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There are dozens of websites advertising ‘top-secret betting loopholes’ that are promised to make anyone an instant millionaire. Of course, everyone would like to easily earn gazillions from bookmakers, but the common sense tells us that there must be something wrong with such claims.

After all, if there actually was an enormously profitable gambling loophole, why would someone try to cheaply sell it to you? They would instead take advantage of the loophole themselves, hoping that no one else will discover it. Therefore anyone who claims to have a secret loophole that will make you large sums instantly is actually just trying to deceive you.

That, however, does not mean that there are no profitable betting methods at all. There are some low-risk ways to make money from bookmakers that could be considered ‘loopholes’; however, they are far from being secret. These two low-risk betting systems are arbitrage betting and matched betting.

Arbitrage betting involves placing different bets with different bookmakers or with bookmakers and betting exchanges in a way that generates a guaranteed profit. This is possible because of the differences in the odds at various bookmakers. Probably the most common type of arbitrage is between bookmaker and a betting exchange. If the back odds (odds FOR the selection to win) offered by a bookmaker are larger than the lay odds (odds AGAINST the selection to win) at the exchange, it is possible to make some money by carefully placing both back and lay bets on the same selection.

Unfortunately arbitrage betting is not only profitable, but also complicated. Good Arbitrage opportunities are very hard to find and they often last for a very short time (sometimes only a few seconds). Furthermore, the returns from arbitrage betting are relatively low. Even the best arbitrage bets will only earn you a tiny percentage, say two or three percent of your stake; therefore a large bank is needed to make any significant profit.

Matched betting is somewhat similar to arbitrage betting: both back and lay bets are placed on the same selection, hence enabling to extract bookmakers’ free bets and signup bonuses with practically no risk. Matched betting opportunities are easier to find since you are not looking for the extremely rare cases when back odds exceed lay odds, and you do not need to have a large betting bank to successfully do it. However, matched betting requires you to open multiple bookmakers’ accounts to qualify for new free bets, which can get a little annoying.

There are indeed some low-risk ways to make money from online bookmakers, but none of them are ‘secret betting loopholes’ that are going to make you an instant millionaire. However, if you are willing to spend some time and effort, both arbitrage betting and matched betting are valid and reasonably profitable methods to make money from online sports betting.

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Source by Emil Wilson