There are so many questions people ask about arb betting. One of the most common is whether arbitrage is a legal activity? The answer is yes: arbitrage is completely legal, and it is widely practiced all around the world. The only difference between arbitrage and sports betting arbitrage is that the second involves betting. So if betting is legal in the country you live (and in most countries it is legal) then sports betting arbitrage is also legal. Usually arb betting is also a tax free activity.

There are lots of people who are doing arbitrage betting: either in their free time to make some extra money, or in a professional manner, investing lots of time and money and doing this as their full time job. This is not some sort of an underground activity: it is well known, well practiced and public. There are many forums where one can meet people who are involved in this.

Many beginners ask how much money they can make with arbitrage betting. This is not an easy question: there is a lot of talk about the profits of arbitrage trading investment pools. These are scams because bookmakers always limit the maximum stake to 10K or less, it is too risky to have a bankroll more then 150K-200K. However, a beginner arber makes somewhere around 2% a week. The possible returns depend on many factors: the most important is the experience and the understanding of the system. But the money one can invest also makes a difference. We think 10% per month is not a dream: it can be a reality for everyone. There is a point when an arber simply can’t place any more trades, use more bookmakers and place any larger bets. However, this theoretical limitation is obviously not a problem a beginner arber should worry about.

When will a beginner be able to live from arbitrage betting? The answer to this question primarily depends on how much capital you have. If an arber makes 2% profit a week, then with $1000 he will earn $20 a week. If this is not enough, the solution is to invest more capital, figure out how to increase the profits, or to accept that sports arbitrage is more like a hobby initially. There are very few people who expect to live off their earnings from the beginning. It is a good idea to spend a few months reinvesting the profits until you learn the basic skills.

A minimum bankroll to get started is around $500, but in order to use that money you have to use only free services and find your own arbs, so the growth of that $500 capital will be very slow. A minimum of $3000 can generate a decent profit, and this way the growth rate will be more comfortable. Don’t spend your money on alert services: these worked 5 years ago. These days the arber often has only 10 minutes to react, therefore alerts are too slow. Arbicharge provides information about current surebets in a minute.

There are many e-books, DVD’s and other materials available: these are supposed to teach the beginners all they need to know about zero risk betting. There are people who use these materials, others rely on free stuff available on the internet. It seems both groups are happy with what they got, so it is up to you to decide whether you want to buy an e-book, or you want to learn arbitrage betting browsing around the net.