Bitcoin Forum

Why we're closing


Several Bitcoin sportsbooks have proven to be unreasonable and deceptive.

As a result, we do not feel comfortable continuing this service, with the knowledge of the degree of risk our customers would face betting on certain sites.

This brief experiment has informed us on the viability of offering such a service.

That is, the general challenges arbitrage bettors would face, and the practices of Bitcoin sportsbooks.

We will relaunch with a more valuable service, using only trusted sportsbooks, and will price the service so that a large bankroll will be unnecessary to be profitable.

We apologize to all customers who have been unfairly treated by Powerbet, and vow to never use such books ever again.


Note to current customers


If your current plan has not yet terminated, you will receive a pro-rata refund.

You should receive an email regarding this today, if not please contact us at support@satoshisignals.com

I have not read your content yet because it is too messy and I can not have any information about it. You should rent someone to redesign your thread or doing something to make it more attractive.
I will continue read after get home

Edit:
I still do not understand what you want to do around here

We've re-written the thread, and have tried to make it as clear as possible.

Please let us know if what we're doing now makes more sense.

I think they are offering 'Sure-bet' service, which is really risk-free.
Please google it if you don't know what is 'Sure-bet'.

EDIT: There are lots of site sharing sure bets, however, maybe not on sportbookers which bet with BTC yet.
But $69/month is a bit expensive IMO.

As I understand your tactics of betting is to bet on two outcomes and, despite the winner of the game, we'll stay in profit? It means that we are giving you Bitcoins, you make arbitrage betting and divide profits according to the investments?

The method of Sure Bet is to buy the two outcomes in different sportbookers, then it will be profit whatever the game's result is.

So basically is you join their site with the monthly cost, then they will provide you which game and which sportbooker to buy.
(Please correct me if I am wrong...) 

Yes, that's correct!

Please see this video for example: https://drive.google.com/file/d/0ByjTc8BU-XcLckVwd1hQRUZ4VGs/view?usp=sharing (https://drive.google.com/file/d/0ByjTc8BU-XcLckVwd1hQRUZ4VGs/view?usp=sharing)

We will show opportunities to make risk-free bets in a html file which auto-updates.

Thank you, now it is clear. Looks like a good method to make additional passive income. I'll give a try to test it as I do not have enough time to find sure-bets myself.

is there already a vouched from this i know its to expensive but if this signals are legit and really works it can be a big advantage for all those who buy it, i already seen such things inside bookies but not yet seen any offer for bitcoin gambling site, i'll be willing to take chances just wanted to see some assurance about my money,.

Hello,

Yes, that's the strategy. The same thing can be done with three outcomes.

We do not handle money. We just provide you with a link to the opportunities and tell you exactly how much to place.

Also, you get to keep all your profits.

We just ask for a monthly fee of $69, or $30/week.

Which you should make back quickly.

Though we will provide all the help you need.


Regards



Since Monday there have been over 50% in arbitrage betting profits.

If you started with $100, you would have made back the trial week already!

Worst case scenario, even with $100 you will make it back in 10 days maximum.

With $300+ you will make it back very quickly.


Hello, I've sent a free trial to the user DarkStar: https://bitcointalk.org/index.php?action=profile;u=507936 (https://bitcointalk.org/index.php?action=profile;u=507936)

Alternatively, here's a video I've recorded a few minutes ago: https://drive.google.com/open?id=0B_s7TcFO7ugRZVJwNEUzS0ZVYmc (https://drive.google.com/open?id=0B_s7TcFO7ugRZVJwNEUzS0ZVYmc)
 

20% profit opportunity available right now.

Proof:


https://drive.google.com/file/d/0B_s7TcFO7ugRSzRpTTFlWTNEd3c/view (https://drive.google.com/file/d/0B_s7TcFO7ugRSzRpTTFlWTNEd3c/view)

With about $300 you would've made the monthly cost back already.

In the video, you'll see 'Adjusted Middle' and an arrow that links two numbers.

For example, 20.044 -> -4.6%, the profit you will receive is the 20.044% profit if you distribute your stake according to the proportions we specify in the sheet.

The negative number can be ignored.

(If you want to know what it represents: it's a calculation used for three way moneyline. Which does not apply to handicap bets, because they include other events such as stake refund or half stake refund).

A nice day with constant opportunities  8)

Video:

https://drive.google.com/file/d/0B_s7TcFO7ugRc1BaQk9vb0VrQ0E/view

This actually not a bad idea...

