[Dirty D]

Guys, I have been a sports gambler for years and been quite successful at times. Although this is my first post, I used John to help me from getting screwed by betus about 7yrs ago and frequently read the forum.

OK, to the point... I learned about sports arbitrages a while back and it interested me (especially with a master's in engineering and statistics). It interested me to the point that I showed it to my father and he is pondering spotting me 10K to get some serious profit moving.

So far in preparation for my future arb system endevour, I have put together a spreadsheet of 50 books that frequently pop up with arb opportunities and listed information for each one like: limits, deposit methods/charges, withdrawal methods/charges, withdrawal times, SBR rating, etc. I fugure with this information in hand, you could minimize the risk of missing a line by:finding the arb, referring to the spreadsheet for vital info for each book, and finally, logging into both books in seperate windows, verify lines are still arb worthy, and placing bets simultaneously.

Does anyone know where to find good information about using the arb system. For example, I have been following betbrain and oddsexchange for some time now. I have been checking on some of the websites that the arbs pop up on. I have found that several of them are not on any of SBR's lists. I would like to know if people have information based on past experiences. The following would be some useful information...

1. Which of these common arb sportsbooks are excessively risky.
2. Which of these books will not take US customers
3. If you are using different books to arb an event, how could a book suspect you of arbing rather than simply bettting that team legitimately with their book
4. Is any of the arbhunting software worth paying for and if so, which ones have you had a positive experience with
5. Why are a good few of these books not listed with SBR while they seem to have a good customer base and a quality website and liscensed in UK
6. Would anyone disagree that the arb system can be very profitable with startup capital like 10K dedicated to it and why

Although I believe the system will work for some good money, I have also learned that other people's experiences are the best to learn from. I have googled this topic a lot but you never know if random web postings have a hidden agenda.

Please help me out with any information for the 6 questions above or anything else obvious that I may be missing. If anyone reads this that is successfully arbing, I would be very interested in have a phone converstation with you. Please pm me and lets exchange info...

Thanks to everyone at the SBR for supporting this wonderful resource.

Peace,
rmdanie

[Bone]

"6. Would anyone disagree that the arb system can be very profitable with startup capital like 10K dedicated to it and why"

Depends what you mean by "very profitable", but IMO you need alot more than 10k to make decent money. And even with a larger bankroll you aren't going to do that well unless you are playing at some real risky books.

[Dirty D]

I guess very profitable was quite vague... I am figuring on $75-$150 per day.

I fgure doing that and still only using UK lisensed books or books rated by SBR as C or better.

Please keep the opinions rolling.

Peace,
rmdanie

[Bone]

I'm not sure which UK books you are referring to but many of them won't take customers from the US.

[Justin7]

If you're trying to play scalps, you're going to have a tough time making much with just a 10k bankroll.

Start with 100k. Buy Don Best service, or another service that has live updates of line moves (or hire a programmer to write scrapers for you). Play your arb every chance you get.

Easier way: Start with 10k. Do the bonus hustle at good books. Play wise guy teasers. Chase steam. More volatility, but you won't have to spend 40 hours a week doing it to turn a profit.

[David]

If I was starting out with 10K I would deposit half of that at Pinnacle to take advantage of their $500 sign-up bonus and divide the rest among two or three recreational books that have good sign-up bonuses.

[Dirty D]

Thanks guys, I am taking this all in with an open mind. I have been dead set on taking advantage of the 2% - 8% arbs showing daily on oddsexchange and betbrain to generate some daily money. But if this forums general knowledge points otherwise, then I am glad I started this thread.

Peace,
rmdanie

[ourbet]

Originally Posted by Justin7

Play wise guy teasers.

What are these please Justin? Can you give us an example please?

[rm18]

Originally Posted by ourbet

What are these please Justin? Can you give us an example please?

Oakland +9
Washington +9
Ravens +8.5
Vikings +7.5


make 6 teasers out of these games

[hanco21]

Originally Posted by rmdanie

Guys, I have been a sports gambler for years and been quite successful at times. Although this is my first post, I used John to help me from getting screwed by betus about 7yrs ago and frequently read the forum.

