Arbitrage with bitcoins | Bitcointalksearch.org

maydna

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Quote from: btcjoin14 on March 24, 2017, 05:25:18 AM

Just try it out, the results won't be the same for every person because if it was then everyone would be doing it lol
I remember a long-time ago when Cryptsy Exchange was around, people used to purchase Dogecoins and send them to another Bitcoin exchange then exchange them to Bitcoin and do a different form of arbitrage like that as well. So I know arbitrage works, it depends on what the timing and other factors, I would recommend that you do more research first.

i won't do that because although i don't know about arbitrage betting, for doing arbitrage itself we need to have big money inside our account, beside that we risk our money for small chances and probabilities to get that money. but i don't know what is the result if we use a software to help us because i heard that some players have their success to do this. but i prefer to do trading arbitrage from one site into another site, but its not recommended.

Caladonian

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Quote from: btcjoin14 on March 24, 2017, 05:25:18 AM

Just try it out, the results won't be the same for every person because if it was then everyone would be doing it lol
I remember a long-time ago when Cryptsy Exchange was around, people used to purchase Dogecoins and send them to another Bitcoin exchange then exchange them to Bitcoin and do a different form of arbitrage like that as well. So I know arbitrage works, it depends on what the timing and other factors, I would recommend that you do more research first.

i have read this form of system which is offer online they are looking for differences between bookmakers and taking advantage for even small
percentage bet from both ends and win without any possible loses its a system which been exploit i don't know if its still available, just forget the service which offered here for btc.

btcjoin14

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Just try it out, the results won't be the same for every person because if it was then everyone would be doing it lol
I remember a long-time ago when Cryptsy Exchange was around, people used to purchase Dogecoins and send them to another Bitcoin exchange then exchange them to Bitcoin and do a different form of arbitrage like that as well. So I know arbitrage works, it depends on what the timing and other factors, I would recommend that you do more research first.

swogerino

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Quote from: michkima on March 23, 2017, 11:58:24 AM

Quote from: LuanX3 on March 23, 2017, 11:34:58 AM

There have been people who have attempted this. I would like to warn you that arbitrage is actually frowned upon by most bookmakers and you will likely get banned doing it. Since you will be betting in broken amounts (like 0.013431231) every time you bet, they will get a hint you are using an arbitrage method and lock your account for sure. Unless the sports books allow it, don't just hastely do it.

I agree, I've seen a service here on the forum before offering arbitrage betting. They have some sort of system where they tell you when to bet, where to bet and how much to bet. They mainly used powerbet.io. Then the problems arose. Powerbet.io blocked their accounts for arbitrage betting, not only the account of the service provider but as well as their customers. So you gotta be careful with this.

Using powerbet.io itself consist a problem if you see how many complaints are against them, some even in the scam accusation board. There are other casinos which allows you to bet in broken amounts but doing it in bitcoin casinos is difficult because to do good arbitrage you need a lot of casinos which we don't have yet in bitcoin.

I said it a few comments above that arbitrage is good for companies and not for single individuals and I stand to my opinion unless proven wrong from a single person who made money through arbitrage betting, proofs would be good to see.

michkima

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Quote from: LuanX3 on March 23, 2017, 11:34:58 AM

There have been people who have attempted this. I would like to warn you that arbitrage is actually frowned upon by most bookmakers and you will likely get banned doing it. Since you will be betting in broken amounts (like 0.013431231) every time you bet, they will get a hint you are using an arbitrage method and lock your account for sure. Unless the sports books allow it, don't just hastely do it.

I agree, I've seen a service here on the forum before offering arbitrage betting. They have some sort of system where they tell you when to bet, where to bet and how much to bet. They mainly used powerbet.io. Then the problems arose. Powerbet.io blocked their accounts for arbitrage betting, not only the account of the service provider but as well as their customers. So you gotta be careful with this.

STT

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Is it not possible to round off the number slightly, alot of those digits are not amounts costing anything really

Quote from: SyGambler on March 21, 2017, 03:42:12 PM

it's possible to find arbitrage but it's really hard and kinda not worth the trying
some bookies don't tolerate arbs though , such as powerbet they had banned many accounts due to arbing but they have really high odds

I wonder how they know really, is there not enough market depth to make the bets just one of many. In any case I find arbitrage to require some risk anyway, due to changing circumstances it just seems to go that way for me.

LuanX3

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There have been people who have attempted this. I would like to warn you that arbitrage is actually frowned upon by most bookmakers and you will likely get banned doing it. Since you will be betting in broken amounts (like 0.013431231) every time you bet, they will get a hint you are using an arbitrage method and lock your account for sure. Unless the sports books allow it, don't just hastely do it.

piloder

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Profit is thin in arbitrage betting with risk of losing very high stake if sportsbook block your funds in the name of investigation. And i have seen lots of account getting banned from reputed sportsbook before in the name of possible fraud with the use of arbitrage.

swogerino

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Arbitrage betting is not for a single individual. I see here in my country big casinos do this to cover their own losses and they do arbitrage betting on other betting houses. Of course they have people paid to do such activity. It is worth it for big casinos but for single individuals it contains a lot of risks.

SyGambler

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Quote from: ralle14 on March 23, 2017, 06:56:28 AM

Quote from: SyGambler on March 22, 2017, 03:23:38 AM

is it satoshi signals ?? cause first of all they paused their service and currently not accepting new purchases
and based on the reviews 99% of their arbs include Powerbet , which make it super risky to arb + more than likely you have to verify your account in powerbet by sending a copy of your passport and a selfie of you holding that document

Looking at some of his previous posts I don't think the software he's talking about is satoshi signals. I might be wrong though.