But I fail to understand why you're doing this.
Arbitrage betting is difficult mainly because it's hard to spot the bets on which you can actually make an arbitrage.
But when you've done it... You can win a big amount without any risk.

So why sharing this data with others? Every time you share this data you also give to sportbookers indications on how avoiding betting arbitrage. Why ruining your business for a monthly fee?

So far I've been unsuccessfully fishing for arbs in your videos. The odds keep on changing since I am too slow to manually go to the links. I need to find out if prescribed links speed up the process quick enough to avoid the situation where one odd lowers because a bookie detects an arb.

Could you give me a 3 day trial for $10 so I can test your tips and also get familiar with the interface if I decide to buy a plan later?
(I also have one question: In the 4th column, are those text boxes used to help the user calculate how much he should bet on each option?)

youre write is never happens, if match without draw and odd is same, team A and team B is odd same 3 and 3
is never, ussualy odds is low and big in two team never same odds and big odds

OP is just giving an example although that is unreal,
but he is just bring up the concept of 'Sure Bet'.

For all interested members, the profit of a 'Sure Bet' is sth around 1% - 3% of your capital each game.
(May have some with more % but it is really rare)

Rebelbetting has 95,000 customers that's more money than can be made placing arbs.

We're hoping to get 1,000-3,000 customers, then the amount we would be making would be similar to how much we can make arbing or surpass it altogether.

Opportunities around 15 minutes on average, video was just to prove that these opportunities exist.

Also, there are opportunities every few minutes, so this isn't an issue.

Prescribed links do indeed speed up the process. You'll get there before the bookie.

Sure PM me I can give you such a trial.

Yes, they help the user to calculate opportunities.

Yep. In reality we include handicap outcomes, draws etc...

Average return for bitcoin arbitrage is higher:

3-6% minimum

Because every day or so there is a 10%+ arb.

Ok fair enough.

I've put mail into your site. Will see how you present the concept further.

Thanks!

We've sent you a discount for subscribing.

Powerbet.io are well know for limiting users and voiding bets. Also they have a Event limit of just 200 mBTC in most cases.
Cloudbet are well knows for showing you a higher odds and when you want to place a bet - offering you a lower odds as correction.

Without a few trial you will find it very hard to gain clients from here. First because of those problems with the bookies and second  because of lack of clients knowledge exactly what they need to do.

Hello,

Yes we know this. That is why for almost all instances of an arbitrage opportunity with powerbet, we include a similar one with cloudbet/fairlay/nitrogensports


Please check the videos posted here to see this for yourself.

We recommend that our customers never place large stakes on powerbet, and only on one event (using round numbers or .5 if possible).


For Cloudbet, we also advise our customers to check odds at checkout before placing a bet.


We've already given out trials, and have already received paying clients from here.


For proof we've posted live videos.


The problem with the bookies is solved by offering multiple alternative bookies, and we will be glad to explain in greater detail what clients need to do.

We've clarified what the customers need to do on the front page, let us know if this is clear enough.



Regards

Ok, what about this?


When I gave my email the offer was also "get the first month free". Now you don't even have a single trial. And I guess you've collected a lot of personal and very targeted information /emails of bettors/ by this "promise".

Even your twitter is stating

Wanted to add that while I did get a 2-3 day trial, it isn't anywhere close to the 1 month that you offered. It's pretty bad to lie about your offers just to grab emails for free, and you should definitely fix this. My trial is also so I could vouch it, as they PMed me and asked me if I would take a trial and give a vouch.

---

The 2 different arbs available right now use PowerBet.io and don't offer a Fairlay/Cloudbet alternative. Will check in a bit to see if there are new ones

Some people subscribed while we were offering 30% off, others during the free-trial promise.

Apologies for this.

Sent you a PM, will give you a free trial.

Didn't intend to lie, but costs are higher than previously expected (which is why we launched so late). So we decided to no longer offer it.


Nevertheless, we apologize for this.

Regarding a 'Trial Week' on Twitter that was a Twitter only promotion.

Which is why we didn't post it here.

We also intended to delete it yesterday.

Please note that we do all of the support/social media marketing/payment processing ourselves, so we are sometimes slow to remove old information.

Apologies for the inconvenience.

Powerbet accepts bet from normal users.

So if you place a bet on a fairly popular event, in round numbers you should be fine.

As there will be no way to distinguish between you and a normal bettor.

We have been doing this since August. No closures, no bans.

That's a really dumb excuse.

You offered people something in exchange for their emails, and decided to not stay with your word. First red flag - would you trust a company that offers something that you took, and then went back on it? Probably not, as the promise was made then and there.

