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They just opened a sports betting place local to me, I don’t have much experience with this..
You sports betting guys see any opportunity for arbitrage here?



https://i.ibb.co/tHCy2mC/90-F1-AC34-FA46-4726-BBFF-1-AC9-AB075-E8-F.jpg (https://ibb.co/kGcYDHc)
https://i.ibb.co/fGTxnNy/BF78-D2-A9-5-C94-4-F89-BCAC-56753842-C0-E3.jpg (https://ibb.co/zHt472B)

I advise you not to participate in arbitrage betting practices. this is a guarantee for problems with bookmakers. they can close your account and not cash out your winnings. if you want money without taking risks, you should go to work and not gamble

I do work..
Nothing wrong with arbitrage that I know of..
Used to do a lot of exchange arbing, but not sportsbooks.. Yet..

That kind of talk in the gambing section? lol what are you the moral police?

@OP
Like you I am also new to sports betting. This article helped me a lot. Take a look.
https://www.beatingbetting.co.uk/matched-betting-tips/arbitrage-betting/#:~:text=Put%20simply%3A%20with%20arbing%2C%20you,a%20match%20even%20kicks%20off.

I bet the jets to win and I won :)

I got all my bets money back and all my bar tab money back lol

6 bets and 1 win puts me up...
I like this..

wow congrats buddy. How much did you win?
The jets are looking strong this season so far so the odds must be on a downtrend these days.

I bet $10 on jets @ +1100 and won $110 paid $120..

Spent $70 on bets and $50 at the bar (big tip)..
Broke even basically..

Made 6 bets and only won one but it covered all..
HA!!

Thanks!!
Was fun!!

Still wanna arb this place if I can..

I do not get the betting culture lol was the bartender a hot Scandinavian girl?
Tell me something, would fan tokens (like PSG/JUV/BAR/ATM etc - that I am discussing in my other thread) have any real impact on small online and offline bets like these?

Congratulations on your win.
But still gonna advise you that don’t try to Arbitrage anywhere.
If they will caught you, then they will confiscate your funds and if you love your money then better to avoid this.

Moreover as in the OP you mentioned that a sports betting place has been opened near to you, does this mean Gambling is legal in your country and does that place owns a license of running a Gambling point?
If it doesn’t then you might surely fall in trouble if some government officials notice it.
I am just warning you friend. Good luck with the winnings.

If in case they are legal and gambling is legal in your country then you can take advantage of it if you think you have the chances to make a money for it.

But if it is not a license then it will be best if you will just avoid it even if it is near to you so you can avoid any problem. And as you have said you don't have much experience with it so it will be good if you will just forget that there is a sports betting near in your place for your own good.

What the heck is up with some of the posters spreading wrong information regarding arbing? Personally, I have arbed on several occasions successfully and I know people who did the same and earned well.

In majority of these cases, arbers get caught, but the accounts get limited(Not shut down or anything). Also, very few betting sites confiscate your earnings.

Arbing isn't immoral or anything, but it is definitely tough to execute these days due to books getting smarter.

any account that wins is limited.
https://arbusers.com/index.php?topic=6715.0

Check on the bookies here and compare the spread the local bookies are offering, if you see some opportunity then go for the arbitrage betting. However, I believe your local bookie are not stupid to give an odds that is not based on the major bookies, I believe they are just also following the point spread from big bookies just like the small bookies or crypto bookies in the space.

I have compared the NCAA spread on the picture in this website https://www.covers.com/sports/ncaab/matchups?selectedDate=2020-12-20
and it seems they are just the same, so no arbitrage opportunity for you.

Yes it’s legal.. It’s at a major long standing casino but the sports betting bar just got added..
I think some laws must have changed recently allowing it because they are even advertising sportsbetting apps on the radio these days..

So how was it, did you find an opportunity to arbitrage?

Arbitrage is certainly not illegal, a bookie would not know that you are gambling with another site for arbitrage betting, this is indeed a no risk way of making money but opportunity does not present easily, you need to find those little difference in order to successfully do an arbitrage betting.

maybe you can move this thread to Gambling discussion (https://bitcointalk.org/index.php?board=228.0) so others will see this and give their opinion.

