Local sports book, arbs?

[ethereumhunter]

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.

If that is happening to us, we need to stay away from that place because we will not have a chance to get the money, even if we win legally. No matter what the winner does, the local bookies will do anything to prevent that winner can take the money. I agree that we can use online gambling sites to prevent that fraudulence from the local bookies. Besides that, we can stay away to get a problem from the government if the gambling activity is not legal in our place.

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[fiulpro]

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.

Yes unfortunately things like that are really really common , j have seen people get caught in seconds , if it is indeed legal there you have nothing to worry about , just be smarter than the government.

Rest I do think it is a good thing that you are supporting local businesses during this time. These people are not the one's having a big cut.

But then again it's Riskier , plus online you could find many Gambling sites offering a lot of discounts and even cashbacks since Christmas was right around the corner therefore right now that stuff is more legal and you should try and look for some good betting sites online.

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.

They don't even have a good cut nor do they
Know what they are dealing with. Whereas a crypto gambling site would not only protect your information but it would also provide you with a lot to choose from and a good selection.

[Hippocrypto]

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.

If that is happening to us, we need to stay away from that place because we will not have a chance to get the money, even if we win legally. No matter what the winner does, the local bookies will do anything to prevent that winner can take the money. I agree that we can use online gambling sites to prevent that fraudulence from the local bookies. Besides that, we can stay away to get a problem from the government if the gambling activity is not legal in our place.

Most places specially here in my local area got the problem on authority, jobless person seeks money letting individuals bet for lottery tickets with illegal platforms. Fraud and cheating of winning amount is their tactics to attract gamblers in order to divert demands from them. Convincing them to stay aways was too impossible, since many local followers were now their patronizers of illegal gambling activity that overtaken by this kind of schemes.

[ethereumhunter]

Most places specially here in my local area got the problem on authority, jobless person seeks money letting individuals bet for lottery tickets with illegal platforms. Fraud and cheating of winning amount is their tactics to attract gamblers in order to divert demands from them. Convincing them to stay aways was too impossible, since many local followers were now their patronizers of illegal gambling activity that overtaken by this kind of schemes.

The government can not stop jobless person seeks money from gambling games because they think that they will have a chance to make money from that. Maybe they are desperate to make money from the way that they already knew before, but it does not give them much money as they expect. So when they heard about people who can make money from gambling games, they interest and they want to test their luck. It needs more attention from the government to solve those matters. Otherwise, that can be a new problem in that country which will not be solved in a short time.

[Japinat]

The government can not stop jobless person seeks money from gambling games because they think that they will have a chance to make money from that.

That's wrong, the government can stop them by banning a casino or a gambling platform.

A jobless person seeking some relief from gambling, I don't think that would solve the problem, instead it will only make the problem worst.
First it did violate the rule of "gamble what you can afford to lose only" these people are jobless, hence they should not be allowed to gamble.

[ethereumhunter]

The government can not stop jobless person seeks money from gambling games because they think that they will have a chance to make money from that.

That's wrong, the government can stop them by banning a casino or a gambling platform.

A jobless person seeking some relief from gambling, I don't think that would solve the problem, instead it will only make the problem worst.
First it did violate the rule of "gamble what you can afford to lose only" these people are jobless, hence they should not be allowed to gamble.

Of course, the government can stop them by banning the casino, but I do not think that person will stop to search for the other casino which will allow them to continue playing gambling. We already have to see that many people depend on the casino to make money, and we know that many of them are losing their money. The jobless person needs to realize that playing gambling can not solve their problem in making money, but they really need to search for a job that will help them to make money. We can not stop them to continue playing gambling because they will still do that if they have the same perception that gambling can give them a way to make money.

[imstillthebest]

The government can not stop jobless person seeks money from gambling games because they think that they will have a chance to make money from that.

That's wrong, the government can stop them by banning a casino or a gambling platform.
A jobless person seeking some relief from gambling, I don't think that would solve the problem, instead it will only make the problem worst.
First it did violate the rule of "gamble what you can afford to lose only" these people are jobless, hence they should not be allowed to gamble.

Of course, the government can stop them by banning the casino, but I do not think that person will stop to search for the other casino which will allow them to continue playing gambling.

in other words the government cant stop the person that wants to gamble because if they ban one or two sites there are still three of four that are available and if they still ban it there are still left , there are thousands of them and its not already possible for all of them to shutdown .
 i have a better solution , why not the government conduct a mini lesson and the topic is gambling , they need to to teach poor people if what can gambling do to them and in the end of that lesson they will provide helpful package to the poor , jobs , money , groceries . to make them obey

[ethereumhunter]

The government can not stop jobless person seeks money from gambling games because they think that they will have a chance to make money from that.

