With so many different ways to bet, it can get overwhelming, especially with the risks involved. If you’re looking for one of the safest forms of betting, then arbitrage betting will suit you. This is a risk-free strategy because you wager on both sides of a bet or prop, guaranteeing a profit.

Yesterday (July 28), there were some incredible arbitrage betting opportunities when using Pickwatch's BetSmart tool.

However, it is sometimes best for you to do your own research because you could find better odds.

At 12 p.m. EST, BetSmart had Colton Cowser's total runs arbitrage, which could have resulted in more than a $7 profit. This came by betting $74 on the over 0.5 at Bet365 and $100 on the under at Parx.

However, upon further investigation, those were not the correct odds on those sportsbooks. What do you do when the actual odds do not match the ones in our BetSmart Tool? The markets can change lightning quick, and that’s when you need to adjust. That can easily be done in the BetSmart tool. You can change the odds if the book shows a different number. You can also change how much you are willing to wager if you want bet more or less.

A keen eye became beneficial because while the BetSmart Tool had this at a fantastic 3.82% arb, the adjusted odds brought it up to 4.4%

These are the benefits of arbitrage betting: you strategically bet on both sides, ensuring a profit regardless of the outcome. There is still a strategy that comes with this type of betting. You need to be up on the early markets and strike when the odds are in your favor. As you saw with the arbitrage betting example, researching the markets will help you find the most profitable outcome.

That is why BetSmart is your best way to attack arbitrage betting. BetSmart tracks millions of betting lines in real time and brings them to you when the markets become available. There are various tools to accommodate your level of risk, whether it's no-risk arbs, converting promos to real cash, or utilizing Wall Street-style Positive EV methods to identify mispriced odds. Click here to get a 7-day free trial (new users only)