Arbitrage - The Punters Lounge

05-10-2001, 06:24

Hi

Has anyone had any success with arbitraging fixed-odds bookies?

I have reviewed the posts on arbitrage in the archives but I am wondering if things have change since then - there are so many firms on the web now that I would think there must be quite a large number of opportunities.

Joe · 06-11-2001, 07:27

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.

05-10-2001, 06:24	#1 (permalink)
Tanya Guest Posts: n/a	Arbitrage Hi Has anyone had any success with arbitraging fixed-odds bookies? I have reviewed the posts on arbitrage in the archives but I am wondering if things have change since then - there are so many firms on the web now that I would think there must be quite a large number of opportunities.

06-11-2001, 07:27	#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.

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