1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Arbet Sports Bet vs Sports Trading?

Discussion in 'BlackHat Lounge' started by oweaponx, Aug 21, 2015.

  1. oweaponx

    oweaponx Newbie

    Joined:
    Mar 27, 2012
    Messages:
    19
    Likes Received:
    1
    Occupation:
    college student
    Hi, BHW. A little while back, I came across the concept of Arbbing [arb bets]. The basics are one places a bet for one outcome at one bookie, and places a bet for the other side at a different bookie. You look for the best odds, so that no matter who wins, you still make a profit. I also read about all the precautions to take, so that you don't get flagged too easily as an arbber, as most bookies--except for Pinnacle, apparently--don't like arbbing. The alt to having a number of bookie accounts, along with ways to fund--most suggest skrill and netell--is using exchanges, such as betfair and betdaq. I then came across "bet trading," with sites and forums discussing BetAngel. There's also arb notification sites, with one of the more talked about sites being Rebel Betting, with claims of arbs up to 10%. Sometimes more. So, have there been any successful arbers on BHW? Is it worth the investment? Is dealing directly with bookies better, or using an exchange, or sports trading?
     
  2. Rastis

    Rastis Newbie

    Joined:
    Aug 28, 2014
    Messages:
    29
    Likes Received:
    3
    You'll need a LOT of capital for Arbing. It will be a strange week when your arbs don't require you to use 14 different bookmakers. Of course they process your deposit straight away, but many take 3, 4 or even 5 days to return your winnings through normal banking channels. That means if you havent got mega capital, you are restricted to just a few arbs a week, which doesn't give you the correct reward ratio for the effort put in finding arbs.

    Furthemore, you need to be happy dealing with utterly random bookmakers from countries that don't have the same player protection as much of western europe.

    And yes I wouls recommend using an exchange for one half of you arb (normally the part with te biggest odds as this is where the most value is), but remember to factor in commission