You just have to be very careful, when you are doing this. Some casinos are sharing the same odds providers and I have seen cases where the IP addreses and/or Mac addresses of the devices were matched and the accounts closed for arbitrage betting.
Casinos also quickly pick up when you are beating the system and they will counter with restrictions on your account (limiting) or they will just lock or block the account, based on the severity of your actions.
This is bad, when they have a VIP ranking system and you reach a high VIP level and then your account gets locked.
Again. This is ONLY for US regulated sportsbooks. I am not saying anything on books outside the US or crypto sites. So no they're not tracking IPs across sites. But yes they can close you for arbitraging but its not like they can just steal your money.
It sounds easy and by the books it's possible but if I'm going to do the actuality, I'm expecting that there will be some mishaps and it won't really be 3%-5% having that thousand of bankroll everyday.
As for you Tim, it's best to prove it to us and like giving some stats and updates if that's not bothering you on a daily basis or even weekly. That's going to make it interesting.
I know that arbitrage still works but proving that to myself makes me wanna go off from it.
No thats not what I was saying. I am saying 3-5% of your total bet on a given arbitrage bet. You're not going to use every dollar you have and be able to play unlimited bets. The sites can limit your bets so you may only be able to bet $1k on a given market, so you're looking at 3-5% on that.
I'm going to hold back for now but the way the OP is selling his system sounds pretty scammy to me. If it's so easy to have an ROI of between 3 and 5% per day, let's say 4%, multiplied by 30 days average of a month a 120% monthly return. But if we dig a little we will see that it is nowhere near as easy as the OP paints it, and khaled0111 and others have explained it well.
All these systems that sound so wonderful are usually good only to fill the pocket of the one selling them.
I knew this thread would be tough to post on a crypto forum...
A crypto forum but where many of us have been betting for over a decade, as well as knowing finance, statistics and scams.
The reason I mention a crypto forum is because I don't do this method on crypto gambling sites because they're not as trust worthy imo. Also I am in the US, so this method isn't viable to some one outside of the US.
I have a free sportsbetting hedge guide you can check out on the site, or a free youtube video here:
https://www.youtube.com/watch?v=UWJ6JGgIp4EOr just go on youtube and type in something like "How to arbitrage sports bet" and click on a video with a lot of views.
Also, never said this was 100% risk free, you have to watch lines for 12 hours to get a full days worth, and many other risky elements that you would learn in my guide.