No need to wait for the final whistle.
There is zero chance that arbitrageurs will lose money from the particular game. Here is why:
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Let me tell you my short story about when I finally decided to quit arbitrage betting.
Don’t dig into arbitrage betting before reading of the disadvantages
As I was getting really tired the past few weeks, surfing around looking for sure bets as they are commonly known, I had found a really generous one at a golf event. What a relief! My bets were both accepted and I just had to wait for the game’s result before I got paid. Thus, I think new arbitrageurs can be profitable even today.
By the time arbitrageurs have placed their bets, their profit is guaranteed.
By advantage gambling and investing with real money online, I put my money where my mouth is. Some still make a lot of money. What’s that at Betfair? A third possible outcome you say?
As quickly as possible, I had my Excel spreadsheet calculate the stakes and I submitted my bets concurrently at the two betting operators. Moving money around does not only mean extra commissions with banks, but may also arise suspicions.
And last but not least, you can still lose big chunks of money if you don’t pay close attention when placing your arbitrage bets.
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I myself haven’t spent more than a month taking advantage of fluctuating odds and prices when trying out arbitrage. I could let the specific bets as is and make a profit, unless the games ends a draw. Noticed the word “almost”? That is because you still stand to lose some money. I also write about my success or failure and run a small business.
Two golfers were competing at a golf course, when I noticed the divergence of the betting odds between Betfair and another online bookmaker. Yes, so quick that I had to write it twice for emphasis!
While there are services, which let you know when there is an arbitrage opportunity, they come at a cost. And I have heard that by the time you get to hear of that, it’s already too late.
Many bookmakers do not welcome bettors, who follow an arbitrage betting pattern. You can’t expect the results to even out among the bookmakers. That was almost 10 years ago! So, yes, I am far from the arbitrage expert you were expecting to be talking here. Arbitrage trading is likewise an almost risk-free way of trading any kind of financial instrument. That was my first (and last) bet on a golf game.
I spent the following 5 minutes deciding how to react. Because that is when I was going to lose a hefty amount of my total bankroll! As I am not used to gamble with my money (I know, it sounds peculiar, but by the time gambling becomes an investing, you stop gambling with your money), I reluctantly gave away some of my future profits to cover the losses of a likely draw.
Arbitrage betting is an almost risk-free way of betting on sports. And that is not the worst thing it can happen in arbitrage.
The reason I am talking today about arbitrage, is an email I received from a visitor of my gambling blog. And no, the game did not end a draw but it still was a great lesson for me. A lesson that made me withdraw all of my funds from all the bookmakers, except Betfair. Worst case scenario? To confiscate your money. Keep your capital safe for when you are more experienced.
Of course, my bets now resulted to a loss, no matter the final outcome of the golf game. Much like arbitrage bettors are looking at sports events, arbitrage traders do the same when trading stocks, forex, bonds, commodities, derivatives and other financial instruments, looking at the markets worldwide.
People usually focus on the bright side of any investment, like in arbitrage betting or trading. Because I was going to get paid for sure, I had just bet on both golfers.
But let’s just start from the advantages of arbitrage betting.
If you are going to give arbitrage a shot after all, be very careful and begin betting or trading small. These accounts also need sufficient funding. Usually the ROI of a sure bet is about 1 to 2%, although you may stand lucky occasionally and find a 4 or 5% gold mine!
You must be quick to find arbitrage bets.
You must be super quick to find arbitrage bets. Yes, that’s happened before.
An arbitrageur has to open accounts with several betting or trading companies. And two months later I began sports trading, leaving my arbitrage betting days behind.
These advantages apply as well to arbitrage trading. This funding will probably max out your credit card(s).
Constant money moving. At one point, an account of yours will be full of money, while the rest will be depleted. Their sole worry is just how much money they can make but they neglect the fact that they can also lose money, even in this advertised as risk-free investment.
In my case the guaranteed profit was even better than that!. Yet, my little experience has taught be enough to recommend anyone against arbitrage betting or trading. That is because they have bet on every possible outcome of the game.
Given the infinite number of sports events around the globe, new opportunities for arbitrage betting will constantly arise, especially as more and more people are introduced to betting or gambling in general.
And that is when the emotion of relief converts into panic in a matter of nanoseconds!
Oh, wait. Lessons can come cheap. They are considering a career in arbitrage trading in particular.
People have made a lot of money in arbitrage. As a result, they may limit the stakes they are accepting from you or even forbid you to continue betting with them
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Posted by admin on September 6th, 2016 :: Filed under sports arbitrage
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