This is going to useful for those who are familiar with sports arbitrage. If you are not familiar with this, you might need to spend some time to understand what I am talking about.
There are 2 categories of bookmakers. Sharp bookmakers such as Betfair, Pinnacle, IBCbet, Sbobet, and soft bookmakers like William Hill, Ladbrokes, StanJames, PaddyPower etc. Sharp bookmakers are very sensitive and react very quickly when odds are moving. It is believed that Sharp bookmakers represent the real value of every bet. On the other hand soft bookmakers are not that fast when changing their odds. The reason behind this is the fact that players that bet there are square, while players using sharp books are indeed sharp. Another reason for this is that most soft bookmakers are taking bets from their street shops as well and it takes a lot of time until an internet trend finds its way to the street shops. William Hill, Ladbrokes etc, have to balance the bets that they take from the streets with those that they take from the Internet. Betfair and Pinnacle don’t have to do this because they don’t have street shops. Therefeore, the odds that you get from soft bookmakers hide an extra value, while odds from the sharp bookmakers have the real price.
Professional arbitrageurs observed that over the long run bets placed in Sharp bookmakers tend to lose while bets placed in soft bookmakers tend to win. That said, if you are doing arbitrage while betting, money will move from sharp bookmakers to soft bookmakers.
A very well-known arbitrageur gathered data from his actions for the last 3-4 years and presented them here:
http://arbusers.com/index.php/topic,2215.msg27855.html#msg27855He made more than 30.000 bets following arbitrage strategies, he observed the phenomenon that I just described and presented it in the link that gave you.
Now, where is the catch here? As you might know there are Asianbookies who are offering accounts in Sharpbooks such as Betfair, Pinnacle, IBCbet, Sbobet etc, and they do accept Bitcoins as a deposit method. The most well-known Asianbookies that accept bitcoins are AsianConnect88 and Premiumtradings. The strategy that I suggest here is deposit bitcoins to AsianConnect88 and Premiumtradings and deposit real money in soft bookmakers. Following arbitrage techniques you will be able to move money from sharp bookmakers to soft bookmakers and then withdraw this money as real cash to your e-wallets.
There are side profits here as well.
- You get bonuses whenever depositing to a bookmaker. Depending on where you live, soft bookmakers could give you anything from 50 euros to 200 euros each.
- You get the arbitrage profit that could be anything from 0% to 3-4% for each arb you take.
- You could get cash back from e-wallets and the Asianbookies depending on your volumes. (Search asianbookies cash back)
On the other hand, arbitrage techniques come with significant risks. Those who are not familiar with arbitrage might face dangers and capital loss. Another bad point of my theory is that soft bookmakers will eventually limit your accounts when they find out that you are doing arbitrage.
I hope you find my theory useful. Thanks for reading.
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