Why Use Arbitrage Betting Software
Arbitrage betting is a strategy in which you bet both sides of a game to ensure you win regardless of the outcome. Having favorable odds is integral to the strategy, as it only works if there is a big enough discrepancy in the prices at two sportsbooks to create an opening.
Any arbitrage bettor can tell you, the process is long and requires constant vigilance if done manually. But fortunately, there are betting tools and software that scan the odds for you and draft up hand-picked arbitrage wagers in a matter of seconds.
Best Arbitrage Betting Tools
Our experts have trialed and vetted countless betting software sites, and we are always on the lookout for new platforms. While they all scan the same odds and bets, there are minute details that make the experience a lot more efficient and realistic for sports bettors.
The main aspects you should weigh into your decisions are the following:
- Bet tracking and streamlined bankroll management
- Sportsbooks the software analyzes
- Depth of betting markets
- Extent to which the arbitrage strategy is optimized
- How quickly odds are scanned and updated
- Push notifications and bet slip integration included
- Coaching (for how to avoid sportsbook suspensions)
Another thing to consider is that arbitrage betting software generally is not cheap. We have put together a shortlist with the very best tools out there, with options for bettors of all budgets.
#1. OddsJam
OddsJam is a US platform that has a plethora of software, most notable of which is its sure bets. We appreciate that OddsJam asks new users which state they are betting out of, and then filters the options based on what is available to them. The software crunches odds from 40 US sportsbooks, social betting platforms, DFS apps and even prediction markets. OddsJam also sources odds from international books that are not recognized in the US, which you should be wary of.
The arbitrage betting software covers all the major leagues and most popular US sports, as well as 25+ sports categories outside these. Plus, you are getting deep market coverage, from niche player props to entire alternative line sets for spreads and totals. The odds update in real time, there is a comprehensive bet tracker tool, OddsJam has community channels for arbers, and it has 1:1 professional coaching. On top of that, you also get excellent value bets, middles wagers, low hold, DFS optimizers, parlay builders and a plethora of calculators. Our only complaint with OddsJam is that it is too pricey for low to mid budget bettors, so you need to have a pretty large bankroll to start with.
OddsJam Pros:
- Versatile software with EV, sure bets, promo conversion, and more
- Bet tracker and support to help you with your arbing strategy
- Covers all major books, prediction markets, P2P betting and social sportsbooks
OddsJam Cons:
- It is expensive – there is no subscription for arbing only (you need to get EV and other functions)
- You should be aware some of the sportsbooks are not licensed or recognized in the US
#2. SureBet
SureBet will not win any design awards, the interface looks dated and is a bit overwhelming to use at first. But don’t be fooled by the outward appearance. SureBet has comprehensive data aggregators that crunch the odds at 300 sportsbooks from around the world, and has an excess of high ROI arbitrage bets. The software is also a lot cheaper than the competition, which is one of its biggest perks. The software covers sure bets (arbitrage wagers), value bets, and also middles bets.
New users have to work their way around the filters first, as Surebet will draw up an endless list of arbitrage wagers. Most of which you won’t use. You can narrow down the options by the sport, betting markets, sportsbook, odds, ROI, and other crucial data. It doesn’t take long to get used to, and from there, you will find loads of excellent arbing opportunities all the time. The odds are updated continuously, and you have bet calculators to work out how much to stake on either side of the betting market.
We think this software is better suited for people who have experience with arbitrage wagers, or who want the data without the guides, automation, bet tracking and helpful extras. It is not aesthetic, but Surebet gets the job done, and you pay far less for this software than OddsJam or other top shelf quality arbitrage betting software.
Surebet Pros:
- A lot cheaper than the competition
- Huge depth of sports coverage and betting markets
- High ROI arbitrage betting opportunities
Surebet Cons:
- Minimal bet tracking and support
- Many of the sportsbooks are not for US customers
- Design is poor, and mastering filters is a must
#3. Outlier.bet
Outlier.bet is a popular betting software that has established a good reputation among US bettors. The software is primarily dedicated to tracking odds, analyzing statistical trends, and giving bettors valuable insights into their sports bets. The Pro package, which is the most expensive Outlier.bet subscription features an arbitrage feed where all those data points are used to create high value arbitrage betting possibilities. Open the feed, and you will find arbitrage betting opportunities listed, with the best odds, win % and staking calculations.
To be fair, the arbitrage betting features at Outlier.bet are not as extensive as those at, say OddsJam. But you can filter the arbitrage bets by ROI %, and add markets to test the results for alternatives or other arbitrage wagers. The odds are refreshed in real time, and you can set up custom alerts to get the odds when they reach the best prices. Outlier.bet also has excellent injury reports, statistical analytics, boost indexes, middles bets and loads of EV bet metrics, further expanding your strategy outside arbitrage bets.
