arbitrage

Originally Posted by gambit619

Hi

anyone punters out therE?

do you think arbitrage works?

and why.

thanks.

Originally Posted by Newbieee

Depends on your situation.

This are the down side of arbing.

Although the prices may guarantee a certain profit in theory, there are a few factors that could prevent the actual implementation of the arb.

Arbitrage might seem like betting's equivalent of the Holy Grail. No form of gambling is entirely risk-free, not even arbitrage. That fact that it is frequently and wrongly acclaimed as being so is perhaps partly due to the use of the term "sure win". There are numerous difficulties associated with arbitrage betting that can and do eat into the profits, sometimes with potentially disastrous consequences.

The first issue to consider with arbitrage betting is stake size. The majority of arbitrage opportunities are limited to only a few per cent at best. In itself, this should not present a problem, provided the bettor has at his disposal enough cash to place the bets he w ants. The first difficulty arises, however, if a bookmaker imposes limits on the maximum size of a stake. Since an arbitrage bettor's stakes are likely to be larger than most, this problem may occur quite frequently.

A second problem is the ongoing problem concerns the effects of deposit and withdrawal costs, and in some cases currency transaction costs as well. For certain types of deposit, and with a number of internationally based online bookmakers, these additional costs can be anywhere from 1 to 5%. Given the small profit margin, these costs can wipe out your projected profit. The best way to avoid this is to try to minimize your deposits and withdrawals.

A third problem is that some bookmakers only allow bets in a certain currency. These are mainly the small bookmakers. The best way to avoid this is to only use the big bookmakers. This is a good idea in general as you want your money to be safe.

A fourth problem is the issue of postponed sporting events. This will affect you in different ways against different sportsbooks. Some books will let the bet stand but some will cancel the bet. But you may end up only having 1 side of the bet on. You need to have a plan to deal with this.

A fifth problem is price changes. Prices on the exchanges can change very quickly, so make sure that you place any exchange bets first while the price lasts. A sixth problem is bad sportbooks. There are tonsa of sportsbooks that are in bad shape and will probably dissapear.