Arbitrage on sports bets? - page 2. | Bitcointalksearch.org

Sadlife

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Quote from: crzy on January 10, 2021, 06:28:10 PM

Quote from: AB de Royse777 on January 10, 2021, 02:18:30 PM

Quote from: bitbollo on January 10, 2021, 02:05:43 PM

apparently nothing has changed, and as a reason I would add also the same provider for most of betting sites.
I opened some weeks ago this post asking for some update about "sure bets" but actually there is not any resource suitable for btc Sad

https://bitcointalksearch.org/topic/--5284297

Well make sure the bookies do not catch you on arbitrage betting. They do not like betters who do this kind of activities. For them gambling is a fun not to make money. If you find a way to make money then they will restrict you because they have a business to run LOL

This is the risk of being greedy in gambling, better not to try this because I’m sure you’re on the watch list if you create profit bigger than expected. The house should always win and beside the arbitrage is also risky it cannot guarantee sure profit not unless you done this professionally.

Wanting to profit is not bad, we gamblers also want to make money through gambling, maybe get lucky and win the jackpot. Like some individuals out there who profited a lot and earned millions. The competition must be fair and give and take. We are risking our money. So a small way to atleast gain profit through arbitrage should be allowed. Anyway, i'm sure platforms doesn't restrict this. I've seen users experimenting which bookies has best odds. I guess just to be safe read their TOS.

AB de Royse777

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Quote from: crzy on January 10, 2021, 06:28:10 PM

This is the risk of being greedy in gambling, better not to try this because I’m sure you’re on the watch list if you create profit bigger than expected. The house should always win and beside the arbitrage is also risky it cannot guarantee sure profit not unless you done this professionally.

Wrong.

Arbitrage do guarantee you profit. You actually take the advantage of the odds. You place bets for both team in the same market. So one outcome is guaranteed. These days odd differences are not much so it's not easy to find odds for arbitrage like it used to be.

Quote from: jaberwock on January 11, 2021, 06:00:48 AM

I don't know about others but I tried to arbitrage in my own unique way and I failed brutally. I was basically betting on soccer games over/under market and I used to bet on under market at the start of the game or pre-match and then as the game starts , usually there are no gals in the first 10 mins which then swings the odds in favor of under and I used to bet on over market and make profit.

It's easier with different bookies and placing the bet at the same time. Some bookies had odd difference and you take the advantage of those differences not betting in the same market in different time-frame.

Here is a perfect reading for arbitrage betting: https://www.sbo.net/strategy/arbitrage-betting/

Quote

1. Using an odds comparison site such as Oddschecker, find a sporting event which offers two outcomes.
2. Find the highest odds available for each outcome from two different bookmakers.

jaberwock

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Quote from: 9kek on January 10, 2021, 01:57:29 PM

Did someone of you try to do Arbitrage on sport bets in BTC gambling sites?
Some years ago i checked some sites and it wasn't possible (house edge was too big, bigger than the house edge in traditional sportbook sites).
Maybe something is changed in the last years?

I don't know about others but I tried to arbitrage in my own unique way and I failed brutally. I was basically betting on soccer games over/under market and I used to bet on under market at the start of the game or pre-match and then as the game starts , usually there are no gals in the first 10 mins which then swings the odds in favor of under and I used to bet on over market and make profit.

The problem with this method was that out of 10 games 1-2 games would have a goal scored i the first 10 mins which resulted in more loss than profit gained in the other 8-9 games.

sempak

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there is a group active that makes conscious use of this. I will not mention sites, but more sites have and suffered from this. the most annoying thing is that arbitrage betters also assume that they simply have to be paid out. levski7 in the lead!

crzy

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Quote from: AB de Royse777 on January 10, 2021, 02:18:30 PM

Quote from: bitbollo on January 10, 2021, 02:05:43 PM

apparently nothing has changed, and as a reason I would add also the same provider for most of betting sites.
I opened some weeks ago this post asking for some update about "sure bets" but actually there is not any resource suitable for btc Sad

https://bitcointalksearch.org/topic/--5284297

Well make sure the bookies do not catch you on arbitrage betting. They do not like betters who do this kind of activities. For them gambling is a fun not to make money. If you find a way to make money then they will restrict you because they have a business to run LOL

This is the risk of being greedy in gambling, better not to try this because I’m sure you’re on the watch list if you create profit bigger than expected. The house should always win and beside the arbitrage is also risky it cannot guarantee sure profit not unless you done this professionally.

ralle14

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Quote from: fiulpro on January 10, 2021, 02:57:14 PM

They still earn their profits!!! then if a person is legally doing something that might prevent his chances of loosing and they aren't harming your overall earnings then why ban it in t&c ?

When you start winning they usually put a low limit instead of giving a ban on your account and they do it because long term winners prevents them from making more profit.

Quote from: fiulpro on January 10, 2021, 02:57:14 PM

I personally haven't done it because am not good at betting and due to Pandemic I do have a lot of pressure to not bet for a while therefore if I do make a bet I might just ask my friend to bet on other event with the higher outcome? This would work won't it ?