OK, to the point... I learned about sports arbitrages a while back and it interested me (especially with a master's in engineering and statistics). It interested me to the point that I showed it to my father and he is pondering spotting me 10K to get some serious profit moving.

So far in preparation for my future arb system endevour, I have put together a spreadsheet of 50 books that frequently pop up with arb opportunities and listed information for each one like: limits, deposit methods/charges, withdrawal methods/charges, withdrawal times, SBR rating, etc. I fugure with this information in hand, you could minimize the risk of missing a line by:finding the arb, referring to the spreadsheet for vital info for each book, and finally, logging into both books in seperate windows, verify lines are still arb worthy, and placing bets simultaneously.

Does anyone know where to find good information about using the arb system. For example, I have been following betbrain and oddsexchange for some time now. I have been checking on some of the websites that the arbs pop up on. I have found that several of them are not on any of SBR's lists. I would like to know if people have information based on past experiences. The following would be some useful information...

1. Which of these common arb sportsbooks are excessively risky.
2. Which of these books will not take US customers
3. If you are using different books to arb an event, how could a book suspect you of arbing rather than simply bettting that team legitimately with their book
4. Is any of the arbhunting software worth paying for and if so, which ones have you had a positive experience with
5. Why are a good few of these books not listed with SBR while they seem to have a good customer base and a quality website and liscensed in UK
6. Would anyone disagree that the arb system can be very profitable with startup capital like 10K dedicated to it and why

Although I believe the system will work for some good money, I have also learned that other people's experiences are the best to learn from. I have googled this topic a lot but you never know if random web postings have a hidden agenda.

Please help me out with any information for the 6 questions above or anything else obvious that I may be missing. If anyone reads this that is successfully arbing, I would be very interested in have a phone converstation with you. Please pm me and lets exchange info...

Thanks to everyone at the SBR for supporting this wonderful resource.

Peace,
rmdanie

KC o9.5 +103 mansion
MINN u9.5 even Vip

0.74 % arb

LA Dodgers -116 Pinnacle
Colorado +120 Wagerstreet

0.79 arb

Chicago White Sox +128 Cascade
Cleveland -119 Mansion

1.83 % arb

Anyways you get the point. Good luck and take care.

[aceking]

you mean wagerstation ? its pretty useless , when they have thousands of customers , everything disappears < 1 min .

A better idea is to bet the NFL Favourites very early ( Sunday night) , you can buy back on gameday .( Last week I had Chicago -3 , Minnesota +3.5 )

[ourbet]

Nice post hanco21, I agree with you in many respects. FWIW I started-off in September 2005 with a $3,000 bank. With an injection of a further $4,000 in early June 2006, I reached my target trading bank of $25,000 at the end of July.

The best trading period I've had, which was directly after the injection of cash in June, I made $5,000 in a 12-day period. In the last 30-days, I made just over $3,000 in the first 7-days of this period but since then it's been kinda slow, so altogether my book is up about $4,000 so far this month. Boy do I wish I had access to $100,000 though!

I have to say that I'm interested in what aceking is doing but confess I'm fightened of doing this just in case I get left holding the proverbial "baby" if the line moves the wrong way.

Although I've been doing this for a year, I really don't know much beyond the software I use to make any informed opinions, so I'm looking forward to learning lots (and lots) from Professor Pags.

If it wasn't for my software and the great advice I get from this forum (all the time), I think I would have easily given-up last December when I drove over my first speedbump; SunsetSports.

Thanks alot for everything then SBR!

[pags11]

that's pretty impressive ourbet...

[LGBoots]

One tip when arbing... Always round up your bets & dont bet an amount like say $216.33. The books will have you tagged as an Arber from your your 1st bet if you do this

This does not apply when betting at Mansion/Pinny Or Matchbook as 2 of them are exchanges & Pinny does not seem to care anyway.

[jjgold]

It is a waste of time trying to make $100 bucks a day spending 8 hours or more in front of a computer. To me if your not making at least $75,000 a year gambling it is a waste of time and advise to get a real job with less pressure and way less risk.

