Hi! This blog is slowly being deconstructed and moved across to the new forum and the main site. We haven’t gotten everything off of it yet, so you may occasionally find yourself here. Sorry for that, but we will eventually get everything finished!
It’s been a pretty huge year for sports. With Germany’s record-breaking win at the World Cup and the Winter Olympics in Sochi, keen spectators have been placing bets left, right and centre.
There’s no doubt about it – sports betting has been on the up in recent years, with online betting taking a particularly high percentage of this. In 2003, for example, $23.9 billion was wagered online – but 10 years later, $74.3 billion was wagered worldwide. This is largely down to the advent of smartphones and tablets increasing our access to the internet, making a bet quicker and easier than ever.
With constantly updated odds, the temptation to bet with our mobiles is ever increasing – but for the first time bettors out there, how can we guarantee that we will not be throwing our money away?
Sports arbitrage betting, or ‘arbing’, as it’s colloquially known, is one sure fire way of making a profit on bets, albeit a small one. The practice involves placing a stake on two different outcomes with two different bookmakers.
It’s best to place an ‘arb’ on something with a black and white outcome – for example, the winners of an upcoming football match. While one bookmaker may favour a certain outcome, its competitor may have cause to favour the alternative.
Take for example the upcoming Manchester United versus Southampton match on 8th December. While Betsafe may be more inclined to have shorter odds on Southampton, currently at second place in the Premier League, a competitor may perhaps fancy Manchester United to walk away with three points in a bid to bolster their flailing reputation.
The savvy bettor, then, would place a bet (usually a high amount) with both bookmakers on both teams, making the most of the odds on each one. Whatever the outcome of the game, (unless it is a draw, in which case the even savvier bettor would go to a third bookmaker for odds) the player is likely to make a profit.
Of course, it’s a practice that is generally frowned upon by the bookmaker community. However, with increasingly advanced technology, the likelihood of ‘arbers’ being tracked is becoming smaller and smaller.
Arbitrage betting is by no means illegal, and if you’re looking to make a small profit, it can be a very fun and challenging way of playing the odds. Keep an eye on your favourite teams, analyse their performance and ensure you monitor all the bookmakers’ odds by using comparison websites – you could just be in for a good fortune.
ome disappointing and very important news in the arbitrage world and some good news to make up for it!
So let’s get to talking…
PINNACLE SPORTS CLOSING IN UK
Due to new laws coming in to effect in the United Kingdom, Pinnacle Sports will be closing all UK accounts and will no longer accept wages made after the 30th of September, 2014.
Pinnacle Sports has always been one of a select few sharp bookmakers who encourage arbitrage traders and who even openly welcome arbitrage action since arbing rose to online popularity.
The book’s existence and its open acceptance of arbitrage activity has always helped in introducing many newcomers to arbing while lending to the credibility of arbitrage trading as a legitimate work from home occupation with excellent money-making potential.
This is the second deep blow to Pinnacle’s business since the book voluntarily exited the US market in late 2007.
Pinnacle will continue business as usual for accounts outside of the United Kingdom and these accounts will not be affected by the decision so non US or UK residents who do not hold an account should sign up here.
Pinnacle’s announcement of the changes on their website.
Pinnacle’s closure in the UK is just one more reason more for arbers to thoroughly consider the virtues of arbing with betting exchanges…
BETTING EXCHANGE REVIEW SERIES UPCOMING ON SPORTS ARBITRAGE GUIDE
As a direct result of Pinnacle’s withdrawal from the UK market we at Sports Arbitrage will be focusing on the massive benefits to be reaped and the sensible practicality of using betting exchanges for arbitrage trading..
Betting exchanges are sites much like sportsbooks where punters, independent bookmakers and all sorts converge to make and offer bets on sporting events. They work like a kind of like eBay but for betting, and they function exactly the same to you as as any other bookmaker site while arbing.
Betting exchanges do not limit your stakes or winnings in the conventional way that sportsbooks do, so you never have any fear factor of dealing with the inevitability of limitation.
