Sports Arbitrage

kaboshedx · #1 10-03-2006, 02:39 PM

Hi All,

Anyone have experience with Sports betting Arbitrage? Would love to hear some tips / stories / red flags?

thanks much,
Kabo.

BiPolar_Nut · #2 10-03-2006, 02:51 PM

The largest red flag that comes to mind is getting one side to go through and have the line move against you before you lock the other side. On a relate note, if you find a line that is "obviously off" and the wager wins, the book may cancel the bet, leaving you with a large loss at the other book.

If you're scalping 1-5% arbs, it won't take many miscues to seriously hurt your BR.

Obviously, it can be profitable as well. I don't have enough experience to tell you how often the above may happen.

Thremp · #3 10-03-2006, 10:19 PM

If all my arbs were 1-5% I'd be filthy rich.

BiPolar_Nut · #4 10-04-2006, 02:12 AM

I pulled 1-5% out of the air based on memories of some I've seen recently in SB....but I guess some are tying up funds for a lot longer. Entirely possible I only remembered the bigger ones and certainly I am missing seeing a whole lot of smaller ones that don't get posted.

Thremp · #5 10-04-2006, 02:38 AM

The vast majority are like for 5-30 bucks and return .25-1%

BiPolar_Nut · #6 10-04-2006, 02:56 AM

Thanks for the info!

kyleb · #7 10-13-2006, 08:40 PM

kaboshedx,

Arb'ing is time-consuming, difficult, stressful, and to make it worthwhile (as a primary or even good secondary income stream), you need high a six-figure bank account.

Thremp · #8 10-13-2006, 10:38 PM

[ QUOTE ]
kaboshedx,

Arb'ing is time-consuming, difficult, stressful, and to make it worthwhile (as a primary or even good secondary income stream), you need high a six-figure bank account.

[/ QUOTE ]

You don't know what you are talking about.

kyleb · #9 10-14-2006, 01:18 AM

[ QUOTE ]
[ QUOTE ]
kaboshedx,

Arb'ing is time-consuming, difficult, stressful, and to make it worthwhile (as a primary or even good secondary income stream), you need high a six-figure bank account.

[/ QUOTE ]

You don't know what you are talking about.

[/ QUOTE ]

Except for the fact that I worked on several arbitration models for baseball, I suppose not.

Maybe arb'ing is worthwhile to you on a lower bankroll, but I can find much better things to do with my time.

housenuts · #10 10-14-2006, 10:02 PM

please explain what arbitrage is