Basically, you bet on both sides to win. No matter the outcome you profit!
Scenario:
Bookie #1, Team #1 odds: 2.32
Bookie #2, Team #2 odds: 3.47
Profit if invested $100 total: $39.04
This software searches through many different bookies in real time, to find these Arbitrage bets.
As of right now, (4:01 AM PST, 6/23/2013) there is an arb with these odds: Team 1, bookie 1: 5.25 Team 2 bookie 2: 5.25. This arb would give a 212.25% Profit!!!
http://www.freeimagehosting.net/newuploads/fch1f.png
Here's my plan:
I will be posting the best Arbitrage bets that the software gives me for a few days. I hope some of you can profit off of these "arbs". The thing is though, you have to be fast. Some disappear within a few minutes, as bookies are constantly changing their odds!
After a few days of posting these arbs, I will open up a Google Groups Mailing list. Anyone can request to join this group, but only members will be able to see the posts. Only I will be able to post, so you can set up notifications alerting you of new posts.
These posts, by me, will be the same as the posts in this thread; notifications of new arbs.
How do I get into the group??
After requesting to join the group you will be emailed a unique Bitcoin Address. Then simply send .05 BTC to that address, and shortly after, you will be accepted into the group.
What should I do to maximize my chances of snagging these arbs?
Make an account with each of the following bookies:
1. BetFair
2. BetCity
3. PinnacleSports
4. Marathon Bet
5. Leonbets
6. Parimatch
7. Betus
8. Bwin
9. Intertops
10. Sportsbook
11. Sportsbetting
12. Bodog
13. 5dimes
14. 12bet
15. Jetbull
16. SportsBet
17. Unibet
18. 10 Bet
19. Canbet
20. Expekt
21. BetAtHome
22. NordicBet
23. WBX
24. BetFair
25. SkyBet
26. Betoto
27. 188Bet
28. SBOBET
29. Betsson
(More will be added to this list as more bookies are added in the software)
Fund each one. This makes it a ton faster when placing these bets. If you do not already have money in the accounts, you will most likely miss the arb.
How often will you post these arbs?
As often as I can, as fast as I can.
Once I pay the .05 BTC, will I get these arbs forever?
Unfortunately, no. 100 percent winners software charges me a monthly fee, so I cannot charge a one-time fee, and expect to remain in the black. About 1 month after joining, you will be removed from the google group, and then emailed a new bitcoin address. You must pay a re-entrance fee of .03 BTC to be let back in.
Do I have to pay the re-entrance fee?
Not if you don't want to!
You say, you will be posting these arbs as fast as you can. Can't you automate the process?
Yes I can automate the process. Once people start joining the group, I will set up a macro to take a screenshot of the software regularly, and post the screenshot in the group.
I will put it to a vote, how often this is done.
Should I make a new email account for this purpose?
I think it would be wise. Especially once the automation happens. If you have notifications set up for the google group, depending on how often the posts are made, you could get hundreds of emails a day.
DISCLAIMER:
Keep in mind, that this is not ABSOLUTELY 100% fool proof. There is a very small chance that the bookies change odds after you've made your first bet, but haven't made your second.
ALWAYS, ALWAYS, ALWAYS check the odds of BOTH bookies to verify the arb is still available. If it is, fire away!! If not, then of course there is no guarantee of profit.
Also please note: Online Sports betting is Illegal in the United States, and some other countries. If you are in a country that has banned online Sports Betting, please, please, please refrain from doing so. Dealing with Fiat Currency is of course very different than Bitcoin. You could get in huge trouble if caught.
why cant i just use the 100% winners software myself? Arent you just reselling their product at a cheaper cost?