting Arbitrage?
Sports betting arbitrage refers to making multiple bets on the same event to ensure a profit on any outcome. You earn whether it ends in a win or loss, which enables you to make money with minimal risk.
Arbitrage betting is possible when bookmakers offer varying odds on an event. So, you place your bets on a particular sporting match in different sportsbooks. This means you need several accounts with multiple platforms.
But you can also find sports betting arbitrage opportunities on the same bookmaker. However, avoid them because you risk being banned or limited from the platform. Despite being legal, most bookmakers are against arbitrage betting and keep hunting bettors engaging in it.
Undoubtedly, suspension and banning are common in many no cruks casinos, including sportsbooks. It is a form of punishment they give for breaking their rules and can have an impact on your betting and gaming activities.
How to use AI in Finding Sports Betting Arbitrage Opportunities
1. Identifying Valuable Bets
Bettors can use AI to identify bets with profitable opportunities quickly. It involves searching different platforms and looking for bets with positive expected value. They are usually more profitable than those with negative expected values.
Artificial Intelligence compares many odds from hundreds of bookmakers and alerts you when it finds profitable bets. So, when using it, you get a golden chance to identify the most valuable bets fast, which would have been difficult and time-consuming to do manually.
2. Calculating Probabilities
You can also check for potential arbitrage opportunities by converting odds into implied probabilities for every outcome. Outcomes below 100% show possibilities of an arbitrage opportunity.
However, calculating the probability manually for each is tiresome. The good news is that artificial intelligence handles all the calculations and identifies discrepancies in the odds in real time. Then, you can use them to place your arbitrage bets for guaranteed profit.
3. Identifying Differing Odds
Finding arbitrage betting opportunities also involves looking for differences in the odds of various bookmakers on the same sports matches. There’s a high chance for arbitrage if they differ greatly.
You can use artificial intelligence to make the process easier. AI algorithms analyze the odds of different bookmakers in real time and identify all available opportunities. This enables you to discover them quickly and place your bets before they change.
Remember, the odds move quickly because sportsbooks adjust them frequently, so you should act fast when arbing. You may lose the opportunity in case of any changes before making your bets. For example, if the odds on your second bet rapidly move from your favor after making your first wager, it cancels your strategy.
4. Determine What to Bet to Maximize Profit
To earn the most from arbitrage betting, you need to know the right amount to bet on both sides. It should bring total returns that are more than your investment, no matter who wins.
Fortunately, artificial intelligence handles all these calculations on your behalf. It analyzes the total investment, odds, and arbitrage percentage to determine your stake. You learn the right amount to bet on each opportunity on various platforms to maximize your profits.
Best Ways to Avoid Being Detected
Arb on Different Sportsbooks
As explained earlier, most bookmakers are against arbitrage sports betting, so you should join different platforms. You can easily be detected when you arb on the same platform, and your account may be banned or suspended.
Mix up the sportsbooks you use to avoid detection and widen arbitrage opportunities. One bookmaker’s opening lines can create more opportunities when paired with another platform’s closing lines.
Limit Deposits and Withdrawals
Frequent deposits and withdrawals on your account can attract unwanted attention from operators. They may closely monitor your moves and prevent you from placing your arbitrate bets if the platform is against them.
The best thing is to avoid making many transactions that may attract attention.
Roundup Bet Sizes
You may come up with unusual figures when calculating the right amount to bet. Round them off to sensible numbers that won’t create suspicion. For example, if you get $578.33, round it to $600.
Keep Wager Sizes Consistent
Casual bettors don’t usually place extremely large or far smaller wagers. If you do it, your arbitrage betting can be masked. It is better to keep your wager sizes consistent.
For instance, if you usually bet $40 and suddenly make an arb bet of $400. It raises suspicion and notifies the sportsbook that you may be using a prohibited strategy.
Incorporate AI into Sports Betting Arbitrage for the Best Results
AI-powered sports betting arbitrage software is the secret weapon of many winning gamblers. It analyzes vast amounts of sports data, including player performance, odds, and historical trends in real time. Then, it uses the information to predict outcomes, discover high-value bets, and identify patterns bettors use to make informed betting decisions.
