Sports betting arbitrage

[yudi09]

-snip-

If i understand right, betting arbitrage is not about analysis matches - it is mostly about analysis odds. You don`t need any information about teams. As for me the main problem is to find software, that can automize searching arbitrage situation and betting process. If it will make some kind of bot - you will get stable profit. But the same time you need big deposit for betting.

You are right friend about the Arbitration strategy in betting which does not require any information about any team as can be read here about what Arbitrage is.

I just said above that I only like football betting which I do using my analysis which is a hobby of this type of sport so that it makes it easier for me to match the analysis with the odds available on the betting site. In football betting with my own strategy, always avoid parlay bets. Even if I play parlay, the bets I choose are not many.
In the second paragraph I said maybe the strategy was complicated because I wasn't familiar with it.

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[Tony116]

Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way? what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

Football betting and only rely on analysis and don't be tempted by the size of the odds. Always try to avoid parlay bets that often fail to win because one prediction does not match the result.
If the odds are sufficient to bet on the site I play on, I immediately step on the gas and just wait for the results.

Arbitrage is complicated for me. Maybe because you are used to how to bet on football betting using analysis for each match. This method is still very comfortable for me.

If i understand right, betting arbitrage is not about analysis matches - it is mostly about analysis odds. You don`t need any information about teams. As for me the main problem is to find software, that can automize searching arbitrage situation and betting process. If it will make some kind of bot - you will get stable profit. But the same time you need big deposit for betting.

It is not as easy as you think,, If i talk about our general sports betting, through this, as happiness, joy, thrilling atmosphere are being created as well as one's own destiny is being tested. Perhaps it can be compared to gambling. Just as in gambling, players bet a certain amount of money, here also in different sports like cricket, football, tennis, they bet for different teams. And in this way, if your betting team wins, you will win on the other hand you will lose money if your team loses.

Another aspect is arbitration. With arbitrage betting, gamblers take advantage of guaranteed profits at various online betting sites. However, it should also be remembered that using bots will result in bans and even account termination. Bots cannot be used to get support for your bets, it's related to scamming actually. And here you have to know how to take risks because you have to bet a relatively large amount of money compared to the amount of profit.

[Mr.suevie]

-snip-

If i understand right, betting arbitrage is not about analysis matches - it is mostly about analysis odds. You don`t need any information about teams. As for me the main problem is to find software, that can automize searching arbitrage situation and betting process. If it will make some kind of bot - you will get stable profit. But the same time you need big deposit for betting.

You are right friend about the Arbitration strategy in betting which does not require any information about any team as can be read here about what Arbitrage is.

I just said above that I only like football betting which I do using my analysis which is a hobby of this type of sport so that it makes it easier for me to match the analysis with the odds available on the betting site. In football betting with my own strategy, always avoid parlay bets. Even if I play parlay, the bets I choose are not many.
In the second paragraph I said maybe the strategy was complicated because I wasn't familiar with it.

Nice to see someone actually running away from parlay bets because here that am actually staying this type of bet is all that the gamblers know how to bet because they tend to bet with the optimism that they are going get a miraculous win from their parlay bet of sometimes 20 to 30 selection. I don't know how accurate arbitrage betting is with soccer but I know my who does this type of bet uses alot of funds and also have multiple betting account for this .

[Woodie]

Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way?

Let's just say I have done my research on this and it's not any easy undertaking!!

As far as I know, you can make subscriptions to some platforms that scan for these particular market discrepancies and will tell you how much you put on team 1, the draw and the team 2 result and whatever outcome that comes you are rest assured that you will get paid with profits...but unfortunately most bookies do know what Sports betting arbitrage is and will get you banned for it and likely to lose your deposits...

what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

You need to be registered with tons of platforms and KYC issues are another , but honestly am better off trying to play like any other user than go arbitrage... otherwise if you known and understand what you doing it's profitable  but not advisable

[South Park]

Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way? what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

It should be obvious why casinos do not like arbers, not only you are winning money, you are doing so consistently and at least mathematically there is no way for you to lose, what is there for them to like? However while this may seem a great way to make some easy money for some, to actually do it is very hard, since arb opportunities disappear quickly and you need to identify them and immediately make a bet on two different casinos, and if you are too slow it is possible for the arb opportunity to disappear right in front of your eyes.

