Bitcoin Forum

Hello all,

I am not active around here, but I am here today with an opportunity. I have found a 10% Bitcoin soccer arbitrage, but I do not currently have any decent amount of BTC to bet on it.

If you have BTC and want to make a quick 5% profit risk-free (5% for you and 5% for me), contact me ASAP. The game is for today in some hours, so we have to be quick.

Edit: I gave the bet for free and I decided to start posting some surebets here also for free to build some trust. Hope this helps some people make some money.

I smell scam.  Why should anyone here believe you're legit?

I understand why you may say that, but if you know what sports arbitrage betting is, then you will know why it is risk-free.

Betting arbitrage is when you can find opportunities to bet on all possible outcomes of a match (e.g. bet the first team will win, and that the second team will win and that a draw will happen in a soccer match) at different bookmaker websites, with different odds.

If you find the right odds, then you can bet on all three events and still have a profit no matter the outcome.

Finding such a match is quite hard, because usually the bookmakers more or less agree on odds, and even when you do, opportunities are like 2-3%.

Yet, I have found a match that if you bet the correct amount on each event, will return 10% of however much money you bet. (You don't need to do any calculations, I will tell you exactly how much to bet on each event, depending on the odds).

The match involves putting BTC in two BTC sportsbooks. On one of them we will be "1" and "2" and on the other we will bet "X".


Another thing that points to why it is NOT a scam, is that I will NOT at any point ask you to transfer the money to me. All you will do is transfer your BTC in the casinos and place the bets.

maybe if you give a screenshot of business would you do, and about the people who have tried may be becoming better, to be honest, I do not believe the latest investment like this, especially if not accompanied by proof

the people will not believe with a newbie and create something that we have to make an investment. because it will always be considered scam

OP if you're really new to this forum you may not realize how many scams go on here daily. And how paranoid all of the members here are with regard to scammers--you can't overstate it.  So it's not likely you're going to get anyone to send you any money for your plan. Just FYI.

Firstly your a newbie and secondly there's a huge amount of scammers on this forum who would scam even 1 mbtc of you so your wasting your time asking.

Since I haven't found anyone and the match starts soon, I am giving it free to anyone who wants to make some profit.

ARB with profit : 9,90%! ASM Belfort vs Racing Strasbourg
Bet 18,32% of your capital at 1(6,00) here : https://sports.mbitcasino.com/sports/301/events/640870
Bet 45,41% of your capital at 2(2,42) here : https://sports.mbitcasino.com/sports/301/events/640870
Bet 36,27% of your capital at X(3,03) here : https://www.cloudbet.com/en/sports/competition/607

Notice that I am not even posting referral links to the casinos, to prove that I did not try to scam anyone. This is a legit bet. Check it out yourselves.

Wow it smells to be a scam also .sorry for being judgemental but actually this is a ponzi or scam moves also the factor that you are a new member or newbie account on this forum .so they will not believe in you in the first place.

Guys stop for a moment just accusing without thinking.

1) Read my last post.
2) Read about sports arbitrage to understand why it works.
3) I know there are lots of scammers, but not everyone is a scammer. All I wanted was to split profits on a very profitable match I found. Check it out yourselves from the links I posted.

It is not risk free (as Op claims) if we are talking about gambling here. In sport betting - even the best and one sided matches have the potential to create upsets.
And Op is basically asking for money so he can wager it. I wouldn't call it an investment at all. It might not be a scam, but IT IS RISKY, nonetheless.

EDIT: Apparently I didn't fully understand Op's wording, in my country this kind of betting is called 'arb' and I did not connect the dots here.

And from what I know this kind of strategy is not that profitable (I guess it can return max 2%) and because of that usually requires huge amount of money.
Then if Op is earning 10% from this method it is amazing...

Dude seriously? Why can't you read before you post?
It is not a random bet, it is an arbitrage bet. Arbitrage means you bet on all possible outcomes (win-draw-lose), so in the end you have a profit no matter the outcome.

I posted the exact match/odds/links. You can use this tool to verify the arb easier than having to calculate everything yourself:
http://www.winnergambling.com/sports-betting-bingo/surebet-calculator/

EDIT: If you are indeed affiliated with JetWin, then you surely know what I am talking about, you are just sad that I don't link people to your casino. Well, if you need to know, I've closely watched your sportsbook for days, and it has consistently lower odds than other BTC sportsbooks. Now I see why you are bitching about it.

