29 {{ upvoteCount | shortNum }}
29 {{ upvoteCount | shortNum }}

Does Anyone Do Sports Arbitrage?

by tjk1058
20 replies
I've always been fascinated with arbitrage opportunities ever since dabbling in adsense arbitrage a few years ago and it being pretty profitable for me and countless others while it had lasted.

But I found a site recently that teaches "sports arbitrage" arbitragedirect.com that seems interesting. The concept is legit as their is always arbitrage opportunities in just about any marketplace. They claim arbitrage opportunities in the 3-10% range on average which is definitely better the your bank account.

I would be happy with just a 10% monthly return on my investment!

I'm just looking for some feedback from anyone who has done this if it is as easy as it seems and truly risk free?

Thanks,

TedK
#arbitrage #sports
  • Profile picture of the author Chad Heffelfinger
    There are definatley legit opportunities in it, I checked into it pretty heavily a couple years ago, but just never took the plunge.

    There are some free sites even that lay out what arbs are available at that given time, so the info is there for the taking, you just have to look and then lay out the cash. I had a whole bunch of the sites bookmarked, but that was on my last computer that crashed.

    If you've got some extra cash to invest, it well may be worth it for you to try it out.
    Signature
    {{ DiscussionBoard.errors[2646567].message }}
  • Profile picture of the author tjk1058
    That's what I'm thinking of doing as I have some spare cash that I've wanted to invest into something and nothing lately has been to successful.

    I figured to start small then ramp up as I see it working. I would like some more feedback though from anyone who may be doing it currently, so if anyone here on the warrior forum is currently active in doing this then any tips would be nice!

    Thanks,

    TedK
    Signature
    {{ DiscussionBoard.errors[2646663].message }}
  • Profile picture of the author D_M_S
    I've done many, many forms of "advantage gaming" in the past and this is one of the ones I've looked at and participated in. There's a lot worst ways to make money, but youll run into two major problems. (1) you're going to need to create a lot of outs and thats increasingly difficult for someone in the US (at least with large, reputable books) and (2) you're going to need more money than you think. These arbitrage opps do get closed eventually and the edges you'll create are very small, maybe 2% or less. To make any serious money at it, you're going to need thousands and thousands at your disposal. Otherwise, you'll find that they system works but you can only make $50/month with it.
    Signature

    Looking for new affiliates for a penny auction web site -- please send me a PM

    {{ DiscussionBoard.errors[2646758].message }}
    • Profile picture of the author tjk1058
      2% isn't bad if you could do it daily, or multiple times daily. Is that possible from your experience?

      Thanks,

      TedK

      Originally Posted by D_M_S View Post

      I've done many, many forms of "advantage gaming" in the past and this is one of the ones I've looked at and participated in. There's a lot worst ways to make money, but youll run into two major problems. (1) you're going to need to create a lot of outs and thats increasingly difficult for someone in the US (at least with large, reputable books) and (2) you're going to need more money than you think. These arbitrage opps do get closed eventually and the edges you'll create are very small, maybe 2% or less. To make any serious money at it, you're going to need thousands and thousands at your disposal. Otherwise, you'll find that they system works but you can only make $50/month with it.
      Signature
      {{ DiscussionBoard.errors[2647010].message }}
      • Profile picture of the author theemperor
        I tried this a few years back. I found a good service in the UK that emails you when an arb comes along.

        The problems I encountered put me off though:
        • You need to respond to the arb opportunity within a few seconds before it disappears. E.g. go to the toilet and miss an opportunity!
        • You may find you place a bet one way and the odds change on the other side - leaving you with a sure loss
        • Credit card / forex fees cutting into profits
        • Like someone said you need a lot of money to make decent money.
        • Cash flow - arbs using firms in foreign countries take ages to cash in to rebet the money
        • Easy to place the wrong kind of bet - each site has it's own interface you need to get used to and it is easy to @*#! up

        Having said this it can be exciting and my best arb was 50% ROI using a US and UK site betting on UK football. It was nice but I put a modest bet on thinking it was too good to be true, plus the counter-party risk. But it did pay off!
        Signature
        Learn to code faster, and remove the roadblocks. Get stuff done and shipped! PM me and I can help you with programming tutoring, specialising in Web and the following languages: Javascript ~ HTML ~ CSS ~ React ~ JQuery ~ Typescript ~ NodeJS ~ C#.
        {{ DiscussionBoard.errors[2647132].message }}
        • Profile picture of the author inter123
          Before IM, used to do arbitage betting with things like dutching and so on. To earn any sort of money, you have to gamble thousands and when doing it online there are many pitfalls.