No.. I haven’t even went back to cash out my win yet.. Busy.. I work, lol..

Didn’t realize this was in the wrong section.. I don’t know the gambling board well..


I need to find where they publish their odds online, but haven’t yet..

You are the one betting after all so why not do it. I do not see the problem as a player but if you look at a bookie side, this seems like an exploit. But if you do not tell them that you arb then I think that nothing wrong with that, come to think of it, I think that the more site you bet on means that you lose more money even if you are profiting because you win no matter what.

I remind you that you should cash out your winnings as soon as possible before the casino checks your account. You can spend your time doing that in your busy days, and I am sure that will no need too long to cash out the win money. Never leave your money win money and your initial money in the gambling site or the exchanges for a long time if you do not check the site every day.

Arbitrage opportunities in sports gambling are usually typos or errors which books will not honor. If you can find an independent bookie offering flipped odds who isn't afraid to bet against the house. It is a guaranteed way to profit.

ARB can also be attempted through accumulators and parlays. It would be structured similar to a hedge like this ARB attempt between Henry Cejudo and Demetrious Johnson.

https://i.imgur.com/BvmcQZm.jpg

(The bottom 38x parlay was a winner off Henry Cejudo being awarded the win, if Demetrious Johnson beat Cejudo the 8x parlay on top would have hit -- attempt @ ARB)

I thought Jordan Griffin, TJ Dillashaw, Sheymon Moraes, Ricky Simon and Pedro Munhoz were all locks who should have been bigger betting favorites.

The main event I thought would be a 50/50 toss up. With big value on Henry Cejudo.

Combining both sides of a toss up with locks is the closest I've come to achieving ARB in gambling.

Upon reading OP's reply about its legalities and how his experience went, I think there will be no problem participating at all. Iwas first concerned with the legality of it, in a way that what if a game is being betted on with huge bets on it, then there happened to be a raid?? just an example but what I am trying to point out is its effectiveness to operate, 'coz that would be a problem.

Another thing is if he experienced winning and I guess he is doing fine with this one, just having difficulties of withdrawing the winnings due to his job. In some instances Arbs are having offs due to manipulations on the results but to how I see this instance, I think it would be fine to take advantage of being able to win. That's the most important thing in the place, you enjoy the game and you make profit out of it.

If you want one more good tip, there is a user on the forum, LEVSKI7 who only deals with these kinds of things day and night. You could contact him sometime. I wouldn't be surprised if your account was suddenly closed with a bookmaker.

It's a local sportsbook that just opened so you're probably going to be safe arbitrage betting there. Those NCAA odds are no good for arbitrage betting but the NFL odds look really juicy. Most of them are well above +/-200 odds so you'll make a decent net profit.

Arbs are most certainly frowned upon by bookmakers, though if you are not caught -yet-, being the degenerates that we are (lol), I suggest that you pick on guaranteed high value bets and check the odds online or through this forum. Reddit usually has its own place for such tips, and most shared bets there are pretty good that you can use as a reference for your arbs. Your only enemy is the house that actively scans for such activities. But if they aren’t, you’re good.

I'm confused by people saying arb is frowned upon by books.

The biggest opportunity for arb in sports gambling looks like this.

December 25 2020

Minnesota Vikings +276
New Orleans Saints -333

Sometimes a sportsbook offers reversed odds that look like this.

December 25 2020

Minnesota Vikings -333
New Orleans Saints +276

Betting an identical amount on Vikings +276 and Saints +276 would be a guaranteed profit ARB play.

Its usually a typo or error which is why books do not honor it.

But an opportunity for it still exists in cases where an independent book doesn't agree with house odds and offers plus money on the normal betting favorite.

That's awesome, because the betting seems to be executed in a much calculated manner. We can't be sure of the win to happen everytime. A single win out of six events have levelled the spending. Does the same is possible with the next six games and winning a single event.

Yeah I’m probably going to try it again..

