Has anyone here tried Gambling Arbitrage?

milewilda

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Quote from: elevates on March 30, 2023, 10:00:55 PM

As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time.

I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities.

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.

Gambling Arbitrage is never that something new, its been done by some but bookies or platforms arent that dumb not to notice on what you are doing.This is why we do see locked up accounts and winnings or withdrawals been hold because of this very reason.This is why its not really something recommendable but for sure there are still gamblers who are doing this but not yet caught under the radar.
Its possible because checking out odds and trying out to analyze whether you would be profiting even if its just small or slim but still making some assurance.
These businesses wont really be looking it for it to be that appealing.

Zackgeno96

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Surely there are many people on the forum who have used this. And I don't exclude the possibility that there are still people who still use this. But bookmakers don't sleep either and have adapted their policy to this over the years. I can remember from the past that bookmakers also acted against this, you could label it as a legal way of cheating. You might still be able to earn a little money here and there, but the biggest problem with this technique is that you quickly run into limits. And then you are automatically gambling.

Johnyz

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Heard about this strategy before but upon learning how it works and how you can do it, I decided not to try since there’s still a risk and the possible profit is not that high for a small time bettor there’s also a chance to lose more than what you can make money since you’ll bet more and the result is only one especially in sports betting. If you are into sports and soccer, then you can easily understand that but if not then better to look what is ok for you than to follow the crowd.

Wakate

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Quote from: elevates on March 30, 2023, 10:00:55 PM

As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time.

I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities.

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.

I think I would prefer going for soccer although I don't know the level of risk one will be taking to take part in this kind of gambling but I know that soccer has it own risk but can not be compared to the ones I don't have idea on. If I select an outcome at random and the result is different from what I picked, would that be the level of risk I will be taking, losing the fund for the bets? This is my first time seeing arbitrage kind of betting but no matter what op had explain, I will try as much to make some research about it so that I can earn also. This may be interesting to some people but I see it as same with our usual method of betting.

DoublerHunter

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Quote from: dothebeats on April 01, 2023, 03:40:11 PM

When crypto bookies were starting a few years back, you could have done this and get away with it. Now, you'll be blocked almost immediately once they noticed that you're doing this and you'll never get your funds back. They are not lenient with this matter anymore because a lot of people have won a lot from doing just this. They are against people winning against them, and arbitrage betting is one way to beat the books. My advice: do it with a friend if you really want to try it. At least, there is one layer of obfuscation (obviously not enough to fool the bookies) for you to just get a feel of it.

^ That is right and if you do decide to try arbitrage betting, doing it with a friend can be a good way to minimize the risk. Just make sure that you both understand the possible pitfalls and are prepared to deal with them. I think the reason could be is to possibly that sportsbooks are in the business of making a profit, and they are always looking for ways to maximize their revenue it could some of them threaten arbitrage gambling as a way of cheating. However, for gamblers, though it is risky but, arbitrage betting can be a way to generate significant profits.

livingfree

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Quote from: elevates on April 01, 2023, 09:15:29 AM

I have found multiple platforms wherein there is a difference in odds on IPL. As per my understanding, I have to place a bet on both platforms but if I place a bet on the first platform namely 1 and on team 1. Then I go ahead and place a bet on the second platform namely 2 on team 2. I did check the odds and found that the odds were different on both platforms.

Then how on earth will they find I am the same guy if the platforms do not do KYC in the beginning? If they as for KYC while withdrawing and If I use multiple verification IDs can they be able to still detect me? All my questions are based to find out how some gamblers can utilize this loophole as I have found multiple loopholes within the online casino system while I was doing my research.

If they have different odds, does that mean that they have a different provider right? I doubt it that they'll be able to see who's behind with both bets since it's from two different platforms.

And as for KYC, that won't matter to them as long as they require it and you obliged then that's not a problem. You're right with that they can't find it out so if someone tries to gamble arbitrage, that's a matter of choice but be sure to understand the risk as well.

dothebeats

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When crypto bookies were starting a few years back, you could have done this and get away with it. Now, you'll be blocked almost immediately once they noticed that you're doing this and you'll never get your funds back. They are not lenient with this matter anymore because a lot of people have won a lot from doing just this. They are against people winning against them, and arbitrage betting is one way to beat the books. My advice: do it with a friend if you really want to try it. At least, there is one layer of obfuscation (obviously not enough to fool the bookies) for you to just get a feel of it.

Fivestar4everMVP

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I have never tried gambling arbitrage, and I didn't even understand fully, what it means until today.
One thing I am very sure about in betting is that, the lower the risk margin, the lower the profit, but the higher the risk margin, the higher the profit, this analogy is not peculiar to gambling alone, we can find this working in trading, as well as other arms of investments..

