Sports arbitrage

[pawanjain]

I haven't tried this, but is this profitable or legal? It seems to be difficult and time-consuming where you can find this error considering there are a lot of bookies out there. Could be possible if you have a team with different account, could this be possible by web scraping?

Even I am hearing this for the first time. Sports betting arbitration described by OP seems like a rare thing to happen.
I have heard of people taking advantage of time delay in live betting but what OP is saying is completely different.
Has anyone else tried this and is it beneficial in the long run ?

Really guys? But you don't look like a newbie here and I can see you two often make post in gambling and gambling discussion boards. The OP just drop some clue if what is it but one must be careful on attempting it as many sports betting sites are against with this strategy. You can get into serious trouble if the site caught you.

There are lots of people who come here to complain about the same issue and often mistaken that the sports betting site that they are using is a scam but it was actually their fault on why their accounts got blocked and their money or wins have been confiscated. The time delay that you are talking about there is also one of the tactics use by the sports bettors but I think that one is more legal than arbitrage betting.

Actually, I have heard that its illegal to bet on a live match where you are watching the match in the stadium.
I have read about cses where the caught a person in the stadium betting on the live match since the time dealy to show on live stream was of 6 seconds.
So the person used this delay to bet and win the match but eventually got caught and was then punished for the same.

[TheGreatPython]

I used to do this when I had the luxury of time. You'll gain a few $$$ every now and then, but to me it isn't really worth it unless you have the big bucks in your pocket that you can risk at a moment's notice. You also have to be updated on a lot of sports events at the same time in order to keep up with the necessary number of bets required to make this activity fruitful and worth your while. It's like a full-time job, but you have the knowledge, the patience, and the money in order to make bank.

In my experience, I never try arbitraging in sports it seems to be an easy thing to do right but then from what I am seeing it requires some time to spend because you need to make a research about sports teams so it cannot be really easy. As what you have said it requires a huge amount of money as well then I think it will also be like the arbitraging that we are doing in trading the only difference it we need to research teams stats and rosters in this gambling.

It may seem easy if you are only a spectator watching from a third-person perspective, but it isn't if you are involved yourself. It is time-consuming and definitely requires a lot of research and analysis before you can place the bets, you should also have information and details about each bookie where you will place the bets.

You may also need to be careful since it could be dangerous for your money as bookies don't really like such activities. If found guilty, you may lose your funds permanently to the house and never get them back.

[pawel7777]

Arbitrage strategies in sports betting are usually hedges.

If you have a 5 play accumulator (parlay) with the first 4 plays being successful.

Savvy gamblers will often make the opposite bet from what they need to finish the final segment of their accumulator, producing arbitrage conditions where they will be nearly guaranteed to win something. Unless the rare event of a draw occurs.

I have not seen or heard about casinos or sportsbooks cracking down on hedging practices. There are other methods to setup arbitrage scenarios.

The hedge you described is not really what is generally understood as "arbitrage". There's no real reason for sports betting sites to crack down on such hedging.

[Davidvictorson]

Sports arbitrage is basically when you make profit from matches regardless of the outcome of those matches just by taking advantage of odd difference between book makers. Odd difference on the other hand occur as a result of error in setting the odds by the bookmakers.

I need to try this out. From the small search I have done, sports arbitrage is more work than regular sports betting because making a profit here requires the punter to do twice as much decision analysis, research and then someone who is smart enough to make quick decisions because it. You either win big or lose big.

[Japinat]

Sports arbitrage is basically when you make profit from matches regardless of the outcome of those matches just by taking advantage of odd difference between book makers. Odd difference on the other hand occur as a result of error in setting the odds by the bookmakers.

I need to try this out. From the small search I have done, sports arbitrage is more work than regular sports betting because making a profit here requires the punter to do twice as much decision analysis, research and then someone who is smart enough to make quick decisions because it. You either win big or lose big.

To make your job effective, it requires a tool. If you have none, then don't try to get serious with arbitrage betting. Although many believe that sports arbitrage is the best way to make money in sports betting, there are actually only a few who have succeeded in this, leaving the rest to be just normal bettors who rely on self-analysis and take risks on their bets.

The job is quite interesting because there's zero risk, but it's important to ask yourself if you're capable of doing it.

[SirLancelot]

To make your job effective, it requires a tool. If you have none, then don't try to get serious with arbitrage betting. Although many believe that sports arbitrage is the best way to make money in sports betting, there are actually only a few who have succeeded in this, leaving the rest to be just normal bettors who rely on self-analysis and take risks on their bets.

The job is quite interesting because there's zero risk, but it's important to ask yourself if you're capable of doing it.

What kind of tool are you referring to? Are there also tools that can be used to evaluate bets on different bookies? If so, that would definitely make the work easier for those who are willing to do arbitrage betting. I also think that though it is difficult and time-consuming, anyone with dedication and a will can do it.

All it requires from a person is that they evaluate different bookies for the odds for the same matches, research whether the bookies are authentic and paying, and place their bets with whatever amount they wish to use.

[BitcoinAccepted]

In principle, arbitrage betting is not a criminal offense, but rest assured that bookmakers are not happy about this and there are plenty of players who have had their accounts closed for engaging in such practices. There are also people who call themselves value betters, but all they do is cheat. Assume odds knowing full well that these odds are based on the wrong information. Situations often arise because players are ill, or when a few years ago in Portugal a team with a few less people entered the field due to Corona. Yes, I think a bookmaker has the right to cancel a bet in that case.