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Joe · 06-11-2001, 08:27

There are quite a few opportunities, but most are with unfamiliar bookies who may only payout via cheque, which means you have a cash flow problem unless you have a substantial bank, since the profits per bet are so low.

Then there are the risks of bookies changing odds as you place the bets (it has happened to me, although not for arbitrage), or odds being voided because the bookie made a mistake, and then you are left sweating on the other 2 outcomes.

My advice is leave it. Too risky.

06-11-2001, 08:27	#2 (permalink)
Joe God Punter Join Date: 26 Oct 2004 Posts: 3,725	Re: Arbitrage There are quite a few opportunities, but most are with unfamiliar bookies who may only payout via cheque, which means you have a cash flow problem unless you have a substantial bank, since the profits per bet are so low. Then there are the risks of bookies changing odds as you place the bets (it has happened to me, although not for arbitrage), or odds being voided because the bookie made a mistake, and then you are left sweating on the other 2 outcomes. My advice is leave it. Too risky.