Has anyone here tried Gambling Arbitrage? - page 2.

tabas

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Quote from: Yatsan on March 31, 2023, 04:43:33 PM

Have been asked before if I'm not mistaken

I also remember that this has been asked before and a thread was made as well.

Quote from: Yatsan on March 31, 2023, 04:43:33 PM

I personally did not experience arbitrage betting but have a friend who already did. He even tried to encourage me at first but eventually he stopped it . According to him, it would be indeed profitable especially if you would be able to put the right margin between your bets on different platforms. Given that you'd bet on all possible outcomes, in such way it would be too costy, and for me that is an enough risk to avoid.Once you made the wrong calculation of odds, expect huge loss on your end. I'd prefer just playing it on the usual to avoid adding risks of losing. I believe this won't be hundred percent effective even if it is called "surebets", b

For those bettors that have large capital, I guess they have tried to do it and did it on several occasions but then just stopped because it requires a lot of effort and money. And you're right that with one wrong calculation, instead of profiting from arbitraging their bets on different bookies, they might just lose hefty amount of money since we're talking about different odds from these bookies.

Quote from: Yatsan on March 31, 2023, 04:43:33 PM

because if it really is, then many gamblers should be rich by now.

But will still try it back and if money is won easily, it will be taken and spent easily by them so they go back to their former state.

Yatsan

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Have been asked before if I'm not mistaken.I personally did not experience arbitrage betting but have a friend who already did. He even tried to encourage me at first but eventually he stopped it . According to him, it would be indeed profitable especially if you would be able to put the right margin between your bets on different platforms. Given that you'd bet on all possible outcomes, in such way it would be too costy, and for me that is an enough risk to avoid.Once you made the wrong calculation of odds, expect huge loss on your end. I'd prefer just playing it on the usual to avoid adding risks of losing. I believe this won't be hundred percent effective even if it is called "surebets", because if it really is, then many gamblers should be rich by now.

serjent05

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Quote from: Solosanz on March 31, 2023, 01:06:33 AM

Do you want to get banned from several sportsbooks? gambling arbitrage is not allowed in any sportsbooks because you're trying to find a loophole where you will always make money, gambling is risking your money to make money. It's better to gamble without need to think about find a loophole, if you want to maximize your profit, you can join a sportsbook promotions e.g. odds boost, risk free etc.

True, bookmakers are too wise to blacklist people who are arbitrage betting even though it isn't illegal at all. So I always avoid doing this kind of bet. Though there are processes to avoid to be detected by the bookmaker, it is best to avoid this kind of activity in order to save us from being capped or blacklisted by any sports bookmaker.

Somehow I think this is the reason why many people whine about being capped on their bets and just don't reveal that they had been caught exercising arbitrage betting.

Casdinyard

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I personally don't support any form of cheating the house to win games because that just takes the fun out of the games you play and makes you look like a fool while you're doing it too. And this is why I do not condone and go highly against gambling for profit, it just keeps you away from the fun part and pushes you to do stuff like these.

Plus, a lot of sportsbook and will have you banned from using their services and probably have you blacklisted as well from other sportsbooks if they find out you're doing gambling arbitrage. So just don't do it. The risks far outweigh the benefits you may get and you'd look like an idiot doing it at the same time too.

Yaunfitda

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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.

Right, that is the mechanics for a arbitrage, however, I haven't check how you can make money out of it.

Because for me, it's better to just bet one which you think you will likely to win.

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

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.

Might be but the thing is that most casinos will ban your account if they see that you are doing some form of arbitrage. We have read lots of scam accusations, in the past and if you see it, some of it are due to this arbitrage that casino's doesn't want to see it their platform as this is some kind of exploit to their system that they don't like.

