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Author Topic: SatoshiSignals: We'll be closing the service for now...  (Read 3760 times)
JackpotRacer
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February 17, 2017, 05:38:51 PM
 #101

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.

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

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



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% Smiley

otherwise you are just fooling around imo



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

in one word = unacceptable

you dont handle money Smiley 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


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February 17, 2017, 05:48:47 PM
 #102

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!
CryptoBettingSignals
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February 17, 2017, 05:55:13 PM
 #103

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.

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

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



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% Smiley

otherwise you are just fooling around imo



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

in one word = unacceptable

you dont handle money Smiley 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



"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

SatoshiSignals
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February 17, 2017, 05:56:25 PM
 #104

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

Join the SHIFT chat
https://shiftnrg.ryver.com
CryptoBettingSignals
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February 17, 2017, 05:58:29 PM
 #105

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.

SatoshiSignals
CryptoBettingSignals
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February 17, 2017, 05:59:40 PM
 #106

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!

Thanks for that.

Let us know if you have other questions!

SatoshiSignals
JackpotRacer
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Racer and Lottery game are Closed


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February 17, 2017, 06:08:26 PM
 #107

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.

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

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



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% Smiley

otherwise you are just fooling around imo



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

in one word = unacceptable

you dont handle money Smiley 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



"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

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




CryptoBettingSignals
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Activity: 97

goo.gl/9jGNC2


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February 17, 2017, 06:10:59 PM
 #108

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.

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

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



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% Smiley

otherwise you are just fooling around imo



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

in one word = unacceptable

you dont handle money Smiley 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



"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

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.

SatoshiSignals
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February 17, 2017, 06:14:30 PM
 #109

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

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.

Human error / System problems

If a bet is accepted at a price that is materially different from those available in the general market at the time the bet was made or clearly incorrect given the chance of the event occurring then the Operator will void all these bets.

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

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

200*1.02^7*4 = $918

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.


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.

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.

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
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██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
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........T H E   F U T U R E.................
......................o f   B E A U T Y
........


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February 17, 2017, 06:28:40 PM
 #110

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

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.

Human error / System problems

If a bet is accepted at a price that is materially different from those available in the general market at the time the bet was made or clearly incorrect given the chance of the event occurring then the Operator will void all these bets.

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

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

200*1.02^7*4 = $918


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.


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.

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.

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February 18, 2017, 03:20:10 PM
 #111

Nice and Safe Betcoin/Fairlay Arb!

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February 19, 2017, 07:13:37 PM
 #112


Update: We no longer offer a monthly/plan. Only weekly at $30/week.

Current customers will have their current plans honoured.

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February 23, 2017, 09:13:43 AM
 #113

Update.

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February 23, 2017, 02:08:30 PM
 #114

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.

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██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
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........T H E   F U T U R E.................
......................o f   B E A U T Y
........


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February 23, 2017, 02:32:45 PM
 #115

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:

Quote
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.


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.

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February 23, 2017, 02:40:51 PM
 #116

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:

Quote
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.


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

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February 23, 2017, 11:16:05 PM
 #117

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:

Quote
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.


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.

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?



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

Whatever. See the above and use common sense.


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February 23, 2017, 11:17:46 PM
 #118

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.

Powerbet requiring KYC.

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

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February 23, 2017, 11:46:45 PM
 #119

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

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February 24, 2017, 05:43:40 AM
 #120

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:

Quote
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.


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.

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?



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

Whatever. See the above and use common sense.



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  Roll Eyes

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