You then took those emails you got from the promise of 1 month of signals for free, and used them for promotion? I got an email 2 days ago telling me that you guys were launched, and I could get 30% off. Second red flag. You took their emails in exchange for a free month when you launched, and now are using them, but you fulfilled your promise.


You should at least give them something, like a reduced 2 week period. People might understand then, but giving them nothing in return really sucks.

---

Might try PowerBet arbs later, but I'm not risking losing potentially 200 mBTC for 0.4% profit.

We gave 30% off to make up for it. That isn't nothing.

People are already paying full prices, so 30% off is a discount.

But yes, I understand your dissatisfaction. Though our financial situation is as it is.


However, you're using our service, so you know that it works.


So the notion  of a "red flag" is bizarre.


We accept Paypal and paying customers can dispute a payment if they don't trust us. Paypal is very Buyer Friendly.


We've even filmed the interface ourselves. And gave you a free trial, so that you can report what you see.

If you are unhappy with the free trial we're offering please let us know.

No, don't get me wrong - the service is pretty good (when it finds arbs at least, I think it's been sittting without arbs for ~1 hour). I'm just kinda disappointed at how your handling your previous promises, and I was angry at something else when I wrote that post, so my use of "red flag" is probably a bad term. My apologies for that.

Hopefully it finds some non PowerBet arbs soon, so I can get a chance to test it out. Have you considered running a service where you pay per arb? Like lets say your bot finds a 5% arb. Someone can see that there's a 5% arb, go to your site, buy it for X BTC, and use it. Almost guaranteed that they can use it, unlike a subscription service where you might miss all the good ones.

That's an excellent idea!

Will give some thought into implementing this in practice.

Thanks

Sorry for replying so late. I am returning home right now and can send a TX in 30 mins.

Edit: thought this was the PM page xd typing on a bus has its disadvantages.

Edit 2: Still waiting for a reply from CBS.

Replied!

How our service works, described in detail: https://www.satoshisignals.com/howthisworks.html

oh so you finally launched guys !! been waiting since November I guess and I was promised to get free trial  :D
so are you giving free trials or I have to pay to test the service ??

PMed.

Have given out several free-trials!

Vouches should be coming through.

the site is really doing great job , I relieved a free trial for a day and it's really good the ROI so far isn't that high but technically it's free money
the main problem I found that the site includes powerbet in so many bets , actually most of the bets involves powerbet which is really risky to play there but it's not a big deal
also anyone knows what bankroll should be good to ROI when using the monthly subscription ? 

Thanks a lot for your review!



I think perhaps you missed the largest opportunities?

This past week there have been over ten 10%+ opportunities.

Here's a 6% right now: https://drive.google.com/file/d/0B_s7TcFO7ugRY3pFOVNyVzNwc0U/view

However, yes the largest ones often come from Powerbet.

Though we detail how to avoid Powerbet detection on this page:

Also the average % from Powerbet is so high, that the expected value from Powerbet is positive - even when taking into account the occasional void.

One approach is to always place a bet on Powerbet first.

That way if it is rejected, you don't lose the other sides.

Also, dividing stake into small parts.

This has allowed us to profit from Powerbet.

More importantly, as you can see in the vid, there are numerous  opportunities from different sites.

1.825% may not seem large but let's consider the ROI when compounding:


$1,000*101.825%^7*4 = $4 539.84 ==> 454%


So if you compound (reinvest) your earnings, ROI should be substantial indeed!



We detail staking and risk-management approach here:


https://www.satoshisignals.com/howthisworks.html



Bankroll need honestly be as low a a few hundred.


Though $1,000 would be great.



Best regards,



SatoshiSignals

Hey there. May I ask how often do you get these updates out throughout the day? Because it looks like you need to be glued to quite a sophisticated computer setup at home in order to take advantage of these events and act fast. Have you ever done this on a phone or a tablet? Is it worth the hassle looking for these all day long for people who do that casually and not professionally like you?  

Hello!

So, the opportunities will be displayed in an auto updating file, in a dropbox folder.

You could view these opportunities on your phone or tablet, checking the file every few minutes.

Opportunities pop up regularly throughout the entire day, since bitcoin arbitrage betting is extremely unsaturated at the moment (file updates every few seconds).

No need for a complicated set up, and no need for speed.

When there are 40-60 minimum opportunities on average and as high as 110, you can rest assured that even the most passive of users have the ability to take advantage of these opportunities!

So, to answer your question: yep, it's worth it.

