Topic: Betting Arbitrage (Read 327 times)

Hello

You guys, should rather try to arb bookies BONUS which pay much more than match arbs but less often, I must admit.

Regarding gambling, the most efficient way to make money is to follow this simple rule:

- you must have a system that makes you win more than 50% of the time, preferably on a yearly basis
- you must always bet on a 2+ odd, ie if you bet 1€, your ROI must be 2€

A site like soccerstats.com will help you getting the figures you are looking for.

Regards

I have a suspicion that they're just reselling BitEdge's free alerts, which you can find here. The formatting is pretty much identical to what BitEdge sends out based off of the example ones that were posted and they were also found by BitEdge. They also cover the exact same range of sportsbooks. The service is likely not worth it, though I'm not willing to pay the subscription fee to confirm my thoughts.

actually almost all bitcoin books won't tolerate that , just check the comments in the threads you can clearly see that Fortunejack , Sportsbet and Betcoin don't tolerate multi accounting
so once you are limited there is a good chance they will get you in the future  or  get asked for KYC

This statement caught my eye. It is clearly very easy to create new accounts from different places with different IPs, devices etc and no KYC which is the primary reason that many arbers prefer crypto sportsbooks and exchanges.

Arbing works as long as you stick to legit sites, but it requires a big bankroll for decent profits.

they can't be 100% sure that you are arbing , but everytime you are betting big amount with a book that has the best odds for that selection you become suspicious
also real books have traders who sometimes won't notice that there is an arb opportunity , but they can easily check the prices in other books after you make the bet and they can be sure that they were offering an arb
 
books who limit don't care if you are arbing , even if you aren't arbing but just beating their starting price they will limit you ( that happened with me with 4 bitcoin books so far )
3 of these books limited me 2 or 3 years ago because of arbs , but the 4th one just limited me because I was beating their starting price and the max bet I had with them was like 300$

so unless you have ways to keep creating accounts everytime you get limited then arbs won't work really

You can't say there is no risk in gambling even if you are the programmer of the software that is used by the gambling site. Am sure the signal you are advertising is not free and there is not garrantee everyone who subscribe to your service will make it at the end because if such exist then the gambling site will not have money to pay for all the winners and that is the risk involved.

It's practically impossible to be caught doing it.

Unless these casinos are sharing information without your consent, matching bets with a name/IP address, then it is literally impossible to get caught.

I don't think I have heard a single instance where a person has been caught arbing on a crypto site (I'd love to see evidence to the contrary).

Either way, OPs post looks promising, always good to have a little side income. Though I do question what OP gets out of these signals.

Some sites/sportsbooks will also limit your account or even ban your account if they detect you're trying to arbitrage games, which is something you should be aware of before trying this out (and a big reason why I don't arb/stopped arbing). I've never really tried arbing on crypto-based sites before so I don't know how they tolerate it, but on fiat sites you'll usually get shut down really fast.

This is a pure gambling signal service. The term arbitrage is an attraction. Somehow op has planned to make a living out providing signals on sports betting. These days people are much aware about this signal services and they are keen in making their own decisions as they're risking their own money. He has mentioned this to be risk less earning which is quite attractive and misleading.

If you approach the arbitrage rates with a cold head, you can really earn money, but unfortunately the percentage of earnings is not very high. Also, do not forget that to make money on the arbitration rates should be very careful to choose a bookmaker, as some of these offices may not be quite honest. And one more thing - it's your time that you spend on this activity.

so far i see no user availed on his promtions so there is no proof if it is really working but i dont think that there is no such thing as making money no matter what is the outcome , like the op said   . buying a cooper membership wont also increase his trust  .


yes i agree on you but why there are still other users here that says arbitrage has no risk  ?  in this world everything has a risk imho , how much more in trading or gambling or on everything that money is involved

not really mate , books do shady stuffs a lot of the time and if you are just betting normal stakes then you can afford a voided bet unlike when you are arbitraging when sometimes you may stake your whole bankroll on a certain match
if one of your bets lost in one bookie while the other bookie voided your bet that won you will be on huge loss

it happens and you would be surprised how dirty books can be sometimes , here is an example recently when nitrogen voided a legit market ( after people raged on reddit and SBR they honored the bets tho )
https://bitcointalksearch.org/topic/nitrogen-voiding-valid-lines-claiming-line-was-obviously-bad-5176799

if you had an arbitrage bet and the winning part was on nitrogen you can easily bust a lot of money ( arbitrage betting is much more aggressive than normal betting so as I said sometimes people stake a large percentage of their bankroll )

also personally I had a bet on one of the Germany amateur matches , I divided my stake on fortunejack and sportsbet
same bet in both sites but sportsbet paid me my winnings while fortunejack voided the bet , the match was paused for a little of time then teams continued playing and the bet won
so even when betting same match and same outcome each bookie will act differently if something happened during the match
 

Arbitrage betting do works and many of the gambling sites and bookkeepers are okay with Arbitrage betting.
The only catch here is the profit as compared to the funds is very low. The profit is mostly below 1% and there are other risks involved.
Another issue is there is no surety about an open arbitrage window everyday and if you don't act quick, you may lose the arbitrage.
There are other factors like withdrawal fees of the exchange.

