wild dream
07-02-2006, 07:05 AM
hi all,
sports arbitrage seemed to be the hot topic these days. many people are interested in this risk free profit thing but are unsure of some of untold real facts.
sports arbitraging actually refers to taking advantage of difference in opinion between various bookmakers in terms of odds offered and placing two or sometimes 3 bets with the bookmakers, resulting in a small profit regardless of which team or player winning the match.
it seems a real cool thing here. however, one must be aware that profit from a single arb trade typically results in about 1-5% profit. very seldom one might find a 10% trade there as the bookmakers are real fast in adjusting their odds when they discover that arb traders are plunging in on their difference in opinions. bookmakers on the whole do not like arb traders. some might place restriction on your account once they detect that you are doing arbing. some place max bets on certain events, and you might find yourself trapped in a one-trade hanging situation.
it is true that some software are able to alert you once an arb is found. however remember that you are not using that alone and once the opportunity arises, thousands of people will be rushing into it and very soon, you find that the bookmaker has adjusted the odds downwards.
calculation of arb profit must be done fast too. if you find yourself having to do manual cal to work out the profits, then too bad. anyway, we have a calculator for working out these profits when we were doing arbing about a year ago, but has since quitted as we have found a more profitable and reliable way to make money and have not looked back since!
one last point, to make decent profits, average people like us must have at least a few hundreds if not thousands in each of your accounts with the bookmakers. if you intend to put $500 in one account and intend to have about 10 accounts with the various bookmakers, then you will need $5000 altogether. and i can tell you that $500 in one account will dry up very soon when you are placing bets over $100 each time say. many bookmakers do charge for withdrawals. some give free withdrawal every 30 days. but can your account last that long with $500?? in other words, to make arb profitable, your money turn-around has to be fast! else the bookmakers withdrawal fees will soon eat up into your miserable profits.
hope i have not missed out anything or dashed anyone's hope of becoming an arb trader. if knowing this and you believe these are not an issue to you, then all the best to you to becoming a successful arb trader! :)
wild dream
sports arbitrage seemed to be the hot topic these days. many people are interested in this risk free profit thing but are unsure of some of untold real facts.
sports arbitraging actually refers to taking advantage of difference in opinion between various bookmakers in terms of odds offered and placing two or sometimes 3 bets with the bookmakers, resulting in a small profit regardless of which team or player winning the match.
it seems a real cool thing here. however, one must be aware that profit from a single arb trade typically results in about 1-5% profit. very seldom one might find a 10% trade there as the bookmakers are real fast in adjusting their odds when they discover that arb traders are plunging in on their difference in opinions. bookmakers on the whole do not like arb traders. some might place restriction on your account once they detect that you are doing arbing. some place max bets on certain events, and you might find yourself trapped in a one-trade hanging situation.
it is true that some software are able to alert you once an arb is found. however remember that you are not using that alone and once the opportunity arises, thousands of people will be rushing into it and very soon, you find that the bookmaker has adjusted the odds downwards.
calculation of arb profit must be done fast too. if you find yourself having to do manual cal to work out the profits, then too bad. anyway, we have a calculator for working out these profits when we were doing arbing about a year ago, but has since quitted as we have found a more profitable and reliable way to make money and have not looked back since!
one last point, to make decent profits, average people like us must have at least a few hundreds if not thousands in each of your accounts with the bookmakers. if you intend to put $500 in one account and intend to have about 10 accounts with the various bookmakers, then you will need $5000 altogether. and i can tell you that $500 in one account will dry up very soon when you are placing bets over $100 each time say. many bookmakers do charge for withdrawals. some give free withdrawal every 30 days. but can your account last that long with $500?? in other words, to make arb profitable, your money turn-around has to be fast! else the bookmakers withdrawal fees will soon eat up into your miserable profits.
hope i have not missed out anything or dashed anyone's hope of becoming an arb trader. if knowing this and you believe these are not an issue to you, then all the best to you to becoming a successful arb trader! :)
wild dream