In summary, every time you open the file, within 20 minutes maximum on average you should find an opportunity.

Let me know if you have other questions.


Best regards,


SatoshiSignals

I had a great experience with the free trial. Arbs are usually around 2% but sometimes it goes all the way to 20%. However, be prepared to have accounts on multiple sites. Most arbs require powerbet, fairlay, cloudbet and/or ebettle. Suggestion: option to filter out sites you don't use? (not just powerbet)

Updates are every 10-15 seconds so tips are relevant and accurate.

Thanks for your vouch and suggestion - will take that into consideration.

I'd like to know what you other arbers are using. Right now, I am only using 3 books atm though I don't get too many arbs on them. I'm looking to get an account on one more site so I can arb more but I can't decide.

It's between cloudbet, ebettle and beteast but they either don't have much reputation, have dodgy deposits/withdrawals and grading or don't have a thread on btctalk.

i'm trying the monthly subscription but after my payment I've been invited to slack and not dropbox folder. There is some shared file but it's almost week old... Where can I find link to the actual file? Thanks

Apologies for the delay, added now.

Hello,

Our arbers are mostly using: betcoin/cloudbet/ebettle/fairlay

you should use cloudbet anyways cause it's kinda good and they have a great first deposit bonus
cloudbet has many positives and negatives but IMO it's better than ebettle and beteast , the last two sites aren't that famous in the community here and we can't be certain about the longevity

30% Discount offer finished.

I'm looking at this and can't decide whether it's worth my time based on the cost for monthly subscription compared to return. People that have used it, would you mind telling me your experience with it? I see you have given some vouch copies but I can't really glean that much info from them.

I took a vouch, so here is my review:

The site works for finding arbitrages. It finds decent profit ones (1%+) quite often, though most of them involve PowerBet.io, which has low limits and the possibility that you will be freerolled.  CryptoBettingSignals posted that there would be at least 40 a day, which is probably true, but the site counts ebettle, betcoin and another UltraPlay book (they all have the exact same odds) as separate arbitrages, so that number might be skewed. If you buy his service, you'll probably be using PowerBet for almost all your arbs. Many of the arbs are also a very low profit, like 0.3% ROI or lower, so you might get only 2 arbs with a 1%+ profit that doesn't use PowerBet. Despite them advertising pre-live arbs only, the service does show live inplay arbs for bookmaker.eu and does dip into some books that require KYC, but accept bitcoin.

I successfully found a 1.8% arb with his service, which unfortunately pushed. It was a Fairlay/Cloudbet arbitrage.

The service is great if you are willing to risk using PowerBet, and not bad if you don't want to risk it. With a large bankroll, you can make back the price of the service, provided you are fairly active and willing to spend time checking the document every so often, and are willing to read the rules of all the bookmakers that you arb on, as SatoshiSignals doesn't precheck them and see which sites have mismatching rules.

Regarding KYC, yes, several books do require it.

But over 90% of arbs occur on a daily basis from books that do not require KYC (Powerbet, Cloudbet, Fairlay, eBettle...).

Note that some sites, such a eBettle, which normally require ID, do not require it for Bitcoin only accounts.

Regarding inplay odds, since they make up less than 5% of arbs we show, for now, it didn't feel honest to advertise offering inplay arbs.

We also offer extensive risk-management advise on our page, we update regularly: satoshisignals.com/howitworks.html

Update:

Regarding Powerbet, to minimise the risk of bets being voided, please bet only small amounts per arb opportunity, and do not use multiple accounts.

2%+ Arb Guaranteed using Cloudbet and Fairlay (or Cloudbet and Betcoin): Right Now.

Grab it!

https://i.imgur.com/OI46q8l.png

Improvement in Astra Giurgiu Arb!

3.855% Guaranteed

https://i.imgur.com/uWy7CmM.png

Once again only Cloudbet and Fairlay.

Thanks for the informative review. Doesn't seem to be what I'm looking for, considering the amount of work I'd have to put in and bankroll and risk it seems to need.

Hope this provides support for our claim that this is really profitable.

Every few days there is a 10%+ opportunity, and every day or so there is a 3%-7% opportunity.

And arbs are not congregated on Powerbet.

I'd be very careful taking arbitrage opportunities with a profit of 10% or higher. With something this big, it's very likely that Cloudbet made an error, and they state in their rules that they can void your bet and winnings, leaving you with a potentially large loss. It's a pretty obvious error too, so you wouldn't have any defense if it's voided.