The games are basically 50/50 to me because I don’t follow sports at all, so I’ll bet like $10 on anything that’s over +500 and maybe like $20 on anything over +1500..
Only need one win really to pay for them all.. Very nice bar ;)

Don’t have a lot of free time though..

This kind of betting is very common in my local place. But we don't bet the same as in sportsbook, the way they gamble the scores and every possible outcome of a game. The betting here is commonly based on what digits would be the end of the game. The idea is simple, if a game with Team A and Team B is being gambled on, and their final scores would be 78-91, the winning bets is 8-1 (last number). Hence, there could be approximately 100 possibilities (from 0-0 upto 9-9). If there would be no winner, all stakes would go to the bookmaker, yet if you win, you can have 100x win, and the bets were just a dollar or bellow (all would have same bets, so no one would lose more than the others).

And yes, such gambling ways in local area aren't that risky nor bad at all. Everything still depends on the bookmaker as well, in how much you could trust them.

Pardon my ignorance guys, I really only bet on soccer up to now, but in a sport like American football where draws aren't a common outcome, why would a sportsbook have higher moneyline odds for both picks for some games than others?

e.g. for the Jets vs Rams game in OP, you win $110 if you bet $10 on Jets winning but you win $200 if you bet $10 on Rams. But the other games have two picks for which both of their odds that are way less than that.

Logically I would expect one of the picks to have much smaller odds based on their chance of winning.

Are you referring to the second set of odds ? Those are the 1st half lines. I guess it's because of the trends where underdogs tend to get an early lead at the 1st half then goes on losing the game.

If not then here's my reasoning why, the odds for that game is so low than the rest because on paper it's close to guaranteed as the Rams needed the win to have a chance on the second playoff seed in their conference then on the other side you have a winless Jets team. The other teams with only one or two wins in their belt have better odds because they can score, sometimes get a lead but always fail to close out games.

What surprises me here a lot is how op made six bets and only won one which actually the winning covered up all the amount spent, is the arbs thing so hard to predict like that? So meaning, OP won by placing $10 x 11 odds =$110 with some bonus summing up $120 for choosing Jets to win, the odds are pretty too high, meaning someone can quickly become rich over night by betting in arbs?

I don't know much about arbs, but i can draw conclusion to this that;

•  Arbs are difficult to predict meaning the bookmakers manipulate results.
•  A winning in arbs is heavily profitable and one can recover all money spent on other failed bets.
•  Bookmaker gives out results to gamblers, so bettors accepts any result given to them, meanwhile its the opposite of soccer betting.

Please, i need corrections if I'm wrong on those lists above.

Nah I'm talking about the first set which I assume are for fulltime. Though the second set also has unusually high odds for Jets/Rams. As someone coming from decimal odds, I'm still getting used to these moneyline odds, and it seems like higher +/- numbers mean higher (in absolute value) odds, CMIIW.

But this kinda makes sense, because you can't really predict who's going to lead by halftime as good as at the end of the game.


Maybe OP can try arb betting on the Steelers - Bengals today and tell us how that goes, since they also have really high odds. I'm guessing their situation is like what you described for Jets and Rams.

I haven’t made any arb bets yet..
Just won by luck..

Make sense because the odds you shared is the same on most sportsbook have offered, so there's really no chance to arbitrage for you, if there's is (let's say it's possible) you'll only get a very slim chance.

Arbitrage betting is allowed.I don’t see any risk as long as no one of the accounts you use for doing your arbitrage betting does not get closed by the bookmaker.It was a time several years ago where some people lived off with arbitrage betting(a thing I don’t suggest to anyone nowadays) and is completely legal.Now you can go do some arbitrage and win more at least I wish you so.

Because if you'll  win you are just making easy money without a risk, and I don't think it's easy to find those arbitrage opportunity. Maybe there are people who still make money from it, but there are only few as bookies now are getting smart having a standard odds for every specific game.

This just came to my mind is arbitrage betting illegal? well I'm still thinking how do bookie managed to detect players who do arbitrage betting.

