Topic: Arbitrage on sportsbetting is possible? (Read 351 times)

It is difficult to find such a good bet, most bookmakers are often linked and the odds are almost equal.
Most of the odds we see have been evaluated by top experts so it's hard to find odds that are too big.

You just mentioned it the chance of being caught and have your account being freeze is always the case of dealing with this arbs betting.
The risk always high due to the amount of differences, you can take the advantage if you have a huge amount of investment / bankroll capital
the problem if once caught that money will be forever stuck and by creating new account same thing will happen.

I have to disagree here. Many people keep talking about accounts getting limited or shut down which is a limitation, but the work-around here is to create new accounts(Non-KYC sites are better here).

I know a person who risks huge amounts for 2-3% guaranteed profit and gets his account limited or shut down and opens new accounts and continues doing the same. This is a safe technique as long as you stick to reputed sites(Avoid sites like 1xbit etc) which pay out your winnings always.

It is possible if you are able to somehow
a) find these odds on a regular basis and take advantage of it
and b) find a way to repeat this method over and over again over large volumes, without your account being shut down by these sites.

AFAIK it's extremely difficult to achieve both which is the reason why even though it is profitable in theory, it's not that profitable in practice. You're probably better off spending your time and energy elsewhere.

Honestly, I am not a big fan of value-betting. It is simply a psychological way of convincing yourself that you beat the bookie. Some are experts in this field, but the majority fail trying to find value bets.

Accumulator and Arbitrage betting is a lot more fun in comparison with similar risks. Arbers usually don't care about losing their accounts and it is possible to earn big through accas through a small bankroll too. Just my 2 cents.

That's not arbing. If you're playing both sides, then don't play either of them instead: you're paying 2-8% for betting both sides for absolutely zero reason. If you're hedging at a later date because you're not confident in your pick anymore, then sure, but hedging a parlay with another parlay is dumb.

in theory it should work but in my opinion it is much more difficult to carry out arbitrage on the betting sites than on the exchanges because the odds can vary even at the last second on the various sites, it is perhaps better to use the banking technique as on betfair, there are sites that accept altcoin to bet that they allow this practice? ...

It's rare for you to see a spread that large when it comes to sports books, however you might be able to take advantage of so-called promotion arbitrage (or matched betting).

There's plenty of platforms out there that will suggest these opportunities for you, but you should note that it's against the T&C's at most places, though it would be very difficult to track.

Yes its possible but finding the opportunities is somewhat impossible yet bookies wont really have that big gapped when it comes to odds.

Also its being mentioned already that you might faced up some issues in regards with sure bettors.It might be a worth to try but finding opportunities
is quite hard.

I have been doing that for some time. It is a very good opportunity to make 'guaranteed' profits. But to this manually is almost impossible. But there are several good softwares that automatically track arb bets over 100+ different bookmakers.

But there are some catches.

· to be profitable with sports arbitrage you need at least 10-15 bookmaker accounts which are funded.
· Many bookmaker very often limit accounts if they see it belongs to arb bettor
· There are several struggles that can happen when placing your arb bet.
            · The odds can suddenly change after you placed your bet on bookmaker A
            · Bet gets voided on 1 of the 2 bookies
            · Bookie changes the max stake while placing the bet
            · .....


Thats why I changed from arbitrage betting to value betting. Value betting is not a 100% guaranteed winning method. Downswings can occur. But in the long run value betting will be profitable. the software that I am using personally says that with 30 value bets daily by following their bets and bet amounts you should be able to double your bankroll within 90 days.

the software is pretty nice as well. I will attach some screenshots. All value bets appear automatically, You can log your bets with 1 click so you have a total report at any times



couple things I like more about value betting.

· no cross betting between bookies necessary
· No need of having 10+ betting accounts. 1-3 are more than enough
· smaller bankroll needed to start with

I like to appreciate your different way of thinking. Instead of trying out these arbitrage things, you better focus on one or two sport so that you may predict them easily. Easily in the sense you may predict more than 50% accurately when you are watching/following few sports continuously. Being more than 50% successful is more then enough thing to be profitable in sportsbetting given that you do not increase your bet amount.

Like trading arbitrage, you need to watch and figure out feasible things (within short period of time frame) to go for your mentioned arbitrage. That must be a big headache, instead of taking that, you can simply opt for betting one side which you believe to be strong enough to beat the opponent on that particular day with the expectation of 50% likely you to be right. An easy way to find profits out of gambling comparatively with lesser bankroll involved in your arbitrage plan.

#1  Keep in mind this isn't theoretical vaporware strategy I'm discussing. Its something I actively utilize that has been effective. Arbitrage is a very protectionist strategy in algorithmic trading. Its effective mainly under a predefined set of circumstances, which one is not likely to find outside of HFT/dark pools. The most reliable ARB strategy for crypto was cross platform ARB where bitcoin would be bought on exchanges and sold on african exchanges where its price was 20% or higher.