Edit: seems like it might have been a live in play arbitrage, which could explain the difference

I would agree somewhat with the 30% arb. I would only allocate a small percentage of my stake.

Enough that I could lose it and still be profitable with other arbs. But also enough that winning it would be meaningful.

Though in general, I believe your advise is more suitable to the fiat-betting world.

We've been regularly hitting 10%-20% arbs with no problem since August '16.

This is a really expensive service you are offering and there is really no guarantee that we would be able to place this bets since the odds usually change within minutes. Maybe you should lower the prices as its really steep. Also, I don't see any vouch yet for the service, I am not sure if it is truly worth the money to buy your service.

Edit: found the vouch review, probably skipped it. Reading it now.

Hello,


Odds typically take around 20 minutes to change.

Monthly price is based on the fact that even someone with $200 would make far more than the monthly price costs, if they reinvested their earnings and placed arbs every day (many opportunities available).

From what I read though, your arbitrage opportunities tend to be just below 1% and even down to 0.3% which is small if looking at a per game basis, though if there is really a lot of opportunity it might look promising, however since these bets don't have result immediately after placing bets and we have to wait for the games to finish then that means the funds gets locked into those arbitrage opportunities and not really able to bet on another one. Then another concern is that the service uses sports books that are very sketchy and scammy, which kind of discouraging if a customer don't want to use those sportsbooks.

Hi,

The average arbitrage opportunity so far is 3%.

You can literally ignore all the arbs <1% every day, and be confident that you can place a dozen arbs at 2%+ minimum.

Our paying customers have never complained about low arbitrage percentage.

Because our arbs are the highest available on any betting market.



Most of the arbitrage opportunties come from: Fairlay, Cloudbet, Powerbet.


Fairlay is just an exchange that matches bets between bettors.

It is longstanding and well trusted in this community.


Cloudbet is also well established and trusted, you may see a review on this site, ranking Bitcoin sportsbooks:

https://www.bitedge.co/bitcoin-sportsbook-reviews/cloudbet-sportsbook-review/


Powerbet so far does have an aggressive policy towards arbitrage bettors, but has never stolen a deposit.

It is trusted.


And our customers use the site everyday to place arbs.

It only requires care.


All sites we include have proven to be reliable and trustworthy.


There are books we initially used like Anonibet that have now been removed due to their sketchiness.


Given that some events happen on different days, we recommend splitting up stake (amongst other reasons), to avoid locking in funds for long periods of time.]


Let me know if you have other questions,


Regards

I think Arbitrage betting is for long term investor that have a lot of funds to make full use of the low margin profit, it really needs a lot of patience to see your base investment increase slowly, and this method might not suit some player that aims for fast big profit in a short period of time, but over the long run, I think this method could get you some nice profits into your pockets.

I am really interested in it, but I wanted to try it first before buying it. Hence, all these questions and criticisms based from the review and what I read from it. Can you offer a trial week or days, so I can test out the service first? I might not be using a lot of money in the beginning because I want to test it out first. So I don't think I'll get back what I paid for the service that is why I want to try it first.

PM sent.

While PowerBet does not steal deposits, they do void your winnings, and essentially freeroll you. Let's say you have an arbitrage with odds 2.02 and 2.02. One bet is on PowerBet, and that bet wins. PowerBet realizes your arbitrage betting, and voids your winnings. If you bet 200 mbtc on each side, you are left with only 200 mBTC.

It's basically the same as stealing your deposit, as you rely on the winnings from your bet to cover the losses from your bet on the other sportsbook.

I agree somewhat.

Though Powerbet does not systematically void (note that none of my customers has had a voided Powerbet arb).

So, if customers only place a small percentage of their overall bank on Powerbet, and reinvest their earnings, the expected profit should be positive (based on our experience).

As far as I understand, this site offers some work done for money which is sort of like people on Wall Street in the films. I'd say it is risky and you need to be a professional in this stuff to become good. What reasons do we have here to think the site owners are good in this? And 30%+/Month sounds scammy, honestly. Have you  got any evidence about people who invested and really got what you promised?

I bought the 1 week trial.
I will try this for 1 week with a 0.5 btc bankroll, i'll give my opinion on this thread.

Hello,


This is what we offer:

Arbitrage betting signals from Bitcoin based betting sites.


That's it.

Arbitrage is essentially buying high and selling low, but in this context with betting.

We tell you when these opportunities exist.


No need to be a professional, you just need to be able to place bets.

We will walk you through everything.


Proof that 30%+ can be made a month?


You can inspect the printscreens and videos we have posted.

