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Author Topic: Betting Arbitrage  (Read 320 times)
luckybot (OP)
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September 03, 2019, 01:37:29 PM
 #1

Betting on sports is very risky. Sometimes you win, sometimes you lose. This is NOT a long-term strategy to make you money, no matter how lucky you are. I am offering a private service that allows you to bet on sports and win money no matter what the outcome. By subscription to this service you get multiple high quality signals in crypto-only casinos (for which no verification is needed). Each of these signals allows you to make a few % return on your investment with no risk.

To get additional info feel free to join LuckyBot Discord server.
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September 03, 2019, 03:28:52 PM
 #2

Each of these signals allows you to make a few % return on your investment with no risk.
No risk? This word doesnt exist or doesnt fit out.

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September 04, 2019, 05:26:12 PM
 #3


No risk? This word doesnt exist or doesnt fit out.

in a perfect world arbitrage betting indeed has no risk since you are betting all the possible outcomes and benefiting from the different odds in different sites
BUT almost all sites are against arbitrage bettors ( except few asian ones )  which means sometimes the books may void your winning bets so you end up losing

there used to be a similar bitcoin service called satoshi signals and it used to scan the books to find arbs , it lasted a month or 2 since it stopped due to lack of interest
at that time most of their arbs had a site called powerbet ( which scammed and closed long time ago ) and they didn't tolerate the arbs so they ended scamming some people or at least limiting them to bet only small amounts

in short arbitrage does exist , but it's really not worth it with bitcoin sites ( actually even fiat sites don't tolerate arbitrage bettors )
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September 04, 2019, 07:27:39 PM
 #4

But you already gave a background that betting won't give someone means to living and sustaining and you are selling a signal too. What is now the guarantee to make it a living with your signal  Grin
Or it can only be better with your signal?
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September 05, 2019, 02:07:05 AM
 #5

Betting on sports is very risky. Sometimes you win, sometimes you lose. This is NOT a long-term strategy to make you money, no matter how lucky you are. I am offering a private service that allows you to bet on sports and win money no matter what the outcome. By subscription to this service you get multiple high quality signals in crypto-only casinos (for which no verification is needed). Each of these signals allows you to make a few % return on your investment with no risk.

To get additional info feel free to join LuckyBot Discord server.

You are contradicting your own statement.

Mentioning sports betting is very risky while at the end your signals will sure returns with no risk involved. Smiley

Sports betting is not about signals. If you are good to it then better keep it to yourself and be rich.
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September 05, 2019, 03:05:29 AM
 #6

Betting on sports is very risky. Sometimes you win, sometimes you lose. This is NOT a long-term strategy to make you money, no matter how lucky you are.
I think this is the time when you are going to evaluate yourself in your gambling strategies and how you are going to come up with the right formula for you. It's like trading, it's hard but somehow, you could make it work if you have the right attitude and risk assessment.

I am offering a private service that allows you to bet on sports and win money no matter what the outcome. By subscription to this service you get multiple high quality signals in crypto-only casinos (for which no verification is needed). Each of these signals allows you to make a few % return on your investment with no risk.
So you will have multiple signals in one bet? You included in your subject that it's Betting Arbitrage in which you could try to use multiple sports betting casinos and taking advantage of some spread. Isn't that right?



Mentioning sports betting is very risky while at the end your signals will sure returns with no risk involved. Smiley
I think the no risk involved is the part where you use the Arbitrage opportunity that you could have.

What is Arbitrage
Arbitrage is the simultaneous purchase and sale of an asset to profit from an imbalance in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms. Arbitrage exists as a result of market inefficiencies and would therefore not exist if all markets were perfectly efficient.

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September 05, 2019, 06:15:20 AM
 #7

Betting arbitrage is for people who don't have a daily job,they stay before the computer all day long to find a bet that no matter the outcome it is always a win.You can be one of them but not all people are jobless and thus they don't have much time to follow your signals so this is a very difficult job to do even when someone sends us signals.