          For example the odds can change suddenly and the bet ends in a loss. Or loss in Internet Connection and the second all important bet cannot be placed. Maybe you should look at sports trading with the likes of Betfair where you are 'gambling' on the odds changing in your favour. It is a bit like stock trading in many ways. Like stock trading, it is a gamble but 5% of the participants (just like IM) do very well.

          Maybe you want to look at:

          http://forums.moneysavingexpert.com/...splay.php?f=41

          It is a UK based site with information on exploiting loopholes without gambling.
          {{ DiscussionBoard.errors[2647260].message }}
          • Profile picture of the author vicone
            Ted, I used to do this form of arbitrage some years ago and it can work very well. A particular problem was that you had to bet large sums in the hope of making any sizable return.

            The techniques are very useful in certain sports where there are only 2-3 possible outcomes: win/lose/draw. Thus, tennis, boxing, cricket, soccer, etc, are suitable for this.

            There is software available which enables you to keep track of prices being quoted with different bookies and you would normally need to set up accounts with betting establishments in different countries.

            One way of gaining an advantage lies with different prices in different countries, where local punters will support the local hero in an international event, such as boxing. You can bet on BOTH performers and structure your bets in such a way that you profit regardless of who wins.

            However, as I said earlier, you can usually only make large amounts on an outcome by outlaying fairly large amounts.

            Ivan
            Signature
            {{ DiscussionBoard.errors[2647293].message }}
      • Profile picture of the author D_M_S
        Originally Posted by tjk1058 View Post

        2% isn't bad if you could do it daily, or multiple times daily. Is that possible from your experience?

        Thanks,

        TedK
        2% would be on the high side and, no, I wouldn't say its possible every day. Obviously it will be easier on the weekends than, say, a Tuesday afternoon and some sports make more sense to arb. The opportunities dont happen often and just because its there, doesn't mean that you'll be fast enough to get in on the right prices.

        You're right in the sense that 2% that compounds on even a weekly basis is attractive, but again, it will still take gobs of money to be able to actually walk alway with a sum that will be worth your time and expense. You'd have to throw $2500 on each side of a 2% arb to make $50.

        BTW - I checked out the link you posted. You don't need a $47 report to learn this. You should buy something like the sports betting book by Stanford Wong. It's like $15 on Amazon and will teach you everything you need to know.
        Signature

        Looking for new affiliates for a penny auction web site -- please send me a PM

        {{ DiscussionBoard.errors[2647346].message }}
        • Profile picture of the author richardjes
          Hi Ted,

          Saw your message on the forum and tried to PM you. I am currently launching a betting selection service which over the last 6 months has had a 21.73% strike rate and an ROI of 48.26% to level stakes.

          I am just about to start it up as a paid service but you can check out today's selections (26th September when i write this at longshotking dot com forward slash members

          I have 9 selections posted today.

          I am a horse racing form student and have built a selection method that has become proven over time.

          You can take a look at those selections.....DONT BET just watch.

          I am not making promises but in the long term you will see a profit.

          Let me know if you have any questions.

          I will be password protecting that page in the next few days but you'll still be able to get a free trial subscription

          Cheers

          Richardjes
          Signature

          Learn How I Made $1400 in 8 Days
          http://moleculemarketingblueprint.com

          {{ DiscussionBoard.errors[2648399].message }}
          • Profile picture of the author D_M_S
            Originally Posted by richardjes View Post

            Hi Ted,

            Saw your message on the forum and tried to PM you. I am currently launching a betting selection service which over the last 6 months has had a 21.73% strike rate and an ROI of 48.26% to level stakes.
            WTF? Claiming 21% would net you a MUCH different result than 48% over 6 months. Something doesnt sound right here
            Signature

            Looking for new affiliates for a penny auction web site -- please send me a PM

            {{ DiscussionBoard.errors[2648956].message }}
  • Profile picture of the author richardjes
    Hi DMS,

    Not sure if I was not clear in my message above but i was not claiming that strike rate each month, it was over the 6 month period;

    253 selections and 55 winners (A winner being a WIN or a PLACE in an EW selection) I worked that out at 21.73 strike rate.

    In terms of the ROI I think i did make a mistake as i did not factor in the losing win portions of some EW bets but if you would have backed each selection you would have laid out 433 Pts and received back 607.16 so i believe it works out at 40.22% ROI.

    If I have made a ricket then please let me know.

    Richardjes

    P.S Ted sorry for that mistake in my earlier message
    Signature

    Learn How I Made $1400 in 8 Days
    http://moleculemarketingblueprint.com

    {{ DiscussionBoard.errors[2649695].message }}
  • Profile picture of the author ContentIn48Hours
    I was a professional sports gambler for 5 years. I simply picked sides of games and totals and could hit at around 59%. The difficult thing is that it is illegal to sports bet in the US, unless you gamble in Las Vegas. I was politely reminded of this by the Feds, and stopped immediately as I value my freedom.