When the risk of loosing your money is very low, then be sure that the profit (just incase you win) will be very low as well, in gambling, the level of risk one is willing to take, contributes greatly to the level of reward such a person receives..
This is my understanding of how risk and profit works, and if there be anything different in this with gambling arbitrage, I will be reading comments from other users to learn it.

death69

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Quote from: SirLancelot on April 01, 2023, 09:16:01 AM

Quote from: adzino on March 31, 2023, 09:34:10 PM

I've heard about gambling arbitrage too, and it does sound very interesting and intriguing. But the thing is, you got to be super careful and do a ton of research to find the right opportunities. It's not an easy task, and it can be pretty time consuming, so you need to be patient too. And you got to also remember that arbitrage isn't foolproof, and it might end make making you lose everything. If it was foolproof, everyone would be doing this and never lose money in sports betting. And don't forget, you risk yourself getting blacklisted!

So why will the betting site blacklist you if it isn't foolproof? I think by the time this strategy came out, many people have been trying this and that have affected the sales of the betting sites. That is why they are now blacklisting users and only a few have now attempted of doing it.

Arbitrage betting can be similar to arbitrage trading so one must act quick before the odds in the market change but unlike in trading that trades are processed quickly, sports betting are still being played carefully by the teams or the players. This is where we need patience. It can be intriguing or interesting but if we are not skilled enough or willing to take big risks, better if we will not attempt this strategy.

Arbitrage betting is like walking through a minefield with a blindfold on. One misstep, and you could be blown to smithereens. Many betting sites have safeguards in place to prevent arbitrage betting, which should make you think twice before diving in headfirst.

Furthermore, due to the inherent unpredictability of sports, successful arbitrage betting necessitates an expert degree of skill and knowledge. It's like attempting to predict the stock market: you'll probably be wrong most of the time.

However, if you have the willpower to learn everything you can about arbitrage wagering, you can turn a profit. But tread carefully, as if you were playing Russian roulette or walking on thin ice with a hungry polar bear close.

Agbe

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Quote from: Merit.s on March 31, 2023, 10:31:08 AM

Sport bookers has confirmed this kind of bet as cheating and you can be penalised for arbitrage gambling by account ban. To use this kind of strategy it needs proper research and skill on every game that you stake on. It also waste time but if you can understand it then you should know if the casino platform that you are gambling on discourage it or not. Why are you anxious to have the knowledge on this ? Be careful with your gambling life so that you don't run into great loss.

Why is it that sportbooks makers have confirmed it as a cheating method of betting yet they the sportbooks makers set the sporting events for the arbitrage betting. That means they are also benefiting from the betting strategy. Because nobody does what they are not benefiting. I see arbitrage betting as farming of bet. But when the gambler loss, he loss greatly and when he wins, he wins big. And all depends on the research and approach used by the bettor.

virasisog

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Quote from: elevates on April 01, 2023, 09:15:29 AM

I have found multiple platforms wherein there is a difference in odds on IPL. As per my understanding, I have to place a bet on both platforms but if I place a bet on the first platform namely 1 and on team 1. Then I go ahead and place a bet on the second platform namely 2 on team 2. I did check the odds and found that the odds were different on both platforms.

Then how on earth will they find I am the same guy if the platforms do not do KYC in the beginning? If they as for KYC while withdrawing and If I use multiple verification IDs can they be able to still detect me? All my questions are based to find out how some gamblers can utilize this loophole as I have found multiple loopholes within the online casino system while I was doing my research.

Some casinos can track your Ip address but I don't think most of them will exert an effort to track their bettor's activities. It's an easier way to maximize our gains but risky at the same time.
You will also be needing a higher bankroll since you will be having multiple bets. You need a bigger capital to pursue it and you also need enough courage since you will also be taking a bigger risk.
There's a possible banning so arbitrage is only perfect for risk-takers. I haven't tried it so far but I've heard from some colleagues that they are really making money through this strategy.

SirLancelot

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Quote from: adzino on March 31, 2023, 09:34:10 PM

I've heard about gambling arbitrage too, and it does sound very interesting and intriguing. But the thing is, you got to be super careful and do a ton of research to find the right opportunities. It's not an easy task, and it can be pretty time consuming, so you need to be patient too. And you got to also remember that arbitrage isn't foolproof, and it might end make making you lose everything. If it was foolproof, everyone would be doing this and never lose money in sports betting. And don't forget, you risk yourself getting blacklisted!

So why will the betting site blacklist you if it isn't foolproof? I think by the time this strategy came out, many people have been trying this and that have affected the sales of the betting sites. That is why they are now blacklisting users and only a few have now attempted of doing it.

Arbitrage betting can be similar to arbitrage trading so one must act quick before the odds in the market change but unlike in trading that trades are processed quickly, sports betting are still being played carefully by the teams or the players. This is where we need patience. It can be intriguing or interesting but if we are not skilled enough or willing to take big risks, better if we will not attempt this strategy.

elevates

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I have found multiple platforms wherein there is a difference in odds on IPL. As per my understanding, I have to place a bet on both platforms but if I place a bet on the first platform namely 1 and on team 1. Then I go ahead and place a bet on the second platform namely 2 on team 2. I did check the odds and found that the odds were different on both platforms.