These show valid opportunities to make risk-free (arbitrage) profit by taking advantage of the difference in the way odds are priced across different betting sites.

You can even verify with the respective betting sites that these opportunities did indeed exist.


Several members here have purchased a subscription or have received vouches.


Let me know if you have other questions!


Best regards

Ok I'm definitely interested.

Though using powerbet too much might be a bit risky IMHO
They have a strict policy concerning arbitrage betting xD

PM sent

how would powerbet know that you did an arbitrage bet?

If you always bet weird numbers (ie 192.38 mBTC, 49.29, 58.11, 182.34), always using the markets that their odds are quite different than other sites, always depositing, making 1 bet and instantly withdrawing after the bet settles, betting on a large variety of small leagues. They might also purposely increase the odds of something to create an arbitrage, as a trap. Maybe they'll buy CryptoBettingSignals' service and see who bets on the PowerBet arbs given by their site.

There's quite a few ways of them finding out.

ok understood, thx

what is your opinion about their service here?

thx again and in short it is not worth to lose your time and maybe even some satoshis

If you do not use Powerbet you face no risk of having a voided bet.

Also bear in mind:

1. His report is based on the few days in which he received a vouch. He doesn't have enough evidence to make a sweeping statement.

Note the cloudbet/ebettle/fairlay   4%+ arbs I posted on page 4. This happens regularly.

2. All of our paying customers are making money.

3. Average daily arbitrage bet excluding Powerbet is 3%.  This is based on data from August 2016.

Also, the claim that you need a large bankroll for this to be profitable is patently wrong.

Open up a spreadsheet and work out how much you would make in a month if you started with $200, reinvested everything and the average arb was 2%.

The answer is ~$900.

And empirical evidence shows the average non powerbet arb is larger than that.

Some points I forgot to address.

1. If numerous ultra play books share the same odds what does this mean?

It means there are more arbs!

So the suggestion that these arbs somehow don't count doesn't make sense.

Imagine a book has a $200 limit on a game, but you can exploit the same arb across 3 sites. Assuming they all have a $200 limit you've now placed $800.


Secondly, ultraplay books share similar odds but rarely the exact same. Why is that?

Because odds are a function of money wagered, so by definition if a sufficiently uneven amount of money is wagered across these sites, odds will differ.

2. Reinvesting money means you don't need a large bankroll thanks to exponential growth of compound interest!

3. The 40 daily arbs figure included only arbs greater than 1%.

So the idea that the bulk of arbs are low 0.3% opportunities is wrong.

4. The KYC books are included to give people more opportunities. But they can be totally ignored and don't even make up 5% of arb opportunities.

5. It's completely wrong that you might find only 2 arbs excluding Powerbet >1%.


More like 10-20

Wow
I'm not so sure about this figure...
First you've to take into account all the problems linked with numerous deposits and withdrawals
Plus the potential problems (some sites are actually looking at arbitrage betting and prohibiting it, like powerbet)

I'm sure your service is worth and awesome but don't overestimate it ^^

actually what you are saying is that darkstar did not a correct review. but he says it was only for a few days and therefore he couldnt give a detailed and correct feedback. I believe him cause he is a trusted member and he also has enough knowledge about arbs.

why not you give him a month or at least as much he needs to test your service and give us his opinion if it is worth to buy your service.

or why dont you use your own service with our money and you guarantee the % that you are promising and you escrow it?

I am the first who will send you some coins if you guarantee those percentages and you will escrow the refund if you lose

I am sure there will be plenty more who want to invest in you

We've been exploiting these arbs since 2016.

In fact, bitedge has been exploiting this since around 2014, which is why they only give out 1 free arb a day and have never opened up a signal service.

No sites except powerbet are aggressive towards arbers, we've tested this thoroughly.

The math is just compound interest check yourself if you'd like.

200*1.02^7*4 = $918

This is what I can do:

Take a 1 week free trial, pay by paypal, if there are less than 5% worth of arbs in a week you can open a claim and get a full refund.

are you serious? that you find arbs that doesnt mean anything cause who knows if anyone can get them!

how about I will give you some BTC and you tell me how much in % you will give me in one week and we both escrow it. if you do less than 5 % you pay me the 5% and we do another week and so on. like this I am sure to get 5% :)

otherwise you are just fooling around imo

haha, Not a bad idea from JackpotRacer...
Yes, why not do it this way?

Will OP accept for JackpotRacer's deal?