[panganib999]

Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way? what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

This is bannable. Soon as you get caught you're getting your stuff banned from both casinos/sportsbetting sites. Not worth it especially if you're betting on low stakes games anyway.

Honestly much better if you play these games or if you gamble without gaming the system. Don't wanna sound like so morally upright here but from a gambler's perspective chasing and getting wins this way isn't just worth it man. The repercussions are immense and for the most part, you're getting just as much money as you would've won if you just played fair and square. I haven't tried arbitrage trading nor gambling as it's discouraged within the friend group that introduced me to crypto gambling and I couldn't thank them enough for being very great guides to someone that's just as noob as me way back then. So let me be the voice of reason this time and tell you that while it's great that you're getting wins out of fooling casinos, not that they'd care about the money they'd lose from you cause it's just coins to them anyway, but they'll certainly care about the integrity of the sportsbetting matches that you trifle with and the overall integrity of the game.

[tabas]

For some of the sportsbetting group that I happen to pass by, I've seen that there are still bettors do it. I have tried doing it but to no avail and it's hard to timing because it's either both casinos have the same providers and that's why if you are pursuant into doing this, you need to allot time and take your research before doing it. That's why I just let it go and don't even want to do it again since as if not all, most of the casinos disagree into this strategy. But that's it, if get caught and you're in profit, don't expect that money you have with them is still withdrawable.

[Hispo]

I have never engaged or tried to arbitrage with sport bets, it requires much time high wager and find reputable bookies which would allow users to conduct arbitrage without going for a complete ban of our account or seizing one's wager. I do not have neither the wager nor the time.
However, to me the concept of arbitraging with odds sounds rather curious, if I had the chance to meet those conditions I previously mentioned I would not mind to give it a try and see what happens , though it is very unlikely I would ever meet them.

I have known people on the internet who feel attached to do arbitrage with the differences of price of certain cryptocurrencies in different exchanges or countries, but I am yet to see one who has successfully earned some significant money out of bookies arbitrage. It is not impossible, but seems to be more difficult.

[blckhawk]

It's profitable especially if you know where to look for when it comes to good odds, I don't use it but a friend of mine who bets on anything involving sports does it and from what I can see from him, I don't think that he's ever having problem with losses or money to bet which could be an implication or a conclusion that arbitrage betting works. I don't know why betting sites ban this kind of system though, is it because the other bet is placed on the other betting site? It still makes me wonder to this day how it's a frowned upon strategy because it's as legitimate as Martingale strategy.

[mak013]

If i understand right, betting arbitrage is not about analysis matches - it is mostly about analysis odds. You don`t need any information about teams. As for me the main problem is to find software, that can automize searching arbitrage situation and betting process. If it will make some kind of bot - you will get stable profit. But the same time you need big deposit for betting.

It is not as easy as you think,, If i talk about our general sports betting, through this, as happiness, joy, thrilling atmosphere are being created as well as one's own destiny is being tested. Perhaps it can be compared to gambling. Just as in gambling, players bet a certain amount of money, here also in different sports like cricket, football, tennis, they bet for different teams. And in this way, if your betting team wins, you will win on the other hand you will lose money if your team loses.

Another aspect is arbitration. With arbitrage betting, gamblers take advantage of guaranteed profits at various online betting sites. However, it should also be remembered that using bots will result in bans and even account termination. Bots cannot be used to get support for your bets, it's related to scamming actually. And here you have to know how to take risks because you have to bet a relatively large amount of money compared to the amount of profit.

I understand it. Of course it isn`t so easy - if it would be so, the casino wouldn`t be so popular business. I just want to mark that we don`t need some special knowledge for it. Just some software and money for bets.
The same time it is not so interesting as classical betting and counts to cheating in most casinos, so you can lose all your money in a moment.
Anyway everyone can choose himself how to lose his money.