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omonuyak
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September 05, 2019, 06:21:15 AM
 #8

Each of these signals allows you to make a few % return on your investment with no risk.
No risk? This word doesnt exist or doesnt fit out.
As far as it is a way of making money, it much involved risk. There is “no risk” ways in gambling. If you are investing in bankrolling you are still taking risk as it is still very much possible to lose your money. I have decided never to subscribe to any of these too good to be true signal providers as it always end with story that it is not good to hear.
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September 05, 2019, 06:45:36 AM
 #9

One of the largest hedge fund busts ever was from risky arbitrage bets on certainties that had to pay off, a certain profit for everyone and the bank roll was billions.   It did work to start off but after some time the impossible happened and even with the knowledge and operative expertise of several Noble prize winners and other geniuses, despite many billions in backing from private, company and banking capital they still went bust.   It was so giant it was the direct predecessor to Lehmans, they assumed that their risks would always come their way eventually but it just got worse for them.    
  I realise you are talking on a much lower scale and sports not general market risks but the its same idea of its a certain win, unfortunately theres always risks and the more people force a profit the bigger it can fall over.    Its maybe ok if you take profits regularly and presume one day the betting firm just walks off with the account balance, which I believe is a possibility due to T&C and other arguments.  
   The example I'm referring to was LTCM if you want to look it up, a big deal in the 90's and of course we never learnt properly from it.  Their former legal council now writes books and gives interviews on the forthcoming multi national big bust cycle, by the name of Jim Rickards and its definitely relates to BTC which he mentions as part of the dollar system speculative economy.

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September 05, 2019, 06:58:05 AM
 #10

in a perfect world arbitrage betting indeed has no risk since you are betting all the possible outcomes and benefiting from the different odds in different sites
BUT almost all sites are against arbitrage bettors ( except few asian ones )  which means sometimes the books may void your winning bets so you end up losing
I partially agree with you here. Sportsbooks only void bets in certain cases(Match suspended, Player retired etc) and not because you placed an arb. They generally limit or ban arbers, but allow them to withdraw their winnings(Reputable sites like Bookmaker etc).

Op is clearly advertising something which everyone know and there are softwares out there(Rebelbetting, Betburger etc) to help with this which is why what he is offering is pointless.

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September 05, 2019, 07:20:54 AM
 #11

Each of these signals allows you to make a few % return on your investment with no risk.
No risk? This word doesnt exist or doesnt fit out.
Exactly that the words "gamble" and "no risk" dont belong in the same sentence
Careful of arbing Sportsbooks that have a "no arb" policy (yes some really do) because they might keep your BITCOIN

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September 05, 2019, 11:28:01 AM
 #12

I don't think any bookie would ever allow this type of practice tbh, as this might result into a void of a winning bet for the most part. Also by arbitraging, you are already placing two bets in a single go, and if ever a bookie allows it, the profit would be ridiculously low on some events that it's not worth the time and the effort at all. Better to just go in a single bet and hope for the best than waste your time into betting two tickets in one go and risk your account getting banned.

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September 05, 2019, 11:39:17 AM
 #13

I'm aware that Betting Arbitrage arbitrage has no risk at all, however, I'm also aware that it's hard to trust our money to other people to do this for us.
You are getting a subscription fee for this which I doubt normal, the fact that you know how to do this thing, you should already do this own your own and enjoy a big amount of winning.

Honestly, I'm rather pay for a premium pick in sports betting than paying for the subscription fee in betting Arbitrage as I haven't seen someone offers this kind of service in the forum that gain a lot of followers.