Have you ever had problems with bookies over betting funny numbers due to the arbs? I have read your tips about trying to use round numbers and amounts ending in 777 etc. making the impression of being lucky numbers and such but I am not sure if these tactics could fool the bookies. Are you sure there will be no issues like void bets and account closures in the long term because they might turn a blind eye for some time but if this becomes systemic would they still allow it? And most importantly, could funds gained via arbing be seized?

Simple answer: YES
Not only that but you could be banned from the gambling site too.
Power bet has such policy for example.
It's not that easy to do. But bookers are looking for the too smart players you can be sure of that :/

We don't handle money, this has legal implications.

Plus this is not how arbitrage betting signal service companies conduct business.

See Rebelbetting for example.

However, this is what I can do instead:

1. Put your subscription in escrow.

2. Place bets everyday from our arb sheet.

3. If you follow our guidelines exactly and make 5% back,  you vouch for the service and the money gets released to us.

If you don't follow our guidelines, or make a mistake that has nothing to do with us (misreading the sheet for example), money still gets released to us.

If you follow everything and don't make 5% back, money gets released to you.


This deal is only for one-week, the last vouch that will be given.

We are trying to run a scalable signal service business, so we will not be escrowing subscriptions by default.

Let me know if you accept this deal.

Best regards

At the moment, if you avoid Powerbet, you will be fine.

Fairlay for example, is a betting exchange.

A betting exchange has literally zero incentive to ban arbers, because arbers are the ones providing liquidity on their exchanges.

Arbers (and market makers) are the reason why they have a valid business.

Regarding the other websites, for now they do not have an aggressive anti-arber policy.

Will this change in the future?

Maybe, maybe not. But there is no evidence for this yet.

Hence why this is the best time to start.

With all due respect, this is not completely accurate.

Betting exchanges do not ban arbers. Fact.

Arbers provide liquidity on their exchanges, why on Earth would they ban arbers?

Secondly, we have 6 months of empirical evidence that other websites (i.e. not Powerbet) do not ban arbers.

So there is zero evidence right now, to support the notion that other books will seize profits.

in one word = unacceptable

you dont handle money :) ok but you can handle your own money right?

so you escrow 2 BTC + 2.5% and I escrow 2 BTC you handle your 2 BTC and do 5% in one week and split with me. if you dont do the 5% in one week and you did any mistakes and you didnt do 5% you split again 5% cause you did the mistake.

how about this deal? you know your arbs best and you cant miss an arb as you try to make us believe that your arbs are easy doing 5% and more in a week.

lets start and I will vouch for you after 4 weeks and the escrow can also confirm the results

Do bookmakers (sportsbooks) know about arbitrage?

The sportsbooks create arbitrage opportunities because they need to balance their book. Remember that you can't go to a single sportsbook and bet on all outcomes of an event without losing money. The sportsbooks are only interested in profit they make when they have balanced book. Their profit, so called margin, is amounts wagered minus the winnings and is between 2% and 8% of total stakes. Furthermore, sports arbitrage betting doesn't infringe any bookmakers terms of use and is completely legal method to make money online.

Source: http://www.sportsbettingworm.com/arbitrage-betting/

I think OP claims can be backed my the above article. Not sure why Powerbet care about this. They will win or lose money based on single bet. I will try to subscribe to OP's program after I have some BTC on my wallet. Thanks!

"unacceptable" - if you do not like our service, feel free to ignore it. Our customers are very pleased with their returns.


"you try to make us believe that your arbs are easy doing 5% and more in a week."

No.


We have provided evidence in the form of links in screenshots. Find them on page 2-4.


You can verify that these opportunities existed by contacting the respective sportsbooks. The entire URL is exposed.


If all you want is proof that the program finds 5%+ arbitrage opportunities, then this is all you need.


We gave you an offer that we didn't have to, but were willing to indulge anyways.


But your suggestions are becoming preposterous.


"you know your arbs best"

No.

We don't have a magic crystal ball to detect when an arb will occur. We use the same data as everyone who pays for the service.

In fact, our customers find more arbs than us, since they spend more time looking at the sheet.


Just want to clarify one important fact.


You can verifythat these games will return the profit stated by checking the odds, and checking the outcome.


My customers purchase a subscription because they don't have to trust me:

It's basic arithmetic.


We will not play this puerile game.


If you do not understand arbitrage betting look it up online.


Otherwise feel free to ignore this service.


Best regards,


SatoshiSignals

this looks like a ponzi for me invest xxx get xxx its all scammy.

Nothing to invest. Please read the thread.


We do not handle money.


Arbitrage signals service.

That's it.