    Arbitrage is doable but you need a big bankroll and you need to trust the offshore account if you are not in Las Vegas. I have seen offshore bookmakers that refuse to pay a US player with a big bankroll, because they also know its illegal and you have no recourse whatsoever. Just something to think about.
    {{ DiscussionBoard.errors[2649734].message }}
    • Profile picture of the author D_M_S
      Originally Posted by PLRchief View Post

      I was a professional sports gambler for 5 years. I simply picked sides of games and totals and could hit at around 59%.
      No offense intended, but I'm always skeptical of posts like this. If you could really pick 59% winners day in and day out, you'd be Scrooge McDuck swimming in your own pool filled with money and gold bars. At even modest stakes, 59% amounts to a TON of money over 5 years. You sure it wasn't 50.9%
      Signature

      Looking for new affiliates for a penny auction web site -- please send me a PM

      {{ DiscussionBoard.errors[2649894].message }}
  • Profile picture of the author ContentIn48Hours
    I did very well with sports gambling. I didn't bet on a ton of games. I still pick games just not for money. Today I took 2 games on the Moneyline. The Titans and the Raiders. The Titans won and the Raiders are losing, but they may still come back.

    It's not as hard as you think.
    {{ DiscussionBoard.errors[2650228].message }}
    • Profile picture of the author D_M_S
      Originally Posted by PLRchief View Post

      It's not as hard as you think.
      I don't doubt that, but I DO doubt your 59% figure. Even consistent, proven, non-scamming, well known cappers (like Fezzik) would NEVER claim 59%. I mean, have you actually done the math on that? If you pick 100 games at 59% you could literally make MILLIONS of dollars.

      I don't doubt that a winning record can be done but 59% just doesn't sound right.
      Signature

      Looking for new affiliates for a penny auction web site -- please send me a PM

      {{ DiscussionBoard.errors[2650279].message }}
      • Profile picture of the author michaelwilding
        To be honest if he does have a 59% strike rate then whether there is a profit is going to be based on the odds that are being achieved. This indicates that average winning odds of 1.69 (decimal odds) will be break even so if he can place bets with an average winning odds of around 1.90 or higher in the long term then these selections will be profitable at around an 8% ROI depending on where you are betting, if there are take outs, fees, commissions etc..... The strike rate itself isn't telling you whether selections are profitable.

        Regarding arbitrage I know a few people who do it full time but it isn't for me. However I have a few articles written by a couple of them on my blog at the Race Advisor. I can't post links because I am new here but if you google Race Advisor and then go to the first ranked website and choose Risk Free Betting under Betting Types you will get a load of articles about it. Another option that some people use to build a bankroll is using the free money given by sports books and then laying off on Betfair or another exchange. Of course this isn't any use for those of you in the US but there are a few articles about that at the same location as well.
        Signature
        Check out my blog for advanced marketing techniques and strategies you won't see anywhere else!
        {{ DiscussionBoard.errors[2707633].message }}
  • Profile picture of the author Kurt
    I love how everything has to have a fancy name..."Arbitrage" used to be known as "betting the middle". I prefer the old-school Vegas terms.
    Signature
    Discover the fastest and easiest ways to create your own valuable products.
    Tons of FREE Public Domain content you can use to make your own content, PLR, digital and POD products.
    {{ DiscussionBoard.errors[2707828].message }}
    • Profile picture of the author D_M_S
      Originally Posted by Kurt View Post

      I love how everything has to have a fancy name..."Arbitrage" used to be known as "betting the middle". I prefer the old-school Vegas terms.
      Arbitrage is an actual name thought - it's an economics term for "blips" in the market
      Signature

      Looking for new affiliates for a penny auction web site -- please send me a PM

      {{ DiscussionBoard.errors[2711556].message }}
      • Profile picture of the author leroy1965
        I am doing it since 2006 and am really satisfied from the profit. But with the years it becomes harder to practise it. I have tried the top arbitrage softwares and can say that only http://www.oddstorm.com suits my needs. Also there is service that have really good detailed lessons how to use sports arbitrage and their software at Arbitrage Guides It is really useful for newbies because it has video and text tutorials with actual examples.

        I hope this helped you guys and good luck with sports arbing.
        {{ DiscussionBoard.errors[10157428].message }}
  • Profile picture of the author MarkHernandez
    "just 10% ROI per month" , this goes on to show how blessed we are, people out there in real world will go nuts for return like this!
    {{ DiscussionBoard.errors[10157620].message }}

Trending Topics