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September 05, 2019, 11:57:53 AM
 #14

If this works so well as you claim, you should atleast afford the copper badge to increase your trust alittle on this forum. No experienced member would trust a newbie with neutral reputation and few posts.
Maybe give some stuff to few well-known members to test. if they work for them consistently then you will definitely attract large patronage.
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September 05, 2019, 12:12:44 PM
 #15

Arbitrage betting do works and many of the gambling sites and bookkeepers are okay with Arbitrage betting.
The only catch here is the profit as compared to the funds is very low. The profit is mostly below 1% and there are other risks involved.
Another issue is there is no surety about an open arbitrage window everyday and if you don't act quick, you may lose the arbitrage.
There are other factors like withdrawal fees of the exchange.



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September 05, 2019, 12:18:28 PM
 #16

in a perfect world arbitrage betting indeed has no risk since you are betting all the possible outcomes and benefiting from the different odds in different sites
BUT almost all sites are against arbitrage bettors ( except few asian ones )  which means sometimes the books may void your winning bets so you end up losing
I partially agree with you here. Sportsbooks only void bets in certain cases(Match suspended, Player retired etc) and not because you placed an arb. They generally limit or ban arbers, but allow them to withdraw their winnings(Reputable sites like Bookmaker etc).

Op is clearly advertising something which everyone know and there are softwares out there(Rebelbetting, Betburger etc) to help with this which is why what he is offering is pointless.

not really mate , books do shady stuffs a lot of the time and if you are just betting normal stakes then you can afford a voided bet unlike when you are arbitraging when sometimes you may stake your whole bankroll on a certain match
if one of your bets lost in one bookie while the other bookie voided your bet that won you will be on huge loss

it happens and you would be surprised how dirty books can be sometimes , here is an example recently when nitrogen voided a legit market ( after people raged on reddit and SBR they honored the bets tho )
https://bitcointalk.org/index.php?topic=5176799

if you had an arbitrage bet and the winning part was on nitrogen you can easily bust a lot of money ( arbitrage betting is much more aggressive than normal betting so as I said sometimes people stake a large percentage of their bankroll )

also personally I had a bet on one of the Germany amateur matches , I divided my stake on fortunejack and sportsbet
same bet in both sites but sportsbet paid me my winnings while fortunejack voided the bet , the match was paused for a little of time then teams continued playing and the bet won
so even when betting same match and same outcome each bookie will act differently if something happened during the match
 
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September 05, 2019, 02:08:26 PM
 #17

If this works so well as you claim, you should atleast afford the copper badge to increase your trust alittle on this forum.
so far i see no user availed on his promtions so there is no proof if it is really working but i dont think that there is no such thing as making money no matter what is the outcome , like the op said   . buying a cooper membership wont also increase his trust  .

As far as it is a way of making money, it much involved risk. There is “no risk” ways in gambling. If you are investing in bankrolling you are still taking risk as it is still very much possible to lose your money.

yes i agree on you but why there are still other users here that says arbitrage has no risk  ?  in this world everything has a risk imho , how much more in trading or gambling or on everything that money is involved
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September 05, 2019, 05:49:01 PM
 #18

If you approach the arbitrage rates with a cold head, you can really earn money, but unfortunately the percentage of earnings is not very high. Also, do not forget that to make money on the arbitration rates should be very careful to choose a bookmaker, as some of these offices may not be quite honest. And one more thing - it's your time that you spend on this activity.

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September 05, 2019, 06:55:33 PM
 #19

This is a pure gambling signal service. The term arbitrage is an attraction. Somehow op has planned to make a living out providing signals on sports betting. These days people are much aware about this signal services and they are keen in making their own decisions as they're risking their own money. He has mentioned this to be risk less earning which is quite attractive and misleading.

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September 05, 2019, 07:00:59 PM
 #20

Some sites/sportsbooks will also limit your account or even ban your account if they detect you're trying to arbitrage games, which is something you should be aware of before trying this out (and a big reason why I don't arb/stopped arbing). I've never really tried arbing on crypto-based sites before so I don't know how they tolerate it, but on fiat sites you'll usually get shut down really fast.
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