Sports Arbitrage

[housenuts]

please explain what arbitrage is

[Thremp]

Okay, so you worked on some unsuccessful models. I'm glad you are an expert. There are people who will clear over 40k in a year on a 20k bankroll with under 100 hours a month.

There are also people who will work a ton and do over 100k on a much larger bankroll.

I'd say if you know what you are doing you could make 15k easily under 6 months starting with 10k in under 50 hours per month.

[AvivaSimplex]

Why would you need models to arb? Isn't it just a question of simultaneously betting lines at different books to guarantee a profit?

Do the models predict when lines will move, or what?

[B00T]

You should work on your facts and your arguements would look even better. [img]/images/graemlins/cool.gif[/img]


To kyleb, I am real curious what in the world these "models" could be. They are seriously flawed in whatever the case.

If I told you I know multiple people clearing well over 250k a year, would you believe me?

[Thremp]

[ QUOTE ]
You should work on your facts and your arguements would look even better. [img]/images/graemlins/cool.gif[/img]


To kyleb, I am real curious what in the world these "models" could be. They are seriously flawed in whatever the case.

If I told you I know multiple people clearing well over 250k a year, would you believe me?

[/ QUOTE ]

I wanted to set a low floor for a potential prop bet. Did not work out.

People can make much money.

[ttttt]

[ QUOTE ]

If I told you I know multiple people clearing well over 250k a year, would you believe me?

[/ QUOTE ]

No - Unless I'm missing something huge.

I arb'd quite a bit in the past using one of the paid subscription services. I found it stressfull and not very profitable considering the time I put in. Nobody using the service I was using were making that kind of money.

You/they must be finding the arbs yourself and putting huge sums on to make 250k/year. And how do you deal with situations where one side of the bet is cancelled leaving you exposed?

Also, how do you not get banned/restricted by the bookies? I had many of my winning accounts closed or my bet sizes were restricted to such a level that it wasn't worth continuing

[Thremp]

t,

I don't think you are very good at what you do. People use subscription services to add small random arbs throughout the day that may add a little bit to their overall take. Almost all arbs are found/shared manually.

Eventually most books will ban you... Some won't. There are only like 400 books so you can always keep checking.

[ttttt]

[ QUOTE ]
t,

I don't think you are very good at what you do.

[/ QUOTE ]

I'm not claiming to be good at it. Just sharing my experience.

[ QUOTE ]
People use subscription services to add small random arbs throughout the day that may add a little bit to their overall take. Almost all arbs are found/shared manually.

[/ QUOTE ]

Manually, as in trawling through all the odds? Seems like this would take forever. Are you working in teams to speed this process up?


[/ QUOTE ]

[B00T]

[ QUOTE ]
Manually, as in trawling through all the odds? Seems like this would take forever.

[/ QUOTE ]

Of course it takes forever. It's like anything else. The more you put into something the more you get out of it. Do you want to sit at your computer for 9 hrs on Sat + Sun? People who 12 table NL$1000 8 hrs a day make tons more money than a player playing 2 tables of NL$50 for a half hour here and there.

It's not easy to break 6 figures if you aren't willing to dedicate yourself to it, but it isn't all that difficult if you do.

[kaboshedx]

listen to the Boot.