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Topic: Sports betting arbitrage - page 2. (Read 576 times)

Jaycoinz

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Quote from: AB de Royse777 on January 13, 2024, 01:19:06 PM

Quote from: Agbe on January 13, 2024, 12:40:12 PM

as for the risk involved in sport arbitration is higher because if you loss all the games, you go home with empty hands. And also it is difficult to win all but it is easy to loss all. So I don't really advise people to play sport arbitrage.

In arbitrage betting you don't loss money because you have bets in both side. Winning or losing does not matter for you. But in arbitrage betting your return is low that's why you need to stake high so that return percentage increases.

You have to consider that if you are get caught by the provider then your bets will be voided and in some cases you will only given the deposits you made. Your account will be restricted too because gambling companies do not like arbitrage betting.

Very correct because I have a friend who have been making it large on this arbitrage betting and he didn't disclose it to anyone and the funny thing is that he has multiple accounts on different gambling sites and sometimes he even pays people to actually create account for him so that he can make use of their account for his arbitrage betting because all his account has been voided because the companies discover his style and knew it's cheating but still at that he still doesn't relent and the money he uses to stake the bets are widely crazy and he does it as you stated to actually have some tangible returns for staking on both option.

Saint-loup

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Quote from: 1000winss on January 08, 2024, 01:13:46 PM

I've tried this on XFUN recently, and it didn't really work that well lol. I prefer the set your own odds feature they have now to arbitrage

Yes I don't think you will make huge profits by chasing sure bets on xfun.bet if it's what you mean by arbitrage. It's nice to meet someone offering lay bets there though. Are you making profits with that up to now? Unfortunately it doesn't seem to have many back bettors there to take the offers.

AB de Royse777

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Quote from: Agbe on January 13, 2024, 12:40:12 PM

Agbe

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At first I thought you wanted to define "Sport Arbitrage" but you digressed. Well that is not withstanding. We have discussed topics like before. Arbitrage betting is always good with sport and with football. In football you can place different odds. And as for the risk involved in sport arbitration is higher because if you loss all the games, you go home with empty hands. And also it is difficult to win all but it is easy to loss all. So I don't really advise people to play sport arbitrage.

TimtheYoutuber

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Quote from: Tytanowy Janusz on January 07, 2024, 04:14:51 AM

Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way? what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

I have been arbitraging for over 2 years now. I only use regulated sites that are available in my state.

You can learn about risks here https://positivebetting.com/blog/f/dangers-of-arbitrage-sports-betting

yudi09

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Quote from: AbuBhakar on January 12, 2024, 11:40:22 AM

Quote from: yudi09 on January 12, 2024, 11:26:06 AM

-snip-

Sometimes parlay is good compared to straight bets since it boos the odds significantly while you can have the cashout feature in case most of your bets resulted to win while you are already satisfied on your current cashout profit. You can have more profit on parlays than straight bet with same result but of course this involves more risk though.

Not for me. Parlays can have more risk of failure because players target higher odds with many match options.
Single bets are better than parlays even though the odds offered are smaller but the chance of winning is greater.
If the parlay only has less than 5 match options, the chance of winning is greater, although you don't necessarily win 100% or get paid in full.

Quote from: AbuBhakar on January 12, 2024, 11:40:22 AM

I’m not a frequent sports bettor but I always do 2 match parlay instead of single bets using small amount to have a boost on my odds given that I’m confident on my bet result.

A good choice if you do 2 games on a parlay. But single bets aren't bad if you do either.

noormcs5

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Quote from: blckhawk on January 12, 2024, 03:26:15 AM

It's profitable especially if you know where to look for when it comes to good odds, I don't use it but a friend of mine who bets on anything involving sports does it and from what I can see from him, I don't think that he's ever having problem with losses or money to bet which could be an implication or a conclusion that arbitrage betting works. I don't know why betting sites ban this kind of system though, is it because the other bet is placed on the other betting site? It still makes me wonder to this day how it's a frowned upon strategy because it's as legitimate as Martingale strategy.

I don't find the Sports betting arbitrage strategy to be a profitable one. Even if it is profitable at some odd times, still you need a lot of research and should have an account on many betting sites to fully take advantage of it. Also, luck will still play a part, else without luck you can still make no money at all through Sports betting arbitrage.

Just like Martingale's strategy is a complete failure, similarly we can say the same thing about the Sports betting arbitrage strategy. If it was so effective why wouldn't everyone use this technique and earn consistent income Huh

AbuBhakar

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Quote from: yudi09 on January 12, 2024, 11:26:06 AM

Have been running away from parlay betting for a long time. Parlay is not an optimistic type of bet but a bet that often fails. In 10 choices, 9 wins and 1 loses so the result is 0.

If there are 10 choices, that's still not enough, but if there are 20 to 30 choices in one betting list, it is no longer optimistic but lustful with the multiplication of odds.
Expecting to get rich because of multiplying big odds with a small bet amount but lots of choices is a dream.
Betting on the single bet type is more realistic even though the odds multiplication is small. If you want a lot, place a big bet so that if you win you will be satisfied with the results. Right?

