Can Sports Arbitrage Software Make You Easy Money?
Thursday April 20, 2006
The scariest thing about the job I have here at About is that no matter what topic I write about, it's eventually going to be read by people who know more about it than I do. I received dozens of e-mails on my article "Can Sports Arbitrage Software Make You Easy Money?", all of which were complementary. A few readers pointed out a type of sports arbitrage I did not discuss. Here are two of those responses:
Arbitrage is different to Middling. Middling is where you place a bet, as described in this article so that you avoid a loss while potentially winning twice. Arbtirage is actualy where you find a pair of idds high enough to gaurantee a small percentage profit. For instance, if you can find odds of 2.1 at one bookmaker, and the same odds for the other team at another bookmaker, then you ahve an arb. Place $500 on team A at 2.1 and $500 on Team B at 2.1, and no matter who wins, your $1000 outlay will return $1050, a gauranteed $50 profit, 5% return on investment.
The software in question here finds these opportunities. My website, http://www.surebetbookies.com goes into a detailed explanation of ho Arbitrage works, how to calculate them, and detailed reviews of all of the software arb alert services available.
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I am just writing in reply to your article on your article "Can Sports Arbitrage Software Make You Easy Money?" I am not sure when you wrote the article, but I noticed that there have been no commetns on the paper, and that there is a lot to be said. For one, Sports Arbitrage has become really very popular over the past couple of years. Interest is constantly gaining, and there certainly needs to be much more education on the topic.
Reading your article, it seems to me as if you missed the crucial aspect of sports arbitrage. It is dependant on the odds of the bets. Your attempted example of arbitrage actually described a 'middle', which is to bet on two possibilities which may both occur if you are lucky. Arbitrage actually involves backing the two different teams so that no matter what the outcome, your profit is a small percentage of the risked amount. For instance, team A has odds of 1.5 and team b has odds of 3.1. You bet $666.66 on team A, and $322.60 on Team B and no matter which team wins, your total outlay of $989.18 gives you a $1000 winnings. ie: $11 profit. That is the idea behind the 'risk free' side of it. With those two bets laid, you have no risk involved in the outcome of the bet. You know before the game has even started that you will make $11.
Arbitrage is different to Middling. Middling is where you place a bet, as described in this article so that you avoid a loss while potentially winning twice. Arbtirage is actualy where you find a pair of idds high enough to gaurantee a small percentage profit. For instance, if you can find odds of 2.1 at one bookmaker, and the same odds for the other team at another bookmaker, then you ahve an arb. Place $500 on team A at 2.1 and $500 on Team B at 2.1, and no matter who wins, your $1000 outlay will return $1050, a gauranteed $50 profit, 5% return on investment.
The software in question here finds these opportunities. My website, http://www.surebetbookies.com goes into a detailed explanation of ho Arbitrage works, how to calculate them, and detailed reviews of all of the software arb alert services available.
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I am just writing in reply to your article on your article "Can Sports Arbitrage Software Make You Easy Money?" I am not sure when you wrote the article, but I noticed that there have been no commetns on the paper, and that there is a lot to be said. For one, Sports Arbitrage has become really very popular over the past couple of years. Interest is constantly gaining, and there certainly needs to be much more education on the topic.
Reading your article, it seems to me as if you missed the crucial aspect of sports arbitrage. It is dependant on the odds of the bets. Your attempted example of arbitrage actually described a 'middle', which is to bet on two possibilities which may both occur if you are lucky. Arbitrage actually involves backing the two different teams so that no matter what the outcome, your profit is a small percentage of the risked amount. For instance, team A has odds of 1.5 and team b has odds of 3.1. You bet $666.66 on team A, and $322.60 on Team B and no matter which team wins, your total outlay of $989.18 gives you a $1000 winnings. ie: $11 profit. That is the idea behind the 'risk free' side of it. With those two bets laid, you have no risk involved in the outcome of the bet. You know before the game has even started that you will make $11.
Comments
Thanks for posting Mike. Just an update, I have moved to http://www.sportsarbitrageguide.com because the URL was much more appropriate.
Thanks,
Shane