It's not illegal because it does not broke any law, we have to understand first what is arbitrage betting in order to know how it worked. Bookies might enjoy an arbitrage betting opportunity on other website so they can do that, the thing is, sportsbook now already understand that if they are not getting the service of the reputable odds market, their site will only be abuse by the arbitrage bettors who has all the tools to succeed.

It's close to impossible to make arbs with local bookies. The stated odds on the brochure are for illustration purposes and different when you are placing real bets.

Local bookies rarely can provide good odds because they have to pay more taxes, salaries, rent, etc.

Some problem occurs with this one before in my place where one of the winners are the enemy of the one who’s running this local sports book, they didn’t give the winning prize, so I also suggest not to participate on this one because its more risky and its better to participate on online gambling site where you can play anonymously.

Would you mind explaining more what happened? I really can't paint the picture based on your comment because in the first place, arbitrage betting is not illegal and you don't tell a gambling site that you are doing an arbitrage betting and in fact when you do an arbitrage betting, it should be from one site then the other site for your other bet.

If that is happening to us, we need to stay away from that place because we will not have a chance to get the money, even if we win legally. No matter what the winner does, the local bookies will do anything to prevent that winner can take the money. I agree that we can use online gambling sites to prevent that fraudulence from the local bookies. Besides that, we can stay away to get a problem from the government if the gambling activity is not legal in our place.

Yes unfortunately things like that are really really common , j have seen people get caught in seconds , if it is indeed legal there you have nothing to worry about , just be smarter than the government.

Rest I do think it is a good thing that you are supporting local businesses during this time. These people are not the one's having a big cut.

But then again it's Riskier , plus online you could find many Gambling sites offering a lot of discounts and even cashbacks since Christmas was right around the corner therefore right now that stuff is more legal and you should try and look for some good betting sites online.


They don't even have a good cut nor do they
Know what they are dealing with. Whereas a crypto gambling site would not only protect your information but it would also provide you with a lot to choose from and a good selection.

Most places specially here in my local area got the problem on authority, jobless person seeks money letting individuals bet for lottery tickets with illegal platforms. Fraud and cheating of winning amount is their tactics to attract gamblers in order to divert demands from them. Convincing them to stay aways was too impossible, since many local followers were now their patronizers of illegal gambling activity that overtaken by this kind of schemes.

The government can not stop jobless person seeks money from gambling games because they think that they will have a chance to make money from that. Maybe they are desperate to make money from the way that they already knew before, but it does not give them much money as they expect. So when they heard about people who can make money from gambling games, they interest and they want to test their luck. It needs more attention from the government to solve those matters. Otherwise, that can be a new problem in that country which will not be solved in a short time.

That's wrong, the government can stop them by banning a casino or a gambling platform.

A jobless person seeking some relief from gambling, I don't think that would solve the problem, instead it will only make the problem worst.
First it did violate the rule of "gamble what you can afford to lose only" these people are jobless, hence they should not be allowed to gamble.

Of course, the government can stop them by banning the casino, but I do not think that person will stop to search for the other casino which will allow them to continue playing gambling. We already have to see that many people depend on the casino to make money, and we know that many of them are losing their money. The jobless person needs to realize that playing gambling can not solve their problem in making money, but they really need to search for a job that will help them to make money. We can not stop them to continue playing gambling because they will still do that if they have the same perception that gambling can give them a way to make money.

in other words the government cant stop the person that wants to gamble because if they ban one or two sites there are still three of four that are available and if they still ban it there are still left , there are thousands of them and its not already possible for all of them to shutdown .
 i have a better solution , why not the government conduct a mini lesson and the topic is gambling , they need to to teach poor people if what can gambling do to them and in the end of that lesson they will provide helpful package to the poor , jobs , money , groceries . to make them obey

Yes, it is difficult for the government to ban them because many other sites will run and operate out of their jurisdictions. That will be out of the government's hands and they can not do anything. Besides that, people can easily access the VPN to avoid the ban and continue playing gambling. That will be more difficult for the government to track them and know their people activity.

So far, the government is still trying to educate its people, but it is not yet maximal, especially in this pandemic situation, which will need more concern from the government.

