Local sports book, arbs?

[Cacingkemi]

If you want one more good tip, there is a user on the forum, LEVSKI7 who only deals with these kinds of things day and night. You could contact him sometime. I wouldn't be surprised if your account was suddenly closed with a bookmaker.

[NotATether]

It's a local sportsbook that just opened so you're probably going to be safe arbitrage betting there. Those NCAA odds are no good for arbitrage betting but the NFL odds look really juicy. Most of them are well above +/-200 odds so you'll make a decent net profit.

[dothebeats]

Arbs are most certainly frowned upon by bookmakers, though if you are not caught -yet-, being the degenerates that we are (lol), I suggest that you pick on guaranteed high value bets and check the odds online or through this forum. Reddit usually has its own place for such tips, and most shared bets there are pretty good that you can use as a reference for your arbs. Your only enemy is the house that actively scans for such activities. But if they aren’t, you’re good.

[Hydrogen]

Arbs are most certainly frowned upon

I'm confused by people saying arb is frowned upon by books.

The biggest opportunity for arb in sports gambling looks like this.

December 25 2020

Minnesota Vikings +276
New Orleans Saints -333

Sometimes a sportsbook offers reversed odds that look like this.

December 25 2020

Minnesota Vikings -333
New Orleans Saints +276

Betting an identical amount on Vikings +276 and Saints +276 would be a guaranteed profit ARB play.

Its usually a typo or error which is why books do not honor it.

But an opportunity for it still exists in cases where an independent book doesn't agree with house odds and offers plus money on the normal betting favorite.

[n0ne]

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..

That's awesome, because the betting seems to be executed in a much calculated manner. We can't be sure of the win to happen everytime. A single win out of six events have levelled the spending. Does the same is possible with the next six games and winning a single event.

[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..

That's awesome, because the betting seems to be executed in a much calculated manner. We can't be sure of the win to happen everytime. A single win out of six events have levelled the spending. Does the same is possible with the next six games and winning a single event.

Yeah I’m probably going to try it again..

The games are basically 50/50 to me because I don’t follow sports at all, so I’ll bet like $10 on anything that’s over +500 and maybe like $20 on anything over +1500..
Only need one win really to pay for them all.. Very nice bar

Don’t have a lot of free time though..

[Insanerman]

This kind of betting is very common in my local place. But we don't bet the same as in sportsbook, the way they gamble the scores and every possible outcome of a game. The betting here is commonly based on what digits would be the end of the game. The idea is simple, if a game with Team A and Team B is being gambled on, and their final scores would be 78-91, the winning bets is 8-1 (last number). Hence, there could be approximately 100 possibilities (from 0-0 upto 9-9). If there would be no winner, all stakes would go to the bookmaker, yet if you win, you can have 100x win, and the bets were just a dollar or bellow (all would have same bets, so no one would lose more than the others).

And yes, such gambling ways in local area aren't that risky nor bad at all. Everything still depends on the bookmaker as well, in how much you could trust them.

[NotATether]

Pardon my ignorance guys, I really only bet on soccer up to now, but in a sport like American football where draws aren't a common outcome, why would a sportsbook have higher moneyline odds for both picks for some games than others?

e.g. for the Jets vs Rams game in OP, you win $110 if you bet $10 on Jets winning but you win $200 if you bet $10 on Rams. But the other games have two picks for which both of their odds that are way less than that.

Logically I would expect one of the picks to have much smaller odds based on their chance of winning.

[ralle14]

Pardon my ignorance guys, I really only bet on soccer up to now, but in a sport like American football where draws aren't a common outcome, why would a sportsbook have higher moneyline odds for both picks for some games than others?

Are you referring to the second set of odds ? Those are the 1st half lines. I guess it's because of the trends where underdogs tend to get an early lead at the 1st half then goes on losing the game.

If not then here's my reasoning why, the odds for that game is so low than the rest because on paper it's close to guaranteed as the Rams needed the win to have a chance on the second playoff seed in their conference then on the other side you have a winless Jets team. The other teams with only one or two wins in their belt have better odds because they can score, sometimes get a lead but always fail to close out games.

[Lordhermes]

What surprises me here a lot is how op made six bets and only won one which actually the winning covered up all the amount spent, is the arbs thing so hard to predict like that? So meaning, OP won by placing $10 x 11 odds =$110 with some bonus summing up $120 for choosing Jets to win, the odds are pretty too high, meaning someone can quickly become rich over night by betting in arbs?