If one book goes down that you have money in its all over and the prfits are gone. I think you need at least $50,000 to start also.

[Dirty D]

JJ, The truth is that I make barely over 6 figures as a production manager in a sawmill. I plan on achieving a good arb system and teaching it to my wife. She will be quitting her job soon as we are trying to have our first child. I thought it would be fun for her and heck, $100 a day is good money in my eyes, regardless of how much I make.

Thanks again guys... I hope to get more input today...

Peace,
Ryan

[ourbet]

Originally Posted by pags11

that's pretty impressive ourbet...

Thanks for that pags,

That’s really nice of you to say that especially as you are one of the posters here I really respect.

jjgold makes a valid point btw. If I were still living in the US or in the UK, I simply don’t think I could live (currently that is) on the income I have begun to generate for myself after one year; so “Yes”, I definitely do think I’d have to

Originally Posted by jjgold

get a real job

The fact is though, as the cost of living here in Thailand is so much lower than either the US or UK; I mean I rent a 4-bedroom house in Bangkok for only $255 per month (as opposed to whopping $780 per month for a 1-bedroom apartment in Los Angeles), I can live here very comfortably on around $1,500 a month!

I also enjoy what I do; which is very important. I mean it’s just me, the computer and my wits. I certainly don’t ever feel any pressure – plus I don’t have to endure “water fountain politics” or “political correctness”, as I know a lot of people do during their 9 to 5 grind every day.

[Stumpage]

Originally Posted by ourbet

I also enjoy what I do; which is very important. I mean it’s just me, the computer and my wits. I certainly don’t ever feel any pressure – plus I don’t have to endure “water fountain politics” or “political correctness”, as I know a lot of people do during their 9 to 5 grind every day.

Ourbet, You have completely hit the nail on the head with that statement. I couldn't agree more, and your words, or my version of them at least, is something I say to a great many people, right down to the PC part...If arbing/scalping, whatever, can be considered a job, then I can say that I truly love my job (In terms of the "freedom" it allows).

[tribet]

Originally Posted by rmdanie

i

1. Which of these common arb sportsbooks are excessively risky.
2. Which of these books will not take US customers
3. If you are using different books to arb an event, how could a book suspect you of arbing rather than simply bettting that team legitimately with their book
4. Is any of the arbhunting software worth paying for and if so, which ones have you had a positive experience with
5. Why are a good few of these books not listed with SBR while they seem to have a good customer base and a quality website and liscensed in UK
6. Would anyone disagree that the arb system can be very profitable with startup capital like 10K dedicated to it and why

1.Stick to well rated SBR books and you will be fine.
2.I think you may have trouble with some UK books taking your bets but I am not sure which ones.
3.Your regular punter will be betting on the same type of bets for small amounts,an arber will bet large amounts on all sorts of sports perhaps even obscure ones/leagues.You will be limited by most books you just have to learn to get round it when it happens.
4.I can recommend one but not on a public forum.
5.Which books do you mean?
6.You are not going to be very profitable with only 10k because you will be unable to get your money where you want it quickly enough,ie if you use only 10 books with 1k in each and use that money in one day you will end up with too much money in some books and not enough in others after the bets are settled.
You then have to get your money back where you want it(and you don't know where that is)so you are very restricted as to where you can bet.
Arbing is a % game,you will be lucky to get 2% above on a consistent basis and 8% arbs do occur but not very often(there is usually something wrong if they do).
My average is below 2% but I have 150k spread all over the place so I can take advantage of anything that comes up.Having said that you could still make your $75 if you are shrewd with your money.Do your research and paper trade first though.

[TheGambler]

after reading through these posts, i am blown away by how much money Ourbet and Tribet make just by trading. it definitely seems like the way of life!! I really think it would be nice to see your systems laid out but I realize that can take some time. I would just be curious how many trades you make per day, how much you make on each trade, and maybe any other key points. i would have to agree that 10K isn't going to get you rich by any means. thanks for the good info though guys. it's great hearing how others succeed with sportsbetting.

[Santo]

I suspect that many of their strategies would be done no favours by being made public/"laid out"..

