SamReomo
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January 18, 2024, 03:49:45 PM |
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Arbitraging isn't full proof and you can take losses in some situations. But its proven to work in the long term and you can be successful if you follow the rules of arbitraging. It all starts with using regulated sites in your area.
It's a risky thing because when the casinos find that you're using arbitrage then they might freeze your accounts or ban them altogether. I would suggest everyone to be careful from Sports betting arbitrage as someone who does it on sites that are often run in same location could get banned for the act. The casinos might not pay such users if they find that the user was doing arbitrage. OP how long have you been doing sports betting arbitrage? Haven't you faced any account bans or freezing of your funds from the casinos? I think casino might take strict actions against the members who found to be doing sports betting arbitrage.
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Coin_trader
Copper Member
Legendary
Offline
Activity: 2954
Merit: 1226
Leading Crypto Sports Betting & Casino Platform
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January 18, 2024, 04:07:27 PM |
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It's a risky thing because when the casinos find that you're using arbitrage then they might freeze your accounts or ban them altogether. I would suggest everyone to be careful from Sports betting arbitrage as someone who does it on sites that are often run in same location could get banned for the act.
Location is not the basis on being easily detected for doing this method but rather the similarity of the odds provider being use by the casino. There’s an instance that 2 different casino based on same country has different odds provider especially if it's catering international player. This is the reason why it’s very easy to spot on crypto bookies because they are using same odds provider most of the time. The casinos might not pay such users if they find that the user was doing arbitrage. OP how long have you been doing sports betting arbitrage? Haven't you faced any account bans or freezing of your funds from the casinos? I think casino might take strict actions against the members who found to be doing sports betting arbitrage. Correct, Casino will use this to not pay any players because they view it as exploiting odds error since this kind of bets was 100% guaranteed win. The Only way OP can still be on this business if there’s a local bookie on his country that provides odds that is higher to the bookies operating internationally. This way, The chance of being connected is very slim due to difference on odds provider but there’s always a risk of being connected though since odds provider is not disclosed by the casino.
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wallet4bitcoin
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January 18, 2024, 04:10:32 PM |
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These and many more are the risks associated with the Arbitrage. As much as it makes money via variations, its the same way its volatility also avails you the opportunity to incur losses.
All of these must have been factored in before one decides to venture into the Arbitrage business, not just considering that it is a lucrative business.
Arbing isn't some foolproof way of earning money and there are some obvious risks associated with it, but it's still smart betting at the end of the day and is one of the few proven strategies to beat the house in the long-term. I have personally done it myself and earned somewhat decent profits in the long-term thanks to max bet limits in various sportsbooks. Not everyone is as lucky as you are you know. When most people see that money is being made through certain means, they care little or nothing about the strategy that was deployed and they end up becoming casualties or even complaining that it doesn't work as presented not knowing that there is more than just the general comment of arbitrage being lucrative.
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Dunamisx
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January 18, 2024, 04:28:50 PM |
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These and many more are the risks associated with the Arbitrage. As much as it makes money via variations, its the same way its volatility also avails you the opportunity to incur losses.
All of these must have been factored in before one decides to venture into the Arbitrage business, not just considering that it is a lucrative business.
Arbing isn't some foolproof way of earning money and there are some obvious risks associated with it, but it's still smart betting at the end of the day and is one of the few proven strategies to beat the house in the long-term. I have personally done it myself and earned somewhat decent profits in the long-term thanks to max bet limits in various sportsbooks. Not everyone is as lucky as you are you know. When most people see that money is being made through certain means, they care little or nothing about the strategy that was deployed and they end up becoming casualties or even complaining that it doesn't work as presented not knowing that there is more than just the general comment of arbitrage being lucrative. Anyone that does it is only doing that at his own risk, those that ha e done this before have actually exposed all that was in there not worthy of the risk we are taking for any reason, then why should we got enticed all because of making money which we may ended not making at all, if we are doing something, then we should first consider the risk involved and take measures on how to reduce them and not having them increasing the more, such is what you get with arbitrage.