But why would the government do that ? Just because there are some Jobless people that Playing in gambling site?

They will never sacrifice the whole system for that because there are More capable gamblers than jobless,and the Government are just gaining and gaining funds the more the gambler plays.
Is that really a "Rule" of gambling?  to gamble what you can afford to lose? looks like i have only seeing that in Crypto advices who says "Invest What you can afford to lose" but in gambling? Casino operator wanted you to Bet all in and even take a loan to gamble who cares .

I doubt it's about the jobless people spending money but if the government did ban it just for that reason then those people would be forced to spend their money on better things. It's unlikely but I remember seeing topics about governments planning to put a loss limit on casinos.

You're right they don't care what you do with your money but I don't think they want you to go all in or take a loan knowing they'll lose one of their gamblers for good.

Yeah every trick has a life span and get patched once it becomes saturated and more and more people are doing it. There are people who use latency advantage and make profits but all these tricks come to a halt which also means the casino or sportsbook bans you forever and that means if you make new accounts they will just ban them all and you have no option but to stop betting.

I don't know why guys find tricks in gambling and try to make it like a job, I mean gambling is meant for fun and if you are thinking too much about tricks and holes in the gambling house that means you are addicted and actually desperate to win money which is not a good sign for a gambler.

Actually yes, once the bookmaker realizes that you are into practices like arbitrage betting or courtsiding they will immediately ban your account and some might even forfeit your winnings and deposit as well and ask you to provide KYC and even then do not release funds, I have seen that happened so I know how bad this goes once you are caught.

Unless you are ready to forfeit winnings and deposits you should not even try these type of things because bookmakers are smart and they will realize within 5-10 times of you repeating the same process.

Just because “arbitrage” is a cool sounding word doesn’t mean it’s bad..

I see no reason bookies would do anything but encourage it.. All it is is more bets on their books..

Same as exchange arbitrage, exchanges love it.. More volume, more liquidity..
What’s not to like?


Or maybe it means something more like your not a gambler at all? You think maybe?
I have NEVER placed a single bet at a crypto casino..
The only thing I have been “addicted” to is stacking sats..

I much prefer trading over gambling and these days HODLing is enough gambling kicks for me..

They'll encourage but the question is, can we find that opportunity to arbitrage?
Sportsbook lose nothing, arbitrage bet from you is just a simple bet from them as their always an action in the other side.

They like more bets, true... means they'll make more money from that, but like I said, can we find that opportunity to arbitrage?

I don't think arbitrage betting is a problem either if there is a chance, usually arb betting opportunities are available when you use multiple betting sites and they have different favorite on each site. I am glad you are making profits normally though so continue doing that ;).

He can actually search various sites and might even find some bookie who is offering higher odds on the other team and hence chance to arbitrage but honestly the house edge in sports betting is so big that hardly you can profit much and deposit/withdraw and conversion fees will gobble up most of the margin you earned.

Sites usually have same Odds ,Only in few that they have different providing so This is hard to use arbitrage in specific game.

But we knew Luck comes in different way, some on this and others on that.

Only one thing that everyone has the same,and that is the desire to win each time ,though only small counts are given a chance.

I agree with that, though some sites does not have the same odds provider but their odds is just pretty much similar and I tell you, you can't rely on luck alone to find an arbitrage betting, you need to be good in numbers and has a monitoring software in order to spot few opportunities.

And they have the right to do such ,Thats why engaging in this gambling area needs assurances and Safe decisioning .
Because it is not Easy to lose your funds because you are being Hold or Banned from the sites.
They have Bot in monitoring these action ,that's why this will trigger the alarm and will put your account into questionable right away ,and even before you react the banning will be applied instantly .

Only Few that has proven their innocence ,majority declared Banned.

I believe they have, that's why they can do arbitrage without much effort, however, to create that bot, that requires deep knowledge in programming and not many gamblers have that kind of skills.
Can you elaborate, sports arbitrage is illegal in bookies?

