[Sport] Arbitrage betting

[Oshosondy]

You all know what arbitrage betting is. If you you do not know what it is, that means you have not used the strategy to bet before, so no need to choose anything on the poll.

If you have used arbitrary strategy to bet on sport matches before and you were making money from it, which sport did you choose and made profit from?

In football, have you been making money from arbitrage betting?

I do not mean in one match, I am talking about a long period of time of several bets.

What I noticed is that the profit in arbitrage betting can be little, but the risk is higher than single betting without arbitrage.

[Ziskinberg]

This is easier said than done actually. Maybe in the past it was easier, but bookies are more advanced now so finding a real sports arbitrage opportunity is already difficult.

As far as I know its not illegal, but some sportsbooks may still limit or ban your account if they notice you are doing it. Especially if your account is already KYC verified, since there are reports that they can cross check across different sportsbooks, though im not sure how true that is.

For me, sports arbitrage is not really worth it anymore. Too much effort, small profit and there is still a chance your account gets limited.

[Sim_card]

I don't need to put my account at risk which is the reason why I stopped Arbitrage betting because the casino I'm using prohibits it. However, you should know that gambling is a game of luck and winning in the long run is rare whether, you are on Arbitrage betting or not.

[Sanitough]

There were some arbitrage betting threads before in the forum, just like this one.

Learn How To Arbitrage and make thousands a month

But recently I dont see active arbitrage threads anymore, except for discussions like this. Maybe that already tells us fewer people are making money from it now. If you ask me if arbitrage betting is still worth it, I would say no. It needs a big bankroll because the profit is only a small percentage, and you dont find many good opportunities either.

[Ayers]

In arbitrage betting, it is not always at risk due to the outcome of match. But rather the execution risk is higher. However you may be able to take advantage occasionally. But if you try to use same strategy in long term, you will definitely get into trouble.

Afaik, most bookmaker will limit your account if they somehow able to catch your consistent arbitrage pattern. Sometime they may also restrict your stake.

I think the opportunity are most in football because market is large here and many bookmaker offer different odds. But that is why there are also most sharp trader and automated scanner. As a result, profitable arbitrage window usually does not last more than few minute. So it is not like choosing football alone will make a profit.

[Odohu]

I know what arbitrage betting is but I don't do it. It is even forbidden in many casinos such that if caught, you risk your account being closed and all your money forfeited. I feel it's too controversial for me so I try my best to avoid it because I don't want to put my funds at risk. Make no mistakes, you can still lose money through arbitrage betting even if the bookmakers did not intervene hence,  I don't recommend it as a long term strategy.

[Questat]

In arbitrage betting, it is not always at risk due to the outcome of match. But rather the execution risk is higher. However you may be able to take advantage occasionally. But if you try to use same strategy in long term, you will definitely get into trouble.

not if you don't get caught.

Afaik, most bookmaker will limit your account if they somehow able to catch your consistent arbitrage pattern. Sometime they may also restrict your stake.

I think the opportunity are most in football because market is large here and many bookmaker offer different odds. But that is why there are also most sharp trader and automated scanner. As a result, profitable arbitrage window usually does not last more than few minute. So it is not like choosing football alone will make a profit.

Thats where no KYC can be useful, because sportsbooks may not easily know that the same person is betting on different platforms.

Arbitrage betting normally needs at least two sportsbooks, since you are looking for differences in the odds and trying to take advantage of them. So if both casinos are no KYC, then maybe you will not have much problem with account linking.

But for me that's not even the biggest challenge now. The real question is whether you can still find a good arbitrage opportunity, because bookies are already faster and more advanced in adjusting their lines..

[348Judah]

Some are making money from arbitrage betting, but based on what I have observed, if you gamblers do a match and opportunity from using this procedure in gambling, even though so many gambling casinos have witness do go against the use of arbitrage betting, for any Gambler to consider this strategy, they have to understand what is stated in the casino rules before gambling.

