Local sports book, arbs?

[eddie13]

They just opened a sports betting place local to me, I don’t have much experience with this..
You sports betting guys see any opportunity for arbitrage here?

[ongkok87]

I advise you not to participate in arbitrage betting practices. this is a guarantee for problems with bookmakers. they can close your account and not cash out your winnings. if you want money without taking risks, you should go to work and not gamble

[eddie13]

I advise you not to participate in arbitrage betting practices. this is a guarantee for problems with bookmakers. they can close your account and not cash out your winnings. if you want money without taking risks, you should go to work and not gamble

I do work..
Nothing wrong with arbitrage that I know of..
Used to do a lot of exchange arbing, but not sportsbooks.. Yet..

[GenesisIDT]

I advise you not to participate in arbitrage betting practices. this is a guarantee for problems with bookmakers. they can close your account and not cash out your winnings. if you want money without taking risks, you should go to work and not gamble

That kind of talk in the gambing section? lol what are you the moral police?

@OP
Like you I am also new to sports betting. This article helped me a lot. Take a look.
https://www.beatingbetting.co.uk/matched-betting-tips/arbitrage-betting/#:~:text=Put%20simply%3A%20with%20arbing%2C%20you,a%20match%20even%20kicks%20off.

[eddie13]

I bet the jets to win and I won

I got all my bets money back and all my bar tab money back lol

6 bets and 1 win puts me up...
I like this..

[josephdd1]

I bet the jets to win and I won

I got all my bets money back and all my bar tab money back lol

wow congrats buddy. How much did you win?
The jets are looking strong this season so far so the odds must be on a downtrend these days.

[eddie13]

I bet the jets to win and I won

I got all my bets money back and all my bar tab money back lol

wow congrats buddy. How much did you win?
The jets are looking strong this season so far so the odds must be on a downtrend these days.

I bet $10 on jets @ +1100 and won $110 paid $120..

Spent $70 on bets and $50 at the bar (big tip)..
Broke even basically..

Made 6 bets and only won one but it covered all..
HA!!

Thanks!!
Was fun!!

Still wanna arb this place if I can..

[Sujoris]

I bet the jets to win and I won

I got all my bets money back and all my bar tab money back lol

wow congrats buddy. How much did you win?
The jets are looking strong this season so far so the odds must be on a downtrend these days.

I bet $10 on jets @ +1100 and won $110 paid $120..

Spent $70 on bets and $50 at the bar (big tip)..
Broke even basically..

Made 6 bets and only won one but it covered all..
HA!!

Thanks!!
Was fun!!

Still wanna arb this place if I can..

I do not get the betting culture lol was the bartender a hot Scandinavian girl?
Tell me something, would fan tokens (like PSG/JUV/BAR/ATM etc - that I am discussing in my other thread) have any real impact on small online and offline bets like these?

[LimLims]

I bet the jets to win and I won

I got all my bets money back and all my bar tab money back lol

wow congrats buddy. How much did you win?
The jets are looking strong this season so far so the odds must be on a downtrend these days.

I bet $10 on jets @ +1100 and won $110 paid $120..

Spent $70 on bets and $50 at the bar (big tip)..
Broke even basically..

Made 6 bets and only won one but it covered all..
HA!!

Thanks!!
Was fun!!

Still wanna arb this place if I can..

Congratulations on your win.
But still gonna advise you that don’t try to Arbitrage anywhere.
If they will caught you, then they will confiscate your funds and if you love your money then better to avoid this.

Moreover as in the OP you mentioned that a sports betting place has been opened near to you, does this mean Gambling is legal in your country and does that place owns a license of running a Gambling point?
If it doesn’t then you might surely fall in trouble if some government officials notice it.
I am just warning you friend. Good luck with the winnings.

[lebregone]

If in case they are legal and gambling is legal in your country then you can take advantage of it if you think you have the chances to make a money for it.

But if it is not a license then it will be best if you will just avoid it even if it is near to you so you can avoid any problem. And as you have said you don't have much experience with it so it will be good if you will just forget that there is a sports betting near in your place for your own good.

[Haunebu]

What the heck is up with some of the posters spreading wrong information regarding arbing? Personally, I have arbed on several occasions successfully and I know people who did the same and earned well.

In majority of these cases, arbers get caught, but the accounts get limited(Not shut down or anything). Also, very few betting sites confiscate your earnings.

Arbing isn't immoral or anything, but it is definitely tough to execute these days due to books getting smarter.

