Arbitrage Betting in Esports: How to Profit from Odds Discrepancies

How Arbitrage Works (A Simple Example)

At its core, arbitrage is about exploiting price differences. Imagine a product costs KES 500 in one market and sells for KES 2,000 in another. You buy it where it's cheap, sell it where it's expensive, and pocket the profit.

Arbitrage betting applies this same principle. Instead of goods, you're leveraging odds.

Esports Arbitrage Example for Kenyan Players

Let’s say Team Alpha and Team Beta are battling it out. Here’s how two different bookmakers in Kenya might list the odds:

• Bookmaker A: Team Alpha – 2.09, Team Beta – 1.90
• Bookmaker B: Team Alpha – 1.88, Team Beta – 2.11

You bet on Team Alpha at Bookmaker A and Team Beta at Bookmaker B. With these odds, no matter who wins, one of your bets will return more than the total you staked, guaranteeing a profit for you.

How to Do Arbitrage Betting in Esports in Kenya

Step-by-Step Breakdown

Find Conflicting Odds

Use arbitrage tools or manually compare odds across multiple trusted bookmakers. Focus on two-way Esports markets with only two possible outcomes.

Confirm Arbitrage Opportunity

Use this formula:

(1 / Odds A) + (1 / Odds B) × 100

If the result is under 100, you’ve found an arbitrage opportunity.

Example:

(1 / 2.09 + 1 / 2.11) × 100 = 95.24%

Calculate Stake Distribution

Use this formula to calculate how much to stake on each side:

(Individual Bet Fraction ÷ Arbitrage%) × Total Bet

For a $200 total stake:

Team A: ((1 / 2.09) × 100 × 200) ÷ 95.24 = $100.48
Team B: ((1 / 2.11) × 100 × 200) ÷ 95.24 = $99.52

Place the Bets

Be quick—arbitrage windows close fast as odds shift constantly across sportsbooks.

Collect Your Profit

Your total return will be approximately $209–$211, regardless of the outcome, yielding a $9–$11 profit, risk-free.

Tips for Successful Arbitrage Betting

Even though arbitrage is low-risk, it’s not error-proof. You’ll need discipline and speed. Stick to two-way betting markets and always verify the odds are still valid before placing your bets.

Avoid sportsbooks that frequently limit arbitrage bettors, and rotate platforms when needed. Lastly, double-check every calculation—one mistake can wipe out the margin.

Arbitrage in Esports vs. Traditional Sports

Arbitrage works in both traditional and Esports betting, but Esports offers a unique edge.

• High volatility: Odds swing faster due to patch updates, roster changes, and streaky team performance.
• Obscure markets: Smaller games, such as Valorant or CS:GO qualifiers, often exhibit bigger discrepancies.
• Less efficient pricing: Bookmakers don’t always react fast, giving you more time to execute a profitable trade.

That said, the esports market moves quickly, so precision and fast execution are critical.