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Old 12-15-2008, 01:09 AM   #1
nickmanning214
 
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Default looking for arbitrage service

I'm looking for an arbitrage service (sure bets), but the problem is, most sportsbooks that are in the services don't accept US customers. Do you know if there is a way to do arbitrage in the US?
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Old 12-15-2008, 02:11 AM   #2
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sportsbooks are in the services to provide you sure bets?
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Old 12-15-2008, 02:11 AM   #3
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You are looking for free money with as little effort as humanly possible? I've never actually received a warning from SBR but I really do feel an almost overpowering urge to mock you.

I actually have some respect for the arbers that can catch an arb before anyone else even notices it exists, but arbing via a service just seems to... unsporting.
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Old 12-15-2008, 03:43 AM   #4
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there was a decent NFL arb today if you go look back through sbr lines you'll find it.


they are out there, you just have to be on the lookout for them
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Old 12-15-2008, 04:52 AM   #5
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Quote:
Originally Posted by nickmanning214 View Post
I'm looking for an arbitrage service (sure bets), but the problem is, most sportsbooks that are in the services don't accept US customers. Do you know if there is a way to do arbitrage in the US?
Hey, this one's right up my alley

I use Matchbook and 5dimes to arb against other soft books. Getting money on Matchbook has been a pain, but it's worth it IMO if you are serious about clearing bonuses through 0-cent arbs or scalping for straight profit. 5dimes is sharp enough and their reduced juice makes it solid for nickle bettors. PM me if you want!
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Old 12-15-2008, 04:53 AM   #6
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But if you're looking for an arbitrage scalper or a line scraper, that's tough - most of the mainstream ones don't work (I know, I've tested them). Arbitrage Pro is decent though, you can Google the name since I know SBR doesn't like links in their posts. Cheap enough to test out (22 GBP for 20 hours I think) and the interface is nice. Wish they supported CreditWagering (yes, I use them as an out) and Sportsbook.com but I understand why they don't.
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Old 12-15-2008, 08:32 AM   #7
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Apparently "Arbexpert" was a decent one a few years back, but I've never tried it myself...They do have a free trial (3 days I think) so you might want to check them out.....
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Old 12-15-2008, 08:36 AM   #8
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Huh. I'll check it out.
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Old 12-15-2008, 08:39 AM   #9
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yeah, the only problem with arbing is people usually don't factor in the risk of a book going busto.
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Old 12-15-2008, 09:17 AM   #10
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You're kidding yourself if you think you'll make enough money this way to make it worth your time.
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Old 12-15-2008, 09:23 AM   #11
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You're kidding yourself if you think you'll make enough money this way to make it worth your time.
I disagree. There's plenty of money left for arbitrage if you have a bankroll large enough.
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Old 12-15-2008, 10:03 AM   #12
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Sports Insights had a SureBet feature. I must say I have never looked at it though.
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Old 12-15-2008, 10:05 AM   #13
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what is arbitrage?
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Old 12-15-2008, 10:23 AM   #14
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Quote:
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I disagree. There's plenty of money left for arbitrage if you have a bankroll large enough.
If you have the capital (say, at least 100k) to do it, you'd make more doing a minimal amount of capping. Don't ignore arbs, but don't count on it for your bread and butter.
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Old 12-15-2008, 11:00 AM   #15
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Quote:
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I disagree. There's plenty of money left for arbitrage if you have a bankroll large enough.
agreed if you don't keep getting booted from the books
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Old 12-15-2008, 11:17 AM   #16
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arbing is for kids
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Old 12-15-2008, 12:12 PM   #17
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This thread just continues the age old "Arbers" versus "Non Arbers" Global conflict. It would seem that the pro-arbers really don't have the time or desire to give up the trade secrets, for lack of a better term...And not that it matters, because it always seems like the viewpoint of the anti-arbers is somewhere along the lines of "Well, to me it seems impossible; so therefore it must be impossible."

Peace will be secured in the Middle East long before the Great Arb conflict is resolved.....
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Old 12-15-2008, 12:32 PM   #18
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Quote:
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You're kidding yourself if you think you'll make enough money this way to make it worth your time.
Ok then Justin IYO how much would you have to make for it to be worthwhile.?
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Old 12-15-2008, 12:34 PM   #19
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Quote:
Originally Posted by Stumpage View Post
This thread just continues the age old "Arbers" versus "Non Arbers" Global conflict. It would seem that the pro-arbers really don't have the time or desire to give up the trade secrets, for lack of a better term...And not that it matters, because it always seems like the viewpoint of the anti-arbers is somewhere along the lines of "Well, to me it seems impossible; so therefore it must be impossible."

Peace will be secured in the Middle East long before the Great Arb conflict is resolved.....
I don`t think it will ever be resolved,but all i will say is let them think it`s impossible then the more there is left for me.
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Old 12-15-2008, 12:44 PM   #20
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I don`t think it will ever be resolved,but all i will say is let them think it`s impossible then the more there is left for me.
Well said.....
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Old 12-15-2008, 12:52 PM   #21
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yeah, the only problem with arbing is people usually don't factor in the risk of a book going busto.
Thats why I love it when this happens.
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Old 12-15-2008, 12:52 PM   #22
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I personally don`t use a paid service,but from listening to others and a bit of research Arbitrage Pro is universally considered the best service going,but is also the most expensive,also a popular one is Sportspunter.
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Old 12-15-2008, 12:55 PM   #23
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Quote:
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yeah, the only problem with arbing is people usually don't factor in the risk of a book going busto.
So what if a book goes bust,it won`t only affect arbers Pico it will affect all those that have money there,from an arbers point of view they will probably only have a balance that equates roughly to a weeks money.
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Old 12-15-2008, 01:04 PM   #24
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Ok then Justin IYO how much would you have to make for it to be worthwhile.?
As much as you could from an honest job, reflecting the risk of someone else having you money.

