What is Arbitrage Betting?
Is Profit Guaranteed With an Arbitrage Bet?
If the math is done right, then yes. You can make use of an arbitrage betting calculator or arbitrage betting software to get a better idea of the potential profit. If it is not done right, instead of being able to make a profit, you may end up instead with bet losses. Most of the time, large amounts of money are used in arb betting. The losses can be potentially big too.
Are Winnings from Arbitrage Betting Tax-Free?
Yes. If you are a resident of the UK and gambling in the UK, any winnings from gambling, including arbitrage betting, are going to be tax-free. All earnings from gambling are tax-free in the UK. However, that also means that any bet losses you may incur cannot be deducted from your income tax either.
Is Arbitrage Betting Legal?
It is legal. But it comes with risks. If you do not calculate the odds well enough, you can end up losing a lot of money. The main reason for this is because usually, Arb betting requires punters to put in large amounts of money. If you do not calculate things correctly, you could end up losing instead of having guaranteed profit. In general, betting and gambling are legal in the United Kingdom and it is regulated by the UK Gambling Commission. For your safety, make sure that you only bet on betting sites that are registered with the UGC.
Do Betting Sites Mind Arbitrage Betting?
Some do. Some don't. Some bookmakers allow this while others will come down on it hard. Betting exchanges technically do not have an issue with arb betting because whatever the outcome, they still get their fee. Bookmakers like William Hill have stated in the past that they don't mind practices like matched betting and they encourage their customers to make use of their free bets. Arb betting is very similar to match betting, the only difference is that punters use their own money with arbing. Go ahead and arb bet, just keep in mind that online bookmakers can block your account at any time they feel you've violated the rules.