Sports Betting Arbitrage
Posted: Fri Nov 05, 2021 8:29 pm
I stumbled upon a video on YT about a guy that found a way to be profitable on sports betting (using arbitrage)
most sports betters have barely winrate above 50% with a team of people just to output and sell predictions
but using the way described in the video, you can predict your outcome to be breakeven or positive. Meaning you cannot lose money with this strategy, the worst that can happen is the you end up at breakeven.
The secret is to work with two different brokers that propose different returns percentage. Then, by betting a precise amount on both brokers, betting for one side on one broker and the other on the other, you can expect to win OR to get to breakeven
BUT (because there is a but)
because you're gonna win a lot, the betting sites will eventually ban you. But not before you have made a lot of money of course...
also you need to be careful and precise. I cannot be responsible for losses that may occur for improper risk management on your part.
anybody tried that ?
Jeff
most sports betters have barely winrate above 50% with a team of people just to output and sell predictions
but using the way described in the video, you can predict your outcome to be breakeven or positive. Meaning you cannot lose money with this strategy, the worst that can happen is the you end up at breakeven.
The secret is to work with two different brokers that propose different returns percentage. Then, by betting a precise amount on both brokers, betting for one side on one broker and the other on the other, you can expect to win OR to get to breakeven
BUT (because there is a but)
because you're gonna win a lot, the betting sites will eventually ban you. But not before you have made a lot of money of course...
also you need to be careful and precise. I cannot be responsible for losses that may occur for improper risk management on your part.
anybody tried that ?
Jeff