I don't know much about arbs, but i can draw conclusion to this that;

•  Arbs are difficult to predict meaning the bookmakers manipulate results.
•  A winning in arbs is heavily profitable and one can recover all money spent on other failed bets.
•  Bookmaker gives out results to gamblers, so bettors accepts any result given to them, meanwhile its the opposite of soccer betting.

Please, i need corrections if I'm wrong on those lists above.

[NotATether]

Pardon my ignorance guys, I really only bet on soccer up to now, but in a sport like American football where draws aren't a common outcome, why would a sportsbook have higher moneyline odds for both picks for some games than others?

Are you referring to the second set of odds ? Those are the 1st half lines. I guess it's because of the trends where underdogs tend to get an early lead at the 1st half then goes on losing the game.

Nah I'm talking about the first set which I assume are for fulltime. Though the second set also has unusually high odds for Jets/Rams. As someone coming from decimal odds, I'm still getting used to these moneyline odds, and it seems like higher +/- numbers mean higher (in absolute value) odds, CMIIW.

But this kinda makes sense, because you can't really predict who's going to lead by halftime as good as at the end of the game.

If not then here's my reasoning why, the odds for that game is so low than the rest because on paper it's close to guaranteed as the Rams needed the win to have a chance on the second playoff seed in their conference then on the other side you have a winless Jets team. The other teams with only one or two wins in their belt have better odds because they can score, sometimes get a lead but always fail to close out games.

Maybe OP can try arb betting on the Steelers - Bengals today and tell us how that goes, since they also have really high odds. I'm guessing their situation is like what you described for Jets and Rams.

[eddie13]

I haven’t made any arb bets yet..
Just won by luck..

[Japinat]

I haven’t made any arb bets yet..
Just won by luck..

Make sense because the odds you shared is the same on most sportsbook have offered, so there's really no chance to arbitrage for you, if there's is (let's say it's possible) you'll only get a very slim chance.

[swogerino]

Arbitrage betting is allowed.I don’t see any risk as long as no one of the accounts you use for doing your arbitrage betting does not get closed by the bookmaker.It was a time several years ago where some people lived off with arbitrage betting(a thing I don’t suggest to anyone nowadays) and is completely legal.Now you can go do some arbitrage and win more at least I wish you so.

[Russlenat]

Arbitrage betting is allowed.I don’t see any risk as long as no one of the accounts you use for doing your arbitrage betting does not get closed by the bookmaker.It was a time several years ago where some people lived off with arbitrage betting(a thing I don’t suggest to anyone nowadays) and is completely legal.Now you can go do some arbitrage and win more at least I wish you so.

Because if you'll  win you are just making easy money without a risk, and I don't think it's easy to find those arbitrage opportunity. Maybe there are people who still make money from it, but there are only few as bookies now are getting smart having a standard odds for every specific game.

[pungopete468]

This just came to my mind is arbitrage betting illegal? well I'm still thinking how do bookie managed to detect players who do arbitrage betting.

[Viscore]

This just came to my mind is arbitrage betting illegal? well I'm still thinking how do bookie managed to detect players who do arbitrage betting.

It's not illegal because it does not broke any law, we have to understand first what is arbitrage betting in order to know how it worked. Bookies might enjoy an arbitrage betting opportunity on other website so they can do that, the thing is, sportsbook now already understand that if they are not getting the service of the reputable odds market, their site will only be abuse by the arbitrage bettors who has all the tools to succeed.

[BigBoy89]

It's close to impossible to make arbs with local bookies. The stated odds on the brochure are for illustration purposes and different when you are placing real bets.

Local bookies rarely can provide good odds because they have to pay more taxes, salaries, rent, etc.

[crzy]

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

Some problem occurs with this one before in my place where one of the winners are the enemy of the one who’s running this local sports book, they didn’t give the winning prize, so I also suggest not to participate on this one because its more risky and its better to participate on online gambling site where you can play anonymously.

[Ziskinberg]

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

Some problem occurs with this one before in my place where one of the winners are the enemy of the one who’s running this local sports book, they didn’t give the winning prize, so I also suggest not to participate on this one because its more risky and its better to participate on online gambling site where you can play anonymously.

Would you mind explaining more what happened? I really can't paint the picture based on your comment because in the first place, arbitrage betting is not illegal and you don't tell a gambling site that you are doing an arbitrage betting and in fact when you do an arbitrage betting, it should be from one site then the other site for your other bet.