jambutty

Most of the information that was in this post is obsolete, so I have removed it.

It also means registering with many on-line bookmakers, depositing some money in them and then accessing each to view the odds of the chosen event.

Arbitrage Betting isn’t something that you can do on the cheap. You would need at least $100 in every bookmaker that you register with and they MUST be FIXED ODDS.

You will have to find your own Bookmakers. There are hundreds of thousands out there.

Beware though – some bookmakers will quote the same match in reverse order. And many bookmakers quote the odds in the old fashioned way – 11/5 – 5/6 – 11/10 so you would have to convert them to decimal odds.

luke1

By the way Jim, how safe to invest in a sport arbitrage program?? Is it as risky as HYIP??
Even I wonder, some HYIP can make sport arbitrage script as a reason to get investor. And we don't know if they do it for real.

Okosh

HYIPS who claim they do sports arb betting is like HYIPS that claim they are traders and are investing in forex...You can make your own decision if you believe them or not...

Best way is if you do sports arb betting by yourself....This way you are in full control....

I wasn't sure if posting links was allowed so I didn't post any if other thread...
But I see here that Jim did so I'm guessing it's ok....

Lot of great info can be found here... http://www.bashthebookie.co.uk/

Free sports arb pics....
http://www.gamblers-paradise.net/main/
http://www.oddstorm.com/

Some sites give free trial then they expect you to pay....
http://www.arbexpert.com/
http://www.zero-risk-arbitrage.com/...rorisktrial.htm
http://www.sports-arbitrage.com/
http://www.arbhunters.co.uk/
http://www.betlines.net/

There is also a forum dedicated to sports arbitrage betting....
http://www.arbforum.co.uk/cgi-bin/yabb2/YaBB.pl

Hope this helps

vbleble

I agree with okosh, except gni i never trust any other sport arb site. I would like to play sport arbs my self instead of by the others' hands. although I love GNI, but I believe the profit I make by playing sport arb myself will be greater

I have just made a quick glance through the websites that provided by jam and okosh. I still have 2 questions to ask, how do I know if the odd is a fixed odd?

Also, is it really impossible for players with less than $100 to join?

luke1

Hmm, this sounds interesting. Another thing, is the online betting website really safe. It means they won't suddenly close their site, so no matter what, they don't pay our winning bet.
Frankly, I still need a lot of time to learn doing sports arbitrage by myself.

Okosh

This is off topic but GNI is one example of the HYIPS that CLAIM to do sports arbs...

Like I said b4....

jambutty

It carries a similar risk to HYIP’s ROI Autosurfers etc. with one small but crucial difference.

Trading in Forex or shares can bring losses as well as gains. Arbitrage betting is a genuine win, win situation. But you still have to rely on the integrity of the programme admin.

The guy who runs SureBets4All seems to be genuine and the returns are good. No, we do not know if he does it for real but if he was faking it, the programme would surely have folded by now. My view is that the admin of SureBets4All is playing the Arbitrage Betting game. He could, of course, pack in at any time. But why should he? He’s making a lot of money using our money. Just do the maths. We get 40% per 34 days. No doubt he will make a decent percentage for himself.

He has $250 of mine and I will get that back plus $100 after 34 days. But if he used that $250 every day and got just 2% per day (68% [$136] in 34 days) he would give me $100 and keep the $36 for himself. If he has just 100 $250 customers he would be earning $3,600 in 34 days for himself. But what if he had 1,000 customers? Would you chuck in such a great potential?

SportArbs is, in my view a bit of a con, as I explained in http://goldentalk.com/t34415.html page 6 post #57. Unless you opt for a sizeable compounding percentage you cannot make a profit.

SureBets4All is the golden goose laying the golden eggs and subject to me reaching my 34 days successfully I will be increasing my stake to $500 for a $200 return every 34 days. If that works out OK and I get my $500 back plus a bit, my intention is to work the stake up to $1,000.

In the meantime I will continue with my research on Arbitrage Betting with the possible intention of going it alone. But that’s a long way into the future so it’s just a dream.

Much obliged for your input Okosh.

I’m sure that it will be helpful to some.

Okosh

It's also important to keep in mind the fees with sports betting....

Naturally the bookies want you to bet so to deposit funds to your account is free....Problem comes when you want to withdraw your winnings....

The fees vary depending on what country you in....For me it can be rather expensive to withdraw US$ or GBP to my Australian bank account which is in AU$....

Regardless of any fees if any that the bookie may charge the banks here always charge fees....So this needs to be calculated as it will eat away at part of your profits....

jambutty

So very true but surely people would have found out about fees BEFORE sending any money?

Probably not because far too many people wander around with $, £, €, ¥, zł, signs in their eyes dreaming of how soon they will be rich.