That's wrong, the government can stop them by banning a casino or a gambling platform.
A jobless person seeking some relief from gambling, I don't think that would solve the problem, instead it will only make the problem worst.
First it did violate the rule of "gamble what you can afford to lose only" these people are jobless, hence they should not be allowed to gamble.

Of course, the government can stop them by banning the casino, but I do not think that person will stop to search for the other casino which will allow them to continue playing gambling.

in other words the government cant stop the person that wants to gamble because if they ban one or two sites there are still three of four that are available and if they still ban it there are still left , there are thousands of them and its not already possible for all of them to shutdown .
 i have a better solution , why not the government conduct a mini lesson and the topic is gambling , they need to to teach poor people if what can gambling do to them and in the end of that lesson they will provide helpful package to the poor , jobs , money , groceries . to make them obey

Yes, it is difficult for the government to ban them because many other sites will run and operate out of their jurisdictions. That will be out of the government's hands and they can not do anything. Besides that, people can easily access the VPN to avoid the ban and continue playing gambling. That will be more difficult for the government to track them and know their people activity.

So far, the government is still trying to educate its people, but it is not yet maximal, especially in this pandemic situation, which will need more concern from the government.

[peter0425]

The government can not stop jobless person seeks money from gambling games because they think that they will have a chance to make money from that.

That's wrong, the government can stop them by banning a casino or a gambling platform.

But why would the government do that ? Just because there are some Jobless people that Playing in gambling site?

They will never sacrifice the whole system for that because there are More capable gamblers than jobless,and the Government are just gaining and gaining funds the more the gambler plays.

A jobless person seeking some relief from gambling, I don't think that would solve the problem, instead it will only make the problem worst.
First it did violate the rule of "gamble what you can afford to lose only" these people are jobless, hence they should not be allowed to gamble.

Is that really a "Rule" of gambling?  to gamble what you can afford to lose? looks like i have only seeing that in Crypto advices who says "Invest What you can afford to lose" but in gambling? Casino operator wanted you to Bet all in and even take a loan to gamble who cares .

[ralle14]

But why would the government do that ? Just because there are some Jobless people that Playing in gambling site?

They will never sacrifice the whole system for that because there are More capable gamblers than jobless,and the Government are just gaining and gaining funds the more the gambler plays.

I doubt it's about the jobless people spending money but if the government did ban it just for that reason then those people would be forced to spend their money on better things. It's unlikely but I remember seeing topics about governments planning to put a loss limit on casinos.

Casino operator wanted you to Bet all in and even take a loan to gamble who cares .

You're right they don't care what you do with your money but I don't think they want you to go all in or take a loan knowing they'll lose one of their gamblers for good.

[RealMalatesta]

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.

Yeah every trick has a life span and get patched once it becomes saturated and more and more people are doing it. There are people who use latency advantage and make profits but all these tricks come to a halt which also means the casino or sportsbook bans you forever and that means if you make new accounts they will just ban them all and you have no option but to stop betting.

I don't know why guys find tricks in gambling and try to make it like a job, I mean gambling is meant for fun and if you are thinking too much about tricks and holes in the gambling house that means you are addicted and actually desperate to win money which is not a good sign for a gambler.

[darewaller]

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.

Actually yes, once the bookmaker realizes that you are into practices like arbitrage betting or courtsiding they will immediately ban your account and some might even forfeit your winnings and deposit as well and ask you to provide KYC and even then do not release funds, I have seen that happened so I know how bad this goes once you are caught.

Unless you are ready to forfeit winnings and deposits you should not even try these type of things because bookmakers are smart and they will realize within 5-10 times of you repeating the same process.

[eddie13]

Just because “arbitrage” is a cool sounding word doesn’t mean it’s bad..

I see no reason bookies would do anything but encourage it.. All it is is more bets on their books..

Same as exchange arbitrage, exchanges love it.. More volume, more liquidity..
What’s not to like?

I don't know why guys find tricks in gambling and try to make it like a job, I mean gambling is meant for fun and if you are thinking too much about tricks and holes in the gambling house that means you are addicted and actually desperate to win money which is not a good sign for a gambler.

Or maybe it means something more like your not a gambler at all? You think maybe?
I have NEVER placed a single bet at a crypto casino..
The only thing I have been “addicted” to is stacking sats..

I much prefer trading over gambling and these days HODLing is enough gambling kicks for me..

[Japinat]

I see no reason bookies would do anything but encourage it.. All it is is more bets on their books..

