[Aegist]

I'm just curious, is anyone here (I assume everyone here regularly gambles on sports events right?? ) interested in Sports Arbitrage??? Do you think gamblers are an appropriate audience for advertising of an arbitrage service, or would the average gambler really dislike the idea of taking small guaranteed profits instead of the occasional big win?

If you don't know what arbitrage is, basically, its getting good odds for both teams on a sporting event from two different bookmakers so that you can back both sides and lock in a known profit. Sports Arbitrage Guide has a thorough explanation of it if anyone wants to find out more.

Shane

[naught33]

id def be interested in it...making $$ is making $$...so what if you only make 50 bucks instead of 300 or whatever it is.....problem is ive seen it b4 and a lot of us here in the US dont have access to all the euro sportsbooks where most of this happens?

feel free to post your thoughts here and if you see anything at books we can take advantage of please let us know!

[Aegist]

Yeah are right, being in the US is a problem with many good books, but it doesn't exclude you at all. There are plenty of really good books which accept US citizens, Pinnacle, VIP, Bodog, 5Dimes, BetJamaica, TheGreek, CanBet not to mention many many many more...

You don't have to have European books to make arbs. I will do my best to post some arbs here for you guys to take advantage of, but most of the time they only last a couple of minutes (you will have to check my post time on the board whenever I do post one) before one bookmaker or the other changes their odds...

Shane

[naught33]

thanks man ill be looking fwd to this, i already have accounts at several books and am always down for making some coin! any help would be appreciated greatly and welcome to the forum!

[Eaglesfan]

INTRESTING BUT I THINK YOU SHOULD ADVERTISE WERE EVERYONE ELSE DOES

[Aegist]

Thanks, I'll do my best, but I really doubt anything useable will come out of it. I usually rush through arbs in about 3 minutes and don't get all of them. The chance of me being able to post appropriate arbs in here, and those arbs being useable is slim.
What sportsbooks are you registered with? It will help me to keep an eye open if I know what books matter to you.

BTW, what name does the man in charge go by around here? I only know him as SCI, but I don't know if he would keep that name in these forums since that name obviously refers to the website

[Aegist]

Sports Interaction: Boston Redsox at 2.25
CaribSports : New York Yankees at 1.83

posted 1:58am Australian EST

[naught33]

thanks for the info man...the leader of the pack is named tommy, he goes by BIG123 in the forum.

[Tommy]

Hey Aegist, How's it going buddy. Glad you signed up and posted.

I used to allow signature URL's but I did away with them a long time ago because it got out of control. Sorry about that.

Welcome to the forum...

[Aegist]

10Bet Baseball, LAA over 8.5 = 2.05
BetJamaica " Under 8.5 = 2.0
1.23% arb

Hey SCI,
NP with the signature. I'll be sure to see you around

[charlie476]

Not to bash Arb trading but is hard to make alot of money. You said you'd take $50? well the size of betting would take to win $50 is $2000 supposing you get 5% return which most are 2-4%. So u have to lose on 1 or the other sportsbooks. Meaning you would have to withdraw half of the money to put back on another sportsbook or possible have to put on to diff sportsbooks. So then you have to pay $15 withdraw fee on about 85% of all sportsbooks. which would give you $35 for doing nothing. But one way to look at it is Free money is free money. But supposing you have $2000 to throw around yoy could make $1050 a month if you made $35 a day which anyone on here would take 1050 a month for nothing

[charlie476]

By the way big123 is this ur site? If so how are u im on VIP forums and found ur site from there

[Tommy]

Welcome to the forum Charlie

[charlie476]

hey how long has the site been going every1 gets to my site and runs away from it lol

[Aegist]

Originally Posted by charlie476

Not to bash Arb trading but is hard to make alot of money. You said you'd take $50? well the size of betting would take to win $50 is $2000 supposing you get 5% return which most are 2-4%. So u have to lose on 1 or the other sportsbooks. Meaning you would have to withdraw half of the money to put back on another sportsbook or possible have to put on to diff sportsbooks. So then you have to pay $15 withdraw fee on about 85% of all sportsbooks. which would give you $35 for doing nothing. But one way to look at it is Free money is free money. But supposing you have $2000 to throw around yoy could make $1050 a month if you made $35 a day which anyone on here would take 1050 a month for nothing

Hey Charlie,
To make $50 you need a 5% trade from $1000, most trades I make are 1% or so, but thats because I can get a lot of them, and I find that more often more effective than waiting for the big ones. The 5% and above trades do occur, but they are hard to place in time, and also hard to get when you have a limited number of bookmakers funded.

As for the withdrawal fees, I simply use bookmakers which allow free Neteller withdrawals. There are plenty which allow free moneybookers withdrawals and many which offer a range of other free withdrawals. Choose your bookmakers carefully if you are going to try to make arb trades because you will eventually need to move money around (it won't happen after every trade though).

Shane

[charlie476]

U sure about that?? it takes $2000 to make $50 cause if u have $1000 half has to go to 1 sports book and about half has to go to the other sportsbook. so if u have 500 on 1 sportsbook and u make 5% u would get $25 catch my drift

[charlie476]

unless im thinking wrong which im know to do alot lol

[Aegist]

Originally Posted by charlie476

U sure about that?? it takes $2000 to make $50 cause if u have $1000 half has to go to 1 sports book and about half has to go to the other sportsbook. so if u have 500 on 1 sportsbook and u make 5% u would get $25 catch my drift

The arb percentage is calculated from the overall winnings, not each individual bet. That is, if one bet outlay is 490 and the second outlay was 490 and each bet would returns $1000, then your outlay is 98% of the winnings, meaning 2% arb. Your return on investment though is larger than 2% since $980 is your investment and $20 profit / $980 = 2.04%

Anyway, as you can see, its the percentage of the total winnings that makes the arb percent, not each bet.

My website goes through all of the calculations rather thoroughly if you were interested.

[Aegist]

Sigh, I spent to much time trying to get a clean and easy example, and ended up making my post very unreadable. Sorry...

To calculate an arb it is very easy to start from a chosen winnings ($1000 is an easy number to work with) and calculate the bets from the odds. Say you have an arb on 2.15 and 1.909

$1000 / 2,15 = $465.11
$1000/ 1.909 = $523.83

So if you place $465 on 2.15, you will win $1000, while placing $523 on 1.909 will win $1000. Your two bets cost you $988.95, yet guaranteed winnings og $1000. That is an arb of 1% because there is a 1% difference between the outlay and the winnings.

Any given bookmaker will have total betting percentage between 101% to 110% usually (that is, if you bet both sides at the bookmaker, you two bets would total 1-10% more than the winnings would be.) An arb is formed when the two odds you get allow your two bets to be less than your winnings. And hence the arb percentage indicates profit from the total trade...



Hope that has helped more than confused.

Shane

[Aegist]

I am not certain that everything is OK with this arb, but its a beauty, so someone check it out and report in if you can place it or not.

Tennis
Mens French Open

Monfils at 2.54 Pinnacle vs Djokovic at 1.714 Bet19

bet19 = VIPSports = BetGameDay = BetonFighting = WSSB = a couple more
ALSO, odds of 2.5 at FiveDimes, 2.5 at VictorChandler and odds of 2.45 at Canbet.

This arb has been running for over 5 hours now, so if you are going to try it out, place the VIP side first and make sure they haven't limited the bet to $0 or something before you place the pinnacle/VC, 5dimes side.

FOr a $1000 trade, bet $400 at pinnacle to win $1016, and $600 at Bet19 to win $1028.4
Arb is 2.33%


Shane
posted 6:05pm +10GMT