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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 read a story in the past and it would require building up a certain array of connections, but there is a way to make profit from this sort of thing. However it probably requires a much larger scale and bank account than most people here have available. It's very hard to arbitrage things like football betting in Europe, as it is a very competitive market, however if you watch the odds movement on things like horse racing you might start to think there is the ability to profit in that game - if you are able to calculate and look across many bookmakers at the right times. It's a very simple profit calculation, so you either find a bet where it works, or you don't - outside of these much higher odd sports, I haven't seen this sort of arbitrage possibility after looking at many options.

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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.

Arbitrage gambling hurts bookies and real gamblers shouldn't engage in it. Well since we aren't talking about right or wrong here, let's hit the nail on the head.

Arbitrage gambling is highly profitable because it takes advantage of the loopholes made by the bookmakers. However it is only for experienced gamblers because it involves a high risk level.So you have to choose a sport with a large number of games/ matches taking place within the period of the competition. Football, Tennis, baseball are all typical examples.

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I know of people who are doing it, or at least were doing it already back in 2017-18. It's a large organization in the EU that pays people to make and age accounts on a number of bookies at the same time.
Their employees get x amount of money, for instance 50 EUR per site they register, deposit, claim all bonuses and play for a while. The longer they manage to play, the better. They are given burner phones to use with the accounts and either KYC with their own name, or fake credentials. Once the account is aged for a few weeks, they get money from the organization and are told what to bet on.

The company is involved in all kinds of shady gambling like fixed matches, influencing odds, arbitrage, even money laundering, but you as a "mule" only handle 1% of the total sum, which doesn't look suspicious. After all, you have only 1k EUR or something like that, but the boss is betting 100k.
The job pays well. They're getting a % of the won amount for themselves and never have to bet their own money, although it's allowed if they want to.

sunsilk

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I've heard of the idea even before but never tried it because I have never done it. Most casinos might even track you down for doing so and they can detect that you're doing it.

Quote from: len01 on March 31, 2023, 10:34:20 AM

yep, it's true that arbitrage is often carried out in sports betting by taking advantage of the odds from several sportbooks to get a definite outcome.
but you better reconsider if you want to learn this strategy, this is very risky on your account.

And it's rare to see that this is possible to be made and that's why for most of us here. It's either never done it or never heard of it because there's no way that it can done or close to it like just having little chance of doing it.

RapTarX

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I guess most of the bookies don't allow you to arbitrage bet. You may have some trick to bypass them but if you aren't applying that trick, you will get banned most likely. You can check out the scam accusation board. There are a lot of scam accusations from different players but I'm sure that most of them abused the casino by having arbitrage bets. Though a casino has no way to detect that, FYI, providers can easily identify and confiscate your winning.

YOSHIE

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

I have studied about arbitrage betting, the problem is in the quote below.

Quote

This arbitrage betting system has been used for a long time by professional bettors because it is 100% safe without the slightest risk of losing. The only drawback of this system is that it requires large capital to be divided between several different accounts.

Secondly, it requires large capital to be divided into several different accounts. The greater the capital we have, the greater the percentage of wins.

Next arbitrage betting from the statements of experienced people, he said.

Quote

Although it looks very promising and indeed super promising but in practice it is very difficult. Maybe out of 100 people, no more than 10 people succeed because this system is really busy and complicated.

From my understanding and what I learned about arbitrage betting, it's not a level bet per gambler like us, arbitrage betting is often used by the football mafia, so if we really don't understand arbitrage betting and enter the football mafia club, our bets are in vain, wins and losses are set, forget about arbitrage betting, do football betting as you know, thinking strange can produce strange values.

Cling18

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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.

Yes, it is illegal in some sportsbook but some gamblers still maximize their profit through it but not everyone could do it because first, you have to spend most of your time monitoring the odds and researching about the capability of players. Also, you would be needing a bigger capital since you will bet on two bookies. I agree that this strategy has a lower risk but it will be a big loss if casinos would track and ban your gambling activities.

len01

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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.

maybe some people will judge this betting strategy as having a low risk, even though this is one of the very risky strategies when you are detected doing arbitrage which allows you to be banned and your funds confiscated. arbitrage may be very profitable but it's like a waste of time when you're just learning this strategy and definitely big capital is required.

yep, it's true that arbitrage is often carried out in sports betting by taking advantage of the odds from several sportbooks to get a definite outcome.
but you better reconsider if you want to learn this strategy, this is very risky on your account.

