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Arbitrage betting is a strategy that allows you to make risk-free profits by taking advantage of discrepancies in odds set by different sports books. This is possible because every sports book sets its own odds, and occasionally these odds can be out of sync with each other. The key to successful arbitrage betting is to find these discrepancies and bet on equal and opposite outcomes at different sports books to guarantee a profit.

A simple example of arbitrage betting is betting on the outcome of a basketball game, such as Josh Giddy's number of made 3-pointers. In this example, one sports book sets the odds for Josh Giddy to make 2 or more 3-pointers at 150 odds, while another sports book sets the odds at 210 odds. By betting on the over on one book and the under on the other book, you can make a risk-free profit regardless of the outcome of the game.

Arbitrage betting is not a guaranteed method of making money, but it can be a lucrative strategy for those who put in the time to search for these discrepancies. According to the article, people who are making serious profits from arbitrage betting are putting in a couple hours a day searching for arbitrage plays. The availability of arbitrage plays can also depend on the sports calendar, with more opportunities available during peak sports seasons.

To get started with arbitrage betting, you'll need to sign up for multiple sports books, which can offer lucrative sign-up bonuses and promotions. The article recommends using OddsJam, a betting tool that helps you find arbitrage plays by reading in data from multiple sports books and identifying discrepancies in odds.