Arbitrage, Sports betting.

#1
I have been doing a bit of research on arbitrage betting and some points that stand out are..

1: Withdrawal costs eating into the earnings.
2: Finding the particular arbitrage betting opportunities.
3: Moving money in and out of the betting accounts, costs etc.

The solutions to this issues is what I am trying to find. For the costs I see that betting accounts that use paypal as a deposit/withdrawal service do not charge anything. Not really sure about this.

Finding arbitrage opportunities is as simple as visiting sites that provide this tips. Finally moving money is not that difficult unless you are lazy. Finally, with consistency you can create a very rich source of income from this strategy and make more money.

The major challenge I see is that you cannot successfully arbitrage with Kenyan betting sites.

Lets discuss this further......
 
#6
Some Something like that..but calculations come into play especially where odds are way apart.
Example: You pick under 4.5 @ 2.25 on elitebet and pick over 4.5 @ 2.35 on betin kenya. Assuming you place 100 you give 51.09 to @2.25 and 48.91 to @2.35 that way you earn 114ksh despite the outcome.

Shida sasa ni withdrawal na deposit fees.
 

Dunya

Village Elder
#7
The last sentence in your post closes the discussion. You simply cannot do arbitrage with kenyan sites. All their odd are almost similar because they dont evwn set the themselves. They copy what the odds are in the international sites. Also like you said the costs of moving money will eat you out. Plus unless you are registered in multiple sites and all have money then its an impossible task.
Sports betting is useless. Should only be done for fun once in a while
 
#9
dont withdraw till when it reaches a certain good amount si uendelee kupile the winnings withdrawal ufanye once
The thing is you will lose one bet and win the other. So you always have to replenish the account that has lost. That is where the issue is. But if you use paypal hakuna shida ya fees.
The last sentence in your post closes the discussion. You simply cannot do arbitrage with kenyan sites. All their odd are almost similar because they dont evwn set the themselves. They copy what the odds are in the international sites. Also like you said the costs of moving money will eat you out. Plus unless you are registered in multiple sites and all have money then its an impossible task.
Sports betting is useless. Should only be done for fun once in a while
I am exploring arbitrage on oversees brokers. Kuna mingi and you can even see the many arbitrage bets available.
 

James Mwangu

Senior Villager
#10
The thing is you will lose one bet and win the other. So you always have to replenish the account that has lost. That is where the issue is. But if you use paypal hakuna shida ya fees.

I am exploring arbitrage on oversees brokers. Kuna mingi and you can even see the many arbitrage bets available.
Hi, where did you reach with your research? Ive been doing research of my own and im thinking of trying arbitrage betting. Have you used rebel betting software or do you know someone thats already using it?
 

Samuel N

Senior Villager
#13
Arbitrage trading is good but, it's quite risky, one can lose a lot of money. Take for example, you get an arb opportunity and do the math right and you start placing your money with the different bookies then just before you place on one of the bookies, the odds change on the particular event. That will end up making you a normal gambler on that particular trade which may harm you financially because arb trading requires considerably big bank roll.

In my opinion to make money in sports, you may want to have a look at "Sports Trading", trading in the betting exchanges such as betfair. Backing and Laying events in a market, it's not easy but once you grasp the concept, you can live on it. It's not a get rich quick concept, just have a look at it.
 

Samuel N

Senior Villager
#16
Hi samuel that is what our lesson entails not only football but other sports like tennis
I really look forward to them. I have been doing some research on the same and I think practical lessons will go along way in assisting my progress on it.

I want to be a trader, first a sports trader, then progress to the financial markets, I have also been researching on this for quite sometime now. If you can point me to someone who can give a practical on this I would be most grateful.
 

James Mwangu

Senior Villager
#18
I really look forward to them. I have been doing some research on the same and I think practical lessons will go along way in assisting my progress on it.

I want to be a trader, first a sports trader, then progress to the financial markets, I have also been researching on this for quite sometime now. If you can point me to someone who can give a practical on this I would be most grateful.
Hi Samuel, how far did you go on trading on betfair? did you ever start? if so, did you get an edge?
 

Samuel N

Senior Villager
#19
Hi Samuel, how far did you go on trading on betfair? did you ever start? if so, did you get an edge?

Hey James,

I have not started, I got tied with too many projects. I am programmer by profession, one becomes tied by projects without notice. Once I am through, I'll be on it.
But my good friend Davide Mbugua, also on this thread up there is a trader in this, talk to him he has all the answers, he offers tutorials on it too at a fee.

Regards,
Samuel N.
 

James Mwangu

Senior Villager
#20
Hey James,

I have not started, I got tied with too many projects. I am programmer by profession, one becomes tied by projects without notice. Once I am through, I'll be on it.
But my good friend Davide Mbugua, also on this thread up there is a trader in this, talk to him he has all the answers, he offers tutorials on it too at a fee.

Regards,
Samuel N.
Thanks man. Will talk to him.
 
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