How does the AI-powered transaction entry work?

Simply speak or type naturally like "won 100 at stake betting" and our AI instantly parses your input to create a transaction. It recognizes transaction types (profit/loss/deposit/withdrawal), amounts, platforms, and categories. You can review and confirm before saving. Works with both voice input and text.

How does Manage Bankroll track my trades and bets?

Manage Bankroll uses manual entry with optional AI assistance. You can enter transactions manually, or use our AI-powered voice/text entry for faster logging. We never connect to your bank accounts or trading platforms automatically, giving you complete control over your data.

Is Manage Bankroll really free?

Yes, Manage Bankroll offers a free plan with core features including manual transaction tracking, profit/loss analysis, and basic reporting. Pro features are available for advanced users.

What types of trading and betting can I track?

You can track sports betting, poker, casino games, day trading, swing trading, crypto trading, forex, options, and more. Any form of trading or gambling with a bankroll can be tracked.

Is my financial data safe?

Yes, your data is completely safe. Since we use manual entry only and never connect to your bank accounts, your sensitive financial information never leaves your control. All data is encrypted and stored securely.

Can I track multiple accounts or platforms?

Yes, you can track unlimited platforms and accounts. Whether you use multiple sportsbooks, poker sites, or trading brokers, you can manage them all in one place.

Does Manage Bankroll help with gambling tax records?

Yes, Manage Bankroll tracks all your wins and losses with detailed records that can be exported for tax reporting. You can generate win/loss statements and maintain accurate gambling income records for IRS reporting.

Can I track live sessions in real-time?

Yes, our live session tracking feature lets you monitor your profit/loss in real-time during poker, casino, or trading sessions. Track your bankroll changes, session duration, and performance metrics as you play or trade.

How is this different from spreadsheet tracking?

Unlike spreadsheets, Manage Bankroll provides automated calculations, visual analytics, live session tracking, and dedicated tools for different betting and trading types. It is easier to use and provides insights that are difficult to achieve with manual spreadsheet tracking.

Sports Betting Arbitrage: Find Risk-Free Profits

Sports betting arbitrage (or "arbitrage betting") is the holy grail of betting strategies - true risk-free profit. While most betting involves chance, arbitrage guarantees profit by betting on all possible outcomes across different sportsbooks. Here's your complete guide to finding and executing arb opportunities.

What is Sports Betting Arbitrage?

Arbitrage betting exploits price differences between sportsbooks. When odds imply different probabilities for the same event, you can bet on all outcomes and guarantee profit regardless of the result.

How Arbitrage Works

The Basic Concept

If Team A is +150 at Bookmaker A and -130 at Bookmaker B, you can bet both sides for guaranteed profit.

Example Scenario

Bookmaker A: Lakers ML +150
Bookmaker B: Lakers ML -130
You bet: $130 on Lakers at Bookmaker B, $100 on Lakers at Bookmaker A

Profit: $100 regardless of outcome (minus small vig differences).

Finding Arbitrage Opportunities

Tools and Software

Arb Scanners: Automated tools scanning multiple books
Odds Comparison Sites: OddsPortal, OddsShark, Action Network
Betting Exchanges: Betfair, Pinnacle for better odds

Manual Methods

Compare 3-5 sportsbooks simultaneously
Use odds conversion calculators
Monitor line movements

Calculating Arbitrage Profit

The Formula

Arbitrage Percentage = (1/Decimal Odds A + 1/Decimal Odds B) × 100

If under 100%, arbitrage exists. Lower percentage = higher profit.

Profit Calculation

Profit Margin = 100% - Arbitrage Percentage

Types of Arbitrage

Two-Way Arbitrage

Standard ML or spread bets across two books.

Three-Way Arbitrage

Moneyline bets on three possible outcomes (common in soccer).

Multi-Leg Arbitrage

Parlays or teasers with arb opportunities.

Real-World Example

NFL Game: Chiefs vs Eagles

Bookmaker A: Chiefs -140, Eagles +120 Bookmaker B: Chiefs -130, Eagles +110

Arbitrage Check: 1/1.714 + 1/2.100 = 58.3% + 47.6% = 105.9% (no arb)

With Actual Arb: Bookmaker A: Chiefs -150, Eagles +130
Bookmaker B: Chiefs -140, Eagles +120

Arbitrage Check: 1/1.667 + 1/2.167 = 60% + 46.2% = 106.2% (no arb)

Wait, let's use a real arb example:

Bookmaker A: Team A +200 (decimal: 3.00) Bookmaker B: Team A -150 (decimal: 1.667)

Calculation: 1/3.00 + 1/1.667 = 0.333 + 0.6 = 0.933 (93.3%) Profit: 6.7% guaranteed return.

Practical Execution

Step-by-Step Process

Identify Arb: Use scanners or manual comparison
Calculate Stakes: Use arb calculator for exact amounts
Place Bets: Simultaneously across books
Confirm: Verify bets placed successfully
Collect: Profit regardless of outcome

Risk Factors

Bookmaker Risks

Account Limits: Books restrict winning players
Line Movement: Odds change during placement
Account Closure: Detected arbers get banned

Practical Challenges

Speed: Need quick execution
Bankroll: Large stakes required for meaningful profit
Taxes: Profits are taxable income
Opportunity Cost: Time spent vs returns

Advanced Arbitrage Strategies

Dutching

Similar to arbitrage but without guaranteed profit - just optimal stake distribution.

Multi-Book Arbitrage

Complex arbs across many books for higher returns.

Exchange Arbitrage

Using betting exchanges for better odds.

Tools and Resources

Free Tools

Odds converters and calculators
Free comparison sites
Basic arb scanners

Premium Tools

Professional arb scanning software
Real-time odds feeds
Automated betting bots

Profitability and Scale

Typical Returns

Small Arbs: 1-3% profit per opportunity
Large Arbs: 5-10% on major events
Frequency: 5-20 opportunities per week

Scaling Challenges

Bankroll Requirements: Need significant capital
Bookmaker Limits: Can't bet unlimited amounts
Competition: Popular arbs get closed quickly

Legal and Ethical Considerations

Legality

Arbitrage is legal in most jurisdictions but some books discourage it.

Terms of Service

Check bookmaker rules - some prohibit "professional" betting.

Responsible Gambling

Arbitrage is gambling adjacent but requires discipline.

Getting Started

Beginner Steps

Learn Odds: Master different formats
Compare Books: Use 3-5 sportsbooks
Start Small: Practice with small stakes
Use Tools: Invest in scanners/calculators
Build Bankroll: Save for larger opportunities

Required Skills

Math Proficiency: Quick calculations under pressure
Speed: Fast execution capabilities
Capital: Sufficient bankroll for meaningful profits
Discipline: Stick to calculated stakes

The Future of Arbitrage

Technology is making arbitrage harder:

Algorithmic Pricing: Books use algorithms to eliminate arbs
Real-time Adjustments: Lines move instantly on betting pressure
Exchange Competition: Betting exchanges offer fairer odds

However, opportunities still exist, especially in:

Lesser Sports: Niche markets with fewer professional bettors
Live Betting: In-game opportunities
Exotic Bets: Props and specials

Conclusion

Sports betting arbitrage offers true risk-free profit in a field dominated by chance. While challenging and competitive, it's one of the few guaranteed ways to profit from sports betting.

Success requires mathematical skills, quick execution, and significant capital. Start small, learn the mechanics, and scale up as you gain experience.

Remember: Arbitrage is a business, not gambling. Treat it with the same discipline as any investment strategy.