Sports Betting as alternative investment

[Dave A]

I'm more curious as to how these three panned out.

MLB - Atlanta vs Pittsburgh under 7.5 -120
Seattle vs Texas under 9.5 +100
New York pointspread -7 -110.

[lifemiraclesa]

Hi Dave A yes sure, had all 3 as winners yesterday. Sorry for not updating that yet.

[lifemiraclesa]

For tonight 04/21 I will share one non arbitrage bet for informational purposes:

MLB - Los Angeles Angels on ML (Moneyline)

[lifemiraclesa]

Los Angeles Angels - Won

[lifemiraclesa]

04/24

Hi everyone, I hope you are all well, today I just want to give you a glimpse to 3 arbitrage bets placed and the profit generated.

Tennis matches:
I. Dodig vs N. Almagro
Pinnacle (19.500), Paddy Powder (1.060) - 0.54%

A. Beck vs P. Kvitova
Pinnacle (8.260), Paddy Powder (1.140) - 0.17%

B. Paire vs P. Andujar
Pinnacle (3.270), Paddy Powder (1.830) - 17.34%

Have a great day
God Bless

[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]

B. Paire vs P. Andujar
Pinnacle (3.270), Paddy Powder (1.830) - 17.34%

You must have felt like you'd hit the mother load when you found that one.

I actually get it now - the arbitrage game is all about doing the research and picking the ones where the nett gain is guaranteed.

Got a question though (particularly given the margin on that one I quoted above) - were those odds both up on offer at exactly the same time?

[lifemiraclesa]

Hi Dave, have to say it happens often and yes it takes work to get these betting opportunities. The odds were up on the same time but need to stress that the window of opportunity only last for a few minutes, at times as little as 4 min. Larger amounts of money being placed very quickly on a particular event will shorten the odds so it is important to act quickly.

[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?

[pmbguy]

I think it is possible to create an algorithm for a specific comp and generally. As long as bright eyes.
I am a super rugga fanatic myself. And I have won many a gentleman’s handshake. I love the game. Too much of a pu::y to put risk down for that though.

“ red socks” F@@ck


Now random

When I was a younger lad, my floor manager went to the UK for a plan. He was well to do, no dirty shirt. But in Dept. He slept on site for 14 months, came back and sorted big time!

[lifemiraclesa]

Hi Dave, been coming with time as far as knowledge goes, use all I got for sure. Fast-paced all the time and dedication. I do keep close eye on changes on odds and have my own alerts in place when it happens, so as opinions on different bookmakers change it creates these opportunities. So there is not really a specific time when it's the best split, it comes as it comes per say. I do take fast on it so not sure when a game would close out. Basically to act before such things should happen. If that makes sense.

[lifemiraclesa]

pmbguy - red sox shocked me as well.

[Mike C]

So do you just "invest" for yourself, or do you "invest" for others as well? And if you do "invest" for others, how do your rates work?

I think that it is quite a clever concept.

[lifemiraclesa]

Mike C - I do invest for clients. On capital of less than R5k (minimum R1k)the profit split is 60/40 and for more than R5k the split is 70/30. Higher portion to client. I do however mostly motivate to invest R10k and more as it's more worth it and can state most clients are far above the R10k mark, being with me for some time. I provide mandate as well for good reason to assure good business practice.