For sports betting, props are another common method of attempting ARB. Its easy to get greater than +100 odds on both sides of a match utilizing props.

#2  In the latter half of 2018, I had a winning stretch where I went something like 25-3. Difficulty level is much higher in 2019. Its not that hard to hit 20 or more consistent wins. What's difficult is scaling back the frequency of bets, to a point where you're betting exclusively on plays you're 99.9% certain will win. This could mean making only 1 bet per month or less, having to restrain yourself, which not everyone has the self control or discipline to do.

On the contrary, the possibilities are endless. If you were out to do harm on Orbit and the likes and they would pay you without a doubt, you can get them broke in a heartbeat. In reality this only works to a certain extent and is highly risky - you can accumulate huge winnings in your Orbit account without any sweat, but they won't pay out your winnings most likely.

Take a dive into their business model and you will see. There were even better possibilities with the first Betfair mirrored exchanges that appeared some years ago. They were greedy af (and a bit stupid too), so they were broke pretty soon and had to shut down as soon as some sharps exploited them and their greed.

I never use 1xbit for betting. I have used Bitedge alerts successfully for arbing between sites like Betbtc and Sportsbet. Also, I stated Bitedge as an example. It is possible to find 2-3% arbing opportunities through sites like Surebet, Betburger etc.

Arbitrage between exchanges? Possible, but the opportunities are very limited for obvious reasons. Softs and sharp bookie arbing is always the better option which comes with its own risks.

I opened a topic some time ago that tackled surebets, but with Betfair trading and some strategy which a guy was claiming to have developed (or just taking advantage of some bug in the markets): https://bitcointalksearch.org/topic/the-myth-of-slicers-betfair-strategy-5195284

You can still do some kind of arbritage between Betfair and Orbit (and all those other Betfair powered exchanges), but it's risky, if your Orbit account gets closed as you will have all the money there and lose with Betfair.

Arbitrage is possible but this is very hard to do.

It's like you are gambling without any risk, you are just finding a line that you can take advantage that ensures you profit regardless of the result of your bet. It's actually one of the most interesting topic that I want to learn when I was new in sports betting, but this kind of betting requires time and effort and you need to build a working system that will monitor different sportsbook so you can spot the difference, I just believe its possible but I don't think its doable by most gamblers who like to try.

bit-edge arbs are mostly inaccurate in my experience , I have been really following their alerts for several months and managed to get only one real arb with 0.8% ROI as I remember

and Darkstar has a valid point with 1xbit , I tried 1xbit in the past and you don't even need arbitrage to profit with them cause they have tons of value lines and you can find them by  comparing the lines with pinnacle
they have tons of arbs that bitedge doesn't post , but what's the point since you will get scammed at the end ?

they closed my account with a little bit over 0.1 BTC stuck , I was able to withdraw more actually in the past so I didn't really lose money with them but they can close your account anytime

This basically reduces the risk associated with parlays to a small degree, but does not nullify it completely like arbing which is why this is not the best method. It is only effective during the final round of a parlay where you can hedge to acquire guaranteed profits.

You need to be one of the best punters in the world to be able to guess 20-25 even odds correctly without any errors in order to turn 1 cent into a million. Unrealistic. This is why parlays always favor the house though I enjoy placing them for fun.

Books never post flipped lines unless a typo or error is made. Bets made under those circumstances are null and void. The best method to arbitrage sports betting imo is via utilizing multi team parlays.



The 8.465 parlay on the top needed Demetrious Johnson to finish.

The 38.168 parlay on the bottom needed Henry Cejudo. Demetrious Johnson's opponent.

Its not necessarily feasible to hit these long odds consistently but the 38x parlay on the bottom did hit. Hedging with parlays can also be successful in terms of ARB. Chasing odds across different sportsbooks isn't a cost effective use of time, in my opinion. It takes less than 30 consecutive winning bets at even odds to compound interest $0.01 into more than a million dollars. Profit potential of sports betting is extremely high. Odds will usually not be the biggest bottleneck in regards to earning potential. Accuracy and consistency are the biggest obstacles and the area where most will see the biggest benefits in terms of time and effort based investment.

Have you tried playing a Bitedge arb? From what I've seen, it either relies on 1xbit (scam) or has incorrect odds (or maybe they shifted extremely quickly) around 99% of the time. That one involves Sportsbet too, so expect to be limited for all future bets pretty much on their book if you play that arb. I guess 2% is a bit low but more realistic given how few Bitcoin books there are. With fiat books, I've heard up to 5%.