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xLays
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January 18, 2024, 06:48:11 PM |
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Arbitraging isn't full proof and you can take losses in some situations. But its proven to work in the long term and you can be successful if you follow the rules of arbitraging. It all starts with using regulated sites in your area.
It's a risky thing because when the casinos find that you're using arbitrage then they might freeze your accounts or ban them altogether. I would suggest everyone to be careful from Sports betting arbitrage as someone who does it on sites that are often run in same location could get banned for the act. The casinos might not pay such users if they find that the user was doing arbitrage. OP how long have you been doing sports betting arbitrage? Haven't you faced any account bans or freezing of your funds from the casinos? I think casino might take strict actions against the members who found to be doing sports betting arbitrage. Yeah, I read some scam accusations posted here in BitcoinTalk where user closed their account due to suspicion of engaging in arbitrage betting. But some arbitrage betting may go undetected if the bettor is careful to spread their bets across multiple bookmakers, making it less obvious. Also if the bets are placed on less popular events or in smaller amount they may attract less attention from monitoring systems. However as technology improves casinos are continuously working to enhance their detection methods. So still be careful if you want to arbitrage betting.
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Haunebu
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January 18, 2024, 07:08:50 PM |
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Not everyone is as lucky as you are you know.
When most people see that money is being made through certain means, they care little or nothing about the strategy that was deployed and they end up becoming casualties or even complaining that it doesn't work as presented not knowing that there is more than just the general comment of arbitrage being lucrative.
You people have little knowledge about arbing which is why y'all are saying stuff which doesn't really make much sense. The only big casualty of arbing is getting limited since very, very few sites actually ban and steal player funds for arbing. I advise you people to do more research about arbitrage betting and learn how good a strategy it truly is.
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TimtheYoutuber (OP)
Full Member
Offline
Activity: 1708
Merit: 125
www.positivebetting.com
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January 27, 2024, 12:42:41 AM |
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Arbitraging isn't full proof and you can take losses in some situations. But its proven to work in the long term and you can be successful if you follow the rules of arbitraging. It all starts with using regulated sites in your area.
It's a risky thing because when the casinos find that you're using arbitrage then they might freeze your accounts or ban them altogether. I would suggest everyone to be careful from Sports betting arbitrage as someone who does it on sites that are often run in same location could get banned for the act. The casinos might not pay such users if they find that the user was doing arbitrage. OP how long have you been doing sports betting arbitrage? Haven't you faced any account bans or freezing of your funds from the casinos? I think casino might take strict actions against the members who found to be doing sports betting arbitrage. Yeah, I read some scam accusations posted here in BitcoinTalk where user closed their account due to suspicion of engaging in arbitrage betting. But some arbitrage betting may go undetected if the bettor is careful to spread their bets across multiple bookmakers, making it less obvious. Also if the bets are placed on less popular events or in smaller amount they may attract less attention from monitoring systems. However as technology improves casinos are continuously working to enhance their detection methods. So still be careful if you want to arbitrage betting. I knew this thread would be tough to post on a crypto forum, but yeah. The person that was banned probably was on a unregulated site, and or something else happened. Regulated sites in the US are better to play on.
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Positivebetting
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Wind_FURY
Legendary
Offline
Activity: 3094
Merit: 1931
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January 28, 2024, 04:12:45 PM |
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Although it's an almost guaranteed profit, there are few problems with arbitrage betting (aka arbing)! Usually, it's hard to find an opportunity like the one you mentioned in OP because of the difference between the odds. Second, supposing you find one, you will need a huge bankroll to make a good profit not to mention that most casinos will limit your account after few wins.
Then and most importantly, many casinos consider arbing illegal and may ban your account if they find out about it.
