Arbitrage betting in horse racing is a strategy where bettors place wagers on all possible outcomes of a race across different bookmakers to guarantee a profit regardless of the result. This is possible due to varying odds offered by different betting platforms.
In the Indian context, local betting products like online platforms such as Betway India, 10Cric, and LeoVegas have gained popularity. These platforms offer various betting markets on horse racing events, including major Indian races like the Indian Derby and the Bangalore Derby.
Indian bettors can use arbitrage strategies by comparing odds from domestic bookmakers with international ones. However, it\“s important to note that betting regulations vary by state in India, with some states like Sikkim having legal betting frameworks while others prohibit it.
Successful arbitrage requires quick calculations, multiple betting accounts, and awareness of platform terms. Indian bettors should also consider currency exchange rates and transaction fees when placing wagers across international bookmakers. |