[nyplayer33]

For those who arb, how many books do you use and which ones.

[tribet]

Originally Posted by Santo

I suspect that many of their strategies would be done no favours by being made public/"laid out"..

Correct,we don't give away our secrets for nothing.

[Yoshi]

edit: forget it, didnt read the whole post

[kiwi]

Originally Posted by nyplayer33

For those who arb, how many books do you use and which ones.

I have accounts with about 55 books, where 22 are most important.

[Dirty D]

Once again... Thanks for the great info. I appreciate that legitimate ppl have come on and shared their experiences. This thread has stayed on topic and givin me some good insight. I was worried that it would quickly turn into a gambler vs. scalper argument.

My parents are coming down this weekend and I am going to have to sell this to them. I think I can. It is encouraging to see that "OURBET" is up to 25K in a years time starting with 3k and injecting 4k more 6 months later. I am sure that if the system works as I hope, They will be more than willing to inject more for me to trade as well.

This will be something that I do in the evenings. I would like to come home, hit the software for a bit, verify some arbs, and hit a couple a day for 1.5%-2.5% realistically. At 3 arbs/day at 500 limit per book at 2% average profit would be risking roughly 3k / day making roughly $60/day or $1800/month. Although that doesn't make someone rich, that still excites me for the relatively small amount of time invested and super low risk.

Tribet and ourbet, do you have any books that you have had a scary experience with that you would say stay away. Looking at odds exchange, I see books like sportwetten, sportfanatik, mcbet, expekt, etc. Do you use any of these books that aren't rated by SBR.

Also, would either of you two be willing to let me call you and discuss this stuff??? I am not necessarily looking for your trade secrets, just looking to discuss some general information.

Peace,
Rmdanie

[MrX]

Man, you're lucky to have open-minded parents. I'm trying to imagine ever approaching my parents with that plan...

[kiwi]

Originally Posted by rmdanie

Tribet and ourbet, do you have any books that you have had a scary experience with that you would say stay away. Looking at odds exchange, I see books like sportwetten, sportfanatik, mcbet, expekt, etc. Do you use any of these books that aren't rated by SBR.

I am not Tribet or Ourbet but I can assure you that there are _many_ insecure books arround. From the books you mention you should avoid for example Sportwetten because they don't offer single bets (and if they do you must pay very high fees). Also more than a year ago the ypaid me very slowly so that I feared never to receive my money anymore. Expekt is a good book though.
I also use books that are not rated here. Most asian books seem to be rather unknown here for example.

[Yoshi]

Originally Posted by pags11

that's pretty impressive ourbet...

If signup bonuses are involved, its ok but not impressive.
I would certainly recommend a different tactic than using line software and spreading out money to tons of books.

[ourbet]

Originally Posted by Yoshi

I would certainly recommend a different tactic than using line software and spreading out money to tons of books.

Respectfully Yoshi, would you care to share what your tactics would be please?

I still very much consider myself to be a novice, having just entered my sophomore year, so would really welcome what you have to say please.

[Yoshi]

Well there are 2 things that give you the most money in the scalp biz: Bonuses and lines that jump.

You have the perfect book with Pinny, they will even tell you when a line changes. All you have to do is your homework with the other books you use.

The rest should be pretty easy to figure out, because noone would post everything he knows about this on a forum

[TheGambler]

i don't do much arb betting but i have heard from others that you need to be careful of which arb service you subscribe to. i have heard that some are just complete rip-offs and others dont' even pull correct info half the time.

[pags11]

yoshi,

I say it's impressive only because I've tried briefly at scalping and sucked at it...to make that kind of money at little to no risk is definitely something I respect...

[Dirty D]

Great information... I am lobbying my parents for the startup cash on Saturday morning. If all goes well, I will keep the board updated on my progress...

Peace,
rmdanie

[rolemand]

Personally I would suggest that you offer to repay them with some sort of interest. Since I was little it has always been done that way in my family. If my parents were tight on cash and they borrowed from me they repaid me with interest and I have done likewise with them. There is no reason you shouldn't be able to pay them at least 3% annually and it will give you incentive to work at it to get them paid back quickly.