Then how on earth will they find I am the same guy if the platforms do not do KYC in the beginning? If they as for KYC while withdrawing and If I use multiple verification IDs can they be able to still detect me? All my questions are based to find out how some gamblers can utilize this loophole as I have found multiple loopholes within the online casino system while I was doing my research.

jostorres

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Quote from: molsewid on March 31, 2023, 07:44:39 AM

Quote from: socks435 on March 31, 2023, 01:49:41 AM

Gambling arbitrage is rare but if you found an opportunity then grab it. Keep in mind that gambling arbitrage won't make a big proift without a big amount of capital and choosing what sports you should bet my guess is also soccer.

Yes it is kinda rare because it requires a lot of time and money. Arbitraging is quite known in trading I rarely heard that my friends are using that kind of strategy. And I think it will cost some as well? because there will be fees or gases when you will try to send it to other websites. So I rather make a multiple bets on different teams rather than arbitraging in another sites, I don't want to lose more money.

Money isn't the thing in question since you can do that with any amount of money as long as the bookie allows you to bet with it, but time is the main thing when you go for arbitrage betting because you will need to do a lot of research to find out different bookies allowing to bet on the same matches, and then analyze the odds to find out the best two bookies where you will place your bets.

And you won't really lose money if you have done the research carefully and evaluated all the things and situations including fees and stuff. The only thing you need to be careful about is that the bookies don't suspect it or you could get in trouble and the money used will probably be confiscated.

Wexnident

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Never tried it. I do know about it, but simply because it was too tedious and too much effort was required, plus the fact that you can only really get small amounts (depends on your bankroll really), it wasn't that enticing. Not to mention my sports gambling experience itself was for fun, not really for the money.

I reckon it'd be easier to do with bots and scripts though, can probably make one given enough time but I'd much rather design stuff than do headache inducing programs like that.

Jawhead999

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Quote from: tusandii on April 01, 2023, 04:46:11 AM

Maybe it's easy for you to say using two different gambling platforms to bet in the hope of getting bigger odds but I don't think you can do it that easy.
Everyone has calculations, friends, so you can't do everything you want in betting just to get a bigger profit because there are risks and capital that must really be accepted and prepared.
If you want to get a high enough betting limit, you don't need to use arbitrage because by betting alone on the best sportsbook, you can get high limits.

Because gambling arbitrage work easy as that, almost of crypto casinos are have similar odds because they're using same provider, the only difference usually around +- 0.01x - 0.03x. Online fiat casino sometimes have different odds, the difference is quite higher, so you can take advantage over it.

No doubt a big casino which have huge bankroll, we can place high amount bet. But sooner or later if you're keep winning, the casino will give limit on your account.

tusandii

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Quote from: ralle14 on March 31, 2023, 07:17:48 PM

The betting events don't matter as much aside from the betting limits. If you want to increase your profit then you need to find better odds and one way to do that is to register in different bookies and betting exchanges until you find the best odds on both sides. Another alternative is to look for promotions as there are decent promotions where they'll offer boosted odds and you can use that opportunity to do an arbitrage bet but the betting limit aren't that high though.

Maybe it's easy for you to say using two different gambling platforms to bet in the hope of getting bigger odds but I don't think you can do it that easy.
Everyone has calculations, friends, so you can't do everything you want in betting just to get a bigger profit because there are risks and capital that must really be accepted and prepared.
If you want to get a high enough betting limit, you don't need to use arbitrage because by betting alone on the best sportsbook, you can get high limits.

adzino

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Quote from: elevates on March 30, 2023, 10:00:55 PM

As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time.

I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities.

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.

I've heard about gambling arbitrage too, and it does sound very interesting and intriguing. But the thing is, you got to be super careful and do a ton of research to find the right opportunities. It's not an easy task, and it can be pretty time consuming, so you need to be patient too. And you got to also remember that arbitrage isn't foolproof, and it might end make making you lose everything. If it was foolproof, everyone would be doing this and never lose money in sports betting. And don't forget, you risk yourself getting blacklisted!

alegotardo

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Quote from: elevates on March 30, 2023, 10:00:55 PM

As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time.

I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities.

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.

In fact, the opinions you've received here seem to be quite controversial, as...
If it is so difficult to make money from arbitrage in gambling, it takes a lot of time and money and the profit is very uncertain... then why do bookmakers hate this type of users and even ban them when they detect this practice?

I confess to you that I was already quite fascinated by this, but since traditional trading I have never been able to make any profit with arbitrage, in fact it is something difficult and "not recommended" in any casino.

There are some sites "specialized" in this, but in addition to being risky to trust them, your profit margin, which is already small, ends up getting even smaller.

The best thing is that you look for another way to earn money in games of chance.

ralle14

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Quote from: elevates on March 30, 2023, 10:00:55 PM

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.

The betting events don't matter as much aside from the betting limits. If you want to increase your profit then you need to find better odds and one way to do that is to register in different bookies and betting exchanges until you find the best odds on both sides. Another alternative is to look for promotions as there are decent promotions where they'll offer boosted odds and you can use that opportunity to do an arbitrage bet but the betting limit aren't that high though.

Topic: Has anyone here tried Gambling Arbitrage? (Read 323 times)