Yes, with live betting if you wait long enough you could get both sides at above even odds. On pre live it's much more difficult since you have to check so many sportsbook plus you risk your account getting limited but still possible here's a screenshot from bitodds alert

mirakal

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This isn't impossible though it's hard to arbitrage really.

I read some discussions in the past about arbitrage betting that it did not last too long because only few can really relate.
Bookies now with the use of the a good system won't allow anyone to abuse their site through arbitrage betting, I mean they have a very standard odds, if you'll find an arbitrage opportunity, it's only in a little percent of opportunity, that's why I'm saying it's hard job to do.

AB de Royse777

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Quote from: jaberwock on January 10, 2021, 03:11:23 PM

The thing is bookies won't catch you if you are smart enough specially with crypto bookies because you can make multiple accounts and bet different stakes to confuse them and keep benefiting. The problem is that hardly there are any arbitrage opportunities available because it is not easy to find markets with high variance between different bookies.

All these crypto bookies will ask you for KYC at some point if you win high and if they suspect any account. In the scam accusation board we see numbers of accusations and all those bookies are doing KYC.

So just because it's a crypto bookie that does not mean that they will no ask KYC.

alegotardo

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Quote from: 9kek on January 10, 2021, 01:57:29 PM

Did someone of you try to do Arbitrage on sport bets in BTC gambling sites?
Some years ago i checked some sites and it wasn't possible (house edge was too big, bigger than the house edge in traditional sportbook sites).
Maybe something is changed in the last years?

Nothing

I believe they use very "similar" algorithms to pre-determine which teams are most likely to win a particular game, based on previous matches.
That is why it is difficult to find good arbitrage bets.

I still prefer to place my bets in the course of a game in which I believe the end result is "against the statistics".

jaberwock

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Quote from: AB de Royse777 on January 10, 2021, 02:18:30 PM

Quote from: bitbollo on January 10, 2021, 02:05:43 PM

apparently nothing has changed, and as a reason I would add also the same provider for most of betting sites.
I opened some weeks ago this post asking for some update about "sure bets" but actually there is not any resource suitable for btc Sad

https://bitcointalksearch.org/topic/--5284297

Well make sure the bookies do not catch you on arbitrage betting. They do not like betters who do this kind of activities. For them gambling is a fun not to make money. If you find a way to make money then they will restrict you because they have a business to run LOL

The thing is bookies won't catch you if you are smart enough specially with crypto bookies because you can make multiple accounts and bet different stakes to confuse them and keep benefiting. The problem is that hardly there are any arbitrage opportunities available because it is not easy to find markets with high variance between different bookies.

And like you said once the sportsbook finds that you are indulged in such activities they will limit your account to small stakes and in some cases even forfeit all the balance and banned from future betting.

fiulpro

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Quote from: 9kek on January 10, 2021, 01:57:29 PM

Did someone of you try to do Arbitrage on sport bets in BTC gambling sites?
Some years ago i checked some sites and it wasn't possible (house edge was too big, bigger than the house edge in traditional sportbook sites).
Maybe something is changed in the last years?

Hello
I do believe Arbitrage is the most intelligent strategy that one can apply for sure. It is Legal despite this the bookers they usually ban you if they find you doing something like that. But what I don't understand is :
They still earn their profits!!! then if a person is legally doing something that might prevent his chances of loosing and they aren't harming your overall earnings then why ban it in t&c ?
I personally haven't done it because am not good at betting and due to Pandemic I do have a lot of pressure to not bet for a while therefore if I do make a bet I might just ask my friend to bet on other event with the higher outcome? This would work won't it ?
I do think the House edge is something that is same everywhere therefore it does depend on how much profit you can earn and if you will make a significant amount. Making 1-2$ won't be worth it to get banned 😂.
Let us know if you try it ?
Maybe post some pictures and tell us the profit ?

AB de Royse777

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Quote from: bitbollo on January 10, 2021, 02:05:43 PM

apparently nothing has changed, and as a reason I would add also the same provider for most of betting sites.
I opened some weeks ago this post asking for some update about "sure bets" but actually there is not any resource suitable for btc Sad

https://bitcointalksearch.org/topic/--5284297

Well make sure the bookies do not catch you on arbitrage betting. They do not like betters who do this kind of activities. For them gambling is a fun not to make money. If you find a way to make money then they will restrict you because they have a business to run LOL

bitbollo

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Nec Recisa Recedit

apparently nothing has changed, and as a reason I would add also the same provider for most of betting sites.
I opened some weeks ago this post asking for some update about "sure bets" but actually there is not any resource suitable for btc Sad

https://bitcointalksearch.org/topic/--5284297

9kek

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Did someone of you try to do Arbitrage on sport bets in BTC gambling sites?
Some years ago i checked some sites and it wasn't possible (house edge was too big, bigger than the house edge in traditional sportbook sites).
Maybe something is changed in the last years?

Topic: Arbitrage on sports bets? - page 2. (Read 275 times)