making profit with arbitrage

[Paul--]

Hi, i'm planning to try to make some profits with surewin (arbitrage).

- Did anyone is making good profit with it ? I don't want risk more than 500€.
- Did you have bad experiences ? (many cancellations on games, bad bookies...)

Sometimes, I find some arbs with 25%-45% profit (one last saturday) on websites les betbrain, oddexchanges... do you think theses are errors from their scanner software ?

If i do this i will have a good money management to lower the risks (backing 10% of the money, ...)

Thanks

[astronauco]

Surewin? I´ve never heard about that program.
Is that a different one that SurebetPro? What is the URL?

[Paul--]

surewin is not a program. It is when the odds between different bookmaker allow you to bet on every issues of a match and still making a profit.

"To arbitrage is to make a combination of bets so that if one bet loses another wins. There is an implication of having an edge, at no or low risk. The second bet hedges the first. Arbitrage can also be used as a noun.

Examples: Doc looks hard for the best line, and was able to betting the Yankees at -150 at one sportsbook while betting the Red Sox, their opponent, at +152 at another, thus giving himself an arbitrage."

I don't want to use a paid site for this, i want to find my own surebets.

[astronauco]

Thanks Paul for your explanation.

[tashev]

I haven't actually tried it yet, but have researched it very well. I've came to the conclusion that it isn't neither as easy, nor as profitable as it looks. Just a decent way to make some extra cash, or if you're a full timer a medicore salary(that depends on your bank).
If you spot a 20-25 percent arb it's a palpable error - this means that one of your bets will get either void or it's odds adjusted, which will lead you to a loss. More and more people are getting into arbitrage so it's getting harder and harder to get to the arbs first - when more people are betting on something at the same time it's odds drop. And you have the bookmakers. If most of them find you're an arber you are going to get your limits reduced or your account closed, which is not fatal, but counts to the list of obstacles. There are a couple of arbing forums but I remember just this one, go check it out - arbforum.co.uk

[Paul--]

thx for the link tashev

[tashev]

I forgot to mention one more thing - if you're going to look for arbs manually you' ll have to spend a lot of time in the first months, and arbs will last shorter and shorter everyday from now one as more and more people are doing it. So paying that 30-40 euro for a service isn't that bad, you can check which services are worth it at the forum I gave you.

[mjjg]

i'm interested also i heard of this a while back just havent looked into it, someone please post your results.

[slinger2424]

I am trying to follow this thread and info.

Are you saying that you are not using a program or site, rather actually calculating the arbs on your own? Or do you have someone, some site, or some program to help you?

Thanks!!!