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Originally Posted by syeatman
There certainly are ways to place bets that don't lose. Different bookies give different prices on the results and between some you can find a discrepency that will guarantee a profit...
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Quite right. It's not something that has interested me, mainly because you need to be monitoring the markets all the time. Also, if you use a service that monitors the websites for you and advises you of opportunities as and when, then you need to be able to react straight away, as the arbitrage opportunity will soon be closed as all the others subscribing to the same service will be piling in.
With regards to placing bets in countries like Thailand, it is illegal, however I am led to believe that with the help of certain software these restrictions can be bypassed, but I have no personal experience of whether this is true or not.
Plenty of info on this site if you can access it
http://www.sports-arbitrage.com/
Good luck