We will be posting detailed reviews and recommendations on as many betting exchanges from as many locales as we can. IMPORTANT STUFF YOU NEED to stay sharply profitable, so do do not miss out and pay close attention to the next few emails from us. We’re already in talks with some exchange sites as well to offer some exclusive deals you will only find through notice from SAG.
So tell your arber friends, newcomers and those who might even be remotely interested in a work from home opportunity that does not involve dealing with customers and allows total and absolute freedom of lifestyle to check out our new site at Sports Arbitrage Guide to read our detailed information on how to bet for guaranteed to profit and to sign up for our newsletter to stay in touch.
Testing the waters of online casinos with free money…
If you want to test the waters of certain online casinos but do not want to risk your actual money, you can start with a free, no deposit test run. Many online casinos will allow you to gamble – and win – with casino money.
This solution is perfect for first time users who want to get an idea of how online casinos work. Many casinos will allow you to play right away, with no deposit needed in order to withdraw any winnings.
One important rule to remember is…
Do you mean a bot-like software that will place arbs automatically for you?
Well, then no… And yes!
I’ll start of this answer by explaining that I really don’t think such software exists…
Past that, and having a background in software engineering I can definitely say that the technical challenge of creating such a program is freaking huge.
As in, for now at least (and as far as I can predict the future) it is nearly impossibly hard to do this.
With unlimited resources, of course anything is possible but there’s very little return potential to be seen for a company who would write this software. It would not only be exceptionally expensive to create, they simply wouldn’t be allowed to sell software that places bets for you. It would be illegal to do so. Which is why alert services don’t already have options to place bets.
The Good News
On the side of good news though, the huge collection of arbitrage alert service software that is out there won’t place bets for you… but they DO get pretty damn close!
They comb odds of bookmakers, they find arbs automatically with varying degrees of returns (thousands at a time) according to set parameters that select, and when you click on any arb you’d like to investigate and place, they will even take you *directly* to the bookmaker website where you can place your bets.
On the thought of creating a even a rudimentary bot program that would automatically comb through odds, locate arbs for you and place bets on your behalf… Frankly, I wholeheartedly dread the idea of everything that could go wrong – and I would tell you to be immediately and extraordinarily skeptical of anyone who told me a solution to all the situations that you have to handle manually while arbing could be overcome by any computer program. That’s why the guide exists. Arbitrage trading needs to be done by a human.
As a tool of the trade, alert services they are the absolute best that modern technology can offer, and boy are they modern. I am often cold and cynical as all hell about what software can do any how it works and even I’m impressed by them. We’re talking state of the art web analysis technology wrapped up for almost any alert service, across the board, at minimal cost and often high returns potential to you.
It is so often however that even alert services sometimes report odds incorrectly, it’s hard for them not to really… Ddds can change a lot, and super fast some times. Sometimes the alert service is pulling odds at regular intervals of time from a bookmaker, other times changes in odds are pushed to the alert service software by the bookmakers.
They function as a bot already in this regard, really… There’s complicated machinery under the sheets there, though.
Which is why you should always check – and then double check – all your calculations before you place any arbs. Computers aren’t anywhere near close to infallible enough to trust to become arbitrage traders yet.
If you’d like to have an in depth technical discussion with me about this, I’m happy to talk about it in as much detail as you’d like to. Just email me with a questions any time and I’ll cover any technical details of how a program like this might work, but ultimately can’t realistically work.
After several months of complaints due to unpaid withdrawal requests attributed to a an IT glitch, it appears that CanBet has finally closed its doors recently with the site being completely dead and unresponsive over at least the past week.
Canbet seemingly turned dodgy after several years of lukewarm impressive service back in November of 2013.
As such, in the future, we here at SAG are going to endeavour to more closely monitor the quality of sites like this where they fall in to decline so we can let you know as soon as possible. To do this, we need your feedback – for better or worse – constantly.
We are working to establish a system and will be following up with more information regarding this over time.
As veterans will know, Canbet is not the first bookmaker for which this has happened. We encourage you to leave us feedback here and also in the comments on surebetbookies.com
You can read more information about the closure of Canbet here:
Question: What is the easiest way to make a quick £100 profit while arbing with only a small bankroll?
