Can you profit from long-term arbitrage?
Sports arbitrage (surebets) is traditionally associated with fast trades, where differences in bookmaker odds guarantee a profit within minutes or hours. But can this strategy be applied to long-term markets — for example, placing bets on championship outcomes, tournament brackets, or transfer deals months in advance?
In this article, we’ll explore:
- How long-term arbs differ from classic ones
- Which types of sports events are suitable for this kind of arbitrage
- Real-world examples and calculations
- Risks and pitfalls of the strategy
1. What are long-term arbitrage bets?
A long-term arbitrage bet is an opportunity where bets are placed on an event scheduled to happen in weeks or even months.
🔹Key differences from short-term arbitrage bets:
Parameter | Classic Arbitrage Bets | Long-Term Arbitrage Bets |
---|---|---|
Time to outcome | Seconds / Minutes / Hours | Days / Months |
Liquidity | High | Low (odds change less frequently) |
Risk | Minimal (if placed quickly) | Higher (bookmaker may change the odds line) |
Profitability | 3–7% | 5–15% (due to lower competition) |
Example:
- In January, Bookmaker A offers 2.10 on Man City to win the Premier League, while Bookmaker B offers 1.90 on them not to win.
- If you distribute your stakes correctly, you can secure a guaranteed profit of 2–3%.
2. Which markets are suitable for long-term arbitrage?
Not all events are equally good for this strategy. The best options include:
🔹 1. Tournament outcomes (leagues, cups)
- Football (Premier League, Champions League)
- Basketball (NBA, EuroLeague)
- Esports (Dota 2 — The International, CS:GO — Major)
Why?
- Odds change slowly.
- Top-tier bookmakers offer high liquidity.
🔹 2. Transfer markets
- Bets on player transfers ("Will Kudri join PSG – yes/no")
- Loans, swaps
Feature:
- High odds gaps (arbs of 10–15%).
- Risk: the deal might fall through at the last minute.
🔹 3. Political/organizational decisions
- Coach replacements
- Team disqualifications
- Real-life events – competition wins, presidential elections, etc.
3. How to find long-term arbitrage bets?
🔹 Step 1. Choosing a scanner
The best scanners are fully capable of identifying long-term arbitrage opportunities. Set a filter for match start time — this will narrow the results to what you need.
🔹 Step 2. Event filtering
- Select only events where the outcome date is more than 30 days away.
- Avoid matches with a high risk of cancellation (for example, due to weather).
🔹 Step 3. Stake calculation
If you're using arbitrage scanners, they usually include built-in calculators for quick stake calculations.
4. Risks and issues of the strategy
🔹 1. Odds changes
The bookmaker may:
– remove the market
– significantly change the odds (especially if one leg of the bet is already placed)
🔹 2. Bet void due to non-fulfillment
Example:
- You bet on Haaland transferring to Real Madrid, but the transfer fails → the bet is voided
How to reduce the risk: choose events with a high probability of occurring
🔹 3. Funds freeze
Money stays in the bookmaker for weeks → cannot be used for other arbs
What is ROI?
5. Real-Life Examples of Long-Term Arbitrage Bets
🔹Example 1. Leicester Winning the Premier League (2015/16)
At the beginning of the season:
- Bookmaker A: Leicester to win the league – 50.00
- Bookmaker B: Leicester NOT to win – 1.01
Arbitrage margin: 1.5% (with proper stake distribution).
🔹Example 2. Neymar’s Transfer to PSG (2017)
One month before the transfer:
- “Neymar to stay at Barcelona” – 1.60
- “Neymar to leave” – 2.50 at other bookmakers → 3% arbitrage.
Conclusion: Is It Worth Playing Long-Term Arbitrage?
✅ Pros:
-
Lower competition (most arbers focus on fast markets).
-
Potential to catch high-yield arbs (5–15%).
❌ Cons:
-
Higher risks (event cancellations, line changes).
-
Funds are locked up for extended periods.
👍 Bottom line
Long-term arbitrage is possible but requires:
-
Careful event selection.
-
Deep analysis of bookmaker lines.
-
A large bankroll (due to lower deal frequency).
If you're ready for these conditions, the strategy can generate a steady income of up to 10% per month.