Dominate Sports Betting by Joris Dekers - HTML preview

Is arbitrage legal?

Sports arbitrage betting is completely legal as long as local laws permit gambling.

All that sports arbitrage traders are doing is placing bets with different bookmakers whose odds just happen to guarantee a profit overall. There is nothing illegal in that. So for us UK residents, sports arbitrage investing is a legitimate part time (or even full time) source of income!

It may be illegal for US residents to place sports bets over the Internet due to the Federal Wire Wager Act 1961. The Act states the following:
³ Some material in this section is directly copied from (although the currencies are changed): http://www.sportinginvestor.co.uk/issues/XML/render.asp?PageDetail=-1411331674&Link=-784859346

W hoeverbeingengagedinthebusinessofbettingorwageringknowinglyusesawirecommunication facilityforthetransmissionininterstateorforeigncommerceofbetsorwagersorinformationassisting intheplacingofbetsorwagersonanysportingeventorcontest,orforthetransmissionofawire communicationwhichentitlestherecipienttoreceivemoneyorcreditasaresultofbetsorwagers,orfor informationassistingintheplacingofbetsorwagers,shallbefnedunderthistitleorimprisonednot morethantwoyears,orboth.

Whether or not the Federal Wire Wager Act 1961 applies to online sports betting is the subject of much legal debate. Some bookmakers allow US residents to bet with them, whereas others have chosen to refuse their business. It should be noted that there are a very large number of offshore sports books aimed at US clientele and so this issue is a grey area to say the least!⁴

C. FAQ

How many arbitrage situations occur each day?
There would be a problem with arbitrage if they occurred only once in a while. This would limit our winnings and oblige us to be sitting at our computer for hours on end in order to chance upon one. However, there are many arbs produced every day generating average profits of 3.5% and in fact many of them produce gains of up to 10%. Every minute arbitrage opportunities arrive.

Do the bookmakers try to prevent their losses due to arbitrage searching software such as oddsandbets?
The money that can be made by an arbitrajeur is the same or better than any other and at the end of the day half of our bet will be lost to us and won by the bookmaker. At the end of the month we will have lost half the money we have bet. If we would bet €30,000, we will lose €15,000 what we will have been distributing among the various bookmakers. Of course we will also have recuperated this €15,000 plus whatever profit made through the arbs offered by OddsandBets

It is important to know that when we win money no-one else looses, not even the bookmakers. We have already explained that the bookmakers work on a % increasing or lowering the odds depending on the bets they are receiving. Our winnings will therefore not mean a loss to them but it is rather money which has made them move their odds (together with the bets they have received). This is why most bookmakers or account managers at bookmakers don’t dislike arbitrage bettors to much, but to be clear, they are not the most beloved ones too!

⁴ http://www.sports-arbitrage.info/

How much time do I need to invest in this?
You will learn in a few days, what hours of the day produce the most arbs. The actual process of betting will not take more than a few minutes. So with 2 or 3 hours of attention at your computer you can take advantage of 4 or 5 arbs with a high enough percentage to have substantial gain. If you wish to invest more time then obviously you will make more money.

Is this better than investing in the stock market or in some other banking scheme?
When we talk about investments we are talking about putting in money such that we will be certain that we will gain a specific amount of money (interest). On this premise any activity which depends on incontrollable variables in order to make a profit and not loose your initial stake is not an investment. It is a risk. We risk our money in order to gain more. With sports arbitrage we do not risk anything. We play safe in the knowledge, from the offset, how much we will win. There are no variables that actually depend on our money.
Only the bankruptcy of the bookmakers could put us at risk, or the almost never occurring strange moods of bookmaker account managers who start closing winning accounts. Remember, these are all situations which are very unlikely to occur. You have a higher chance of being in a car accident as a matter of speaking.

How much money do I need to invest?
There is very little truth in every answer to this question. It really depends on your approach. As we have mentioned earlier in section 4, if you start out with €3000 you will not make huge profits in the first weeks/months and it is wise to limit the amount of bookmaker accounts to 4-6 in the beginning when you have such a small amount of total cash. Your accounts will be empty soon at bookmakers where you lost half you arbitrage bet. This means you must refill them, and in order to do so you will have to withdraw money from the bookmaker account at which you won the bet and made the profit. Transferring money is the biggest delay factor in the beginning. This problem is less troubling when you have €30.000 at your disposal. But since not everyone has this sum available there is no shame to start out with a small bankroll. There is a learning curve in the arbitrage job too, so it is never stupid to begin with smaller amounts of cash. And remember, you will always make profits ,even if you begin small.

Are there many people dedicated to this activity?
This activity is most common in countries where the tradition of sports betting has existed for many years, such as the UK. With the help of information technology, these arbitrageurs are now able to optimise their time and money and have a job which is much more relaxing and offers them more free time than other traditional occupations. Thousands in the UK, US and Australia and increasingly also in Eastern Europe dedicate their time to arbitrage and make money out of it. But do not worry, 99% of all customers at bookmakers are just gambling. Only a very small minority is an arbitrageur and makes a profit. This is the main reasons why bookmakers do not really fight against arbitrage. They earn too much money to pursue arbitrageurs.⁵

Now we have two tips for you, to end this section with.