Well, Matched Betting is a term I have only just come across, but it seems to be a common one which I simply hadn’t encountered. I used to call it Bonus Arbitrage, or simply Bonus Hunting, but it seems that everyone who didn’t know Arbitrage trading existed simply called it matched betting – and it the easiest way to make some easy bonus cash while arbing.
The concept is simple – claim a freebet or bonus from a bookmaker and then instead of ‘risking’ that freebet, you ‘match’ your bet with a corresponding bet at another bookmaker. By using the right technique you can guarantee that you will keep around 90% of the original freebet (stake not returned*) or even as much as 100% of a bonus (stake returned*). Most freebets range between £25-£50, while some bonuses get as large as having several hundred pounds on offer. Free money to those in a position to take advantage of it.
Before I explain the best way to claim this bonus money, lets quickly explain what ‘Stake Returned’ and ‘Stake Not Returned’ mean. Nearly all bonus offers available come in one of these two forms:
Stake Returned (SR) offers are usually added to your bankroll and treated like normal real money in your account. When you place a bet, there is no differentiation made between the bonus money and your real money. So when you place a bet and it wins, your winnings include the initial stake (£50 on odds of 2.00 gives you £100 back).
In order to stop people taking advantage of these offers, bookmakers place turnover requirements on these bonuses. If the specified volume of betting turnover isn’t reached before you try to withdraw, then the bookmaker will take their bonus money back.
Stake Not Returned (SNR) offers are usually kept separate from your normal betting account, and are identified as ‘Free Bets’ or ‘Bonus Money’. They need to be treated separately to your normal funds because when you place a bet using your freebet funds, if it wins the stake isn’t returned (£50 Freebet (SNR) on odds of 2.00 gives you £50 back if it wins).
Most bookmakers include turnover requirements before you can withdraw any winnings from your freebets, however, if your freebet loses there is no turnover requirement on your normal funds.
1. Read the Conditions
Before you can arb out either type of bonus you need to take the time to read the terms and conditions of the bonus. Don’t skim it – read it. Read it twice. These are the rules which you *must* play by when taking this money – it is a small task when you consider how easily you are going to be making money from doing this.
Once you have thoroughly read the conditions then you will know what turnover is required before you can withdraw, you will know what the turnover is based on (usually the lesser of the winnings or the stake – sometimes based on the stake, but only if the odds bet on are great than 1.50, or 2.00 etc), and any other conditions to be met. And finally you are at the stage where you can deposit money and claim the bonus (where possible – some bonus are based on your first bet).
2. Stake Returned Offers
When working with SR bonuses there is really nothing special outside of general arbitrage trading that you need to be aware of. Place normal arbitrage trades with this bookmaker. If you are lucky, the side with the bonus money will always lose and you will empty your account at that bookmaker. The turnover requirement is no longer a concern because you don’t need to withdraw.
If you aren’t so lucky, you will win some and lose some at the bookmaker with the bonus – this isn’t a problem at all, it just means you will have to keep arbing until you have met the turnover requirement – hopefully you won’t want to withdraw before that point.
Depending on how the conditions are set, it is usually a good idea to stick to arbs with odds around evens for when rolling over your turnover requirement. This is because most bookmakers only count the lesser of the two sums – the stake or the winnings – anda t even odds, they are the same amount. Meanwhile if you back odds of, say, 9.00, then your stake may be only $100 but will win $800, and if it does win, then you end up with $800 of your bankroll trapped in this bookmaker which you are unable to withdraw from (without forfeiting some profit anyway), and the bet will have only added another $100 to your overall turnover requirement.
3. Stake Not Returned Offers
Working with SNR offers is very different to working with SR offers because you first have to make your potential profit a real profit. To do this, we want to place our Freebet (our SNR money) on the highest odds we can find in a two way situation (draw no bet, over/under, back/lay etc), and then we cover the other outcome at a different bookmaker.