I'm replying to an old post, but it's relevant. Plus OP said, If you had a 20k bankroll you could make $1054 in a day betting these games. Then you would have to withdrawal all the money, wait for it to deposit in your bank and then re add to the sites. (or if you're lucky, half the bets will win on each site so you don't need to reconcile on each)
But how much of these opportunties does an arber actually have? Everyone would be doing it if it was truly "easy money", and if there are enough opportunties to be taken. Because logically, if there are more and more people arbing in sports-betting, then there would be less and less opportunties because the odds would become more and more efficient.
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Poker Player
Legendary
Offline
Activity: 1554
Merit: 2256
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January 28, 2024, 05:04:26 PM |
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I'm going to hold back for now but the way the OP is selling his system sounds pretty scammy to me. If it's so easy to have an ROI of between 3 and 5% per day, let's say 4%, multiplied by 30 days average of a month a 120% monthly return. But if we dig a little we will see that it is nowhere near as easy as the OP paints it, and khaled0111 and others have explained it well. All these systems that sound so wonderful are usually good only to fill the pocket of the one selling them. I knew this thread would be tough to post on a crypto forum...
A crypto forum but where many of us have been betting for over a decade, as well as knowing finance, statistics and scams.
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Wind_FURY
Legendary
Offline
Activity: 3094
Merit: 1931
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January 29, 2024, 09:05:42 AM |
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I'm going to hold back for now but the way the OP is selling his system sounds pretty scammy to me. If it's so easy to have an ROI of between 3 and 5% per day, let's say 4%, multiplied by 30 days average of a month a 120% monthly return. But if we dig a little we will see that it is nowhere near as easy as the OP paints it, and khaled0111 and others have explained it well. All these systems that sound so wonderful are usually good only to fill the pocket of the one selling them. I knew this thread would be tough to post on a crypto forum...
A crypto forum but where many of us have been betting for over a decade, as well as knowing finance, statistics and scams. Plus OP didn't need to mention anything about "knowing" that it would be "tough to post" in a form such as BitcoinTalk. It would be tough to post anywhere, ESPECIALLY in a gambling forum, not BitcoinTalk, where anyone including OP would probably think twice before posting "a system". I'm not accusing OP of being a scammer, but BitcoinTalk is a target for scammers because many users in the forum have money, and they are held in crypto which can be moved around very easily.
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sunsilk
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January 30, 2024, 04:06:25 AM |
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It sounds easy and by the books it's possible but if I'm going to do the actuality, I'm expecting that there will be some mishaps and it won't really be 3%-5% having that thousand of bankroll everyday.
As for you Tim, it's best to prove it to us and like giving some stats and updates if that's not bothering you on a daily basis or even weekly. That's going to make it interesting.
I know that arbitrage still works but proving that to myself makes me wanna go off from it.
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Poker Player
Legendary
Offline
Activity: 1554
Merit: 2256
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January 30, 2024, 04:34:52 AM |
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I'm not accusing OP of being a scammer, but BitcoinTalk is a target for scammers because many users in the forum have money, and they are held in crypto which can be moved around very easily.
Neither do I at the moment, although it smells like it. In other cases as soon as I saw the offer of the "system" I have tagged the OP as a scammer but in this case it has a certain plausibility as well as nuances, but certainly someone who knows how things work is not fooled by how he sells it (as if it were easy to earn thousands per month with his system).
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Haunebu
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January 30, 2024, 04:59:35 AM |
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But how much of these opportunties does an arber actually have? Everyone would be doing it if it was truly "easy money", and if there are enough opportunties to be taken.
Because logically, if there are more and more people arbing in sports-betting, then there would be less and less opportunties because the odds would become more and more efficient.
They have definitely decreased over the years, but there are still plenty of them available on a regular basis if you know where to look. You could manually find them yourself or use arbing softwares to help you find them easily. I feel that the easiest way to find some great arbs is by focusing on back and lay arbs as well as staying patient and checking odds regularly.