[red4slash]

What I noticed is that the profit in arbitrage betting can be little, but the risk is higher than single betting without arbitrage.

I know this but I rarely even almost never (for now) especially when I only focus on one site to play even though there are several accounts on other sites but I always try to be on one site to minimize deposit money
So that with this scheme I am rarely in arbitrage betting for now.

In addition, my time is too much wasted to check the odds on many sites so I rarely use this strategy even though there may be a positive side to the addition of profits due to different probabilities.
In terms of profit indeed it can be considered but here the focus is not on the number of wins but whether we are sure our bets will get a win because even though we do arbitrage betting strategies but when we lose then there are a lot of losses that we will feel, not only about the nominal bet but also the time wasted to check one by one odds from several sites before not to mention the analysis we do before we decide to bet.

[Botnake]

Some are making money from arbitrage betting, but based on what I have observed, if you gamblers do a match and opportunity from using this procedure in gambling, even though so many gambling casinos have witness do go against the use of arbitrage betting, for any Gambler to consider this strategy, they have to understand what is stated in the casino rules before gambling.

Have you known anyone who is really making money from arbitrage betting?

It may sound easy, but in reality I don't think anyone can do it without a proper system and enough bankroll. So I would assume there are still some people making money from it. And forget about casino rules for now, lets focus only on sportsbooks. Do you know exactly what is written in their terms that makes arbitrage betting a violation?

[Smartprofit]

In my opinion, arbitrage betting in online casinos is a waste of time. 🙋

Online casinos are well aware of arbitrage betting and understand that players who engage in this activity reduce casino profits. Therefore, automated analytics systems are very effective at tracking arbitrage betting and taking appropriate action.

Just like arbitrage betting has effectively died out on cryptocurrency exchanges. What used to bring traders real money has become an anachronism.

At the same time, as a friend of mine told me, arbitrage betting isn't dead. It's just used on prediction platforms where it's not prohibited, as these platforms don't bet against players (players bet against each other).🧖

[Lida93]

I don't need to put my account at risk which is the reason why I stopped Arbitrage betting because the casino I'm using prohibits it. However, you should know that gambling is a game of luck and winning in the long run is rare whether, you are on Arbitrage betting or not.

You touched two areas I was thinking towards when I was reading the OP on arbitrage betting which is what I don't think I can give it a chance with as part of my gambling strategy. I can bet it that there are gamblers who doesn't know that the policy of the casino they're using is against arbitrage betting, and they could be doing it without knowing what they risk.

And borrowing from the fact that gambling is mainly about luck than anything else, it makes the risk take-on unnecessary. I would prefer to go with a single bet strategy where I can risk high stake but with bigger winning chances.

[Russlenat]

In my opinion, arbitrage betting in online casinos is a waste of time. 🙋

it's a waste of time only if you are not effectively doing it..

Online casinos are well aware of arbitrage betting and understand that players who engage in this activity reduce casino profits. Therefore, automated analytics systems are very effective at tracking arbitrage betting and taking appropriate action.

They are already aware of that, but I think its wrong to say winning bettors will automatically reduce their income.

In sportsbook, you are not always betting directly against the casino bankroll. Most of the time the book sets the odds with juice, so they can still earn from the action regardless which side wins.

Of course if the betting is too heavy on one side, or their line is bad, then they can take a loss on that game. But generally the juice is already their advantage.

So now tell me, which part exactly will reduce their profit if they are still earning from the margin whether bettors win or lose?

[PostQuantumBTC]

This is easier said than done actually. Maybe in the past it was easier, but bookies are more advanced now so finding a real sports arbitrage opportunity is already difficult.

I have tried arbitrage betting before but I lost money. I do not believe in it if anyone is planning to make money from it.

I don't need to put my account at risk which is the reason why I stopped Arbitrage betting because the casino I'm using prohibits it.

The odds on most gambling sites are similar, you can use two, three or more gambling sites for arbitrage betting to look for higher odds and place the two bets on two different gambling sites. That is the reason it is called arbitrage. It is like you are saying you are using only one exchange for arbitrage trading and which is not possible.