[Pi-network314159]

Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way? what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

I usualy see it on social media where they always make references. By taking advantage of odd in different betting website, but I still believe that it is also difficult to predict because most times you will still loose because there is no guarantee in Gambliing. Its always a 50 50 Chance which is either loose or win. And I have never even try it before.

[piebeyb]

I have known people on the internet who feel attached to do arbitrage with the differences of price of certain cryptocurrencies in different exchanges or countries, but I am yet to see one who has successfully earned some significant money out of bookies arbitrage. It is not impossible, but seems to be more difficult.

I think we might find crypto traders more often who use this kind of trading to take advantage of price differences on different exchanges and make quick profits. I often see traders doing that quickly but even so they use very large amounts of capital so they get more profit. which is larger compared to smaller capital money because it will only be a waste of time with fewer profits.

I also just heard about arbitrage on sports betting sites and I just read it doesn't seem much different. This is taking advantage of the difference in Odds from several betting sites so that they can take advantage and increase profits, but back again to capital, if you have small capital you should never do it. This is because it is just a waste of time with little profit, but if you use large capital with large bets it will clearly be profitable. but it's definitely detrimental to the site too. in my view also gambling arbitrage is more complicated than crypto trading exchanges. 

[Wind_FURY]

I'm not entirely sure if sports-betting markets are wholly made of liquidity just from the pockets of the bettors. I believe the betting company must place their own money on one side of the bet or the other to keep the market balanced if there isn't enough money from the users to take the other side of the bet.

Isn't it the case that these sites don't have to be balanced and most of them aren't? that if there is, for example, $1 million in customer funds for a win and $100,000 for a loss, then we simply have a total of $1.1 million in bets, 50k takes the casino as its fee, 1.05 million remains, so if our team wins for each $1 in bet, we get 1.05 $ back, and if we bet on the team loss and we win we get $10.5 back for each $1 in bet?

So if an arbitrageur comes in and bets $100,000 on teamX lose, it just changes the win/loss statistics and doesn't change how much the casino earns? So it changes the distribution of winnings between bettors and makes money from it?

Am I wrong here?

I can't speak against your example, but simply, I assume that sports-betting companies should be keeping their "order-books" balanced to have enough money from one side to pay for the winning side. I believe they are forced to take action. But let's ask the admins in some of the most popular betting companies in BitcoinTalk.

Plus because professional arbers always win, that means they are a net-loss to the betting company because they could consistently withdraw money out of the betting company's pool of liquidity.

As I understand sports betting, the arbitrageur's profits are constant and certain, as you wrote, but they do not reduce the casino's profits but, for example, reduce the winnings of those betting on X by $1,000, increase the winnings of those betting on Y by 990$ and they get $10 out of it for themselves.

OK, let's assume that that's right. What the betting companies don't like are the same people winning over and over again/who keep withdrawing money from the site. If they also find out that those users don't take risks, and merely take advantage of small odds differences, then that's especially bad not just for them, but for the other users as well.

[Bushdark]

Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way? what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

I usualy see it on social media where they always make references. By taking advantage of odd in different betting website, but I still believe that it is also difficult to predict because most times you will still loose because there is no guarantee in Gambliing. Its always a 50 50 Chance which is either loose or win. And I have never even try it before.

I have not tried this before since I am always busy and don't have time to turn other style of betting.
Maybe with time I could try and see how I could bet using this pattern so that I can make some profits if possible.
Gambling is changing everyday and people keep strategizing and using new means to make profits for themselves which is cool to think of it. Using this pattern, i don't know if the chance if winning could be higher that the chances of losing.

[yudi09]

-snip-

Nice to see someone actually running away from parlay bets because here that am actually staying this type of bet is all that the gamblers know how to bet because they tend to bet with the optimism that they are going get a miraculous win from their parlay bet of sometimes 20 to 30 selection. I don't know how accurate arbitrage betting is with soccer but I know my who does this type of bet uses alot of funds and also have multiple betting account for this .