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Kakmakr
Legendary
Offline
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
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January 30, 2024, 05:52:22 AM |
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You just have to be very careful, when you are doing this. Some casinos are sharing the same odds providers and I have seen cases where the IP addreses and/or Mac addresses of the devices were matched and the accounts closed for arbitrage betting.
Casinos also quickly pick up when you are beating the system and they will counter with restrictions on your account (limiting) or they will just lock or block the account, based on the severity of your actions.
This is bad, when they have a VIP ranking system and you reach a high VIP level and then your account gets locked.
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Wind_FURY
Legendary
Offline
Activity: 3094
Merit: 1931
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January 30, 2024, 07:42:09 PM |
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I'm not accusing OP of being a scammer, but BitcoinTalk is a target for scammers because many users in the forum have money, and they are held in crypto which can be moved around very easily.
Neither do I at the moment, although it smells like it. In other cases as soon as I saw the offer of the "system" I have tagged the OP as a scammer but in this case it has a certain plausibility as well as nuances, but certainly someone who knows how things work is not fooled by how he sells it (as if it were easy to earn thousands per month with his system). I always give people the benefit of the doubt, and we should also try to avoid calling people in the forum "scammers", unless proven guilty. Let's wait for someone else to try the service, and his/her "review". Hahaha. Although, and it's obvious, we should be very careful if the posters giving positive reviews were either brand new accounts or newbies. But did anyone go to his site? I didn't click the link. I probably should make another VM for clicking anything potentially suspicious.
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Dunamisx
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January 30, 2024, 07:58:32 PM |
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Maybe this could be a good recommendation for the benefits of those who are just starting and never had any records of huge loss because they may just have e begin one with this, this is something what many other gamblers have been trying to avoid beca anything whose risk is far higher than the benefits they try to avoid having a try on, even though this doesn't mean some are not winning, but on a low chances of survival.
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Wind_FURY
Legendary
Offline
Activity: 3094
Merit: 1931
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January 31, 2024, 10:09:45 AM |
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Maybe this could be a good recommendation for the benefits of those who are just starting and never had any records of huge loss because they may just have e begin one with this, this is something what many other gamblers have been trying to avoid beca anything whose risk is far higher than the benefits they try to avoid having a try on, even though this doesn't mean some are not winning, but on a low chances of survival.
Actually, NO. Market Arbitrage, whether it's arbing the markets of legacy markets, cryptocurrencies, or sports-betting is definitely NOT for those people who have just gotten started in their gambling/sports-betting journey. Why? Because, 1) It requires a large amount of capital deposited to at least two different sports-betting sites 2) Arbers are hated by sports-betting sites because they merely take advantage of market inefficiencies, and don't actually gamble. Your money might be at risk if the site knows you're an arber. 3) It's not that easy.
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TimtheYoutuber (OP)
Full Member
Offline
Activity: 1708
Merit: 125
www.positivebetting.com
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February 01, 2024, 12:05:37 PM |
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You just have to be very careful, when you are doing this. Some casinos are sharing the same odds providers and I have seen cases where the IP addreses and/or Mac addresses of the devices were matched and the accounts closed for arbitrage betting.
Casinos also quickly pick up when you are beating the system and they will counter with restrictions on your account (limiting) or they will just lock or block the account, based on the severity of your actions.
This is bad, when they have a VIP ranking system and you reach a high VIP level and then your account gets locked.
Again. This is ONLY for US regulated sportsbooks. I am not saying anything on books outside the US or crypto sites. So no they're not tracking IPs across sites. But yes they can close you for arbitraging but its not like they can just steal your money. It sounds easy and by the books it's possible but if I'm going to do the actuality, I'm expecting that there will be some mishaps and it won't really be 3%-5% having that thousand of bankroll everyday.
As for you Tim, it's best to prove it to us and like giving some stats and updates if that's not bothering you on a daily basis or even weekly. That's going to make it interesting.
I know that arbitrage still works but proving that to myself makes me wanna go off from it.
