Arbitrage betting in sprots, does anyone here actually tried it?

[Sandra_hakeem]

Posting it as I remember reading about arbitrage betting before, and it says that the idea that it’s “no risk” and you either win or at worst break even as long as you catch the right lines. On paper it sounds like the perfect way to stay profitable but I’m still a bit doubtful. Most sources say you need some kind of advanced tools or scanners to spot these mismatched odds before they vanish.

Everything still gets down to zero at the end, and your speculation plan gets controlled, kind of in a dimension where you can only try out their options and follow their steps, or feel reluctant to make your calculations. There's no strategy that's 100% free from loss-- at the very least, you'll win, at the peak, you loss.

So I’m wondering, has anyone here actually done this in real betting, not just theory from books or videos? I’m curious how realistic it is for normal bettors. And even if you have no idea about it, feel free to jump in and ask as this isn’t limited to people who claim to be experts. We all want to learn, so the more open the discussion, the better.

Just like everyone else, I've not tried this method in real betting and there's little to nothing that I can contribute on how realistic it is, but the facts have made themselves clear.

[Helena Yu]

I think the problem is not in finding lines, but in the fact that you cannot have a deposit in each of the existing bookmakers. Even if you have a deposit with 10 bookmakers, you'll need to divide that 2.26% profit by 10, since the rest of your capital isn't being used. If you withdraw and re-deposit where you lost, I think the commissions will eat up even more of your profit. In the end, it all looks like a pittance with exorbitant risks and labor. Such schemes once worked, but now the market is so efficient that such earnings have become very difficult.

Literally both of you are correct, you have to finding lines from many existing bookmakers and you also have to calculate how can earn after commissions and withdraw fees (including taxes too). Definitely it's difficult, hence such practice has gone and not being talked anymore, with the help of AI and convenience to compare odds from one site to another one, it almost has no chance to doing arbitrage in sports.

[stompix]

I have calculated it before to see if I would win or make some money from it, but is not not working. From my calculations, I will definitely lose money.

Then please go back to kindergarten and start learning to do math again, as I'm starting to think you're doing calculations by mixing water with coconut oil and expecting to create a black hole with it.  

Arbitrage betting should be avoided; it doesn't work, trust me, I have tried it on several occasions, but the result in the long term is still the same. It is either you are at square one, or you are losing.

Oh, and here we have another one, obviously no clue what arbitrage is, but it's post 2 lines to fill the signature quota for the day!

Just like everyone else, I've not tried this method in real betting and there's little to nothing that I can contribute on how realistic it is, but the facts have made themselves clear.

What facts?

I think the problem is not in finding lines, but in the fact that you cannot have a deposit in each of the existing bookmakers. Even if you have a deposit with 10 bookmakers, you'll need to divide that 2.26% profit by 10, since the rest of your capital isn't being used. If you withdraw and re-deposit where you lost, I think the commissions will eat up even more of your profit. In the end, it all looks like a pittance with exorbitant risks and labor. Such schemes once worked, but now the market is so efficient that such earnings have become very difficult.

The problem is not the number of bookies, nor the money; the problem is that some sportbook providers share their bets with each other, and they do the same checks for arbitrage bets as users searchign for them, once you have one too many you're going to get banned, some like betby are so agressive on that that they wil flag your account just because you took a bet on the match that was part of the arbitrage, you didn't even had to bet on the opposite result somewhere else, you're on their lsit.

[Sandra_hakeem]

Just like everyone else, I've not tried this method in real betting and there's little to nothing that I can contribute on how realistic it is, but the facts have made themselves clear.

What facts?

Good question! The fact that;  

There's no strategy that's 100% free from loss-- at the very least, you'll win, at the peak, you loss.

Is there something I can learn from you about the said topic? Do you have any type of correctonal tool-- a video guide or something else that can guide you through the process?
Edit; I just the DYOR part of me and realized this is a very sneaky strategy that works if done correctly. It doesn't depend on actual knowledge of the game. How do you hide your tracks from the casinos when fishing you out during their regular check ins for arbers since you're constantly bypassing their margins?

[KTChampions]

I think the problem is not in finding lines, but in the fact that you cannot have a deposit in each of the existing bookmakers. Even if you have a deposit with 10 bookmakers, you'll need to divide that 2.26% profit by 10, since the rest of your capital isn't being used. If you withdraw and re-deposit where you lost, I think the commissions will eat up even more of your profit. In the end, it all looks like a pittance with exorbitant risks and labor. Such schemes once worked, but now the market is so efficient that such earnings have become very difficult.

The problem is not the number of bookies, nor the money; the problem is that some sportbook providers share their bets with each other, and they do the same checks for arbitrage bets as users searchign for them, once you have one too many you're going to get banned, some like betby are so agressive on that that they wil flag your account just because you took a bet on the match that was part of the arbitrage, you didn't even had to bet on the opposite result somewhere else, you're on their lsit.

