Found a huge exploit in a sportsbook (advice?)

[BlackhatPhilo]

Basically odds on a certain sports book are so messed up I can run multiple arbitrage betting cycles to rinse them out of several thousand to low tens of thousands of $$$$ a day.

I've tried with a little money at first and nothing was detected. Thinking of increasing amounts now to several hundred per arb then thousands.

I think the problem is with their software provider.

Wondering what people would advice. Should I keep trying my luck?

This is almost certainly a mistake on their behalf.

 

[Yernotserious]

The smart thing would be to not talk about it *at all*.

Best Regards

 

[cyrusv]

Withdraw, and repeat.

 

[MisterF]

This works fine until they PALP the bets and you're out of pocket.

 

[anilpendu]

daily withdraw until patch

 

[MisterF]

Depends on who the bookies is, where they're based.
Are you dutching the bets, or backing/laying ?

 

[BlackhatPhilo]

Depends on who the bookies is, where they're based.
Are you dutching the bets, or backing/laying ?

Dutching. Mostly Handicaps

It's a very soft bookie, not registered in UK all I can say.

 

[bartosimpsonio]

I'm not sure about this one. On one hand if you got a legitimate strategy for advantage in a game, you can use that strategy to win it, because the game host themselves are winning based on their strategy so it'd be fair game.

On the other hand some legislation could consider this fraud if you knowingly do something outside the game itself.

I honestly don't know about the legality of it, though taking money from betting houses seems legit since it's what they do too when you lose.

 

[MisterF]

Dutching. Mostly Handicaps

It's a very soft bookie, not registered in UK all I can say.

They're not an Odds Matrix facing bookies by the sounds of it.

 

[strategynenergy]

Withdraw daily and exploit it as much as possible. It's legal since they are the ones setting the odds, it's not like you are hacking them or anything. I would advise not to making absurd amounts since they will definitely catch it sooner if you do it. Be smart about it and make your money.

 

[MisterF]

Withdraw daily and exploit it as much as possible. It's legal since they are the ones setting the odds, it's not like you are hacking them or anything. I would advise not to making absurd amounts since they will definitely catch it sooner if you do it. Be smart about it and make your money.

Are you sure it's legal ?
It's fine till they palp the bets.

 

[FreakenSEOsmh]

just ask for this thread removal and get rich homie.. get your capital back and go all in with your profits

 

[abraguda]

Well aribtraging is very common these days, so just milk it till you can and enjoy your life. Also, is it related to only one bookie? Because you could pretend to be a casual bettor, bet on some other matches some degenerate sums, lose some and then win on your arbitraging. This way it would take longer to detect you.

I wouldn't bet all-in every time though, as they will patch it one day and you might lose everything.

 

[St0necold]

They will limit you sooner or later.

 

[strategynenergy]

Are you sure it's legal ?
It's fine till they palp the bets.

I am not a lawyer and I am not 100% sure but they are the ones setting the odds so if all you are doing is betting then it's legal.

 

[Deleted member 719276]

Shhhhhhh

 

[thaqu]

Basically odds on a certain sports book are so messed up I can run multiple arbitrage betting cycles to rinse them out of several thousand to low tens of thousands of $$$$ a day.

I've tried with a little money at first and nothing was detected. Thinking of increasing amounts now to several hundred per arb then thousands.

I think the problem is with their software provider.

Wondering what people would advice. Should I keep trying my luck?

This is almost certainly a mistake on their behalf.

I'd be careful with doing big bets. If the odds are set wrong to a degree where it is obvious that it was a mistake they can legally void the bet after the fact. As a result your "arb" turns into a regular bet and you're left praying that whatever you backed on the site you use to hedge wins. You might not have had such problems yet but it seems reasonable that large bets will receive larger scrutiny from the bookie and thus increase chance of getting voided.

 

[Universe0]

You can try it with bigger transactions but i wont be long till the limit you and patch the exploit.

 

[MisterF]

I am not a lawyer and I am not 100% sure but they are the ones setting the odds so if all you are doing is betting then it's legal.

Did you bother going onto Google and searching ' bookies palpable error ' or are you just speculating ?

20 Years back you could get away with these types of bets, but not now.
Read the small print T&Cs.

"If we find that is the case, we reserve the right to correct any error made on a bet and re-settle at the correct price. These are terms that are signed up to by a customer when they open their account."

 

[Javardo69]

it only works if you can withdraw from the bookie. If not its just dead money.