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Author Topic: Bitcoin arbitrage betting  (Read 1266 times)
michkima
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May 19, 2017, 03:01:34 AM
 #21

I would just advise you to just avoid arbitrage betting. Sports bookies are getting smarter every day and since most bookies don't allow arbitrage betting, you can get your account locked. They will know you are betting an arbitrage quite easily, because usually arbitrage betts will look like this

Quote
0.0325478652BTC on GSW -10 @ 1.95

Which totally gives you off that you are arbitrage betting and hence you can get banned an your balance forfeited.

I agree, there are been people who got busted with this and got their accounts banned or blocked then their balance was confiscated by the website which is totally bad. You should really consider that risk if you are really going to do this. But, well, good luck man.
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Caladonian
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May 19, 2017, 04:01:21 AM
 #22

I would just advise you to just avoid arbitrage betting. Sports bookies are getting smarter every day and since most bookies don't allow arbitrage betting, you can get your account locked. They will know you are betting an arbitrage quite easily, because usually arbitrage betts will look like this

Quote
0.0325478652BTC on GSW -10 @ 1.95

Which totally gives you off that you are arbitrage betting and hence you can get banned an your balance forfeited.

I agree, there are been people who got busted with this and got their accounts banned or blocked then their balance was confiscated by the website which is totally bad. You should really consider that risk if you are really going to do this. But, well, good luck man.
Well this has been an issue that has been raised before since theirs a chance that odds can be different from house to house aside from blocking or suspending an account theirs also possibilities that the game can be cancel without  notice if the owners find about this they can easily say that it was just a mistake  from the system.

 
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May 19, 2017, 04:01:40 AM
 #23

Hey,
Is there any arbitrage betting alert service that scans Bitcoin bookies? (Nitrogensports, Cloudbet, etc..)
Thanks.

I have arbitraged in the past between bitcoin bookies and fiat bookies. There are no services, but just people claiming to be posting arbitrage bets. Nothing is active at the moment though. Best way is to make a bot to track those bets as humans would take too much time.
But these were highly risk involved. My question is what's​ the need of an arbitrage betting when we have got lots and lots of gambling websites with cent percent legitimacy. Also you could participate in events that you're​ much aware off, but with arbitrage betting you could be availed a few games.


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May 20, 2017, 08:40:30 PM
 #24

Well there aren't a lot of Bitcoin bookies so I will not even advice you to try arbitrage betting with Bitcoin bookies because you might not necessarily be able to make the required margin for reasonable profit. So if you're thinking arbitrage I guess it's best to stick and stay with the fiat bookies.



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