We accept Paypal because they offer buyer protection, so you do not have to trust us.

Thanks for that.

Let us know if you have other questions!

your answers telling me and should tell all to ignore your service

We refuse to be bullied and blackmailed into this ridiculous contest.

If you understand how arbitrage betting works, and you want proof that we are running a legitimate service, we can provide you with a vouch (i.e. a free one-day trial).

Otherwise, this is a sheer act of bullying and we will not indulge such behaviour.


PS: It's very telling that you show no interest in verifying that these opportunities exist.

Instead you want to bully us into giving you a freebie.

This will not work with us.

Very interesting that you shared a 70% arb a bit after you posted that. Having a line @7 on what is probably the favorite is such an obvious error, that you wouldn't even have a defense if they voided your bet.


Tell me that the 70% arb was not due to an human error or system problems, without lying. You can't.


That's assuming the game starts the same day, which doesn't always happen. I've placed arbs (before, not with your service) on events 3-4 days in the future.



Fairlay odds change after a bet is placed, almost every time to balance the books. Cloudbet odds change sometimes after a large BTC amount is placed. Yes, it gives multiple options, but the site you use to counter the first bet will almost always have an odds change.

---

My stats about the number of arbs aren't exact, and are based on my experience. I spent 3-4 hours one night refreshing the document looking for arbitrages every 15 minutes or so, and only 2 arbs with 1% profit that don't use PowerBet.io came up.

1. With all due respect, you obviously have no idea how the bulk of these sites run compared to their established fiat counterparts.

You would be surprised indeed what they honour.

But yes, such an arb is a palpable error.


2.  Wrong.

We've hit multiple palps with no problem.

Once again, with all due respect, perhaps you should spend a few months BTC arbing.


3. No it doesn't assume the bets start on the same day.


You can divide your stake into parts and the same effect can be effectively produced.

For example, imagine each game is spaced 3 days apart, and you place a bet everyday.

You may consider the third day as the initial point and count 30 days after.


4. Provide evidence that once a bet is confirmed at a certain odd, the odds will change.

Unless this is not what you mean by "odds change".

If you mean, odds displayed can change, then this is pretty obvious since Fairlay is an exchange.

Regarding Cloudbet are customers are advised to double check odds before placing bets.


"almost always" - where is your empirical evidence?


5. " I spent 3-4 hours one night refreshing the document looking for arbitrages every 15 minutes or so,"

Indeed, so with so little experience, your vouch provides some insight, but you are not in a position to make assertions about the frequency or type of arbs we display.


Hope we do not come across as hostile, just wish to clarify certain things.

Update.

That's sad that you will be shutting down, but the plans for a future service seem pretty good. Good luck with that.

What was the final straw? Was it PowerBet requiring KYC from a lot of customers? PowerBet voiding arbitrage bets? Betcoin limiting players? Also, what books have you had problems with? Wanting to know so I can avoid having any problems when I try new books.

But CryptoBettingSignals I think you said earlier in the thread that you have been doing arbitrage betting for more than 6 months with great results and no issues along the way and now you are saying this:



So how is this even possible? Did you really fly under their radar the whole time or what? Were you sincere with us from the get-go or not? This experiment is not brief because as per your words you have been doing it for almost half a year or more already.

just check his answers to my postings and questions. it was written on the wall

Basic Maths.

One person betting $1,000/day vs 40 people betting $1,000/day (And on the same events. ).

Which one do you think is more noticeable?




Whatever. See the above and use common sense.

Powerbet requiring KYC.

Their entire approach was entirely dishonest, and it's a book I would never consider touching again.

Is there any possibility that you could use another sportbook ? It seemed a cool service !

Basic math or not, you knew this was going to happen sooner or later didn't you? Of course it would be more noticeable, I even wrote about that in my replies to you earlier in this thread but you shrugged them off  ::)

Sad that this was closing already, I was very interested in this a few weeks back and asked op for a trial and was waiting to be free on a weekend to try it. Sad to see it go already and wasn't even able to try it out. I feel the concern of some posters here. I think the sports books you were trying to bet on will likely notices what you are doing, especially if there are tons of users.

Oops this is closed already. I think they were screwed by the unreliable betting sites that display odds yet adjusted or not available when you make an actualy bet. It sucks actually. And it's sad that even Directbet do that not just seldom but all the time.  :(

that's right mate, we are all circulating in one forum so those house owners will able to notice this huge action, i think OP should make some selected service which can only be seen by numbers of participants, i think if ever mate will reopen this for sure it would be much better to limit participants.