100% Winners - Is This Arbitrage Stuff For Real?

Quote from VoodooMMI:

Any arbitrage opportunities would have to be large enough to overcome the vigorish. See

http://en.wikipedia.org/wiki/Vigorish
More...

Hooray for Voodoo everyone! something intelligent.

Voodoo, good point, but isn't the vig already built into the bookie's spread? i.e....no commission or fee to deal, what you see is what you get?
 
Quote from Jets001:

oh please do explain old wise one? enlighten me on the in's and out's of sports arbitrage

if you're another kid in his parents basement trading his big demo a/c please go back to your little facebook games, your "lol" lends me to think this, this is a big boys forum
More...

ok, confirmed you are both a moron and a shill. gfy


for those iq challenged...anyone who tells you that you can earn 100% or similar with some product or service...it's a scam.
 
The sports arb apps are complete BS. They find a spread moves with one bookmaker, but the reference quote is stale. It's analogous to attempting to HFT using yahoo ECN quotes. You may have a box inside the hook on the two opposing bets, but you won't get size off, and I've never seen a team win by a half-point.

There are arbs available in sports betting, but it requires runners in LV inside the casinos using cell phones and guys manning WSEX and other sites. Trading arbitrages are more common and infinitely easier to execute.

Let's all give the OP a hand for this wonderful thread.
 
Quote from Jets001:

Hooray for Voodoo everyone! something intelligent.

Voodoo, good point, but isn't the vig already built into the bookie's spread? i.e....no commission or fee to deal, what you see is what you get?
More...
Depends - money lines (quoted -250 style) have the vig built in. Sides with a spread and totals are implicitly 11 to win 10 (aka -110).

Generally speaking, amongst legit books, there are price differences but not nearly enough to make guaranteed money on the money line. Even a good middle on a side or total is rare unless time separates the two bets, and those are far from risk free.

Also be aware there's nothing requiring that offshore books just take their losses if you beat them. They will cancel bets, take back bonuses, disable accounts, and quote you different lines than what they publicly list - whatever it takes to ensure they're left with nothing but losing players.

What are you going to do? The principles in the book are mobsters in Costa Rica or wherever. You going to go down there and discuss the matter with them?
 
Quote from Jets001:

but isn't the vig already built into the bookie's spread? i.e....no commission or fee to deal, what you see is what you get?
More...

I don't know. I don't bet on sports. I'm just saying that you need to make sure your calculations are correct. I do know that for many trading opportunities that look like arbitrage at first glance, after you include bid-ask spread, commissions, vigorish, etc there's no profit left. And that doesn't even include counter-party risk and safety of funds which may be issues.
 
Quote from atticus:

There are arbs available in sports betting, but it requires runners in LV inside the casinos using cell phones and guys manning WSEX and other sites. Trading arbitrages are more common and infinitely easier to execute.

Let's all give the OP a hand for this wonderful thread.
More...

thanks for chiming in atticus, i know your a smart guy.

can i ask, what is "runners in LV inside the casinos"

and "guys manning WSEX" ?

excuse my ignorance.
 
Quote from sellindexvol66:

anyone who tells you that you can earn 100% or similar with some product or service...it's a scam.
More...

there you have it. Sorry I didn't elaborate Jets. If your BS meter did not go off with '100% winners' and they are trying to sell that to you....then I think you're kidding yourself that you are a good skeptic. I'm not putting you down. Just trying to help.
 
Quote from Jets001:

thanks for chiming in atticus, i know your a smart guy.

can i ask, what is "runners in LV inside the casinos"

and "guys manning WSEX" ?

excuse my ignorance.
More...

You're excused. And for the record, SIV66 makes high 6-figures from trading.

www.wsex.com the first internet sports book.

Runners placing bets and quoting the lines to a central office. Guys at the CO have all of the major online books open on their systems and can arb the screen against the physical casino.

I spent a weekend in LV as a guest of a major independent bookmaker from Philly (last name "Rufo") who operated out of a house he rented for the NFL season.
 
Quote from The Big D:

Depends - money lines (quoted -250 style) have the vig built in. Sides with a spread and totals are implicitly 11 to win 10 (aka -110).
More...

thanks Big D, but a lot of the above is like a foreign language to me, can you please explain further?
 
Quote from atticus:

You're excused.

www.wsex.com the first internet sports book.

Runners placing bets and quoting the lines to a central office. Guys at the CO have all of the major online books open on their systems and can arb the screen against the physical casino.

I spent a weekend in LV as a guest of a major independent bookmaker from Philly (last name "Rufo") who operated out of a house he rented for the NFL season.
More...

thanks atticus, that makes sense now, wow can't believe there's guys doing this stuff for real, what a job, i guess they're the professionals, looks like little ole me has some work to do to make this work properly.
 
You must log in or register to reply here.
Back
Top