Have been running away from parlay betting for a long time. Parlay is not an optimistic type of bet but a bet that often fails. In 10 choices, 9 wins and 1 loses so the result is 0.

If there are 10 choices, that's still not enough, but if there are 20 to 30 choices in one betting list, it is no longer optimistic but lustful with the multiplication of odds.
Expecting to get rich because of multiplying big odds with a small bet amount but lots of choices is a dream.
Betting on the single bet type is more realistic even though the odds multiplication is small. If you want a lot, place a big bet so that if you win you will be satisfied with the results. Right?

[AbuBhakar]

Have been running away from parlay betting for a long time. Parlay is not an optimistic type of bet but a bet that often fails. In 10 choices, 9 wins and 1 loses so the result is 0.

If there are 10 choices, that's still not enough, but if there are 20 to 30 choices in one betting list, it is no longer optimistic but lustful with the multiplication of odds.
Expecting to get rich because of multiplying big odds with a small bet amount but lots of choices is a dream.
Betting on the single bet type is more realistic even though the odds multiplication is small. If you want a lot, place a big bet so that if you win you will be satisfied with the results. Right?

Parlay offers a cashout feature which will be helpful to secure profit on higher odds. Sometimes parlay is good compared to straight bets since it boos the odds significantly while you can have the cashout feature in case most of your bets resulted to win while you are already satisfied on your current cashout profit. You can have more profit on parlays than straight bet with same result but of course this involves more risk though.

I’m not a frequent sports bettor but I always do 2 match parlay instead of single bets using small amount to have a boost on my odds given that I’m confident on my bet result.

[noormcs5]

It's profitable especially if you know where to look for when it comes to good odds, I don't use it but a friend of mine who bets on anything involving sports does it and from what I can see from him, I don't think that he's ever having problem with losses or money to bet which could be an implication or a conclusion that arbitrage betting works. I don't know why betting sites ban this kind of system though, is it because the other bet is placed on the other betting site? It still makes me wonder to this day how it's a frowned upon strategy because it's as legitimate as Martingale strategy.

I don't find the Sports betting arbitrage strategy to be a profitable one. Even if it is profitable at some odd times, still you need a lot of research and should have an account on many betting sites to fully take advantage of it. Also, luck will still play a part, else without luck you can still make no money at all through Sports betting arbitrage.

Just like Martingale's strategy is a complete failure, similarly we can say the same thing about the Sports betting arbitrage strategy. If it was so effective why wouldn't everyone use this technique and earn consistent income 

[yudi09]

-snip-

Sometimes parlay is good compared to straight bets since it boos the odds significantly while you can have the cashout feature in case most of your bets resulted to win while you are already satisfied on your current cashout profit. You can have more profit on parlays than straight bet with same result but of course this involves more risk though.

Not for me. Parlays can have more risk of failure because players target higher odds with many match options.
Single bets are better than parlays even though the odds offered are smaller but the chance of winning is greater.
If the parlay only has less than 5 match options, the chance of winning is greater, although you don't necessarily win 100% or get paid in full.

I’m not a frequent sports bettor but I always do 2 match parlay instead of single bets using small amount to have a boost on my odds given that I’m confident on my bet result.

A good choice if you do 2 games on a parlay. But single bets aren't bad if you do either.

[TimtheYoutuber]

Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way? what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

I have been arbitraging for over 2 years now. I only use regulated sites that are available in my state.

You can learn about risks here https://positivebetting.com/blog/f/dangers-of-arbitrage-sports-betting

[Agbe]

At first I thought you wanted to define "Sport Arbitrage" but  you digressed. Well that is not withstanding. We have discussed topics like before. Arbitrage betting is always good with sport and with football. In football you can place different odds. And as for the risk involved in sport arbitration is higher because if you loss all the games, you go home with empty hands. And also it is difficult to win all but it is easy to loss all. So I don't really advise people to play sport arbitrage.