Guaranteed betting System?
Arbitrage betting is a method of finding two sportsbooks with different odds on a sporting event that allow you to bet on both teams and guarantee a win. For example, say the Yankees are playing the Mets. One casino gives these odds: Yankees -190 Mets +170 And another casino gives these odds: Yankees -130 Mets +110 Now say you bet $100 on the Mets at the first casino, and $140 on the Yankees at the second casino. If the Mets win, you win $170 at the first casino, and lose $140 at the second casino for a net of $30. If the Yankees win, you lose $100 at the first casino, but win $107.69 at the second casino for a net of $7.69. That's arbitrage betting. Of course, it's a complete waste of time. Finding arbitrage bets takes an immense amount of time and effort, and only come up once in a blue moon. Most casinos have similar or the same odds on all events, so finding bets to make is next to impossible. And when you do find bets to make, you must best huge amounts of money to make it worthwhile. Most of the time, the return is 1% or less, so just to make a few hundred bucks you need to bet thousands of dollars on each side. And whenever you work with online sportsbooks, you always run the risk of ending up on a shady site that won't let you cash out, or one that takes so many fees and crap that it eats up your entire profit. That's assuming they'll even let you make large bets in the first place. If you have like a $500 betting limit, you end up making one bet a month with a net profit of like $10. Whoopidy doo! It's just not worth the effort IMO.
Kelly criterion in arbitrage?
Well I have never seen anybody quoting that Kelly Criterion would suggest you to wage 100% in an arbitrage situation. What Kelly criteria tell you is how much you are to bet/wager given your bankroll (money on hand) and the probability of winning and losing. Anyway if you are talking about arbitrage situation I am assuming you are talking about a +ve expected value calculated by using game theory. Then yes you are suppose to bet 100% if the situation is an arbitrage one or has a +ve expected value. Here the 100% I am assuming you are talking about the number of times you are to bet not 100% of your bankroll. This is because with +ve expected value, you still loss but in the long run u will win. So according to the Kelly Criterion calculation you are not to bet all your bankroll (100%). It usually is a portion or a % of your bankroll, and in this case it would be larger so that you will get the most value out of your bankroll. I hope this can help you >.<"' Love to gambles you will lose, Love to understand and calculate your odds of gambling you will never lose.
Will online casinos ban me for using a betting system or winning too much money?
I'm not trying to "get rich quick" as one of you said, or I wouldn't be quitting at $3,000! That isn't rich (at least not to me!). And I know the house has the edge, I'm not an idiot! I've been playing around with it and thought it would be fun to see if I could win a few extra bucks with my little "system" (which only works up to a certain amount, as I stated), I just don't want to get banned and lose my deposit IF I win-that was my question . And in reference to "experts", I have checked with several about whether my odds change when playing for real money on this particular site-they assure me that it is their personal experience that they don't, and assured me that sites that do this are on their blacklists. I've done my homework in this regard. Thanks for the responses!
What are the best sports betting system that can ensure I earn often?
That's the question you want to ask yourself!First, looking at how you've lost that money, you surely don't have any bankroll management strategy do you?You should start by sorting this out. You will find a lot of bankroll management explanation and advice on the net or even here on Quora.Here's my personal answer:I found this guy who only bets on soccer/football. His strategy/method is to bet only on Draw No Bet (DNB - you'll get your money back if the match is a draw) and Double Chance (+1 - The team can either win or draw for you to win your bet).This means that just thanks to this strategy, you have 2 chances out of 3 not to lose your bet! Of course, you'll think: "Ok, great Sherlock, but then the odds are not interesting anymore". Well, this is true but it depends on the game. Here is the catch:He only bets on tight games. By tight, I mean on the paper but mostly looking at the odds. He then looks at the probabilities for each outcome (He has is own algorithm based on thousand of data) but some websites can give you those probabilities and stats as well, for free!He then looks closer at the games that are interesting statistically talking and picks the team that has (to make it simple) the more chances not to lose. That leaves him with an odd of 1.50 on average. This method allows him to bet on more than a hundred games per month!!! (No need for long and meticulous analysis). Not all of the bets are good, of course, and on the short term, you will not see your bankroll go crazy as the odds are about 1.5 per game but on the long term, you do have the edge and therefore you'll make profit. So far, the profit is huge actually and just for April, he has +100 bets and +153.5%. You can find his picks on this website. The webiste is new and very basic and kind of ugly but who cares because the results are there, 100% honest and 100% free!!Mercabet - AccueilIt's in french, but if you go to "historique", you will see all of his past picks but also current picks at the top. No need to speak french! It really has changed the way I bet. As I said earlier, if you try it, try it over at least a week. I recommend you to bet always the same stake on each bet. Hope my answer has helped you and even if you don't follow this method, maybe this will inspire you! I might have forgotten some details but if you have any question, you can send an email via the website! Best,Clem
Does 'matched betting' actually work? Any does anyone know of any websites that can help me do this!?
