Comments on: Riskfreeprofit’s Sports Arbitrage Trading - Gambling or Investing? http://www.oneworldincome.com/2007/09/30/riskfreeprofit/ The Alternative Investing Blog, no "HYIP"! Wed, 07 Jan 2009 01:48:33 +0000 http://wordpress.org/?v=2.7 hourly 1 By: admin http://www.oneworldincome.com/2007/09/30/riskfreeprofit/comment-page-1/#comment-50 admin Sat, 06 Oct 2007 13:06:34 +0000 http://www.oneworldincome.com/2007/09/30/riskfreeprofit%e2%80%99s-sports-arbitrage-trading-%e2%80%93-gambling-or-investing/#comment-50 I've thought of trying it out, but opted not to realizing that it would take alot of dedicated time in from of the computer in addition to all the setup time. It is analogous to the Gold Rush; people making money selling the tools and equipment and not the prospectors. I’ve thought of trying it out, but opted not to realizing that it would take alot of dedicated time in from of the computer in addition to all the setup time. It is analogous to the Gold Rush; people making money selling the tools and equipment and not the prospectors.

]]> By: D. Mitchell http://www.oneworldincome.com/2007/09/30/riskfreeprofit/comment-page-1/#comment-47 D. Mitchell Fri, 05 Oct 2007 09:40:45 +0000 http://www.oneworldincome.com/2007/09/30/riskfreeprofit%e2%80%99s-sports-arbitrage-trading-%e2%80%93-gambling-or-investing/#comment-47 I did arbitrage sports betting for about a year, and yes I did make money but it was hard work and very stressful. And you do lose money on some bets so let me tell a few of the pitfalls which those selling the idea don't mention. I used some free websites which highlighted the opportunities to place bets on. (I did subscribe to a service for a while but even then I found the odds had changed by the time I got to the site, and the subscription reduced the gains). 1. You need to keep money in all the accounts you use most. Odds change very quickly and there is usually no time to load your account when an opportunity arises. 2. Some bookmakers limit the amount which can be placed on particular events. Unfortunately you don't know what the limit is until you place the bet. This can result in a big loss if your second bet cannot match the first bet. With experience you know which bookmakers will do this and you place the first bet with them to test the water. 3. Odds change very quickly once a bookmaker realises he is getting a lot of bets (remember there are lots of people doing the same thing). So your arbitrage disappears after you have placed the first bet and you can be left with a loss. 4. Bookmakers have different rules for different sports. For example in tennis in the event of a retiral by one player some bookmakers accept the winner at that time as the final result. Other bookmakers declare the game void and return your stake. Although you can be on the winning side with these rules I lost a lot of money because I was always on the losing side! You would be surprised at how often games are not completed. It takes a lot of arbitrage gains to make up a loss like that. 5. Most arbitrage situations give 0.5% - 1.00% gain, which you can make money with. You do get bigger gains from time to time if you get in before the odds change. The main reason I stopped arbitrage betting was because the bookmakers who provided the most favourable situations reduced my maximum bets to a value which didn't make it worthwhile to continue. Despite everything I have said above I still made money, but it took a lot of hours checking the computer throughout the day. It is not as easy as the ads suggest! I did arbitrage sports betting for about a year, and yes I did make money but it was hard work and very stressful. And you do lose money on some bets so let me tell a few of the pitfalls which those selling the idea don’t mention. I used some free websites which highlighted the opportunities to place bets on. (I did subscribe to a service for a while but even then I found the odds had changed by the time I got to the site, and the subscription reduced the gains).

1. You need to keep money in all the accounts you use most. Odds change very quickly and there is usually no time to load your account when an opportunity arises.
2. Some bookmakers limit the amount which can be placed on particular events. Unfortunately you don’t know what the limit is until you place the bet. This can result in a big loss if your second bet cannot match the first bet. With experience you know which bookmakers will do this and you place the first bet
with them to test the water.
3. Odds change very quickly once a bookmaker realises he is getting a lot of bets (remember there are lots of people doing the same thing). So your arbitrage disappears after you have placed the first bet and you can be left with a loss.
4. Bookmakers have different rules for different sports. For example in tennis in the event of a retiral by one player some bookmakers accept the winner at that time as the final result. Other bookmakers declare the game void and return your stake. Although you can be on the winning side with these rules I lost a lot of money because I was always on the losing side! You would be surprised at how often games are not completed. It takes a lot of arbitrage gains to make up a loss like that.
5. Most arbitrage situations give 0.5% - 1.00% gain, which you can make money with. You do get bigger gains from time to time if you get in before the odds change.

The main reason I stopped arbitrage betting was because the bookmakers who provided the most favourable situations reduced my maximum bets to a value which didn’t make it worthwhile to continue. Despite everything I have said above I still made money, but it took a lot of hours checking the computer throughout the day. It is not as easy as the ads suggest!

]]>