Outlier.bet Pros:
- Arbitrage feed for all the latest arbing opportunities
- High value EV, boosts, middles, and statistical analysis
- Easy 2-click bet integration and realtime odds
Outlier.bet Cons:
- No personal bet tracker
- Must pay full subscription to get arbitrage wagers
- Arbitrage features are not as extensive (filtering, coverage)
How Arbitrage Betting Software Works
These betting software and solutions must have odds comparison tables and scan a good volume of sportsbooks to find discrepancies in the odds. You don’t need to do the hard work manually, as the software automatically populates lists of arbitrage betting opportunities, with the odds on either line and the sportsbooks where you can get the optimal ROI.
You will need filters, especially at sites with dated interfaces like SureBet, to narrow down the findings and get exactly what you are after. The more advanced betting software will also have bet trackers and arbing calculators. With these, you simply calculate how much you need to stake on your back and laying bets.
Other top features include push alerts and automatic bet integration. With the alerts, you can stay in the loop of all the odds movements, and catch new arbitrage betting opportunities when the odds shift favorably. Automatic bet integration sends you to the sportsbook, with the bet already propped up for you to confirm. It saves valuable time, and with the push notifications, you can snap up hot arbing opportunities in seconds.
Top Criteria to Look Out For
Arbitrage betting requires you to sign up to multiple sportsbooks, and distribute your bankroll across these different betting accounts. The theory is simple, but in practise it requires a lot of careful decision-making and preplanning.
The best betting software should help you with those steps through bet trackers. Beyond that, you should also look at sportsbooks, bet coverage, and other features that the arbitrage betting tools comprise.
Bankroll Managing and Bet Trackers
Instead of having to do the bet tracking on separate Excel sheets or betting diaries, you can log all your wagers into your betting software – if it provides this tool. It is useful for general betting, but becomes a necessity when arbitrage betting.
The best arbitrage betting tools also give you bankroll management tips and strategies, so you can make the most of your distributed bankroll. Arbitrage betting is an expensive venture for any sports bettor, and can be even more so if you have to keep depositing to spread out your funds to all your betting accounts. With the software, you can optimize what you have, avoid spending too much, and don’t spread out your bankroll too thin.
Look at the Sportsbooks Covered
Having more sportsbooks is good because it gives you a more detailed analysis of the vig, fair odds, and probabilities of the bets winning. For arbitrage betting, it also expands your horizons and brings you even more arbitrage betting opportunities.
But remember that you need to be signed up at the sportsbooks to capitalize on the arbitrage bets. So make sure you look for software that covers the sportsbooks you are signed up to, and that they have ample opportunities with that set. Don’t overspend, and stick to the sportsbooks you are comfortable with.
Sports Coverage and Market Depth
Any arbitrage bettor can tell you, the real value is in the niche and obscure sports events. The major leagues and bigger sports events tend to have tighter markets, and the possibilities may be scarce.
If the betting software covers obscure sports, or lesser followed games, chances are you will find more arbitrage bets. Plus, look at the betting markets covered, as there may be more value in alternate lines and props wagers vs the standard moneylines, totals and spreads.
Odds Quality and Scan Speeds
The quality of the odds really depends on how fresh they are. A little latency is tolerable, but ideally, you want betting software that can scan and refresh its odds in a matter of seconds. Minutes are already too long, especially when the games are close to starting.
The best betting software sites use realtime odds scanning, which may mean you get the odds updated with minimal latency. Be wary of the older sites that have slower scans or manual refreshes.
Push Notification and Bet Slip Integration
Having fresh odds becomes even better if you have notifications and bet slip integration to take advantage straight away. Ideally, you can set up notifications for bets you want to use in your arbitrage strategy, and then you will get push alerts via Discord or the mobile app when the odds are right.
With bet slip integration, you won’t need to head to your sportsbook, find the event, and look for the bet. So long as you are signed into your sportsbook on your device, you can click the bet and automatically populate it in the sportsbook. Then, all you have to do is confirm the bet and lock in the arbitrage wager at the given odds.
Additional Coaching and Support
Beginners should have coaching or some kind of support to start off with, but having professional help is not necessarily something that only works for beginners.
The best arbitrage betting tools we have reviewed have forums or communities (on Discord, Meta, or any other closed group media channels), where you can learn more about arbitrage bets and even get a few handpicked expert tips from your peers.
It doesn’t stop there, as these groups and professional coaching can also help you work out the tougher aspects of arbitrage betting. Such as distributing your bankroll effectively, and learning how to avoid detection from sportsbooks – or what to do if your account gets limited or suspended.
These are not easy to bypass or work out, even for people who have been arbitrage betting for years. And there are definitely sportsbooks that are more sensitive and can shut down your account if they even get a slight inkling that you are beating the system.
With the care and support of a dedicated arbing community, you can learn crucial insights to balancing your arbitrage bets and plan for the long haul.