I'd say 60k minimum, if you're working perhaps 25 hours a week. But with this much time and capital, you could do better picking up the easy pieces in sports.

I still do arbs when I see them, but as an afterthought. And more often than not, I only take "half the scalp", and leave a naked position passing on the market price.
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Old 12-15-2008, 01:06 PM   #25
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So what if a book goes bust,it won`t only affect arbers Pico it will affect all those that have money there,from an arbers point of view they will probably only have a balance that equates roughly to a weeks money.
sometimes you found out that 20 books going busto at the same time...after the fact you found out they're all related.
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Old 12-15-2008, 01:48 PM   #26
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Though arbitrage is "riskless profit", fear of cancellation of bet looms (enough horror stories on this board and elsewhere though it has never happened to me). Of course, obvious palpable errors shouldn't be touched.

As for To Arb Or Not, I will always take 5%+. One-sided arbs or half-naked position (as Justin says) can do the trick in increasing the returns. Btw, should I arb a 6 pt NBA total adv or go for the middle ?
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Old 12-15-2008, 02:07 PM   #27
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Quote:
Originally Posted by rookie View Post
Though arbitrage is "riskless profit", fear of cancellation of bet looms (enough horror stories on this board and elsewhere though it has never happened to me). Of course, obvious palpable errors shouldn't be touched.

As for To Arb Or Not, I will always take 5%+. One-sided arbs or half-naked position (as Justin says) can do the trick in increasing the returns. Btw, should I arb a 6 pt NBA total adv or go for the middle ?
Why not do both,if you can.
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Old 12-15-2008, 02:31 PM   #28
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Arbing is impossible, too many times I've had my bets cancelled. Just not worth it, books are so shady these days. All the books that have good arbs are going to be busto within the year.
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Old 12-15-2008, 02:37 PM   #29
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Arbing is impossible, too many times I've had my bets cancelled. Just not worth it, books are so shady these days. All the books that have good arbs are going to be busto within the year.
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Old 12-15-2008, 03:18 PM   #30
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Quote:
Originally Posted by LMAOFISH View Post
Arbing is impossible, too many times I've had my bets cancelled. Just not worth it, books are so shady these days. All the books that have good arbs are going to be busto within the year.
You know something about Pinnacle's future that everybody else doesn't?.....
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Old 12-15-2008, 05:30 PM   #31
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buy low sell high
forget arbs
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Old 12-15-2008, 09:36 PM   #32
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Quote:
Originally Posted by LMAOFISH View Post
Arbing is impossible, too many times I've had my bets cancelled. Just not worth it, books are so shady these days. All the books that have good arbs are going to be busto within the year.
you realize you're supposed to post each bet with different books, right?
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Old 12-15-2008, 10:43 PM   #33
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What kind of arbs are you looking for? Arbs between 2 or more books? Arbs over time? Arbs over line moves?

You can certainly get arbs over 2 or more books. BUT you have to have live feeds and you have to be quick. Usually arbs over 2 or more books occur when the lines open and then they only last a few moments.

You aren't going to find a commonly available tool that does what you are asking for. You will either have to build it yourself, or find the pros that sell tools like this for many thousands of dollars and don't "advertise" on free bulletin boards. Or, you will have to sign up to several live odds services and watch the odds change.
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Old 12-15-2008, 11:18 PM   #34
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Quote:
Originally Posted by Justin7 View Post
If you have the capital (say, at least 100k) to do it, you'd make more doing a minimal amount of capping. Don't ignore arbs, but don't count on it for your bread and butter.
excellent post.most people who did arbitrage and there are a few here and from the rx ,like fishhead,made a great deal of money in the early years of sports books with the great bonuses of yesteryear and a great climate for arbitrage betting in the early 2000's for Americans .

With the loss of neteller and other changes in funding options and and the change in sportsbook bonuses and the decline of reliable books,it has become pretty difficult to say the least to make a great deal in the US arbing but I may be wrong.

And I severely disagree on some of the figures I see for the time needed to successfully engage in arbitrage betting,it is an extremely time consuming effort even with a good scraper or a good program set up,but who knows, there may be some people on sbr with 75k-100k bankrolls arbing with few hassles.I sort of doubt it but who knows
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Old 12-16-2008, 03:11 AM   #35
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excellent post.most people who did arbitrage and there are a few here and from the rx ,like fishhead,made a great deal of money in the early years of sports books with the great bonuses of yesteryear and a great climate for arbitrage betting in the early 2000's for Americans .

With the loss of neteller and other changes in funding options and and the change in sportsbook bonuses and the decline of reliable books,it has become pretty difficult to say the least to make a great deal in the US arbing but I may be wrong.

And I severely disagree on some of the figures I see for the time needed to successfully engage in arbitrage betting,it is an extremely time consuming effort even with a good scraper or a good program set up,but who knows, there may be some people on sbr with 75k-100k bankrolls arbing with few hassles.I sort of doubt it but who knows
When you say 75k-100k bankroll i presume you`re talking $ and not £.If you`re talking $ then that`s a small bankroll.
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