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.
Do you know what arbitrage is…if you have any info about this unweza contribute.
Arbitrage ni pale you always win in a bet despite the outcome of the match.
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.
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
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?
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?
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.
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.