To all the signature spammers, you guys really need to READ as the OP said.  Disgusting.  It's probably the safest thing in gambling, and although there are risks to everything, this one is actually something that many people do and profit from.

newbie with 6 posts make thread like this :o
noone will believe you and probably noone will send you any btc :)
regards.
-Katerniko1

Come on man.  You couldn't even read the post above you? ::)

He isn't affiliated with Jetwin, just advertising them and getting paid. He probably doesn't care what jetwin does, or how bad their odds are because he doesn't bet there. I took a look at the arb, having attemped to do them before and it is legit. It seems Snorek very exaggerated how risky it is, by putting it in all CAPS but the only risks really are that you place the bet too late, and the odds change making it no longer an arb, or the sportbook runs away. Both are pretty unlikely, and with the odds changing you will only lose your deposit fee.

---

Too bad I missed this arb, looked like a nice one with 10% profit. OP - If you get another one, send me a PM, and I'll give you a decent tip if its a good arb once I bet on it.

Thanks mate. At least someone DID check what I posted :) I ll keep you in mind for future opportunities.
I am developing a tool to automatically detect arbs among BTC sportsbooks.

This sounds interesting to me.

All those fucking retarded signature spammers (see above in this thread) are a bane to the entire forum.  I hate those guys with a burning passion.  The forum was so much better before 1) signature campaigns and 2) the ability to purchase accounts, even Legendary accounts, for the sole purpose of being a fucking lazy ass signature spammer who doesn't really care about Bitcoin, never reads anything beyond the title of the thread so never learns anything and wouldn't know a Bitcoin if it bit them on the ass (hey that was kind of funny there).

Ohhohogahahahha....

I see what youre doing! That's actually pretty innovative. Maybe give out your tips for free, and people will tip you? Because this way is safer and more community friendly.

I've already PMed them.  They'll either annoy it or write a paragraph defending themselves.  The former option seems like less work, so they'll probably do that. ::)

Cool, but I wouldn't release that publicly... Sportsbooks might catch on.  I'm not sure though because I've never done Arbitrage Betting before.  However, if you can, please PM me if you're willing to share more info about your tool.

I think if you are newbie you cannot get any to invest to you.. its better to use your original account so more people will be attract to your service..

I don't think sportsbooks would really care, because it doesn't really affect them and attracts more volume. 1 site won't offer an arbitrage bet, you usually have to use multiple. Whether the player placed a bet on another book doesn't affect them. The program sounds very interesting, I have seen software for Fiat books that do that, but never a bitcoin one. Are you going to sell the software?
Send me a PM as well, if your willing to share more info.

Edit: Hey look! While I was typing this, another spammer posted without reading the thread!

Sadly sports books hate arbers,  and would ban or limit you to peanuts. The thing you have to understand about arbs are that you are always taking the best prices possible or tapping the odds when they are out of line. Op I am very interested in your software. Pmed you.

This is both true and false at the same time.

Sportsbooks know about arbing, and some times take advantage of it. The main goal of a bookmaker is to keep their books balanced (meaning all sides of the bet are equally favored) so they can make a profit (their profit can be calculated if you add all their odds together. you end up with a number greater than 100. if you subtract 100, this is their profit margin) no matter the outcome.

So, when they have an unbalanced event, they raise the odds of the unbalanced side (sacrificing some of their profit) and rely on arb finders to detect this change in odds and drive bets to this side of the bet.

Yet, bookmakers related to fiat currency have been know to arbitrarily ban some people simply because they are winning often, so the bookmaker is losing. On fiat bookmakers this is a huge problem due to verification. Each account must be verified by providing ID or other official document and proof of address. So, if you get banned (they don't keep your money, they just pay you everything and close your account), you cannot re-open an account because you will not be able to verify it. Yet, most BTC sportsbooks are anonymous, meaning you can open an account just using your e-mail, so even if you get banned (which I haven't seen anywhere happen yet), you can re-open a new account in seconds.

As for the software, there are indeed many arb-detecting services for fiat currency sportsbooks and they have thousands of customers. This makes it hard to grab a good opportunity because other people may be faster and the odds will get adjusted fast.
To the best of my knowledge, there is no such service for BTC sportsbooks. I have been working on mine for quite a while now, and I will soon start to monetize it (either by selling subscriptions, or by keeping it private and try to find investors to lend me large sums of money in order to take advantage of the arbs and make them a profit and myself a cut).

Annoying to see how many of you guys are dismissing each reply that this guy makes.

Points

1. It's not an investment (Go figure - it's gambling plus he's not asking you to put money into a single company so you know he isn't a representative of such)

2. He's not asking you guys to transfer any Bitcoins to him

3. He's not sending out any referral links

4. Again, he's not asking you to invest in anything and he's not asking you guys to send money to him

I'm not validating any of the information that he's suggesting (yes - he was giving free advice) to be true but it's rather disappointing to see how much of you guys are quick to jump the gun without reading the content of his original post nor that of his replies.

