Arbitrage wizard

Hey Wizard. Can you tell me if doing arbitrage with sports betting is ok and can you get banned from sites for doing it? Know anyone who is succesful at it?

Thanks man .Great site .Ive been like the most active member last few weeks just reading everything from both sites ,for sure.

Yes if discovered you will get banned and winnings will be confiscated.

Lots of people have software that scrapes lines off lots of sites and alerts the user to those rare times there is a scalp available. Such opportunities are extremely thin advantages usually and you have to act on it within seconds, to beat your competition.

Most sites don't like scalpers and won't hesitate to close their accounts. Some actually avail themselves of scalpers if they desperately need action on one side of a game. I know Pinnacle openly welcomes them.

My advice is to not fuss with it. You need a lot of money to make a little money at it. There are better ways of beating sports better.

Sorry it took so long to answer you.

Quote: Wizard

My advice is to not fuss with it. You need a lot of money to make a little money at it. .

Meanwhile The Wizard just picked up 5k scalping a few lines (-:

No, usually they won't ban you, nor confiscate any winnings (don't think many sites even include such clause in their TOS anymore).
But they can and eventually will limit your account to peanuts and that's essentially the same as banning you off.

You don't have to take all legs of an arbitrage though. Can just use the arb service (or your manual search) to identify the outlier and bet only that outcome at the given value odds. Use some %Kelly with your bankroll for close to optimal bank growth and that's it - value betting in it's simplest. You'll have some variance to deal with of course, but you'll escape the other traps of arbing and will ultimately maximize your ROI by not betting on the legs which have negative EV since very, very rarely will there be any value in more than one leg of an arb.

The issue with the account limiting will still be there though, as the majority of bookies will limit sharp players who only bet on their outlying odds.

"There are better ways of beating sports better. " What is the best way?

zuti6 better ways of beating sports better. " What is the best way?

There's a few threads on here talking about what it takes to be a successful AP. I'm not trying to be mean but you're not exhibiting at least one significant behavior. You sound as if you just want some easy formula and want to jump right in.
There's guys who really know their stuff and struggle.

Don't be lazy research and finger work a little then come back and discuss it.

You should be asking where to find good information and then learn as much as you can. If you get stuck or need more help then ask something specific.

Axel ,I am doing research . And yeah my question sounds like i want simple solution .But i meant it in the way as in this topic ,considering what was said about arbitrage being too risky. So i mean is it basicly getting good at finding best lines with knowledge of one sport and using also statistics to support the decision and if it is what else is meant? You know what i mean?

Quote: zuti6

"There are better ways of beating sports better. " What is the best way?

Find a "rookie bookie". They always make mistakes when starting up. You can take advantage.

Several years ago, some knucklehead let me bet using the point spreads in the newspaper.