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#1
03-12-2005, 00:57
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Sports Arbitrage betting
Anyone know much about Sports Arbitrage betting?
I've read up loads on it, and once you get past the 'you can't lose' catchline, it is a guaranteed way to place bets that don't lose. I guess the problem with doing this in Thailand is that you can't actually get to the sites you need to, to place the bets - especially betfair. (what is the line on gambling sites over here? a no-no I presume  )Anyone done this before or know someone who has been betting this way? 
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#2
03-12-2005, 01:44
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Im sure you could use a proxy server to access the sites.
Although there is NO guaranteed way to place bets that dont lose, else it wouldnt be called gambling, it would be called other people giving money to you for no reason at all.
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#3
03-12-2005, 01:45
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Diz seems to be the man in the know about the Gee Gee's , me , I lose in the Donkey Derby.
__________________
Member of Phuket Hash House Harriers
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#4
03-12-2005, 02:01
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Quote:
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. For example.... These were the odds on who will win Group 9 of Football's Euro 2004 qualifiers: Italy: 2.25 (5/4) (William Hill & Intertops) Wales: 4.00 (61/20) (Nordic Bet) Yugoslavia: 4.50 (7/2) (William Hill) Finland: 100.00 (99/1) (Nordic Bet) Azerbaijan: 5000.00 (4999/1)(Nordic Bet) Using rounded-up numbers, if you placed bets on these teams of £480, £270, £240, £11 and £0.25 respectively you would be guaranteed to get £1080 back whoever won the group for a total outlay of £1000. In other words, 7% risk-free and tax-free Granted this is a long term bet example, but these opportunities occur hundreds of time every single day in tennis/snooker/ice hockey etc even football/rugby matches now imagine you are turning over 3/4/5% multiple times every day, and you can see that you can make a tidy sum doing this, completely tax free, and risk free if you are careful about how you go about it. I know of several people who do this full time and manage to turn over 4-5k a month. There are also subscription services which will txt/email you when they find opportunities. With regards to using proxies to access these sites, I'd rather not. It doesn't guarantee that you will not be caught sometime in the future, and that is the last thing I want out here!! 
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#5
03-12-2005, 02:26
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Well I dont know if your figures are correct but taking your word for it, it all seems to add up.
However are there any charges for the betting,can you make a 25p bet without any charge? What about transferring the money between accounts and then the commission/charge etc.. on taking the money out over here? Your scenario is also a BEST CASE scenario, quoted by a website as an example of how easy it can be. Might be able to make some serious money if you had a large sum of cash, but transferring large sums of cash around incurrs its own charges. Also I'm guessing that the only real betting odds disparity is inter-country, so then you have currency fluctuations and a probably .5 to 1% loss on even more currency conversions. Last edited by Benjy : 03-12-2005 at 02:32.
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#6
03-12-2005, 02:28
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If you have all teh money going in and out of a UK account, They will never find out - its probably not at the top list of their priorities, besides if you CANT lose then its not gambling.
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#7
03-12-2005, 02:39
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Quote:
yes you are right, you will incur charges for moving money around/currency conversions etc...but doing it in a smart way will reduce these charges. You also have to be careful about placing large bets regularly with bookies as they will get smart and restrict your account. The example listed was from a retired guy who now does this at home not from a commercial website. It is not a best case scenario, that was a real opportunity that was available, and they continue to be available today. I have seen examples of 7/8/9 and even 11% returns. I have seen an example today of an 8% return on the super bowl outcome. I am definitely not saying this is an easy money making venture, but as I said already there are people who do this full time and make good money, and it sure would be nice to be over here earning relatively easy money tax free!!
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#8
03-12-2005, 02:42
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Trouble is they restrict all the gambling sites over here, or at least most of the big ones. You'd need about 20 acocunts open to be able to take full advantage so it's not really an option here. The fact that you don't lose money doesn't mean it's not gambling, it's just that you are gambling with odds in your favour.
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#9
03-12-2005, 02:42
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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
__________________
Only a woman can break his spell. Pure in heart who will offer herself Last edited by dizbuster : 03-12-2005 at 02:49.
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#10
03-12-2005, 02:56
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OK, What if?
1) Due to an internet ****-up, you think you place a bet, but you dont or you do at the wrong value - it comes in and is your lowest odd cover (i.e Italy in the example) 2) The country who you made the winning bet in has a devaluation, quickly and suddenly. 3) The company you bet with goes under. 4) You make up almost all of your bets and are just in the process of placing the last bet in the nick of time and your internet connection fails, that bet wins. 5) You muck up your maths and screw it all up. Theres 5 ways just off the top of my head where you could lose money, might be 25p, might be 480 quid - I'm sure theres lots of other things that could go wrong therefore turning the GUARANTEED WIN on its head.
