Can a good arbitrage bettor make $100/hour ?

[aflaba]

Sorry for the newb post. But I have only one question for this one question, so I hope you can bear with me for this one lone question.

Say a person doesn't know anything about sports. But he is good at searching for arbitrage opportunities. Can he sustainabily have an EV+ of more than $100/hour over five hundred hours in a year?

[Jaguar101]

[ QUOTE ]
Sorry for the newb post. But I have only one question for this one question, so I hope you can bear with me for this one lone question.

Say a person doesn't know anything about sports. But he is good at searching for arbitrage opportunities. Can he sustainabily have an EV+ of more than $100/hour over five hundred hours in a year?

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so who do you owe $50,000???


Seriously, Your BR would have to be huge and mixed with max bets not high, etc., I would say no

[Performify]

would depend highly on the available bankroll, for one.

with your caveat of $100/hour over five hundred hours in a year - hard to say. The larger the bankroll the easier $100/hour is going to be to accomplish, up to a point.


If you change your question to $50,000 in arbitrage in a year, i.e. not the time limit of five hours a day, most definitely. Again, bankroll is going to be a factor, but I'd imagine just spending 40 hours a week doing arbs (and crunching bonuses) on an appropriately sized bankroll you'd be able to net +$50k in a year pretty easily. 100k roll I'd go 90% certainty of making $50k in a year just with arbs and bonuses. And probably a 95% certainty of going insane or blind from doing this all day....

[Thremp]

You need to do ~4k a month in 10 hours a week... Sounds really really hard.

[fun160]

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But I have only one question for this one question, so I hope you can bear with me for this one lone question.

[/ QUOTE ]

Well, OK, but just this one question.

[img]/images/graemlins/grin.gif[/img]

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Say a person doesn't know anything about sports.

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I'm not convinced a knowledge of sports is necessary for sports arbitrage. Any good stock or futures trader can learn sports arbitrage, even if he's a complete cripple when it comes to sports.

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But he is good at searching for arbitrage opportunities. Can he sustainabily have an EV+ of more than $100/hour over five hundred hours in a year?

[/ QUOTE ]

I would hope that in addition to being good at searching for arb opportunities, your theoretical trader would also realize that the lack of a stated bankroll makes this question impossible to answer.

[Performify]

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You need to do ~4k a month in 10 hours a week... Sounds really really hard.

[/ QUOTE ]


1k a week with 10 hours to do it.

would be tough.

With zero knowledge of sports that takes out predictive line movements, which definitely makes it harder.

I still say theres a high probabily someone with a sufficient bankroll can do 50k in a year pretty easily including bonuses with almost zero risk from arbitrage, but that's just a hunch.

[Utah]

If you are curious how many arbs there are please see the link below, which captures arbs for about a week's time for a couple of major sports for 3 sites.

Notes:
1) This includes straight arbs but does not include middles or just soft lines.
2) It tracks arbs for moneyline, total points, and point spread
3) It tracks records by minute. So, if the line shows only once then it was available for less than a minute. If it shows 10 times it was available for 10 minutes.

http://img153.imageshack.us/img153/9853/arbsbg9.jpg

[aflaba]

I have about a $180k bankroll if I withdraw from all sources.

Thank you for your very informative responses.

What are the limiting factors for how much an arbitrager can make?`
Is it "oppurtunities x volume"?
Is volume restricted by "how much you can bet before you dissolve the arbitrage" or by "your number of accounts"?
Are there any legal obsticles to having multiple accounts?

(sorry for asking more than one question [img]/images/graemlins/wink.gif[/img])

[Thremp]

Yes
Yes
Yes
Yes

[ImBen]

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What are the limiting factors for how much an arbitrager can make?`

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Yes

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