Quote from: SyGambler on March 21, 2017, 03:42:12 PM

it's possible to find arbitrage but it's really hard and kinda not worth the trying
some bookies don't tolerate arbs though , such as powerbet they had banned many accounts due to arbing but they have really high odds

Imo it's worth it to make arbitrage bets if you have a big bankroll to start with. I mostly do my arbitrage betting live when my pick for the day doesn't go well in my favor.

it's worthy of course , but the time they are taking to find make them kinda tough
and as Darkstar stated there is a risk factor especially with some bookies that show you odds but when you want to place your bet you would be surprised that they refuse the bet and lower their odds (such as cloudbet )
so with such scenario you may lose in one event what you had made in +50 matches or so

equator

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Quote from: FlightyPouch on March 23, 2017, 09:21:48 AM

Arbitrage betting or strategy requires a lot of capital to do. You bet on both, you do not really know the team, but as long as the odds are right and might give you a profit, you will give it a go. Betting in these two teams are really risky, though it is really profittable. But there are instances where sports or the game are draw, making these strategy on the losing side, though that draw games are really rare.

If you are doing cricket sports betting then you can easily do arbitrage betting, today also in t20 emirates 2nd match first batting team odd went up 4+ odd and i had my bet on it and when second batting started the match in the middle the team lost some wickets and the odds jumped of second batting and then i had my second bet on them and like this i had my arbitrage and i booked my profit on both team and sitting not watching match as what ever team wins i am getting profit and on match draw my all bets will be cancelled. So only transaction fees will be loss.

FlightyPouch

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Arbitrage betting or strategy requires a lot of capital to do. You bet on both, you do not really know the team, but as long as the odds are right and might give you a profit, you will give it a go. Betting in these two teams are really risky, though it is really profittable. But there are instances where sports or the game are draw, making these strategy on the losing side, though that draw games are really rare.

milewilda

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Quote from: shanem on March 23, 2017, 09:07:10 AM

I don't like arbitrage betting because you need a large amount of btc to have some decent profits. There is a huge counterparty risk at the gambling sites if you were stuck at withdrawing your funds, you will find yourself losing a lot of money. I would rather trade altcoins then at least you can move your funds easily than at gambling sites which may raise some red flags in your account.

If you are doing arbitrage betting you would really need to have huge pockets so that you would able to feel the profits as you said and risk of losing is always there.One problem will really cost you a lot if chances wouldn't be on your side.Talking about the site they are prohibiting these kind of betting which would really put you in trouble too.

shanem

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I don't like arbitrage betting because you need a large amount of btc to have some decent profits. There is a huge counterparty risk at the gambling sites if you were stuck at withdrawing your funds, you will find yourself losing a lot of money. I would rather trade altcoins then at least you can move your funds easily than at gambling sites which may raise some red flags in your account.

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Quote from: SyGambler on March 22, 2017, 03:23:38 AM

is it satoshi signals ?? cause first of all they paused their service and currently not accepting new purchases
and based on the reviews 99% of their arbs include Powerbet , which make it super risky to arb + more than likely you have to verify your account in powerbet by sending a copy of your passport and a selfie of you holding that document

Looking at some of his previous posts I don't think the software he's talking about is satoshi signals. I might be wrong though.

Quote from: SyGambler on March 21, 2017, 03:42:12 PM

it's possible to find arbitrage but it's really hard and kinda not worth the trying
some bookies don't tolerate arbs though , such as powerbet they had banned many accounts due to arbing but they have really high odds

Imo it's worth it to make arbitrage bets if you have a big bankroll to start with. I mostly do my arbitrage betting live when my pick for the day doesn't go well in my favor.

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Quote from: djordjamayna on March 21, 2017, 05:58:48 PM

I can get any of you a software where you will get daily lists of the bets. You put your desired amount, let's say 100 mbtc and it gives you link for both options and tells you exactly how much to bet. The tool is paid tho

is it satoshi signals ?? cause first of all they paused their service and currently not accepting new purchases
and based on the reviews 99% of their arbs include Powerbet , which make it super risky to arb + more than likely you have to verify your account in powerbet by sending a copy of your passport and a selfie of you holding that document

djordjamayna

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I can get any of you a software where you will get daily lists of the bets. You put your desired amount, let's say 100 mbtc and it gives you link for both options and tells you exactly how much to bet. The tool is paid tho

GenLock5

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I've looked for arbitrages manually, and used to do quite a bit of arbitrage betting. It isn't that hard to find considering there aren't any public bitcoin sportsbook scrapers out there, so it can be quite profitable. I have done probably near 20 BTC volume from arbitrage betting, and netted over 0.3BTC. It can be very profitable, but a mistake could cost you. I lost around 0.1BTC from my first arb because cloudbet showed a market, and the limit, but it wouldn't accept any bets on it.

What tools you use if its no secret? or you just look for directly on bookies? if this true i dont understand how do this without spend a lot of times

GenLock5

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Thanks,
just now try find this bookmaker on famous arbitrage software and they don't have it. If look for surebets manually - i agree its really hard and not worth it.

SyGambler

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it's possible to find arbitrage but it's really hard and kinda not worth the trying
some bookies don't tolerate arbs though , such as powerbet they had banned many accounts due to arbing but they have really high odds

GenLock5

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Hi,
Such a question i have some bitcoins and sometimes i use strategy arbitrage betting https://betting.betfair.com/what-is-arbing-arb-betting-explained.html or https://napalmbet.com/arbitrage-betting.html. Actually more for fun, than for money, because i'm afraid to invest large sums.
And I think maybe there are bookmakers that use bitcoins, and whether there are arbitrage opportunity between them, did anyone meet with such?

Topic: Arbitrage with bitcoins (Read 945 times)