Arbitrage betting, or “arbing” as it is often referred to, is a type of betting strategy where a bettor prices a gap between the possible outcomes of an event at different sportsbooks in order to assure a profit. This happens when different sportsbooks start offering different odds on the same event. It creates a pricing gap that bettors can take advantage of. The concept seems simple; however, the reality is more complex than it initially appears. How Arbitrage Betting Works Arbitrage betting is based on the odds of various sportsbooks. The result of the collision is that when the odds taken together yield a situation in which everything is an outsider and still comes back with more than the sum of the odds, then an arbitrage play can be made. For example, if one sportsbook is going to reserve