Same thoughts. I'm really surprised when I find out that bookmakers are trying to deal with these types of bets (some write it in the tos) This is illogical, plus it exposes the fact that the bookmaker looks at the player as a victim who must give the money without any chance)


Completely wrong and absurd conclusion. People who are looking for tricks and ways to beat the bookmaker have nothing to do with gamblers. This is a difficult task and the one who can solve it gets a lot of money. In fact, this is a great competition with a good prize. What could be wrong with that? Our whole life is such a competition.

Very well said man, every day we are living, there's always a risk and usually those people who like to take higher risk are getting the bigger reward when they succeed, so gambling is no different, the fact that we have a chance of winning here, some people are ready to take the risk.

As long as  we can use our skills, it should be a go, and sports betting does fit to that purpose.

But I think that is different. Many people will think twice to take a higher risk in real life because they will consider the advantage and disadvantage before deciding. In gambling, people will easily decide to continue playing gambling, and many of them are chasing the winning that they will not be easy to get. Maybe we can use our skills to win in sports betting, but we must remember that the luck factor will also be what we need to have to win.

Depends on the person who handle the risk, but true, gambling is too risky compared to the risk we are taking in our daily living, and of course if you are a gambler, the risk associated to it is just part of the risk in your daily living, may it be in work, business, and even with marriage, everything has a risk.

However, in order to fully understand the risk in gambling, we should not mix up with our real life activities, let's focus on gambling here to make the conversation more specific.

It is right. The risk in our daily living will give us two results in the future, which will bring good things if we realize. But the risk in gambling can make our money will be lost and our life will also ruin. If we relate to our life, we are a gambler with a risk from every decision we take. The risk will be different from gambling than to our life, and we should realize that the risk.

You don't believe you can win in gambling?  The risk is always here, either we loss enough or we loss more, that depends on how we handle ourselves in gambling. Anyway, let's talk about sports arbitrage, and I would stick to my comment that sports arbitrage is not easy, you need to work for it, you need to have the equipment and the formula in order to find success in doing this.

No other formula that I've seen in gambling in order to win is just to have luck. Many gamblers had try tools, machines, and study on what way we have to increase our winning percentage but I don't think that they have found one.
People had come into gambling even though they know that they possibly lose and lose more but this will not stop them to gamble, they are hoping that someday they will be paid off and get the prize.

I respect your opinion, but if you will always believe that luck will only give you a win, then your gambling is gonna be boring.

What I mean is you will not challenge yourself, you just trust your instinct and that's it, for me, that's boring, I love to be challenge that's why I picked sports betting as my game and analyzing the games makes me fulfilled especially if my bet would win.

I believe I can win in gambling, but it is hard for me to try to win in gambling. I have experience in gambling, and most of my time is getting lost, which makes me reduce my time to playing gambling. Yes, the sports arbitrage is not easy because that will need many things to prepare, especially by collecting much information about the match. If we can gather much information from valid sources, our chance to win will be bigger.

It's hard to find a valid source, or whatever you are talking, arbitrage opportunity does not present all the time or even most of the time, it's a rare opportunity that has to be spot immediately so we can put our bet, arbitrage betting can be seen in live betting and pre game bets, so you'll have to look unto that alone.

It depends on where you live but most likely they cannot deny your winnings as you did not cheat, however bookmakers especially local ones are going to notice really quickly that you are winning money and that you are in fact choosing the best lines over and over again so eventually you will be banned to gamble there, this is why when it comes to arbitraging opportunities it is better to take your activities online as there are thousands of casinos that you can use if you happen to be limited or banned in one of them.

It's not that hard to prevent yourself from getting banned when you are winning, you can always use other people to bet for you. I think sports bookies would not banned you if you they getting equal action and they remain profitable, it's just normal that some are winning and some are losing, what's important is their operation is profitable.

Simple answer , Gamble the amount that reserve for this and never the funds that you are reserving for other matter.

As time passes by , i learned to Have this strategy , that i will Only Put some amount from my Wages or other income for gambling , My wife agreed on this so at any chances i have my gambling funds , but the limit is just that and no continuation .

