isn't it easier to earn money on arbitraging sports game than on betting on the stock market (especially using betting exchanges)? You also pay a lower transaction fee using betting exchanges...so I just want to know what you guys think?
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isn't it easier to earn money on arbitraging sports game than on betting on the stock market (especially using betting exchanges)? You also pay a lower transaction fee using betting exchanges...so I just want to know what you guys think?
well based on my past experience with matchbook you can withdrawal your money fairly quickly. Also I haven't had any problems with the volume of the market unless you are willing to wager $10,000 or more. But in my point of view and my past experience it really depends on what sport your willing to arbitrage your bet. For instance baseball you only expect the odds to change by several points. But you see arbitrage opportunities everyday. So earning 2 to 3% of several thousand dollars everyday its not bad at all (but it does take a lot of your time sitting in the computer watching the odds move). Also if you look at sports that uses spreads, you will be able to arbitrage your bet based on the movement of the spread. But during live game betting (best is basketball), you can earn higher returns because the odds are more volatile. So you don't need to wager a lot of money (well this depends on what ROI you want). But I will admit, you do need a lot of time and practice to arbitrage because 1 little mistake may cost you and screw up your long term investment.
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well based on my past experience with matchbook you can withdrawal your money fairly quickly. Also I haven't had any problems with the volume of the market unless you are willing to wager $10,000 or more. But in my point of view and my past experience it really depends on what sport your willing to arbitrage your bet. For instance baseball you only expect the odds to change by several points. But you see arbitrage opportunities everyday. So earning 2 to 3% of several thousand dollars everyday its not bad at all (but it does take a lot of your time sitting in the computer watching the odds move). Also if you look at sports that uses spreads, you will be able to arbitrage your bet based on the movement of the spread. But during live game betting (best is basketball), you can earn higher returns because the odds are more volatile. So you don't need to wager a lot of money (well this depends on what ROI you want). But I will admit, you do need a lot of time and practice to arbitrage because 1 little mistake may cost you and screw up your long term investment.
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