Anyone else here do arbitrage betting?

[1MiserableGuy]

Shortest way to describe it is as a way to take advantage of odds descrepancies in such a way that ensures profit regardless of outcome. You don't even have to be into sports really, you just have to be excellent at statistics and money math, be technologically proficient, know just enough about sports to know what exactly it is you're betting on, and be quick on the draw on rapidly disappearing opportunities. It's a kind of robin hood gig, where you make money by stealing from multimillionaires who make their living by making people addicted to gambling.

Like every investment, it does have its risks though. Sportsbooks are well aware of this strategy and ban people they catch doing it. Lines also change fast and you could wind up with bets that end up with loss if you aren't paying very close attention to where you're placing how much money. And it is not passive income as a result. Nor is it a get rich quick scheme, as you have to have quite a bit of start up capital for it to snowball into real dividends.

I'm not one of the big league bettors who do it so much it acts as supplemental income, but it's a nice little extra pile of cash where my job pays my bills and that hobby pays for my interests. Would recommend to people who like exploiting weaknesses in systems for their own personal gain.

 

[Forever Sleep]

I did matched betting for a while using OddsMonkey. It was most profitable at the start with all the new joining offers.

 

[1MiserableGuy]

I did matched betting for a while using OddsMonkey. It was most profitable at the start with all the new joining offers.

Yeah new joining stuff is basically free money. Arbing also is, you just have extra legwork, and the books don't consent to it

 

[persimmon]

I used to earn a second income through betting, making a few thousand bets a year. I dabbled in arbitrage here and there. Whatever your strategy, if you start making decent money the bookies will restrict you then if you continue to do well terminate your account. After that, you can still gamble on Betfair but if you do well on there you have the premium charge which is another pain in the balls. Arbitrage and matched betting are definitely good for making a few quid though. I'd be careful to keep track of everything in a spreadsheet and never leave your money anywhere for too long.

 

[NumbItAll]

Arbitrage betting is too much of a grind for me, but I've made a lot of money from taking advantage of sportsbook/casino promos. They went crazy giving money away when it was legalized here. I also make money betting on U.S. politics, just betting on obvious outcomes since people are insane and will drive the markets way out of whack sometimes. I was also quite proficient at daily fantasy sports (hockey and baseball) around 2015 but stopped when I lost my edge.