Have You Ever Considered Betting On The Olympics?
As we look ahead to next years Beijing Olympics, bookmakers are already rubbing their hands in expectation of bumper pay days along the way. But have you ever considered betting on the Olympics?
If you are sensible and do your homework the Olympics could well turn out to be one of the best betting coups of next year. As bookmakers all around the world will be offering odds for each event, the winning teams and other “side bets” there will be a great chance for some arbitration across continents. The internet is you tool, now let us get your mind in gear!
If a country has a “top” athlete in a race or in a tournament then there is every chance that local support will result in their particular odds being less than maybe they should be – we saw this with the Ricky Hatton fight where the sheer volume of UK bets moved the market. This is the same for the Olympics and any other sport which crosses nations. All you need to do is open up accounts in different areas of the world and hedge off each bet to make use of the difference in odds – sound too simple?
Historically you are liable to get more arbitrage situations the wider appeal that the event has, whether this be the World Cup, the Ryder Cup or a Swimming Championships – events which can, and often do, transcend continents. If you do decide to have looked at arbitrage situations next year you should start to test your theory and plans before then, on other events with world wide appeal.
One word of warning, unless you are very lucky you will not make a fortune on single sports betting arbitrages, but if you are focused, determined and know what you are doing it is possible to bring in a number of small wins which can soon mount up.