If this works so well as you claim, you should atleast afford the copper badge to increase your trust alittle on this forum. No experienced member would trust a newbie with neutral reputation and few posts.
Maybe give some stuff to few well-known members to test. if they work for them consistently then you will definitely attract large patronage.

I'm aware that Betting Arbitrage arbitrage has no risk at all, however, I'm also aware that it's hard to trust our money to other people to do this for us.
You are getting a subscription fee for this which I doubt normal, the fact that you know how to do this thing, you should already do this own your own and enjoy a big amount of winning.

Honestly, I'm rather pay for a premium pick in sports betting than paying for the subscription fee in betting Arbitrage as I haven't seen someone offers this kind of service in the forum that gain a lot of followers.

I don't think any bookie would ever allow this type of practice tbh, as this might result into a void of a winning bet for the most part. Also by arbitraging, you are already placing two bets in a single go, and if ever a bookie allows it, the profit would be ridiculously low on some events that it's not worth the time and the effort at all. Better to just go in a single bet and hope for the best than waste your time into betting two tickets in one go and risk your account getting banned.

Exactly that the words "gamble" and "no risk" dont belong in the same sentence
Careful of arbing Sportsbooks that have a "no arb" policy (yes some really do) because they might keep your BITCOIN

I partially agree with you here. Sportsbooks only void bets in certain cases(Match suspended, Player retired etc) and not because you placed an arb. They generally limit or ban arbers, but allow them to withdraw their winnings(Reputable sites like Bookmaker etc).

Op is clearly advertising something which everyone know and there are softwares out there(Rebelbetting, Betburger etc) to help with this which is why what he is offering is pointless.

One of the largest hedge fund busts ever was from risky arbitrage bets on certainties that had to pay off, a certain profit for everyone and the bank roll was billions.   It did work to start off but after some time the impossible happened and even with the knowledge and operative expertise of several Noble prize winners and other geniuses, despite many billions in backing from private, company and banking capital they still went bust.   It was so giant it was the direct predecessor to Lehmans, they assumed that their risks would always come their way eventually but it just got worse for them.    
  I realise you are talking on a much lower scale and sports not general market risks but the its same idea of its a certain win, unfortunately theres always risks and the more people force a profit the bigger it can fall over.    Its maybe ok if you take profits regularly and presume one day the betting firm just walks off with the account balance, which I believe is a possibility due to T&C and other arguments.  
   The example I'm referring to was LTCM if you want to look it up, a big deal in the 90's and of course we never learnt properly from it.  Their former legal council now writes books and gives interviews on the forthcoming multi national big bust cycle, by the name of Jim Rickards and its definitely relates to BTC which he mentions as part of the dollar system speculative economy.

As far as it is a way of making money, it much involved risk. There is “no risk” ways in gambling. If you are investing in bankrolling you are still taking risk as it is still very much possible to lose your money. I have decided never to subscribe to any of these too good to be true signal providers as it always end with story that it is not good to hear.

Betting arbitrage is for people who don't have a daily job,they stay before the computer all day long to find a bet that no matter the outcome it is always a win.You can be one of them but not all people are jobless and thus they don't have much time to follow your signals so this is a very difficult job to do even when someone sends us signals.

I think this is the time when you are going to evaluate yourself in your gambling strategies and how you are going to come up with the right formula for you. It's like trading, it's hard but somehow, you could make it work if you have the right attitude and risk assessment.

So you will have multiple signals in one bet? You included in your subject that it's Betting Arbitrage in which you could try to use multiple sports betting casinos and taking advantage of some spread. Isn't that right?

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I think the no risk involved is the part where you use the Arbitrage opportunity that you could have.

You are contradicting your own statement.

Mentioning sports betting is very risky while at the end your signals will sure returns with no risk involved.

Sports betting is not about signals. If you are good to it then better keep it to yourself and be rich.

But you already gave a background that betting won't give someone means to living and sustaining and you are selling a signal too. What is now the guarantee to make it a living with your signal 
Or it can only be better with your signal?

in a perfect world arbitrage betting indeed has no risk since you are betting all the possible outcomes and benefiting from the different odds in different sites
BUT almost all sites are against arbitrage bettors ( except few asian ones )  which means sometimes the books may void your winning bets so you end up losing

there used to be a similar bitcoin service called satoshi signals and it used to scan the books to find arbs , it lasted a month or 2 since it stopped due to lack of interest
at that time most of their arbs had a site called powerbet ( which scammed and closed long time ago ) and they didn't tolerate the arbs so they ended scamming some people or at least limiting them to bet only small amounts

in short arbitrage does exist , but it's really not worth it with bitcoin sites ( actually even fiat sites don't tolerate arbitrage bettors )

No risk? This word doesnt exist or doesnt fit out.

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