Has anyone here tried Gambling Arbitrage?

[elevates]

As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time.

I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities.

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.  

[Solosanz]

Do you want to get banned from several sportsbooks? gambling arbitrage is not allowed in any sportsbooks because you're trying to find a loophole where you will always make money, gambling is risking your money to make money. It's better to gamble without need to think about find a loophole, if you want to maximize your profit, you can join a sportsbook promotions e.g. odds boost, risk free etc.

[bitbollo]

This type of gambling activity requires a lot of time (because you have to keep up with the odds), large capitals (since each win is generally a few percentage points and you have to use several crypto books).

Furthermore, casinos that notice this activity can... simply ban you!

I have never considered it as an activity and would not suggest anyone to undertake such an activity given the inherent risk.

[retreat]

As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time.

I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities.

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.  

As far as I understand arbitrage gambling is not actually illegal, but bookmarkers quite hate this practice. This practice maybe can provide profits to gamblers, but the problem is that our accounts can be threatened with being frozen or our bets being canceled unilaterally due to fraudulent practices. I have never tried this kind of arbitrage technique because I think it is a laborious practice because we have to monitor more than one bookmarkers and I think it is not efficient.

[socks435]

Gambling arbitrage is rare but if you found an opportunity then grab it. Keep in mind that gambling arbitrage won't make a big proift without a big amount of capital and choosing what sports you should bet my guess is also soccer.

[piebeyb]

I thought that only trading altcoins could do arbitrage, it turns out that gambling can be done too, but I don't really understand the concept and maybe such things are prohibited by gambling sites, after all, not many people talk about this and use this method for gambling, especially maybe this method too risky, I'm not used to using unknown methods to test it, I don't think many people use this method either, so you should never try it

[Oshosondy]

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.   

I do not know much about other sport, but in football, I do not know how arbitrage betting can be helpful because there are three outcomes which are win, draw or loss. If choosing arbitrage, it would result to loss in football, also because the odds are low. But in sport bets that the outcome is win or loss, possibly arbitrage betting may be helpful, just like in tennis. I can see it helpful more in casinos games like Roulette and others where the outcome can be three but with a very high odds, just like my favorite Roulettes.

If a casino notice that you are doing arbitrage betting, one of the bets that favours you may be cancelled while losing the other, you account may be banned from using their betting platform again. Arbitrage betting is not illegal, but gambling sites do not like it. You account may be banned because people that go for arbitrage betting can go to the extent of having multiple accounts on the same betting platform, while most gambling sites frown against arbitrage betting and having multiple betting accounts on their betting platform.

[ryzaadit]

-snip-

Yes, not legal.

However, it's up to the "sportsbook" did they accept arbitrage bet or not. Most of sportsbook 99% banned these activity, so even in law it's legal but since they provided the service it's up to them to make prohibited.

These scheme only a drain money from casino, it's not benefit them at all and only for the user. So, no one casino are gonna to accept this on their site even it's legal on law.

[OgNasty]

I’ve done this when live betting on sporting events. Basketball games especially can have wild swings in the score early in a game. It isn’t uncommon to have the ability to live bet when the odds change so that you are a winner no matter what the outcome is. It’s somewhat rare for me to do this though, because I’m rarely able to gamble while watching games.

[Frankolala]

This is a good strategy but casinos will not accept it because they know that they will run at lost. If you are caught in this action, you will be banned by the casino and your account will be frozen. This is why using this strategy will lead you to more loss because you will have good amount to stake on the games and it will lead to your ban by the casino.

It is better that we see gambling as fun and not a medium to make profit or to see it as a life changer,so that you don't run into great loss. If you win big along the line of having fun,then enjoy your win and see it as a lucky day for you.

[slapper]

Isn't it mind-boggling, folks, to witness the radical metamorphosis of betting over the ages? From humble games of sheer luck to intricate tactics like arbitrage wagering, we humans have been perpetually mesmerized by the prospect of raking in the dough via gambling! Yet, with formidable power comes colossal responsibility.

The genuine riddle, ladies and gents, doesn't solely revolve around fattening our wallets; rather, it's about harmonizing the precarious dance between the hazards and spoils of betting. Is it genuinely worth the relentless grind to probe and examine each and every tantalizing betting prospect? Or, perchance, should we direct our energies toward crafting a multifaceted assortment of bets, designed to soften the blow of losses and propel our gains into the stratosphere?