Parlay offers a cashout feature which will be helpful to secure profit on higher odds. Sometimes parlay is good compared to straight bets since it boos the odds significantly while you can have the cashout feature in case most of your bets resulted to win while you are already satisfied on your current cashout profit. You can have more profit on parlays than straight bet with same result but of course this involves more risk though.

I’m not a frequent sports bettor but I always do 2 match parlay instead of single bets using small amount to have a boost on my odds given that I’m confident on my bet result.

yudi09

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Quote from: Mr.suevie on January 11, 2024, 03:06:23 PM

Quote from: yudi09 on January 11, 2024, 11:11:38 AM

-snip-

Nice to see someone actually running away from parlay bets because here that am actually staying this type of bet is all that the gamblers know how to bet because they tend to bet with the optimism that they are going get a miraculous win from their parlay bet of sometimes 20 to 30 selection. I don't know how accurate arbitrage betting is with soccer but I know my who does this type of bet uses alot of funds and also have multiple betting account for this .

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Quote from: Pi-network314159 on January 12, 2024, 03:58:54 AM

Quote from: Tytanowy Janusz on January 07, 2024, 04:14:51 AM

I usualy see it on social media where they always make references. By taking advantage of odd in different betting website, but I still believe that it is also difficult to predict because most times you will still loose because there is no guarantee in Gambliing. Its always a 50 50 Chance which is either loose or win. And I have never even try it before.

I have not tried this before since I am always busy and don't have time to turn other style of betting.
Maybe with time I could try and see how I could bet using this pattern so that I can make some profits if possible.
Gambling is changing everyday and people keep strategizing and using new means to make profits for themselves which is cool to think of it. Using this pattern, i don't know if the chance if winning could be higher that the chances of losing.

Wind_FURY

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Quote from: Tytanowy Janusz on January 08, 2024, 07:02:19 AM

Quote from: Wind_FURY on January 08, 2024, 06:42:44 AM

I'm not entirely sure if sports-betting markets are wholly made of liquidity just from the pockets of the bettors. I believe the betting company must place their own money on one side of the bet or the other to keep the market balanced if there isn't enough money from the users to take the other side of the bet.

Isn't it the case that these sites don't have to be balanced and most of them aren't? that if there is, for example, $1 million in customer funds for a win and $100,000 for a loss, then we simply have a total of $1.1 million in bets, 50k takes the casino as its fee, 1.05 million remains, so if our team wins for each $1 in bet, we get 1.05 $ back, and if we bet on the team loss and we win we get $10.5 back for each $1 in bet?

So if an arbitrageur comes in and bets $100,000 on teamX lose, it just changes the win/loss statistics and doesn't change how much the casino earns? So it changes the distribution of winnings between bettors and makes money from it?

Am I wrong here?

I can't speak against your example, but simply, I assume that sports-betting companies should be keeping their "order-books" balanced to have enough money from one side to pay for the winning side. I believe they are forced to take action. But let's ask the admins in some of the most popular betting companies in BitcoinTalk. Cool

Quote from: Wind_FURY on January 08, 2024, 06:42:44 AM

Plus because professional arbers always win, that means they are a net-loss to the betting company because they could consistently withdraw money out of the betting company's pool of liquidity.

As I understand sports betting, the arbitrageur's profits are constant and certain, as you wrote, but they do not reduce the casino's profits but, for example, reduce the winnings of those betting on X by $1,000, increase the winnings of those betting on Y by 990$ and they get $10 out of it for themselves.

OK, let's assume that that's right. What the betting companies don't like are the same people winning over and over again/who keep withdrawing money from the site. If they also find out that those users don't take risks, and merely take advantage of small odds differences, then that's especially bad not just for them, but for the other users as well.

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Quote from: Hispo on January 11, 2024, 09:52:51 PM

I have known people on the internet who feel attached to do arbitrage with the differences of price of certain cryptocurrencies in different exchanges or countries, but I am yet to see one who has successfully earned some significant money out of bookies arbitrage. It is not impossible, but seems to be more difficult.

I think we might find crypto traders more often who use this kind of trading to take advantage of price differences on different exchanges and make quick profits. I often see traders doing that quickly but even so they use very large amounts of capital so they get more profit. which is larger compared to smaller capital money because it will only be a waste of time with fewer profits.