[Samlucky O]

Arbitrage betting is a risky I will tell anybody who want to try it out to avoid it because it make you lose more. It's better you maintain a normal single game on one gambling site than trying in different gambling site just to capitalize on the odd different, sometimes the odd you get is even worth the risk itself. It's better you try single game on one site, I it lose then you move on. I have not benefited from it and has never seen anyone around me that benefited in a long time.

[bitbollo]

there are many risks on this activity for a little reward. it's also really hard to be able to hedge on the positions with different bookmakers.
Here there is a clear problem too... most of the odds are coming from the same providers.
Unless you'are able to use some large market it could become impossible to find any valid odd.

[Fivestar4everMVP]

I don't need to put my account at risk which is the reason why I stopped Arbitrage betting because the casino I'm using prohibits it. However, you should know that gambling is a game of luck and winning in the long run is rare whether, you are on Arbitrage betting or not.

Exactly what I was going to say, Arbitrage betting is prohibited on almost every betting platforms, they believe this is a form of cheating and this is why I personally don't try it.
I've read about arbitrage betting a couple of times and considering the risk of losing that is still present, I wonder why I would still want to engage in it and also add the risk of losing my account and even get my account balance confiscated by the sportsbook.

There are several markets to bet and make money from, arbitrage betting only adds some extra layer of risk to our betting and I don't understand why some bettors engage in this.

[Natalim]

Exactly what I was going to say, Arbitrage betting is prohibited on almost every betting platforms, they believe this is a form of cheating and this is why I personally don't try it.
I've read about arbitrage betting a couple of times and considering the risk of losing that is still present, I wonder why I would still want to engage in it and also add the risk of losing my account and even get my account balance confiscated by the sportsbook.

There are several markets to bet and make money from, arbitrage betting only adds some extra layer of risk to our betting and I don't understand why some bettors engage in this.

The question is, how will they know you are doing arbitrage betting?

If you bet on sportsbook A and also bet on sportsbook B, using different aliases since many casinos still offer no KYC, how can they really detect that both accounts belong to the same person.

And if they accuse you without clear proof, wouldnt that be unfair on their part. I also remember reading about users getting banned just for placing the same bet on two sportsbooks, even when it was not really arbitrage. That kind of rule can easily be abused by a sportsbook, especially if they only use it after the bettor starts winning.

[dzonikg28]

there are many risks on this activity for a little reward. it's also really hard to be able to hedge on the positions with different bookmakers.
Here there is a clear problem too... most of the odds are coming from the same providers.
Unless you'are able to use some large market it could become impossible to find any valid odd.

This is exactly the problem. I think I could now tell more than half a dozen casinos that use the same source of information for their odds. I suppose that this is because the odds providers have their own statistics, which they can offer to bookmakers and if the bookmakers see that one is making more money than the other, I think many of them choose the most profitable and reliable odds provide Once this happens, more bookmakers are pulled in because it makes sense if they want to eliminate arbitrage potential, to just use the odds provider that most other bookmakers use.

So I think many of the bigger, popular bookmakers will have very similar odds and if you want to try out less established bookmakers, you are running the risk of your funds being stuck in a shady place and you can't do anything about it, which would instantly destroy some of the profits you have made from arbitrage. it is not only about identifying an arbitrage opportunity, but also about whether the bookmakers are trustworthy.

[_act_]

there are many risks on this activity for a little reward. it's also really hard to be able to hedge on the positions with different bookmakers.
Here there is a clear problem too... most of the odds are coming from the same providers.
Unless you'are able to use some large market it could become impossible to find any valid odd.

Even with large market, I think that arbitrage betting will be very difficult. Risking the same amount of money on a single match two times is far more risky and I do not think it is worth the little reward.

Another thing is that some people that will think of it are people that might think they can make gambling a means to earn some money and which is wrong.

Some people can first be lucky, but with time I think it will turn to loss instead.