The reason for using the longest odds we can find is twofold. Firstly, we want it to lose. If the freebet loses, then we have no turnover requirements (and the other side covers the loss and maintains the freebet profit). Secondly, the longer the odds the greater the percentage of the freebet we get to keep. This remains true regardless of whether the odds we are using create an arbitrage situation or not. See the following image for examples of possible scenarios:
Note how the arbitrage situation (+ or – 1%) does have an affect on the profit, but is insignificant compared to the affect of whether your freebet is placed on long odds or short odds. So you really do need to try to get the longest odds you can get – preferably up around 10.00.
Once you place your Freebet and then lay it off at a betting exchange, or cover the other remaining outcome (following all of the standard rule mismatch concerns with normal arbitrage) you simply wait for the freebet to lose. If the freebet does win, then you will unfortunately end up with a lot more money in that account, and have a turnover requirement to meet (specified in the bookmakers terms and conditions with the freebet). At this point, what to do becomes identical to the strategy with SNR offers – you have to arb the money out like normal. Place arbs, hopefully lose the money out, but worst case scenario you simply place enough bets to meet the turnover requirements, then you will be free to withdraw.
By taking advantage of these offers, it is just so easy to get amounts like £25, £50, and even as much as £250 in some rare cases really quite easily in the course of normal arbitrage trading. The bookmakers usually aren’t put out by it, because in the ideal situation you are actually losing to them anyway. Where you do win with them (they never like this), you have done so in a way which has provided ample opportunity for them to profit – you have met their turnover requirement, and not taken advantage of them in any way. One pointer for this part though – never meet the turnover requirement exactly, and then withdraw everything. Always go a bit over the turnover. Always place a couple more bets than you strictly need to. Don’t run the risk of really pissing them off.
So go out, find freebets and bonus offers – claim them, roll them over, and then move to the next book and do the same. You can usually work 3 or 4 bonuses at once very easily, and as you find you have funds available, open a new book and start working their bonus. SureBetBookies lists bonuses on offer at sportsbooks, plus the alert services which uses that sportsbook – check it out to find sportsbooks you can arb and bonus hunt with.
I just had to post this to show the similarity between all scams out there. The process of delaying payouts, then crying foul and trying to blame someone else and suddenly closing down the operation… I’ve seen it so many times now in all of the High Yield Investment Programs (scams) out there.
Scams come in all shapes and sizes….
So I have been working on a project outside of Arbitrage Trading for almost two years now which has come together nicely. It is called rbutr, and I am writing about it here because it is going to be incredibly useful for helping warn people about scams and rip offs.
What is rbutr?
rbutr is a browser extension which tells you when the page you are looking at has been disputed elsewhere on the internet.
So, for example, my article on Arbitrage Investment Scams is a good example of a rebuttal of any arbitrage investment program being advertised on the internet. Once connected in rbutr, anyone visiting the arbitrage investment program will be alerted to the existence of my article and then able to access it.
So, for example, this is how the rbutr system records the connections. Here we have four pages offering the opportunity to invest in sports arbitrage investment funds, and they are all connected to the SAG Investment scams page. Whenever a rbutr user lands on any of those pages now, they will be told that the SAG page argues against the investment opportunity page, and they will be able to click through and read the SAG article.
This is invaluable from a consumer perspective, as it warns people about the potential scam, rip off, or even just poor value they are about to be sold on. It is also useful if you spend a lot of your time warning people about scams, or countering misinformation as you can get your content in front of the people who need it the most!
Help Us Save People From Scams and Misinformation
I know Sports Arbitrage Guide users are some of the most well informed people in the internet when it comes to spotting scams and rip offs. I would love to see each and every one of you install rbutr and use your knowledge to help save people from the manipulative and persuasive conmen out there, and submit every scam-scam warning combination you know of to rbutr.
rbutr is going to change the internet for ever, and getting a good grounding in warning people about scammers and ponzis is an important first step.
So go to http://rbutr.com right now, install and register, and get started!
RebelBetting recently announced that they have lowered their prices for longer term subscriptions.
- 6 months now cost €499 instead of €594 and is now 36% cheaper than buying single months.
- 1 year now cost €799 instead of €1068, a huge discount where you save 48% compared to a monthly subscription!
They have also replaced the once-0nly trial week with a regular one week subscription, and have completed a redesign of the website.