No thats not what I was saying. I am saying 3-5% of your total bet on a given arbitrage bet. You're not going to use every dollar you have and be able to play unlimited bets. The sites can limit your bets so you may only be able to bet $1k on a given market, so you're looking at 3-5% on that. I'm going to hold back for now but the way the OP is selling his system sounds pretty scammy to me. If it's so easy to have an ROI of between 3 and 5% per day, let's say 4%, multiplied by 30 days average of a month a 120% monthly return. But if we dig a little we will see that it is nowhere near as easy as the OP paints it, and khaled0111 and others have explained it well. All these systems that sound so wonderful are usually good only to fill the pocket of the one selling them. I knew this thread would be tough to post on a crypto forum...
A crypto forum but where many of us have been betting for over a decade, as well as knowing finance, statistics and scams. The reason I mention a crypto forum is because I don't do this method on crypto gambling sites because they're not as trust worthy imo. Also I am in the US, so this method isn't viable to some one outside of the US. I have a free sportsbetting hedge guide you can check out on the site, or a free youtube video here: https://www.youtube.com/watch?v=UWJ6JGgIp4EOr just go on youtube and type in something like "How to arbitrage sports bet" and click on a video with a lot of views. Also, never said this was 100% risk free, you have to watch lines for 12 hours to get a full days worth, and many other risky elements that you would learn in my guide.
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Positivebetting
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Crypt0Gore
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February 01, 2024, 12:19:50 PM |
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Arbitrage is soccer games? Will this neutralize the losing risks? If No why are we even talking about it? The risk of losing money is still recent and if it's true that one can make ROI everyday you should be doing just that yourself, there is no need to work on anything, this is a sure bet to become rich in life, but I am wondering why you share if it's certain? Don't get it twisted for us and some new gamblers on here, risk what you can afford to lose.
I somehow think that online casinos are in co-op with one another, because this arbitrage way of gambling is like cheating to them, since you will need to do your thing using more than one platform, with same IP and location they can get you, anyway I don't want to believe that this is a neat way to winning, this is gambling world and I leave it that way.
I will keeping hoping another lucky day found me, it isn't even long ago that I win some good amount using few dollars, this is gambling, I don't have to stress myself finding ways that are more confusing or such, I am fine using this same way every time.
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TimtheYoutuber (OP)
Full Member
Offline
Activity: 1708
Merit: 125
www.positivebetting.com
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February 01, 2024, 12:28:39 PM |
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Arbitrage is soccer games? Will this neutralize the losing risks? If No why are we even talking about it? The risk of losing money is still recent and if it's true that one can make ROI everyday you should be doing just that yourself, there is no need to work on anything, this is a sure bet to become rich in life, but I am wondering why you share if it's certain? Don't get it twisted for us and some new gamblers on here, risk what you can afford to lose.
I somehow think that online casinos are in co-op with one another, because this arbitrage way of gambling is like cheating to them, since you will need to do your thing using more than one platform, with same IP and location they can get you, anyway I don't want to believe that this is a neat way to winning, this is gambling world and I leave it that way.
I will keeping hoping another lucky day found me, it isn't even long ago that I win some good amount using few dollars, this is gambling, I don't have to stress myself finding ways that are more confusing or such, I am fine using this same way every time.
I don't arbitrage soccer games because they have 3 outcomes on ML. You could arb the total goals, but if someone scores during the time you're hitting the arb, then you would be at too much risk. So I stay away from soccer. I'm sharing because why not, arbitraging isn't something brand new. You can arbitrage bananas and just about anything. People have been arbitraging sports for years. There are risks with arbitrage sportsbetting, but over thousands of bets you can be profitable. You can have losing sessions, but you have an edge with arbitrage betting so you will make money in the long term if you're doing it correctly. Again, only works if you're in the US and using a regulated sportsbook. If you use crypto casinos, this may not work.
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Positivebetting
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