Tip 1: keep a notebook!
You may also be interested in keeping a file or notebook with all the usernames and passwords. Some free internet programs will remind you of them, however it is better if you have them organised and at hand. We give you the opportunity to work with more than 50 bookmakers (do this through http://www.sportsbettingebook.com/bookmakers/). Be sure that when you are going to invest in an arb you have your accounts open or have access to them and the ability to deposit money in a matter of minutes.

Tip 2: currency converter
You may also need a currency converter, because some bookmakers only work in dollars or euros. The tool mentioned below is useful tool in that it will help you to calculate the right amount when you have to bet in a different currency.
Visit http://www.oanda.com/convert/classic?lang=en to get the tool immediately.

⁵ FAQs information comes partially from arbwinner.com website

Section 7: How to apply a zero risk policy whilst arbitrage betting

Arbitrage is just as legal and illegal as normal sports betting. But bookmakers are just like casinos: they are used to losing customers and not to winning customers. This is why the bookmakers have their best players well profiled. If bookmakers detect that you are an arbitrage player and play hard, they may cancel your account and refund your money, although such cancellations are very unusual. It almost never happens, but as a professional arbitrage bettor you want to eliminate every possible risk. Remember, policies, laws and terms and conditions don’t state arbitrage trading as illegal but it is the support team and account managers who are able to do weird things (like closing accounts), not the written laws. Again, arbitrage betting is not illegal but you should always rather be an anonymous winner than a very known one. You might want to do the following at all times to prevent weird things from happening:

^{Tip 1: Don ’t place weird betamounts·} Round off the quantities you are betting. If you bet 343.66€, they will see it as an arb. Bet 345 or 340 €. Our software will help you to calculate better these quantities.
_·Tip 2: Place bets at professional matches
Do not bet large amounts on the Swiss basketball 3rd Division! They will know it is an arb or might at least suspicious to you and this basketball team in the future;
_·Tip 3: Do not withdraw funds suddenly; leave some money in your account. If you deposit and withdraw a lot (emptying accounts) this can be a sign of arbitrage trading to bookmakers. Although it’s legal, you don’t want to push people in the wrong direction.
·

Tip 4: Make an average bet sometimes
If business goes well, (and it will) bet from time to time small amounts on a sport you are familiar with. Do not worry if you loose €20 on Arsenal vs Man U when you are gaining a profit of 50% per month on your investment;

_·Tip 5: Be reserved
Never talk about http://www.sportsbettingebook.com, this e-book or the oddsandbets software with the bookmaker support/managers. Although this software is legal,(stupid) account personnel might think otherwise.

Staying unknown is not a must, it is an advice. What IS a must is that you are in control of your own betting process and everything in between. We will now guide you to some errors made by arbitrage bettors.

_·Tip 1: read all terms and conditions on the bookmakers you sign up with Bookmakers don’t only have different odds, they also have slightly different terms and conditions. Most of it is the same at any bookmakers, but there are bookmakers who have slightly different rules of their own. For example, when you have a tennis match that is ended before a ball is hit due to an injury of a player some bookmakers might return your money and thus cancel your bet. Other bookmakers rule in favour of the winner and you are then (thus) gambling. To prevent this, make sure you have accounts at bookmakers where there is an agreement on these subjects. Also try to select bookmakers based on payment options: if you have neteller, make sure all bookmakers have neteller as a payment option! And don’t forget, some bookmaker have rules that nowhere else apply like Betfair that takes 5% commission on profits.

_·Tip 2: maximum bet amounts at bookmakers
Always be watchful for tricks from bookmakers. Some tend to set maximum bet amounts to limit the advantage of the player. Luckily, in oddsandbets there is an option to calculate your profit even with betting limits. But be sure you always check the potential maximum stake amounts in that you don’t wager more than possible.

_·Tip 3: place a bet on the lower odd first. Always!
Remember to always start with bets with the lower odd, i.e. the one the bookmaker considers as the most probable. In case of malfunctioning that does not allow you to bring your arbitrage to an end, you will at least have placed your bet with the more success probabilities.

·

Tip 4: Be sure you double/triple check EVERYTHING in the betting process This means watching the betting amounts, the right websites, the betting type (handicaps etc.), the odds etc. You must act fast when taking advantage of an arb, but stupid errors occur when in rush, so be speedy but careful;

_·Tip 5: Don’t be attracted by unusual high odds
Don’t bet on all too high odds (arbs higher than 10%) for it is definitely possible that bookmakers have made mistakes and the bet won’t count. All you have done then is wasting time;

There is one key to never make any stupid mistakes and that key is experience. In time you will see thing much clearer and know how to prevent mistakes.

CONCLUSION

Arbitrage is the best job available on the internet. It is simple, legal, safe and provides a lot more cash than regular jobs. You can even earn more than your boss without working too hard.

Soon you will be earning THOUSANDS of EUROS, POUNDS OR DOLLARS every week because you take a smart approach to sports betting.

 

Gambling is not an option for you anymore.

 

Open up your pockets and let that cash come in!

Due to heavy loads of work the dominate sports betting support team has decided not to answer any arbitrage related questions anymore. Only contact support@dominatesportsbetting.com involving technical questions, purchasing questions, partnership proposals, advertising

proposals and affiliate proposals. All questions regarding bookmaker accounts, Oddsandbets software or internet banking should be addressed to the particular support teams of bookmakers, Oddsandbets and internet banks.

Thank you

 

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