It is known that arbitrage bettors do something like this in order to keep betting in the same casino, but as I have said with so many casinos online for the most part there is no need to do this as you will always have a new casino you can try and get some arbitrage opportunities out of them, besides there is the possibly that such practice is forbidden in the terms of the casinos, and if it is, at that point they could actually ban you and confiscate your winnings as you are not following their rules.

In theory, this is easy, but in fact, using other people for this is almost unrealistic - identity checks are carried out at all stages of the cash flow - at bookmakers, in the payment system, at the bank. There are too many risks to trust someone with your money. The only option that is more or less normal is the help of relatives.

Someone you can trust, if you are not dealing with huge money here, I think bookies would not look into your personal life or investigate. This betting odds are available, you are not cheating, you just won because you are smart enough to do the arbitrage betting, and it doesn't mean when you do that, a specific bookies would lose because it's still the usual thing, you just get a little percent every time there's a result.

Bookies would not know that you are doing an arbitrage betting because you need to do it in different sportsbook, I don't see the risk of getting caught here and as a bettor, you don't always win on a certain bookie, and it's okay to lose in one bookie all the time and win on the other, besides you are doing an arbitrage betting, you'll only gain some percentage regardless of the outcome.

Of course I'm talking about big money. If you make small bets, you will not earn anything. What will be the earnings from $ 100 if you find an arbitrage bet with a 0.5% difference? There is no point in doing this for penny wins. I believe that since you are doing something, you should do it seriously and make some serious money. From here we return to the issue of trust and here I see nothing better than working with relatives.

I guess 1% should be the minimum amount you can earn.. and you are right, that requires big money. Bet $1000 usd, and you'll get 10 usd, I think that is not enough... maybe $10,000 and you'll get $100 the minimum, could already compensate your effort in finding artbitrage betting opportunity.

Only gamble with the money you can afford to lose and trying not to break that to save your money. We need to have that strategy in the name to prevent the big loss. No matter if that is hard, we should not continue to gamble if the situation is not good. It is good to allocate some money to gamble so that it does not disturb the other expenses that we spend monthly.

I agree with you, there are a lot of different people involved. To do such a scheme you need to fully trust other people. You might be able to do it you have some highschool friends in such Jobs, but trusting a stranger no way. As soon as there is some larger sums of money involved the trust goes out of the windows. Only with proper controlle it could work, and if something goes wrong you don't have the law on your side.

There are plenty of arbs to be found. There are a number of users on the forum who understand this. It is of course a bit easier to find online than you want to do at a local betting shop.

I think you are right, with hundreds or thousands of bookies online with different odds provider, you will certainly find an opportunity for arbitrage betting, however, what system will you use to be able to spot it on a timely manner, you need to be fast here and therefore you need an accurate system.

And now you are touching one of the greatest problems with arbitrating not only when it comes to gambling but also when it comes to trading, people look at that way of betting and they think they can make a fortune because after all they could avoid losing a bet for their entire career, however the profits that they are going to get out of those bets are so low that the capital that you need in order to make any kind of significant profits is very high, and if you try to make those bets with cryptocurrencies you only need to get scammed once for you to lose so much money that it will be impossible for you to recover from such loss.

Definitely getting scam is also a big risk when it comes to arbitrage betting, you bet $10,000 to win $100, that's too risky, and wait for it, there's more, since you are arbitrage betting, you need to bet on both teams, hence your exposure will increase to x2 or $20,0000 for $100. ::)

Do you actually think banning anything from the government actually stops it? In that case Bitcoin or cryptocurrencies, in general, would be long dead. How many times was Bitcoin banned across the world? And what made you not stop caring about it?
The only way anything can be stopped if there is a cultural renaissance about that thing you are talking about, something big and dark enough to let people agree unanimously that it is bad. Think about what the Germans did to the jews, only because they stooped to that level, did they come out now with a refreshed anti-racist culture. Well, I am not saying that something as big as jew elimination needs to happen for gambling but at least half a dozen people going broke and bankrupt losing everything they have and then some would serve as a good reminder for the locals to not engage in it.

That's just what I think.