Casino betting is a combination of science and art. With experience, the players develop betting strategies that help others to win. Most of casino games involve strategically predicting the outcome of the game. Many casino games involve the players making moves with respect to cards. Others demand the players procure a specific combination of cards to win the bet. All of this comes from experience. Apart from experience, a casino game can be mastered by playing the dummy version on the best online betting websites.
With evolution, experienced players have listed various strategies that all casino game players can use. There is no theory that supports or validates the strategy. These are purely based on the experience of the bettors who are frequent casino gaming. But, a little knowledge has never hurt anyone, has it?
Let us talk about arbitrage betting.
To get to the depth of this strategy of casino gaming, we need to first understand what “ Arbitrage” means.
To simplify the term, Arbitrage is a practice that ensures that there will be no loss and definitely a profit in any case, even after cutting all the transaction costs.
To give you an example, Arbitrage is a transaction where you can buy something for a lesser price and sell it immediately for a higher price and earn even if you are charged to make the transaction.
But how does this work with casino gaming and betting?
Arbitrage is a scenario that is quickly identified by bookmakers. Typically, arbitrage is comparing the price of a bet on various portals and then placing a bet where it charges you less. This involves investing a large amount of money. In most cases 98% of arbitrage returns less than 1.2%. Many bookmakers are not in the favor of it.
Arbitrage exists since the existence of betting. However, it has gained popularity with online betting going virtual. Online betting websites has made it easy for the arbitrage betting to exist. The betting exchange, and comparison of odds has become easy because of virtual existence of betting.
Theory of arbitrage betting-
Arbitrage betting is considered to be risk-free most of the times. Given below are some formulae that help us in calculating the arbitrage.