The Risks of Arbitrage Betting

gerrikabeitia — Mon, 17 Mar 2008 02:48:28 +0000

It’s been some time since I posted on my old blog on this subject and since we’re driving at this type of “trading” (could it be?), I thought it best to return to post some aspects that make us actually lose money in this supposedly no risk way to win.

1 – Cancellation of bets due to betting shop errors
Certainly many of you have already suffered from the cancellation of a won bet because the betting shop says it did not define the odds. There is nothing to be done about this, and when we create an account with a betting shop, we can be sure to accept that it will happen. In arbitrage, this is an extremely important factor seeing as we have two sides, one that will win and one that will lose (in the more common case of back/lay arbitrage). Here if our bet effectively wins but the betting shop cancels it, we lose the total amount from the other side. In my experience, betting on totally absurd odds with arbitrages higher than 10% should be avoided because they attract an intervention by the bookie.

2 – The odds change rapidly(...)
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The Risks of Arbitrage Betting