Merit.s

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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.

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Quote from: Solosanz on March 31, 2023, 01:06:33 AM

Do you want to get banned from several sportsbooks? gambling arbitrage is not allowed in any sportsbooks because you're trying to find a loophole where you will always make money, gambling is risking your money to make money. It's better to gamble without need to think about find a loophole, if you want to maximize your profit, you can join a sportsbook promotions e.g. odds boost, risk free etc.

You can make a lot of bets in just a single game that allowed most happens with the sportsbook there are alot of options right there for example in e-sports first 10 kills, winners game, and also the first kills so there's nothing wrong with the arbitrage this just gives an option to the player where to bet unless they made a script that by pass the system, this just a strategy of the players to get a chance of winning but not as take with the abuse of the current system. In my opinion its way too risky than taking profit with other games unless you really know the player and the team will in the match.

Mr. Magkaisa

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- As far as I know that is not allowed in crypto gambling especially in sportbook mate, why did you ask that? because that method is really an illegal technique, although you can earn a lot there, that's why it's really illegal.

Then it's different and it's still nice to gamble that we're happy and that winning big should be second only to us gamblers so that it doesn't hurt our feelings if we lose.

alastantiger

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Arbitrage gambling is less risky and profitable but unacceptable by bookmakers because it involves trying to manipulate the market.
It takes lots of times and the profitabilities are against the odds for possible wins as the price can easily be changed or cancel the game by the bookmaker once they sense any mistake.
No bookie will make arbitrage legal to them knowing the possibilities of gamblers winning regardless of the time and efforts involved.

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Quote from: elevates on March 31, 2023, 08:32:10 AM

At the moment I am only doing research on arbitrage I have never said that I will start doing it straight away.

I have actually studied and researched about arbitrage betting for a long time but only tried it a few times. After I learned about the opportunities and how arbitrage betting works I decided to stop trying it and will never do it again.
If indeed you are curious and want to try what results you can get, then try it once in a while to treat your curiosity and gain experience from arbitrage betting.
I'm not saying this bet is bad, but if the gambler doesn't have a mentality and can't hold back his emotions, it's better to avoid this betting method, especially if you don't have a spare balance to bet on.

elevates

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Quote from: Solosanz on March 31, 2023, 01:06:33 AM

Do you want to get banned from several sportsbooks? gambling arbitrage is not allowed in any sportsbooks because you're trying to find a loophole where you will always make money, gambling is risking your money to make money.

At the moment I am only doing research on arbitrage I have never said that I will start doing it straight away.

Quote from: OgNasty on March 31, 2023, 03:15:59 AM

I’ve done this when live betting on sporting events. Basketball games especially can have wild swings in the score early in a game. It isn’t uncommon to have the ability to live bet when the odds change so that you are a winner no matter what the outcome is.

Basketball is a problem for me as I have zero knowledge about this game. I am very much into cricket and soccer still I can work on understanding the game. Thanks for sharing your experience.

Still looking for someone to share their experience or if they know anyone who has been in this field. Can you please my question and reply to this thread?

Yogee

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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.

Bet a higher amount since the net percentage is already low as you mentioned. How else can you profit more?

Quote

Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on?

Which sport or event isnt't that important anymore when doing arbitrage. Of course it's advantageous if you know the rules of the game but what you should really focus on is the movement of odds. You also have to make sure you're betting on different providers. It's not usually allowed in one sportsbook as others have said already.

Topic: Has anyone here tried Gambling Arbitrage? - page 2. (Read 337 times)