Before you get too excited lets take a moment to understand mechanics behind arbitrage – an age old concept that has been used by banks and businesses for centuries. Arbitrage simply is an inconsistency in market – where for example due to global differences same product or service is charged at different prices in different locations. How is this applied to sports betting? An arbitrage opportunity is formed when different bookies have different prices for different outcomes in a particular sporting event. The bottom line is that we can place bets to cover both (all) outcomes with different bookmakers and get back more than we invested each and every time. It’s important to remember that this is a form of investment and not betting – with arbitrage you know your exact return before a ball is kicked or a stroke played. It’s also important to remember that arbitrage returns are generally low – on average yielding 5% to 10% per play – but for an investment that lasts for a couple of hours, that’s pretty good.

An Example Let’s take a look at a real life example of sports arbitrage. During a ladies single game at Wimbledon between Davenport and Clijsters bookies Tote and Victor Chandler priced outcomes differently: Tote - 3/1 Clijsters to win Victor Chandler - 2/5 Davenport to win To return £100 with Victor Chandler above we would have to invest £71.42. To return £100 with Tote for a Clijsters win we would have to invest £25. Our total collective investment would be just £96.42 - and whoever won game our total return would be £100. We have just made a guaranteed 3.58% on your money within 2 hours. You can find plenty of these arbitrage opportunities each and every week. How did we calculate how much investment is required to return £100 (including our stake)? We do a very simple calculation: 1. With V.C. odds for a Davenport win was 2/9. To find out how much you need to invest to return £100 simply make following calculation: (a) 2/5 + 1 = 1.4 (b) 100/1.4 = £71.43 2. With Tote odds for a Clijsters win was 3/1. To return £100 (including our stake): (a) 3/1 + 1 = 4 (b) 100/4 = £25 Total Investment (£71.43 + £25) = £96.42 Total Return REGARDLESS OF OUTCOME £100 Total Profit (£100 - £96.42) = £3.58 risk free. Do you see beauty of this? No matter who won game you are guaranteed a certain profit of 3.58% - this is a very good return for an investment lasting just a couple of hours that carries absolutely zero risk. The good news is that arbitrage opportunities like these happen many times on a daily basis, and with a little practice you can find quite a few to invest in as you please.

Here are several time management tips that will help you to use those few precious hours that you do have wisely;

Get organized! - I can't stress this enough. This is first thing that absolutely needs to be done to improve your time management skills. Think about all of time that is wasted looking for things; looking for papers, phone numbers, supplies.....your desk top. · Use first 15 minutes of your morning to organize your work area. · Go over your "To Do" list and organize things needed to accomplish them.

2. Identify your most productive time - · You may be a morning person or an evening person. I do all of my most difficult tasks when I am fresh in morning. · Use your child's nap time or one hour of "TV time" for your kids to do your most difficult tasks.

3. Make your "To Do" list night before - · Know what you will accomplish next day. That way, you start out with a goal in mind first thing in morning rather than wandering around aimlessly. · Divide your "To Do" list into several page; one list for things to do tomorrow, this week, and one for things to do this month. As you accomplish these goals, cross them off. I write my monthly goals on my calendar.

4. Find more time in day - · Need an extra hour in day? Get up an hour early and have your first cup of coffee or tea sitting at computer going through your e-mails, answering your e-mails and posting to forums. I call these my "day wasters".

5. Schedule it and stick with it · Write one thing that you will accomplish on each day of week on your calendar. For instance, I file every Monday, do my on-line banking every Wednesday, update my web site on Friday......

6. Avoid big "day wasters" - · Forums, TV, surfing web, and talking on telephone are all huge "day waters" if not used properly. These are all great things, when used in moderation, but can become very addicting and you can seriously lose hours and hours of your day with all of them. · Limit your "day wasters" to morning hour of your day. This is a huge time management tip!