Anyone interested in splitting the zero-risk-arbitrage BetAlerts?

[craig]

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arbitrage is a waste of time. Too much effort for too little money.

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Not really. Arbitrage (scalping) is the way that many successful sports bettors make a LOT of money. You have to have a decent-sized bankroll to do it, but it is clearly not a waste of time.

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And if you treat it like a long term mutual fund and not withdraw your profits, the compound interest would make this even less of a waste of time.

There are so many ways to arb/middle and to not take advantage of it (while bonus hustling) is a mortal sin of gambling. It is almost as bad as not doubling with an 11 against a 6 in blackjack.

craig

[tech]

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less than 1% return on your bankroll

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Here is the thing that most people don't realize -- a 1% return on your bankroll in less than one week is ABSOLUTELY F'ING AMAZING.

If you make one scalp per week at that rate over a year, that is a 67% compounded annual return. Do you have any idea how many investors would kill to make even a 20% annual return on their investments in the stock market?

[BobJoeJim]

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less than 1% return on your bankroll

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Here is the thing that most people don't realize -- a 1% return on your bankroll in less than one week is ABSOLUTELY F'ING AMAZING.

If you make one scalp per week at that rate over a year, that is a 67% compounded annual return. Do you have any idea how many investors would kill to make even a 20% annual return on their investments in the stock market?

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Absotively. Which brings me back to my original questions, how likely is it that you can find one 8 cent scalp a week, over 5 books? What if you have 10 books? How about 5 cent scalps, or 11 centers? And so on...

[20Five]

if i had more money to put into such an operation i dont see any reason why i wouldnt.. this is the best way to do it for sure.

[Caldarooni]

Why settle for 1% per week when you can get a 90% return by betting your entire bankroll on the Broncos?? [img]/images/graemlins/cool.gif[/img]

Seriously, I don't know that such a service is worthwhile for the US bettor who has other free options available.

[craig]

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Why settle for 1% per week when you can get a 90% return by betting your entire bankroll on the Broncos?? [img]/images/graemlins/cool.gif[/img]

Seriously, I don't know that such a service is worthwhile for the US bettor who has other free options available.

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TRAPPPPPPPPPPPPPPPPPPP!!!!!!!!!!!!!!! [img]/images/graemlins/smile.gif[/img]

[PropPlayer]

I'm pretty sure that if you compounded 2% ever week on a $5000 bankroll you would end up with $1,000,000 in about 5 years.

[craig]

Obviously a waste of time as someone has stated above.

craig

[JohnnyHumongous]

Is it actually possible to arbitrage with large bankrolls? Can one put 50-100K into a scalp easily? I guess you have to have the mobility to move money into a scalp very quickly. Is it feasible to keep 50K on neteller for this and move it in and out of sports betting sites as required for the purposes of arbitrage?

[ImNew]

It's great if it is INDEED a 2% compound interest on your bankroll every week, I'm just sharing my 2c. If it was that great, no one would get a real job.

Just try it, if you get rich, that's great. But I've been there and decided to get away from it because I don't have a big bankroll and the time for it. Yes, you can make some money here and there no risk blah blah blah but it's just not as easy as it sounds. Think why people provide Arbs service to average Joe out there, do you honestly think they're helping you to get COMPOUND INTEREST on your bankroll every week?