Sports Betting as alternative investment

[Dave A]

Larger amounts of money being placed very quickly on a particular event will shorten the odds...

That's pretty much why I asked.

Clearly you have a good handle on some of the sports in play and can identify some rewarding spread bets too. Just idly wondered how much of that knowledge you might be applying in the arbitrage strategy.

Got another question if you don't mind -

Typically, how far out from closing do you find the best arbitrage splits?

[Pat@KANDA1]

Welcome lifemiraclesa, I am looking to subscribe or cooperate with someone with whom we can identify sports arbitrage opportunities using local sports bookies. Lets use watsapp 0848312069

[lifemiraclesa]

Hi guys, been through some rough times in the arbitrage world, got limited, funds restricted and lot of mess but back for about 5 months now providing a football tipping service at R1,500 for 30 days, if this should interest you please send me a message and I can email you the details and results etc. All running under the name EGOLISA.

[lifemiraclesa]

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[soso18]

Hi guys, been through some rough times in the arbitrage world, got limited, funds restricted and lot of mess but back for about 5 months now providing a football tipping service at R1,500 for 30 days, if this should interest you please send me a message and I can email you the details and results etc. All running under the name EGOLISA.

plz send the details, i am interested.

[Rafael]

I prefer shares and portfolios, as I can monitor them and I know that there is a minimal chance of me losing money.

I don't know much about betting as I'm not a gambling person so I have a question, how can you make money betting on the one team to win and also betting on the opposition? Would it not be like playing roulette and putting a R100 on black and R100 on red.

[lifemiraclesa]

Rafael - Appreciate your question. This is more surebets than gambling. I would not bet on opposite team with the same bookmaker. With this arbitrage technique it is possible to use the differences in the odds provided by bookmakers on selected events to make yourself a guaranteed profit.

Real Life Example
London 2012 Olympics: Men's over 80kg Taekwondo
Chukwumerije odds 2.10 (Bwin) $492.75 bet placement - returns $1034.78
Despaigne odds 2.04 (Pinnacle) $507.25 bet placement - returns $1034.79

Total arb / surebet profit: 3.478%

A correctly staked investment of $1000 guarantees a return of $1034.78 no matter the outcome on who wins the match. A 3.478% profit on your investment in less than 24 hours. There is hundreds of such opportunities every month.

[HR Solutions]

This is one of the reason that I have lost all interest in cricket ! Because the outcome is decided beforehand !!

[lifemiraclesa]

HR - Can't say or do not know if it's true or not, I am just concentrating on odds because of different opinions and who ever win doesn't really matter, that is money in the bank. I suppose it does exist. :-)

[Dave A]

Bearing in mind the o.p. question -

Given the speed with which an abitrage gap could close, I think the "subscribe to my tips" offer isn't going to work. Sounds like most times you have to jump really fast when the opportunity is found.

Managing funds on behalf of clients does sound a lot more viable, but of course that means you'll probably be more noticeable with bigger bets, which could squeeze the margins...