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Author Topic: Local sports book, arbs?  (Read 607 times)
gadado
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January 17, 2021, 04:18:25 PM
 #81

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.
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January 18, 2021, 11:47:13 AM
 #82

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.

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January 19, 2021, 06:42:15 PM
 #83

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.
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.
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January 20, 2021, 10:59:47 PM
 #84

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.
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. Roll Eyes

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January 31, 2021, 04:00:48 AM
 #85

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.
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.

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.
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