I also just heard about arbitrage on sports betting sites and I just read it doesn't seem much different. This is taking advantage of the difference in Odds from several betting sites so that they can take advantage and increase profits, but back again to capital, if you have small capital you should never do it. This is because it is just a waste of time with little profit, but if you use large capital with large bets it will clearly be profitable. but it's definitely detrimental to the site too. in my view also gambling arbitrage is more complicated than crypto trading exchanges. Wink

Pi-network314159

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Quote from: Tytanowy Janusz on January 07, 2024, 04:14:51 AM

mak013

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Quote from: Tony116 on January 11, 2024, 02:28:39 PM

Quote from: mak013 on January 11, 2024, 10:01:07 AM

If i understand right, betting arbitrage is not about analysis matches - it is mostly about analysis odds. You don`t need any information about teams. As for me the main problem is to find software, that can automize searching arbitrage situation and betting process. If it will make some kind of bot - you will get stable profit. But the same time you need big deposit for betting.

It is not as easy as you think,, If i talk about our general sports betting, through this, as happiness, joy, thrilling atmosphere are being created as well as one's own destiny is being tested. Perhaps it can be compared to gambling. Just as in gambling, players bet a certain amount of money, here also in different sports like cricket, football, tennis, they bet for different teams. And in this way, if your betting team wins, you will win on the other hand you will lose money if your team loses.

Another aspect is arbitration. With arbitrage betting, gamblers take advantage of guaranteed profits at various online betting sites. However, it should also be remembered that using bots will result in bans and even account termination. Bots cannot be used to get support for your bets, it's related to scamming actually. And here you have to know how to take risks because you have to bet a relatively large amount of money compared to the amount of profit.

I understand it. Of course it isn`t so easy - if it would be so, the casino wouldn`t be so popular business. I just want to mark that we don`t need some special knowledge for it. Just some software and money for bets.
The same time it is not so interesting as classical betting and counts to cheating in most casinos, so you can lose all your money in a moment.
Anyway everyone can choose himself how to lose his money.

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Hispo

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I have never engaged or tried to arbitrage with sport bets, it requires much time high wager and find reputable bookies which would allow users to conduct arbitrage without going for a complete ban of our account or seizing one's wager. I do not have neither the wager nor the time.
However, to me the concept of arbitraging with odds sounds rather curious, if I had the chance to meet those conditions I previously mentioned I would not mind to give it a try and see what happens , though it is very unlikely I would ever meet them.

I have known people on the internet who feel attached to do arbitrage with the differences of price of certain cryptocurrencies in different exchanges or countries, but I am yet to see one who has successfully earned some significant money out of bookies arbitrage. It is not impossible, but seems to be more difficult.

tabas

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For some of the sportsbetting group that I happen to pass by, I've seen that there are still bettors do it. I have tried doing it but to no avail and it's hard to timing because it's either both casinos have the same providers and that's why if you are pursuant into doing this, you need to allot time and take your research before doing it. That's why I just let it go and don't even want to do it again since as if not all, most of the casinos disagree into this strategy. But that's it, if get caught and you're in profit, don't expect that money you have with them is still withdrawable.

panganib999

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Quote from: Tytanowy Janusz on January 07, 2024, 04:14:51 AM

This is bannable. Soon as you get caught you're getting your stuff banned from both casinos/sportsbetting sites. Not worth it especially if you're betting on low stakes games anyway.

Honestly much better if you play these games or if you gamble without gaming the system. Don't wanna sound like so morally upright here but from a gambler's perspective chasing and getting wins this way isn't just worth it man. The repercussions are immense and for the most part, you're getting just as much money as you would've won if you just played fair and square. I haven't tried arbitrage trading nor gambling as it's discouraged within the friend group that introduced me to crypto gambling and I couldn't thank them enough for being very great guides to someone that's just as noob as me way back then. So let me be the voice of reason this time and tell you that while it's great that you're getting wins out of fooling casinos, not that they'd care about the money they'd lose from you cause it's just coins to them anyway, but they'll certainly care about the integrity of the sportsbetting matches that you trifle with and the overall integrity of the game.

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Quote from: Tytanowy Janusz on January 07, 2024, 04:14:51 AM

It should be obvious why casinos do not like arbers, not only you are winning money, you are doing so consistently and at least mathematically there is no way for you to lose, what is there for them to like? However while this may seem a great way to make some easy money for some, to actually do it is very hard, since arb opportunities disappear quickly and you need to identify them and immediately make a bet on two different casinos, and if you are too slow it is possible for the arb opportunity to disappear right in front of your eyes.

Woodie

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Quote from: Tytanowy Janusz on January 07, 2024, 04:14:51 AM

Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way?

Let's just say I have done my research on this and it's not any easy undertaking!!

As far as I know, you can make subscriptions to some platforms that scan for these particular market discrepancies and will tell you how much you put on team 1, the draw and the team 2 result and whatever outcome that comes you are rest assured that you will get paid with profits...but unfortunately most bookies do know what Sports betting arbitrage is and will get you banned for it and likely to lose your deposits...

Quote from: Tytanowy Janusz on January 07, 2024, 04:14:51 AM

what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

You need to be registered with tons of platforms and KYC issues are another , but honestly am better off trying to play like any other user than go arbitrage... otherwise if you known and understand what you doing it's profitable but not advisable Tongue