Shamefur dispray by shamefur signature spammers.

Hello,

I am interested in your offer.I can pay you 2mbtc per surebet match you found for me.
Also if you want we can use a escrow and make a pool for big profit.
I wait for a PM.You can find daily surebets?

Thanks to the people who actually read my replies and didn't just copy-paste a "this is a scam" message.

Here is another big arb I found. Free!

ARB with profit : 7,148%! Guatemala (n) vs Armenia
Bet 29,558% of your capital at 1(3,625) here : https://www.fairlay.com/event/category-decimal/soccer2/all/match/?page=1
Bet 37,412% of your capital at 2(2,864) here : https://nitrogensports.eu/sport/soccer/international-friendlies
Bet 33,03% of your capital at X(3,244) here : https://www.fairlay.com/event/category-decimal/soccer2/all/match/?page=1

Nice arb that you found. Odds dropped a little bit, and the ROI is now 6.69%. Still worth it though, and I'm going to be following this as soon as my deposit confirms. Stupid slow blocks :/

Edit: Fairlay sucks. My deposit has confirmed 7 times - They state that it will be added 5 minutes after the first confirmation.

OP, why don't you try this with fiat sportsbooks? They usually have higher odds, thus increasing your $$$ profits.

Because there are already services that do this for fiat currency sportsbooks, and the arbs disappear almost instantly because there is too many people using those services, so it is quite hard for someone to take advantage of an arb. With BTC, there is no such service, so it is much easier get a great opportunity.

Here is another arb for you guys :)

ARB with profit : 6,486%! Guatemala (n) vs Armenia
Bet 29,375% of your capital at 1(3,625) here : https://www.fairlay.com/event/category-decimal/soccer2/all/match/?page=1
Bet 37,181% of your capital at 2(2,864) here : https://nitrogensports.eu/sport/soccer/international-friendlies
Bet 33,444% of your capital at X(3,184) here : https://www.fairlay.com/event/category-decimal/soccer2/all/match/?page=1

And kindoff the same bet in an Asian Handicap format:
HANDICAP ARB with profit : 6,521%! Guatemala (n) vs Armenia
Bet 62,807% of your capital at Guatemala (n) +0.5(1,696) here : https://www.fairlay.com/predict/registered/new/guatemala-n-vs-armenia-14/
Bet 37,193% of your capital at Armenia ML(2,864)  here : https://nitrogensports.eu/sport/soccer/international-friendlies

Arbs at best for fiat sportsbooks last 20-30 minutes, but it is usually lower because there are tons of programs, and services for fiat arbing so it's not that great. The 2 arbs he posted are hours old, and they are still working because the odds haven't changed that much, because there isn't that much volume. I managed to place a bet on the Asian handicap one, which guarantees me a profit of 0.016BTC. Not bad, considering I bet only ~0.26BTC for it and that it is risk free. I didn't do the original arb though, because there is a lot of unmatched mBTC on fairlay for ML bets.

$8 profit without risk is not bad at all :) Glad to see someone is using those arbs.

Crap just realised that I made a huge mistake. I mixed up 2 and X thinking that the betting list's format/order going down in Fairlay was 1X2. So I only have an arb of 4%. But I'll be looking forward to your future tips.

This is what the un-fairlay sportsbook told me after I tried placing my bet:

Your prediction did not have a match, so it remains as an open prediction. Other players can now place predictions against you or you can cancel it in My predictions.

What???  I didn't even set the odds, I clicked it as it was offered...

@monbux  the odds dropped while you were entering your bet. As your selected odds were higher than the best offer on the market, it was placed as an open bet.  This happens from time to time at any exchange.

Armenia beats Guatemala 7-1... Not that it matters. But that was a crazy score. You know what it reminds me of? #71NeverForget. Brazilian/German fans will understand ;D. When's the next arb OP?

Good arb OP, i was a little too late to the party. You can also subscribe arb alerts at http://www.bitedge.co/sports-betting-tools-and-resources/bitcoin-betting-arbitrage-alerts/

Yes this may happen if the odds change while you are placing the bet. Still, I guess they didn't change too much, so you can still have a profit.

Dont have Btc? Give a good collateral and get loan.

Great thread OP, I just saw it .. I will follow next bet for sure, keep the good work ! ^^

You look like a total idiot because you did not read the thread.

Thanks for posting this tool, very interesting thread (aside from the sig spam), I had never heard about arbitrage on sportsbetting before.
I'll see if I can find some myself, pretty easy money without much effort :)

You are welcome.