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#11
03-12-2005, 03:08
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I'm pretty sure there would be rich pickings on betfair, as there will be a more varied set of odds on offer and this would presumably get around the issue of moving money around and associated charges, although they take a slice of the action, but not sure how much.
If you did have a big pile of cash then picking up on a couple of high return arbitrages every now and then would be very profitable....but I don't have a large pile of cash  On to the next grand money making scheme then....
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#12
03-12-2005, 03:11
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Quote:
__________________
Only a woman can break his spell. Pure in heart who will offer herself
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#13
03-12-2005, 03:12
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Yes but bookies sometimes lose money as well, Also its their jobs so they tend to know what they are doing and bookies tend to be incredibly good at the maths.
Its one of those things where, if your really into it, know your stuff and have been doing it for a while, its probably is quite easy to make money at it. Just the chance for making a mistake, or having the internet drop at a crucial moment is probably just too much of a risk over here. You could probably do exactly the same sort of thing with the currency markets etc... I reckon there are opportunities for an internet business to make money here in Thailand, its just got to be the right business. When I was first here I made around 25k US$ a year from doing my old job in the UK on the internet. Last edited by Benjy : 03-12-2005 at 03:15.
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#14
03-12-2005, 03:13
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yeah sure there are loads of ways for things to go wrong and inevitable would at some point, but again to do it properly you would place the bets in the correct order to minimise any issues you come up against, and also have more than one source of the odds before you commit that was not a great example to give, as you would usually be placing on bets on two way outcomes, and generally betting on results that are not just about to kick off or run etc..
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#15
03-12-2005, 03:20
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I'm hopefully going to be working via the internet doing the same as back home which should be good money, but I'm always on the look out for an easy life! and if immigration occasionly read this forum, yes I will be getting a work permit first!! btw - did you see the crime figures for this month in Phuket? Gambling was top again(surprise, surprise) but there were 68 farangs arrested for working illegally  that sounds alot, and what were they doing to get caught?
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#16
03-12-2005, 03:24
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selling suits, working for construction companies that didnt apply for the right permits.
That figure I believe covers all Nationalities, mostly they would be Burmese, Nepalese and Laotians, probably in that order.
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#17
03-12-2005, 03:32
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uh yeah, read that as farangs - not foreigners
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#18
03-12-2005, 15:04
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I have actually looked very closely into arb betting in the last few months.. I PM'ed Diz about it also..
Thing is you need to be full time ready (if you subscribe to an arb alert service) so its a kind of low volume but always on call workload.. does make money it seems. I recently subscribed to a betting service and am already a few 1000 GBP up.. Pretty incredible results and I will make a full in detail post later today.. So far I have made a very very respectable return (I collected 500 GBP last night and am set for another on Tuesday).. I also have communicated with some people on subscriber lists for sport betting that are doing very well.. 3 months ago this subject would not have interested me at all as I think and thought the bookie always wins.. Now my eyes have opened to the possibility that the bookie can be beaten and that there are experts out there whose information can be bought.. If the services I am currently using keep building I will attempt to snowball the winnings and increase the bet sizes.. Just one fo the services I am using made 20k GBP from 100 GBP in the year according to thier historical stats.. My only regret so far is I started with a 1k GBP bank and not 10k !!
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#20
03-12-2005, 16:33
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There is a (rough) staking plan.. as the pot is not being drawn down I can just increase the % of bets as the pot grows..
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#21
03-12-2005, 20:16
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been looking into this whole area myself recenty, IMO need to treat reports of 'guaranteed' free money with great caution. some straight info. here
http://www.homepokergames.com/sportsarbitrage.php not saying it can't be done and will continue doing some more homework - will post results pro or con when I know more. Still interested in other ideas for income streams to make dream of long-term stay in LOS a reality, any advice welcomed. Found this especially interesting if anyone fancies sharing their insights  Quote:
really don't need a fortune, just something reliable and sustainable Odysseus
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#22
03-12-2005, 20:33
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Well its not simply guaranteed free money.. Theres a lot of work in placeing the bets, getting collections, using multiple sites (and having accounts with each of them so spreading your stake around) etc.. Arbs does seem real but I am unsure on the workload and returns..
I have found that the sport4profit site has a very good reputation.. Thier rugby singles for example has performed very very well.. My current gambling is only on services that bet financial markets not sport markets. All I can say is very heathy profits so far. I will take time to write a post in the next few days to document my historical bets and returns.
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#23
03-12-2005, 20:34
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Check out Greg Gordons pieces as progambler.co.uk he is using the sport4profit service and winning..
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#24
03-12-2005, 20:50
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thanks LL, totally agree especially the need to have money with considerable number of books - some suggestions of 1000($or£, up2u) with at least 20 books. Too much for some I suspect
think the workload could also be prohibitive especially if you want to generate your own arbs and not rely on a service which is least attractive option i.e cost of subscription, limited number of arbs/month, difficulty on getting on at advantageous price etc. again thanks for the hint - keep you posted Odysseus
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