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Topic: Bitcoin arbitrage betting - page 2. (Read 1417 times)

legendary
Activity: 1946
Merit: 1007
May 15, 2017, 03:32:24 AM
#4
It's really hard to make an arbitrage on sports betting , simply because most of the bookies take their odds from the same source, and even if you were able to find a bookie who takes their odds from different website, it would be pretty hard to make an arbitrage since most of them are charging huge house edge which will kill your profits.

I think that if you are looking to have any profit made from arbitrage u should try to do that with bitcoin markets which are much easier to track and to arbitrage.


Using the different markets is often not as easy as it sounds. Transfering bitcoins and USD across platforms can be expensive and slow, making the arbitrage that much more difficult.

There have been examples of great arbitrage options for sports betting. It should be possible to that with bitcoin as well.
sr. member
Activity: 476
Merit: 259
May 15, 2017, 02:30:08 AM
#3
It's really hard to make an arbitrage on sports betting , simply because most of the bookies take their odds from the same source, and even if you were able to find a bookie who takes their odds from different website, it would be pretty hard to make an arbitrage since most of them are charging huge house edge which will kill your profits.

I think that if you are looking to have any profit made from arbitrage u should try to do that with bitcoin markets which are much easier to track and to arbitrage.
legendary
Activity: 3346
Merit: 1914
Shuffle.com
May 15, 2017, 02:15:00 AM
#2
Hey,
Is there any arbitrage betting alert service that scans Bitcoin bookies? (Nitrogensports, Cloudbet, etc..)
Thanks.
Afaik there was someone here before selling a tool for arbitrage betting where you could see all the odds from different bitcoin bookies.
The user only put up his tool for sale for a limited time and the tool was also called satoshi signals if i'm not mistaken. You could try looking it up if you want.
newbie
Activity: 1
Merit: 0
May 12, 2017, 04:55:00 PM
#1
Hey,
Is there any arbitrage betting alert service that scans Bitcoin bookies? (Nitrogensports, Cloudbet, etc..)
Thanks.
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