High Quality Content by WIKIPEDIA articles! Betting arbitrage, miraclebets, surebets, sports arbitraging is a particular case of arbitrage arising on betting markets due to either bookmakers' different opinions on event outcomes or plain errors. By placing one bet per each outcome with different betting companies, the bettor can make a profit, regardless of the outcome under ideal circumstances. In the bettors' slang an arbitrage is often referred to as an arb; people who use arbitrage are called arbers. A typical arb is around 2 percent, often less; however 4-5 percent are occasionally seen and during some special events they might reach 20 percent. Arbitrage betting involves relatively large sums of money (stakes are bigger than in normal betting), due to large sums of money required to generate a decent profit. It is usually detected faster by bookmakers. Arbitrage betting is almost always insufficiently profitable due to detection, hackers, unreliable betting websites, limiting of...

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