If you are interested, we can have a partnership. I can send you arbs that I find so you can bet on them, and we can split some of the profits. If you are interested in that, PM me.

Competition: NHL
Game: San Jose Sharks @ Pittsburgh Penguins
Time: May 31st 12:05 AM UTC
Bet type: Points Spread
Profit: 4.73%
Bets:

Pittsburgh Penguins -0.5 @ 2.608 at Fairlay for 40.16% of total bets
San Jose Sharks +0.5 @ 1.75 at Betcoin for 59.84% of total bets


Get them before its too late  :D

I saw that on here too: http://www.bitedge.co/sports-betting-tools-and-resources/bitcoin-betting-arbitrage-alerts/

However, I can't seem to find a 2.608 odds on Fairlay... it's more so in the 2.4 region.

Yeah, im subscribed to their feeds too. Posting it for those who arent. I guess the odds dropped, it was at 2.59x when i saw it which was 4 minutes later lol. Been following their arb tips daily and it's a good way to make money as long as the game is not abandoned.

I think I'll subscribe as well.  The thing is, I saw this 12 hours ago, and I still couldn't find the correct bets.  Could've been just me though.

That's strange. It was roughly around that odds when I saw it

just curios about this arb which means you will bet on both sides but different sportshouse right is this legit? what i mean how we can profit from there? just place a bet and wait since that both ways you will going to get the winnings in return, hope I understand how this things will work an i will use this method mate just needed to understand then will be betting together I like your idea of splitting the winnings not asking for any amount or pointing the bets on you.

Why don't you use Google instead.  Here's a link for your read

https://en.m.wikipedia.org/wiki/Arbitrage_betting

I would rather have a way to find my own arbs, wouldn't it be better for you to start a service (website for example) with a paid membership and post some daily or weekly arbs there?
Pretty easy to build it yourself using Wordpress and a few plugins.

I think that's a better business model than what you're currently offering, no offence :)

Also, think about this, what if I were malicious and placed the bet without splitting the profit? Those arbs themselves are what's valuable, you should be making some money for that info...

I think the OP is currently just trying to test the waters with this service, and i believe that he is currently developing a tool to detect arbs on bitcoin sportsbooks. :)

Yeah, I've read that he was thinking about developing a tool and that would be a pretty good idea, but depending on how good OP is at programming, it could be pretty time-consuming or expensive (To hire a developer).
I was just adding the suggestion of building a membership website, which could be done even faster. Always possible to add a web based tool to that, plus a list of pre-made arbs.

I'd definitely pay for a service like that!

I have been searching a website like this one for a loong time. Tried to find the sure bets by myself by using the surebet calculators but i was never so lucky.

Subscribed and waiting. I hope everyone profits from it. Well done.

I am a developer. I have already developed the tool we are talking about. The thing is that I have not yet decided if I want to allow access (even paid) to lots of people to those arbs as they are very valuable. I will definitely make a website giving out some low profit arbs and maybe also do what you suggest with the paid membership, but I haven't decided completely yet and I also want to be absolutely 100% sure that everything works as expected and my partners/customers do not risk losing any of their money. In any case, you will get an update here once I do decide :)

OP are you arbitrage betting on bitcoin sportsbooks or you use the other ones too? Personally I would prefer only the bitcoins ones because deposits/withdrawals are much faster and you don't need to provide "papers".

I am only focused on bitcoin sportsbooks, for the exact reasons you provided :)

I believe in arbitrage betting, actually its pretty popular here in Italy, the problem here is anyone knows about it and we cannot play it on local FIAT sportsbook, anyway another thing is this for sure can be done, but I am also sure this needs at least 5-10 persons to find the correct games daily and try to find the right games. Nearby countries like Greece now that they are in economic crisis, I have friends there who told me they are trying arbitrage betting, and they even try with AH to find a bit of better odds. Still very very difficult to do it alone.

But big congrats to the OP for such a nice thread.

AFAIK, odds change over time, right? Are you locked into the odds that are there when you place your wager, or do you see them fluctuate as well?

Thanks mate. I have developed automated software to detect arbitrage bets in bitcoin sportsbooks automatically.

Here is another one for you all :)

ARB with profit : 5.05%! Myanmar vs Singapore at 03 June 2016
Bet 18.701% of your capital at 1(5.5) here : https://sports.mbitcasino.com/sports/301/events/644482
Bet 56.514% of your capital at Singapore -0.5(1.89) here : https://www.cloudbet.com/en/sports/competition/684:2828
Bet 24.785% of your capital at X(4.15) here : https://sports.mbitcasino.com/sports/301/events/644482


I already bet my capital in this one. But most of my BTC is "locked" in another arb till tomorrow, so my bet won't drive changes in odds probably.

