100% Winners - Is This Arbitrage Stuff For Real?

[atticus]

Quote from Jets001:

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

Money lines are spread neutral. The handicap and vig is embedded in the payout. -250 means you're betting $250 to earn $100 on the favorite. $250 pays $350 if you're betting the favorite and they win outright.

 

[1a2b3cppp]

Quote from Jets001:

for eg...lets say there is a tennis match Federer vs Nadal and 1 bookie in Europe is showing Federer to win at $2.10 and another bookie in Australia is showing Nadal to win at $2.15, you would place bets for both players to win at each bookie and regardless of the end score you come out with a profit.

Can you show me the math behind how that works? I don't know how sports betting works or what "win at [price]" means.

 

[stock777]

is it any dumber than the stories about pimply faced geeks making millions playing poker online?

I didnt know there were so many morons to take the other side

 

[topeak]

too many of these 100% winning stuff online.
if it was so, then the house will fall...but house always wins.

 

[Visaria]

Quote from Jets001:



I would like to know if any traders here have engaged in sports arbitrage?

is it really viable?

will the bookmakers close your a/c down if you win all the time?

also has anyone got this 100% winners software? feedback?

1. Yes, more than i care to admit. I have made excellent money from it in the past, however that's because the big arbs were in the past and bookies would let you do big bets. The profit margin for doing arbs these days is v low imo, not worth the time or effort.
2. Yes, however I am based in the UK, whereas I believe you are based in the US where I believe sports betting over the web is illegal?
3. They will probably limit the amount you can have on a wager first. Then they may close your acct down.
4. No.

add: actually, you will find it near impossible to open an act with any online bookie, they do not take US customers. If you manage to open one, they will void your winnings and probably confiscate your money when they realise you are from the US.

 

[atticus]

Quote from Visaria:

1. Yes, more than i care to admit. I have made excellent money from it in the past, however that's because the big arbs were in the past and bookies would let you do big bets. The profit margin for doing arbs these days is v low imo, not worth the time or effort.
2. Yes, however I am based in the UK, whereas I believe you are based in the US where I believe sports betting over the web is illegal?
3. They will probably limit the amount you can have on a wager first. Then they may close your acct down.
4. No.

add: actually, you will find it near impossible to open an act with any online bookie, they do not take US customers. If you manage to open one, they will void your winnings and probably confiscate your money when they realise you are from the US.

Impossible? Hardly. I had an account with a major exotics dealer in France, using an EU VPN. I used the identical setup to work with WillHill and Ladbrokes. before the VPN I simply had a physical server setup in the UK, and one in Sweden by which I controlled via remote access.

 

[Visaria]

What do you do when they ask for documents (like a passport, driving license) to confirm your ID? Many bookies do this when you wish to withdraw your money.

 

[stock777]

probably never had any winnings, so the point was moot

 

[Lucias]

I read an article about some professionals doing this and making a good living. The article basically stated they were doing sports arb just like this software described (I got the advert too).

However, the article claimed that a good knowledge of sports was required and that most of these guys weren't doing pure arb but a combination of arb and speculation.

I have no interest in sports betting and as others have mentioned would be dubious of the various brokers.

One of the obvious risks of using of any arb is that you get filled on 1 leg of the bet but not the other.

It would be interesting to hear back from anyone who tries the software about whether it works on this thread or if anyone does professional sports arb.

 

[Visaria]

Quote from stock777:

probably never had any winnings, so the point was moot

Whether or not atticus was arbing, I don't know, but if you are arbing you win with one bookie and lose to the other.