[LEVSKI7]

any account that wins is limited.
https://arbusers.com/index.php?topic=6715.0

[Japinat]

Check on the bookies here and compare the spread the local bookies are offering, if you see some opportunity then go for the arbitrage betting. However, I believe your local bookie are not stupid to give an odds that is not based on the major bookies, I believe they are just also following the point spread from big bookies just like the small bookies or crypto bookies in the space.

I have compared the NCAA spread on the picture in this website https://www.covers.com/sports/ncaab/matchups?selectedDate=2020-12-20
and it seems they are just the same, so no arbitrage opportunity for you.

[eddie13]

Yes it’s legal.. It’s at a major long standing casino but the sports betting bar just got added..
I think some laws must have changed recently allowing it because they are even advertising sportsbetting apps on the radio these days..

[stadus]

Yes it’s legal.. It’s at a major long standing casino but the sports betting bar just got added..
I think some laws must have changed recently allowing it because they are even advertising sportsbetting apps on the radio these days..

So how was it, did you find an opportunity to arbitrage?

Arbitrage is certainly not illegal, a bookie would not know that you are gambling with another site for arbitrage betting, this is indeed a no risk way of making money but opportunity does not present easily, you need to find those little difference in order to successfully do an arbitrage betting.

maybe you can move this thread to Gambling discussion so others will see this and give their opinion.

[eddie13]

Yes it’s legal.. It’s at a major long standing casino but the sports betting bar just got added..
I think some laws must have changed recently allowing it because they are even advertising sportsbetting apps on the radio these days..

So how was it, did you find an opportunity to arbitrage?

Arbitrage is certainly not illegal, a bookie would not know that you are gambling with another site for arbitrage betting, this is indeed a no risk way of making money but opportunity does not present easily, you need to find those little difference in order to successfully do an arbitrage betting.

maybe you can move this thread to Gambling discussion so others will see this and give their opinion.

No.. I haven’t even went back to cash out my win yet.. Busy.. I work, lol..

Didn’t realize this was in the wrong section.. I don’t know the gambling board well..


I need to find where they publish their odds online, but haven’t yet..

[Lorence.xD]

You are the one betting after all so why not do it. I do not see the problem as a player but if you look at a bookie side, this seems like an exploit. But if you do not tell them that you arb then I think that nothing wrong with that, come to think of it, I think that the more site you bet on means that you lose more money even if you are profiting because you win no matter what.

[michellee]

No.. I haven’t even went back to cash out my win yet.. Busy.. I work, lol..
Didn’t realize this was in the wrong section.. I don’t know the gambling board well..
I need to find where they publish their odds online, but haven’t yet..

I remind you that you should cash out your winnings as soon as possible before the casino checks your account. You can spend your time doing that in your busy days, and I am sure that will no need too long to cash out the win money. Never leave your money win money and your initial money in the gambling site or the exchanges for a long time if you do not check the site every day.

[Hydrogen]

Arbitrage opportunities in sports gambling are usually typos or errors which books will not honor. If you can find an independent bookie offering flipped odds who isn't afraid to bet against the house. It is a guaranteed way to profit.

ARB can also be attempted through accumulators and parlays. It would be structured similar to a hedge like this ARB attempt between Henry Cejudo and Demetrious Johnson.



(The bottom 38x parlay was a winner off Henry Cejudo being awarded the win, if Demetrious Johnson beat Cejudo the 8x parlay on top would have hit -- attempt @ ARB)

I thought Jordan Griffin, TJ Dillashaw, Sheymon Moraes, Ricky Simon and Pedro Munhoz were all locks who should have been bigger betting favorites.

The main event I thought would be a 50/50 toss up. With big value on Henry Cejudo.

Combining both sides of a toss up with locks is the closest I've come to achieving ARB in gambling.

[Casdinyard]

Upon reading OP's reply about its legalities and how his experience went, I think there will be no problem participating at all. Iwas first concerned with the legality of it, in a way that what if a game is being betted on with huge bets on it, then there happened to be a raid?? just an example but what I am trying to point out is its effectiveness to operate, 'coz that would be a problem.

Another thing is if he experienced winning and I guess he is doing fine with this one, just having difficulties of withdrawing the winnings due to his job. In some instances Arbs are having offs due to manipulations on the results but to how I see this instance, I think it would be fine to take advantage of being able to win. That's the most important thing in the place, you enjoy the game and you make profit out of it.