As for the burning question of which sports to gamble on, well, that's purely subjective. However, I contend that the true goldmines for betting aren't necessarily the fan favorites. On the contrary, it's the oft-overlooked underdogs of the sports realm that present the most delectable profit possibilities!

[swogerino]

Many have tried but that is a full time job,beside that is very difficult to implement now as you need to have accounts in good standing in at least 100 gambling sites in order to win a very low amount in percentage from 1% to 5% at max and the reward is not that big,this is why the people who still do it,do it in groups of people,they rent an office and divide the work between them.There are several websites that offer a help for these people where you pay a subscription fee and they bring you all the options to arbitrage betting,for me most well known one is Betburger website.

[Taskford]

As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time.

I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities.

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.  

Don't try to risk your money for risky matters and as other people says about it this is been discourage action to be done so maybe just bet plain without any risky methods use to avoid banning of account in the platform.

There are so many tips you can see online maybe just be resourceful to get higher chance to win on your bets on sports. Safety of our account is important so don't create any mistake which a sportsbook's doesn't allow to do by their users.

[Strongkored]

Gambling arbitrage will endanger your account because they consider these activities to be prohibited activities, because they are considered detrimental to the bookmaker, but you can do it at a bookmaker whose betting system is parimuteal betting. If you want to know what parimuteal betting is, you can learn here https://en.wikipedia.org/wiki/Parimutuel_betting
In bookmakers with a betting system like that you can place all 1X2 bets on football matches or other according to what is available, but you have to be careful enough to calculate the amount of money you will place because sometimes the results will only make you BEP without getting a profit or even not produce at all.

[nimogsm]

That's a good question.I have a friend who always places a lot of bets on an event.But he does this almost professionally,since it takes a lot of time to detail each event and he has been doing this for a long time.I think it is important that the gaming site has a history of bets, then the administration will not have questions about your bets.And if there is a chaotic order of bets on a fresh account for the purpose of quick profit,then this will raise questions.

[Wapfika]

My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game.  

You will need to increase your bankroll to increase your profit margin because the usual profit percentage on arbs betting is approx. maximum 2% and more than that is very rare to appear because book maker can easily spot that error. Most of the successful arbs bettor use huge bankroll and they are the one you always see on scam accusation board that has a balance of 1000$ or more that frozen due to their so called unknown reason.

Arbitrage betting is really profitable if you can spot them but the problem is casino doesn’t allow this since you are just betting on their error and it’s not gambling anymore. Your chances to banned is very high on doing this because bookmaker is now vigilant on tracking those doing this method.

[jrrsparkles]

It is prohibited in any kind of sport betting even recently someone accused of doing it by the casino so they cancelled the winning bet so whoever wants to try then this will be the outcome. While its kind of hard to get noticed if we use different sportbooks but we don't know their internal affairs so doing anything that violate their terms is not recommended and put your account on high risk as well.

[Lucasgabd]

Do you want to get banned from several sportsbooks? gambling arbitrage is not allowed in any sportsbooks because you're trying to find a loophole where you will always make money, gambling is risking your money to make money. It's better to gamble without need to think about find a loophole, if you want to maximize your profit, you can join a sportsbook promotions e.g. odds boost, risk free etc.

It’s probably possible to do it though it’s a good idea to check the odds beforehand since the casino owners will take their margin
I’d guess the best strategy is to do it using different spotsbets websites

Have anyone here tried this successfully?

[aioc]

There are so many complaints about Gambling Arbitrage in the scam section, casino operators are banning and blocking accounts that engage in Gambling Arbitrage so you should be careful doing Gambling Arbitrage check the TOS of the casino it's likely that they will not let you do that, its good if they only cancel your bet and return your deposit but I have seen casinos blocking the account and confiscating the funds.
Don't try on something that will get your account in trouble.

[danherbias07]

I don't know where you get the idea of doing this but it's possible that you may lose more than win on this type of strategy.
"Arbing" as they call it. This is not discussed here in the forum because of the impossibility to make profits out of it. When you do it at certain events there are rules now where they won't give you the reward if they find out you are betting on both teams or both players.

This is an example of the terms and conditions in Stake.com at the MLB event.

Backing both sides in any related market will result in disqualification from the promotion

https://stake.com/promotions/promotion/mlb-primetime-double-winnings
So there's no way you could win even if you bet on both teams for the same amount especially if the favorites will be the ones winning the game.