Have fun ;)

Careful with cloudbet, I'm seeing a lot of payout complaints.

---

Except for paramutual wagering (Horse racing for example), you lock up the price when you place wager.

I haven't had any problems so far myself. What kinds of complaints?

Cash outs on bigger bets

Don't use them personally, but been noticing pretty consistent complaints most of them ending in "theyve been ignoring me ever since" like this one:
https://bitcointalk.org/index.php?topic=717790.msg15064004#msg15064004

I see, thanks for the heads up. I will keep it in mind, although I personally haven't had problems, but then again, I haven't placed any huge bet on them.

Wow bitcoin arbitage a sure win bets will gonna keep following your system making it sure to follow your leads because just a small mistakes from the amount of bets will messed up the whole profits. Good luck mate will followed you from here.

Thanks mate!

UPDATE REGARDING THE LAST ARB I SHARED:
Somebody (maybe from here) probably used it and bet big. The odds changed dramatically. It is no longer an active arb.

As always,
Do NOT place any bets without verifying the odds yourselves.

Yeah, arbitrage betting is pretty decent, although it does need some experience as well as time to do so. It's hard these days to find good picks... I haven't found anything worthwhile myself right now.

I'll send you a PM now regarding this, reply ASAP :)

arbing is a legit way of making money in sportsbetting. but the profit % is usually very small so you need a big amount to make substantial gains. and then there goes the issue of trust on the betting site.

I've arbed before, actually made enough to buy myself a coffee :(

I do agree that it takes a big initial investment, and that if you gamble in to high a volume, their support will probably freeze your account for inspection.

I think cloudbet is in trouble,  acting really shady. Limiting bets to pennies and delaying withdrawals.

Mate you need to read and understand what arbitrage betting in sports is.
You will need to deposit in bitcoin sportsbook casinos and place bets.
What I am giving out here for free sometimes is sports events (and their odds) where you are guaranteed to win by placing certain bets on certain sportsbooks that disagree on odds.


Yes, indeed cloudbet is acting strage, having a bet active in one page and inactive in another one and not letting people place it in the end. I'll try to avoid it in future arbs.

My earlier arb result:  :)

https://i.imgur.com/ASmW014.png

Already withdrawn.

Scam. Nothing in life is sure, nothing. Clearly a scam especially since you try to create ergency by telling us the game is today and we better hurry or we might lose out. Try harder....

You're making yourself look so stupid that I'm not even going to bother explaining.  Search up arbitage gambling.  Try reading the thread next time.

 it will always be considered scam

You sure about that?

how can we trust you it is risky to invest please give us details with proof then may i invest thankx

Its no scam but apparently here many people have no time to read the full thread from beginning.
Arbitrage gambling is simple, for example you find a game team A vs team B
At one betting website team A has odds of 2.10
At another betting website team B has odd DC(double chances) 2.05

What ever result you pick, you will come out in win, but you need a lot of money, and I took as an example the most ideal case, there are other ways of arbitrage gambling, just use google for it next time, to not make a figure of sh it in this forum anymore.

Oh I laughed so hard when I saw this. Thank you  :D ;D

Found a decent arbitrage bet today with the profit 1.2% of your "risked" BTC. I have bet 0.4BTC on this arb. The arb:
Copa America - Argentina vs Panama (-1 Asian handicap)
Place 70.76% of your bet on Argentina -1 at nitrogensports with the odds of @1.43
https://nitrogensports.eu/sport/soccer/copa-america-2016

Place 29.24% of your bet on Panama +1 at mbitcasino with the odds of @3.46
https://sports.mbitcasino.com/sports/301/events/653510

If Argentina wins by 1 point, both bets are refunded.
If Argentina wins by 2 or more points, the bet is won, and 0.012 BTC profit is made for every 1 BTC bet.
If Panama wins or the game is tied, the bet is won, and 0.012 BTC profit is made for every 1 BTC bet.

Enjoy! Do the math yourself if you don't believe me.

---

Edit: Looks like someone dumped a bunch of BTC on Panama +1, reducing the odds to @3.38. Arb is now a 0.49% sure profit.

Here is another one:

ARB with profit : 1.173%! Kashiwa Reysol vs Vegalta Sendai at 11 June 2016
Bet 49.161% of your capital at 1(2.058) here : https://nitrogensports.eu/sport/soccer/japan-j-league
Bet 22.736% of your capital at 2(4.45) here : https://sports.mbitcasino.com/sports/301/events/653475
Bet 28.104% of your capital at X(3.6) here : https://sports.mbitcasino.com/sports/301/events/653475