Shitty bookmakers are a whole other problem. For example, in my country, many bookmakers simply didn't pay out winnings (with or without "reasons"). Eventually, some kind of regulator was created to ensure that bookmakers pay out bets accepted. But that kind of shitty behavior is only a problem until you've weeded out all the bastards who don't want to play by the rules, right? It seems to me that a normal bookmaker doesn’t care whether a player hedges bets or not.

[blomen]

when betting normally, the risk you take depends on the outcome of the match, but with arbitrage, you're like a thief who regularly steals small amounts of money. casinos have measures in place for this kind of activity, and if you're caught, you could lose all the money you put in to make a small profit. that's the risk of arbitrage.

i don't enjoy getting involved in this kind of thing because it's essentially gambling, and i don't want to risk my entire balance for such low returns. it's a tough business. and casinos are surely smarter than us gamblers.

[Doan9269]

If it has not been proven effective, then i don't see a reason to support the use for arbitrage in gambling, as we know, anything that has a proven consistency in terms of adequate results will be trending and invoke, because everyone will like to use the same approach for their gambling strategy and have more better chances for winning their bets than losing, because at the end, things might not even change for good, despite using arbitrage for gambling.

[rachael9385]

Posting it as I remember reading about arbitrage betting before, and it says that the idea that it’s “no risk” and you either win or at worst break even as long as you catch the right lines. On paper it sounds like the perfect way to stay profitable but I’m still a bit doubtful. Most sources say you need some kind of advanced tools or scanners to spot these mismatched odds before they vanish.

So I’m wondering, has anyone here actually done this in real betting, not just theory from books or videos? I’m curious how realistic it is for normal bettors. And even if you have no idea about it, feel free to jump in and ask as this isn’t limited to people who claim to be experts. We all want to learn, so the more open the discussion, the better.

please no BS, its a serious matter for serious bettors.

The problem with this betting system is finding the games with the arbitrage opportunity, it is all about an error in the odds setting and it is very difficult to spot.I only hear about arbitrage betting online but I haven't seen anyone that actually uses this betting system and profits from it. Even though this might seem like a sure way to make profit there is no doubt that it is going to have it risks

[stompix]

What facts?

Edit; I just the DYOR part of me and realized this is a very sneaky strategy that works if done correctly. It doesn't depend on actual knowledge of the game. How do you hide your tracks from the casinos when fishing you out during their regular check ins for arbers since you're constantly bypassing their margins?

First, not casinos, it's sportbetting, this doesn't work with casinos, second is that you don't bet on the same site, and you will be avoiding the same sportbook because obviously the same odds provider won't have arbitrage odds for a game. The problem is how you disguise these wins to look like total accidents, bookies have their own arbitrage finder, when too many of your bets match, it is when you will have a problem.

Also, doing arbitrage bets doesn't mean you will be in the green with all sites, you might end with +600 on one and -550 on the other!
The only way it works is by using it to pump up your casual losses, not like a milk cow!

Shitty bookmakers are a whole other problem. For example, in my country, many bookmakers simply didn't pay out winnings (with or without "reasons"). Eventually, some kind of regulator was created to ensure that bookmakers pay out bets accepted.

But that works only for bookies that are registered and licensed there, right?
Now with a global license like 99% have!

[Karl_3000]

First, not casinos, it's sportbetting, this doesn't work with casinos, second is that you don't bet on the same site, and you will be avoiding the same sportbook because obviously the same odds provider won't have arbitrage odds for a game. The problem is how you disguise these wins to look like total accidents, bookies have their own arbitrage finder, when too many of your bets match, it is when you will have a problem.

Odds on most betting sites are very similar in a way that many betting sites can be used for arbitrage but some people will prefer to use a single gambling site for it. If someone is lucky with the arbitrage which is usually supposed to be unlucky, the gambling site will seize the person money and say he is using many accounts to cheat. I do not know the reason some people are using gambling sites but they do not read the terms and conditions.

[Haunebu]

Then please go back to kindergarten and start learning to do math again, as I'm starting to think you're doing calculations by mixing water with coconut oil and expecting to create a black hole with it. 

Lmao! This cracked me up.

Oh, and here we have another one, obviously no clue what arbitrage is, but it's post 2 lines to fill the signature quota for the day!

True! It's actually hilarious watching them make these wild statements in such a confident manner.

The problem is how you disguise these wins to look like total accidents, bookies have their own arbitrage finder, when too many of your bets match, it is when you will have a problem.

The only way it works is by using it to pump up your casual losses, not like a milk cow!

There is no way to disguise them since it all comes down to the CLV(Closing Line Value) at the end of the day. If you beat the CLV on multiple bets consistently which is usually the case with arbs, you will get limited to pennies. Some shit sites resort to banning too.