They'll encourage but the question is, can we find that opportunity to arbitrage?
Sportsbook lose nothing, arbitrage bet from you is just a simple bet from them as their always an action in the other side.

They like more bets, true... means they'll make more money from that, but like I said, can we find that opportunity to arbitrage?

[jaberwock]

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

I don't think arbitrage betting is a problem either if there is a chance, usually arb betting opportunities are available when you use multiple betting sites and they have different favorite on each site. I am glad you are making profits normally though so continue doing that .

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.

He can actually search various sites and might even find some bookie who is offering higher odds on the other team and hence chance to arbitrage but honestly the house edge in sports betting is so big that hardly you can profit much and deposit/withdraw and conversion fees will gobble up most of the margin you earned.

[btc78]

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

I don't think arbitrage betting is a problem either if there is a chance, usually arb betting opportunities are available when you use multiple betting sites and they have different favorite on each site. I am glad you are making profits normally though so continue doing that .

Actually gambling sites sometimes has the same odds provider, so they don't differ to each other, and if we think it's easy, I guess there's a lot of people already making money from arbitrage betting. Arbitrage betting is harder than arbitrage trading, believe me, I've tried this and it doesn't work, maybe I'm just dumb or not smart enough.

Sites usually have same Odds ,Only in few that they have different providing so This is hard to use arbitrage in specific game.

But we knew Luck comes in different way, some on this and others on that.

Only one thing that everyone has the same,and that is the desire to win each time ,though only small counts are given a chance.

[Botnake]

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

I don't think arbitrage betting is a problem either if there is a chance, usually arb betting opportunities are available when you use multiple betting sites and they have different favorite on each site. I am glad you are making profits normally though so continue doing that .

Actually gambling sites sometimes has the same odds provider, so they don't differ to each other, and if we think it's easy, I guess there's a lot of people already making money from arbitrage betting. Arbitrage betting is harder than arbitrage trading, believe me, I've tried this and it doesn't work, maybe I'm just dumb or not smart enough.

Sites usually have same Odds ,Only in few that they have different providing so This is hard to use arbitrage in specific game.

But we knew Luck comes in different way, some on this and others on that.

Only one thing that everyone has the same,and that is the desire to win each time ,though only small counts are given a chance.

I agree with that, though some sites does not have the same odds provider but their odds is just pretty much similar and I tell you, you can't rely on luck alone to find an arbitrage betting, you need to be good in numbers and has a monitoring software in order to spot few opportunities.

[Fredomago]

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.

Actually yes, once the bookmaker realizes that you are into practices like arbitrage betting or courtsiding they will immediately ban your account and some might even forfeit your winnings and deposit as well and ask you to provide KYC and even then do not release funds, I have seen that happened so I know how bad this goes once you are caught.

And they have the right to do such ,Thats why engaging in this gambling area needs assurances and Safe decisioning .
Because it is not Easy to lose your funds because you are being Hold or Banned from the sites.

Unless you are ready to forfeit winnings and deposits you should not even try these type of things because bookmakers are smart and they will realize within 5-10 times of you repeating the same process.

They have Bot in monitoring these action ,that's why this will trigger the alarm and will put your account into questionable right away ,and even before you react the banning will be applied instantly .

Only Few that has proven their innocence ,majority declared Banned.

[Viscore]

They have Bot in monitoring these action ,that's why this will trigger the alarm and will put your account into questionable right away ,and even before you react the banning will be applied instantly .

I believe they have, that's why they can do arbitrage without much effort, however, to create that bot, that requires deep knowledge in programming and not many gamblers have that kind of skills.

Only Few that has proven their innocence ,majority declared Banned.

Can you elaborate, sports arbitrage is illegal in bookies?

[KTChampions]

Just because “arbitrage” is a cool sounding word doesn’t mean it’s bad..

I see no reason bookies would do anything but encourage it.. All it is is more bets on their books..

Same as exchange arbitrage, exchanges love it.. More volume, more liquidity..
What’s not to like?

Same thoughts. I'm really surprised when I find out that bookmakers are trying to deal with these types of bets (some write it in the tos) This is illogical, plus it exposes the fact that the bookmaker looks at the player as a victim who must give the money without any chance)

I don't know why guys find tricks in gambling and try to make it like a job, I mean gambling is meant for fun and if you are thinking too much about tricks and holes in the gambling house that means you are addicted and actually desperate to win money which is not a good sign for a gambler.

Completely wrong and absurd conclusion. People who are looking for tricks and ways to beat the bookmaker have nothing to do with gamblers. This is a difficult task and the one who can solve it gets a lot of money. In fact, this is a great competition with a good prize. What could be wrong with that? Our whole life is such a competition.