Sports Arbitrage Trading is a risk-free strategy of sports betting.

Sports Arbitrage Trading is a risk-free strategy of sports betting. Is it legal to do this with US bookies?

I’m aware of a company based in Ireland but none of the bookies they do business with is in the US. I am convinced that risk-free (you win every bet)sports betting is possible if one is not too greedy. The idea is to earn small daily net profits and let them compound over a period of time.

Question posted by: marathon777

Sports Arbitrage Trading

Sports arbitrage betting, also known as “arbing” or “sure betting,” involves placing bets on all possible outcomes of an event with different bookmakers, ensuring a profit regardless of the result. This strategy relies on discrepancies in the odds offered by different bookmakers.

While sports arbitrage betting itself isn’t illegal, it is often frowned upon by bookmakers. Some bookmakers may limit or close accounts of bettors who engage in this practice, as it can negatively affect their profit margins.

In the United States, sports betting legality varies by state. The 2018 Supreme Court decision struck down the Professional and Amateur Sports Protection Act (PASPA), which effectively made sports betting a state-regulated activity. Since then, many states have legalized sports betting, while others have not.

Before engaging in sports arbitrage betting, it’s essential to check the specific laws and regulations governing sports betting in your state, as well as the terms and conditions of each bookmaker you plan to use. Remember that even if sports betting is legal in your state, bookmakers may still have rules against arbitrage betting. Always bet responsibly and follow the rules and regulations set by both the state and the bookmaker.