They're called betting exchanges and they operate like a stock exchange, the big ones are betfair.com and betdaq.com. The interesting thing is that it's easier to arrange arbitrage situations where you're betting on both sides of a game. In the early days, it was possible to write a betting bot to place arbitrage wagers for you and there were early claims of making £100,000 a month that way but most of the easy money is gone now. I've noticed that there are arbitrage situations for a few days after new markets come on line. Obviously it takes time for people to reprogram their bots and during that time it's possible to manually spot and place arbitrage wagers. They have an Excel API so if you're on a Windows platform, you can create your own bot with Excel. There are commercial ones available at a price. Betfair will charge a data fee if you pull data through the API at more than a certain rate so it's quite easy for a bot to cost your money rather than make you money. Just search on "betting bots" and betfair.
Does anyone know tax laws for sports arbitrage in Canada and the USA?
Hey- I was interested in getting into sports arbitrage, so does anyone know the tax laws for that in Canada and the USA? Is there a limit on how much one can make or be taxed on? Any advice, tips or contacts would be greatly appreciated. Sports betting is totally legal in Canada at least. I just made a bet on hockey last night at the lottery website. thanks so much everyone
How can one win constantly through online betting?
There are Several ways:Step 1: choose your bet types-avoid multi-betsIf you’ve ever interacted with sports bettors, you’ve probably met that guy who likes to place 10-step multis and then complains about how Man U *$#@’d them up at the 9th step and how their sports betting tipster sucks. You see, for a bookmaker: multi-stage bets are their most profitable, and thus the least profitable for you to take. The reasoning behind this comes from the concept of a ‘margin’.The margin a bookmaker takes is the amount of profit they expect to make from their customers on any bet, this is done via tweaking their odds such that they don’t quite match reality. When you take a bet, you incur a margin; this is basically a ‘risk’ you incur, a handicap putting you on the back foot and reducing your expected returns.When you take a multi-bet, however, you incur this margin over and over for every-step in the multi- making it a very poor investment in the end. You see, bookmakers exploit the promise of very large returns- using psychology to tempt bettors into short-term reward, for high risk. Sure you could win 10K on your 15 step multi which you only bet $100 on just the same as I could win the lottery tomorrow for only $20- same thing. A multi bet puts betting strategy out the window: bookies love when you take these- avoid them.Step 2: develop a sound betting strategy.As strange as it sounds amongst this vilification of the bookmaker: they want you to bet freely and to have fun. This is not because they care for your well-being, but because betting freely and on the fly prevents you from making optimal bets and maximising your profits. Realistically, to maximise your expected returns as a bettor, you might need to sacrifice some of the ‘fun’ factor that you get from taking a random punt on a high-odds team.Developing a sound betting strategy centers around focusing what you want to achieve, measuring your progress and betting optimally. This is a pretty broad topic, and we discuss developing a sound strategy in more detail hereA TL;DR of the linked blog is:Bet using the Kelly CriterionBet often, and aim for long-term profits, not short.Give it a read, if you already haven’t.I outline the full read here: Introduction to Sports Betting: How to beat the bookmaker | BetterBets I suggest you take a look if you are serious about sports betting.