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Topic: SatoshiSignals: We'll be closing the service for now... - page 3. (Read 4205 times)

legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
how would powerbet know that you did an arbitrage bet?

If you always bet weird numbers (ie 192.38 mBTC, 49.29, 58.11, 182.34), always using the markets that their odds are quite different than other sites, always depositing, making 1 bet and instantly withdrawing after the bet settles, betting on a large variety of small leagues. They might also purposely increase the odds of something to create an arbitrage, as a trap. Maybe they'll buy CryptoBettingSignals' service and see who bets on the PowerBet arbs given by their site.

There's quite a few ways of them finding out.

ok understood, thx

what is your opinion about their service here?

legendary
Activity: 2772
Merit: 3284
how would powerbet know that you did an arbitrage bet?

If you always bet weird numbers (ie 192.38 mBTC, 49.29, 58.11, 182.34), always using the markets that their odds are quite different than other sites, always depositing, making 1 bet and instantly withdrawing after the bet settles, betting on a large variety of small leagues. They might also purposely increase the odds of something to create an arbitrage, as a trap. Maybe they'll buy CryptoBettingSignals' service and see who bets on the PowerBet arbs given by their site.

There's quite a few ways of them finding out.
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
While PowerBet does not steal deposits, they do void your winnings, and essentially freeroll you. Let's say you have an arbitrage with odds 2.02 and 2.02. One bet is on PowerBet, and that bet wins. PowerBet realizes your arbitrage betting, and voids your winnings. If you bet 200 mbtc on each side, you are left with only 200 mBTC.

It's basically the same as stealing your deposit, as you rely on the winnings from your bet to cover the losses from your bet on the other sportsbook.

how would powerbet know that you did an arbitrage bet?

legendary
Activity: 1344
Merit: 1251
Ok I'm definitely interested.

Though using powerbet too much might be a bit risky IMHO
They have a strict policy concerning arbitrage betting xD

PM sent
member
Activity: 96
Merit: 10
goo.gl/9jGNC2
As far as I understand, this site offers some work done for money which is sort of like people on Wall Street in the films. I'd say it is risky and you need to be a professional in this stuff to become good. What reasons do we have here to think the site owners are good in this? And 30%+/Month sounds scammy, honestly. Have you  got any evidence about people who invested and really got what you promised?

Hello,


This is what we offer:

Arbitrage betting signals from Bitcoin based betting sites.


That's it.


Arbitrage is essentially buying high and selling low, but in this context with betting.

We tell you when these opportunities exist.


No need to be a professional, you just need to be able to place bets.

We will walk you through everything.


Proof that 30%+ can be made a month?


You can inspect the printscreens and videos we have posted.

These show valid opportunities to make risk-free (arbitrage) profit by taking advantage of the difference in the way odds are priced across different betting sites.

You can even verify with the respective betting sites that these opportunities did indeed exist.


Several members here have purchased a subscription or have received vouches.


Let me know if you have other questions!


Best regards
full member
Activity: 205
Merit: 100
I bought the 1 week trial.
I will try this for 1 week with a 0.5 btc bankroll, i'll give my opinion on this thread.
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
As far as I understand, this site offers some work done for money which is sort of like people on Wall Street in the films. I'd say it is risky and you need to be a professional in this stuff to become good. What reasons do we have here to think the site owners are good in this? And 30%+/Month sounds scammy, honestly. Have you  got any evidence about people who invested and really got what you promised?
member
Activity: 96
Merit: 10
goo.gl/9jGNC2
Great Day for Cloudbet/Betcoin/Ebettle 4.35% Guaranteed
member
Activity: 96
Merit: 10
goo.gl/9jGNC2
Nice and safe 4.3% Betcoin/Fairlay Arb Opportunity.

member
Activity: 96
Merit: 10
goo.gl/9jGNC2
While PowerBet does not steal deposits, they do void your winnings, and essentially freeroll you. Let's say you have an arbitrage with odds 2.02 and 2.02. One bet is on PowerBet, and that bet wins. PowerBet realizes your arbitrage betting, and voids your winnings. If you bet 200 mbtc on each side, you are left with only 200 mBTC.

It's basically the same as stealing your deposit, as you rely on the winnings from your bet to cover the losses from your bet on the other sportsbook.

I agree somewhat.

Though Powerbet does not systematically void (note that none of my customers has had a voided Powerbet arb).

So, if customers only place a small percentage of their overall bank on Powerbet, and reinvest their earnings, the expected profit should be positive (based on our experience).


legendary
Activity: 2772
Merit: 3284
While PowerBet does not steal deposits, they do void your winnings, and essentially freeroll you. Let's say you have an arbitrage with odds 2.02 and 2.02. One bet is on PowerBet, and that bet wins. PowerBet realizes your arbitrage betting, and voids your winnings. If you bet 200 mbtc on each side, you are left with only 200 mBTC.

It's basically the same as stealing your deposit, as you rely on the winnings from your bet to cover the losses from your bet on the other sportsbook.
member
Activity: 96
Merit: 10
goo.gl/9jGNC2
I am really interested in it, but I wanted to try it first before buying it. Hence, all these questions and criticisms based from the review and what I read from it. Can you offer a trial week or days, so I can test out the service first? I might not be using a lot of money in the beginning because I want to test it out first. So I don't think I'll get back what I paid for the service that is why I want to try it first.

