Sorry - this is not an investment - it's gambling and the type of thing that led to the downfall of Hansie Cronje.
It leads to the sport being manipulated and definitely not to be condoned.
Sorry - this is not an investment - it's gambling and the type of thing that led to the downfall of Hansie Cronje.
It leads to the sport being manipulated and definitely not to be condoned.
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To get to the part of arbitrage is like mentioned but my bets is just for 2 different teams to win at 2 different sports bookies. South Africans have lots of opportunities with hundreds of different sportsbooks. A whole lot can be done with an online payment processer. Most of my bets is in NBA, MLB that just started, NFL and Ice Hockey for which I have build up a pretty good record on straight bets that pass my RPI "risk profile indicator". I have made a few people millionaires on sports betting and it is all legal to bet on sports. By building a good record over years and being subscribed to a lot of handicapping services it becomes easier to outperform.
chrismine - sports betting can be a part of portfolio and be a very good investment if you know the risk involve. Although no form of betting is entirely risk free, it may be said that arbitrage betting is the safest form (in terms of risking capital) of betting available. Investments in this area have a limited scale and cannot handle the millions or billions that pour into the other investment markets like stocks, bonds and commodities. But investors with a million can see very good annual returns.
"If the truth be known many who play the stockmarket are the biggest gamblers around."
They are never labled gamblers, their vehicle is just shares in companies.
If the only outcome on a arbitrage bet, is only a profit, no matter who won between two teams, how is that gambling?
Bankroll Management is "key" and that is where beginners and some known players make the biggest mistakes.
I offer a monthly subscription for you to do your own betting or the opportunity to partner with me and receive a good return on my own personal involvement.
adrianh - I will say that maybe in some degree not that much but still arbitrage betting is known as "riskless profit". I would never be sure on the outcome of the stocks without inside information but I will be definitly sure on my profit doing a arbitrage bet before the game starts.
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