PM sent.
hero member
Activity: 756
Merit: 505
I am really interested in it, but I wanted to try it first before buying it. Hence, all these questions and criticisms based from the review and what I read from it. Can you offer a trial week or days, so I can test out the service first? I might not be using a lot of money in the beginning because I want to test it out first. So I don't think I'll get back what I paid for the service that is why I want to try it first.
staff
Activity: 3220
Merit: 576
Join the world-leading crypto sportsbook NOW!
I think Arbitrage betting is for long term investor that have a lot of funds to make full use of the low margin profit, it really needs a lot of patience to see your base investment increase slowly, and this method might not suit some player that aims for fast big profit in a short period of time, but over the long run, I think this method could get you some nice profits into your pockets.
member
Activity: 96
Merit: 10
goo.gl/9jGNC2
This is a really expensive service you are offering and there is really no guarantee that we would be able to place this bets since the odds usually change within minutes. Maybe you should lower the prices as its really steep. Also, I don't see any vouch yet for the service, I am not sure if it is truly worth the money to buy your service.

Hello,


Odds typically take around 20 minutes to change.

Monthly price is based on the fact that even someone with $200 would make far more than the monthly price costs, if they reinvested their earnings and placed arbs every day (many opportunities available).





From what I read though, your arbitrage opportunities tend to be just below 1% and even down to 0.3% which is small if looking at a per game basis, though if there is really a lot of opportunity it might look promising, however since these bets don't have result immediately after placing bets and we have to wait for the games to finish then that means the funds gets locked into those arbitrage opportunities and not really able to bet on another one. Then another concern is that the service uses sports books that are very sketchy and scammy, which kind of discouraging if a customer don't want to use those sportsbooks.

Hi,

The average arbitrage opportunity so far is 3%.

You can literally ignore all the arbs <1% every day, and be confident that you can place a dozen arbs at 2%+ minimum.

Our paying customers have never complained about low arbitrage percentage.

Because our arbs are the highest available on any betting market.



Most of the arbitrage opportunties come from: Fairlay, Cloudbet, Powerbet.


Fairlay is just an exchange that matches bets between bettors.

It is longstanding and well trusted in this community.


Cloudbet is also well established and trusted, you may see a review on this site, ranking Bitcoin sportsbooks:

https://www.bitedge.co/bitcoin-sportsbook-reviews/cloudbet-sportsbook-review/


Powerbet so far does have an aggressive policy towards arbitrage bettors, but has never stolen a deposit.

It is trusted.


And our customers use the site everyday to place arbs.

It only requires care.


All sites we include have proven to be reliable and trustworthy.


There are books we initially used like Anonibet that have now been removed due to their sketchiness.


Given that some events happen on different days, we recommend splitting up stake (amongst other reasons), to avoid locking in funds for long periods of time.]


Let me know if you have other questions,


Regards
hero member
Activity: 756
Merit: 505
This is a really expensive service you are offering and there is really no guarantee that we would be able to place this bets since the odds usually change within minutes. Maybe you should lower the prices as its really steep. Also, I don't see any vouch yet for the service, I am not sure if it is truly worth the money to buy your service.

Hello,


Odds typically take around 20 minutes to change.

Monthly price is based on the fact that even someone with $200 would make far more than the monthly price costs, if they reinvested their earnings and placed arbs every day (many opportunities available).





From what I read though, your arbitrage opportunities tend to be just below 1% and even down to 0.3% which is small if looking at a per game basis, though if there is really a lot of opportunity it might look promising, however since these bets don't have result immediately after placing bets and we have to wait for the games to finish then that means the funds gets locked into those arbitrage opportunities and not really able to bet on another one. Then another concern is that the service uses sports books that are very sketchy and scammy, which kind of discouraging if a customer don't want to use those sportsbooks.
member
Activity: 96
Merit: 10
goo.gl/9jGNC2
This is a really expensive service you are offering and there is really no guarantee that we would be able to place this bets since the odds usually change within minutes. Maybe you should lower the prices as its really steep. Also, I don't see any vouch yet for the service, I am not sure if it is truly worth the money to buy your service.

Hello,


Odds typically take around 20 minutes to change.

Monthly price is based on the fact that even someone with $200 would make far more than the monthly price costs, if they reinvested their earnings and placed arbs every day (many opportunities available).



hero member
Activity: 756
Merit: 505
This is a really expensive service you are offering and there is really no guarantee that we would be able to place this bets since the odds usually change within minutes. Maybe you should lower the prices as its really steep. Also, I don't see any vouch yet for the service, I am not sure if it is truly worth the money to buy your service.

Edit: found the vouch review, probably skipped it. Reading it now.
member
Activity: 96
Merit: 10
goo.gl/9jGNC2
Farilay/Cloudbet 38+% Arbitrage Opportunity!



I'd be very careful taking arbitrage opportunities with a profit of 10% or higher. With something this big, it's very likely that Cloudbet made an error, and they state in their rules that they can void your bet and winnings, leaving you with a potentially large loss. It's a pretty obvious error too, so you wouldn't have any defense if it's voided.

I would agree somewhat with the 30% arb. I would only allocate a small percentage of my stake.

Enough that I could lose it and still be profitable with other arbs. But also enough that winning it would be meaningful.

Though in general, I believe your advise is more suitable to the fiat-betting world.

We've been regularly hitting 10%-20% arbs with no problem since August '16.
legendary
Activity: 2772
Merit: 3284
Farilay/Cloudbet 38+% Arbitrage Opportunity!



I'd be very careful taking arbitrage opportunities with a profit of 10% or higher. With something this big, it's very likely that Cloudbet made an error, and they state in their rules that they can void your bet and winnings, leaving you with a potentially large loss. It's a pretty obvious error too, so you wouldn't have any defense if it's voided.

Edit: seems like it might have been a live in play arbitrage, which could explain the difference
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