[DISTROYA]

I live in states and and arbing is making me a very nice 2nd income. Hell some weekends I make more than my job. Was it as easy or profitable as 5-10 years ago? No, but I make a LOT more than $15/hr, especially during football season. The books are catching up sometimes it does backfire---their lines are not as off as before. I also notice a LOT more people are doing it (you can tell how quick an arb line evaporates, get stuck with small loss on quickly changed lines etc.) but those are casualties of war. Ive done this for almost 10 years now and still find holes where good profits are available. I have been limited/kicked out, but some books (to my amazement) continue to take my action. I will ride it as far as it goes. Live arbing is suicide, why even consider that when your window is like 5-10 seconds sometimes. But if your looking to do this with a small bankroll, its very tough to make it worthwhile.
If you do some research you can easily find which books are arbable and find their weaknesses. Of course you risk tying up a bunch of money offshore, then trying to explain to your wife your not gambling (good luck with that one) and always under the radar, and marked on the books blacklist. But again somehow have survived so far.

[Sawyer]

I was a straight bettor 5-10 years ago, I was not arbing those times but according to elder arbers I talked to, arbitrage betting was much more easier in the past. It's more challenging nowadays. Books are getting wiser and meaner. 8-10 point middle arbs no longer exists. Some books were very slow to move lines, now they change lines in a blink of eye, still arbitrage betting is a very profitable business but it's not for everyone. It's not an easy job either. It requires hard work, creativity, lightning-speed fingers, nerves of steel and a serious capital/bankroll. I had times when I had over 300k in offshore total.

About live arbing, it may sound like a suicide but if you use the right technique, it can be very profitable. See my "The Future of Arbitrage" article in SBR for more details.

[DISTROYA]

ll check it out send me a link pls.

[Sawyer]

ll check it out send me a link pls.

http://www.sportsbookreview.com/foru...e-betting.html

[dantheman81]

I'm making good money with arbitrage betting but I must admit Arbitrage business is getting more challenging everyday (but still a very profitable business). As long you have access to profitable softbooks and Pinnacle&asians, you can make arbitrage in any part of the world. Pregame arbing is not easy these days, most arbers switched to live arbing but there's a serious risk level involved in live arbing.

Thank You Sawyer finally someone who is not all negative on the subject.

I am going to send you a personal message tomorrow but if you do not mind sharing with all of us what country do you live in now?

[dantheman81]

I live in states and and arbing is making me a very nice 2nd income. Hell some weekends I make more than my job. Was it as easy or profitable as 5-10 years ago? No, but I make a LOT more than $15/hr, especially during football season. The books are catching up sometimes it does backfire---their lines are not as off as before. I also notice a LOT more people are doing it (you can tell how quick an arb line evaporates, get stuck with small loss on quickly changed lines etc.) but those are casualties of war. Ive done this for almost 10 years now and still find holes where good profits are available. I have been limited/kicked out, but some books (to my amazement) continue to take my action. I will ride it as far as it goes. Live arbing is suicide, why even consider that when your window is like 5-10 seconds sometimes. But if your looking to do this with a small bankroll, its very tough to make it worthwhile.
If you do some research you can easily find which books are arbable and find their weaknesses. Of course you risk tying up a bunch of money offshore, then trying to explain to your wife your not gambling (good luck with that one) and always under the radar, and marked on the books blacklist. But again somehow have survived so far.

Thank you also Distroya

It is nice reading another positive post on the subject.

That you live in USA makes it even cooler.

I will send you a personal message tomorrow.

I know I will make near nothing with a small bankroll but I want the proof that it works and to learn how to actually do it myself with a pro like yourself or sawyer to help me I can do this.

Even if you get blacklisted or kicked out couldn't you just have a friend or family member open an account with the same bookie?

Do they at least allow you to withdraw your balance when it happens?

I have more question for you but I will message you personally tomorrow.

[Stockdale]

This will end in tears

[dantheman81]

This will end in tears

Go troll somewhere else

[relaaxx]

ridiculous - risking hundreds or thousands to win dollars. spending hours to check lines for peanuts. there is no way arbing is worth it in the US. not positive about other places but from the US it is a no brainer. don't waste your time. can't even move your money fast enough - if you can even get your money because you have to use some of the lower rated books - and all the fees now. books are starting to charge fees for deposits as well as withdrawals. and it is just going to get worse. if and until gambling is legal from the US you should be thinking about getting your money out not putting up a bankroll to try and arb. out of all the people who use to arb there is now a couple people who think it is worth it. taking a chance with having 300,000 in offshore gambling sites should tell you something. and if it tells you you should do it too. you are a fool. done even reading this thread. reminds me of reading an article in the enquirer and believing it. you know like a dozen bigfoots are alive and they have proof.i don't waste my time reading that type of print either.

[DISTROYA]

I beg to differ. Making a handsome amount arbing between 4 books in USA. And have no problems with payouts if you stick to the solid books. Arbing as I speak. Not risking anything thats the point. Hey, you wanna work for 10-20 an hour, get taxed and stress on weekends be my guest. This doesnt interfere with my day job, and easy enough its 2nd nature to me. But dont bash people that make a good amount doing something that doesnt affect or concern you. R-E-L-A-X relaaxx

[relaaxx]

could not help to come back to read the thread. i hope you are doing great arbing in 4 USA books. i don't believe it. but hope i'm wrong. why not help the guy out. tell him how you do this. how much he needs. how much time he will need at a computer. answer his questions. not in a public forum of course but help him out. would love to hear that he was able to accomplish what he wanted. i never said it can't be done. just not worth it. guess it also depends what someone thinks his time is worth. and it will keep getting worse. you must have noticed as the years go by it gets worse not better for offshore gambling from the US.

[Sawyer]

Guys, as an experienced arber, let me give you an advice. Discourage people about arbing and be a secretive, cagey person. Don't tell your arb secrets. There isn't enough fish in the sea. If everyone makes arbing, then your profits will reduce sooner or later. So don't try to prove anything, just say yea yea you right arbing in United States (or another country) is impossible, ignore people and keep doing your work. You can enjoy making 6-figures while other people keep thinking negative..

American arbers' biggest problem is Pinnacle restriction in United States. However, if you can access it via a broker service, then it's a great bonus. I can't imagine my arb work without Pinny. I don't say arbing with Pinny is impossible, but things would be harder without Pinnacle. Asians are also essential for soccer arbing. Sbobet, IBC. Big limits, very reliable books.

Btw, I noticed arbing is not popular in USA. Why? Because you love action so much, don't you? Haha. Good night my friends. God bless America and American Sports. I love NBA! No games scheduled on 12/23, relax yourself this wednesday.

[DISTROYA]

believe what you want i can care less.
I have no reason to lie. I do it, well, often, and its profitable.
Now will it exist 1,6,12,18 months from now? I dont know.
But for now it significantly impacts my income positively. Again believe what you want.
The reason I posted at all is because you are incorrectly assuming only insignificant amounts can be made. This is not the case.
Of course im not gonna reveal the books, lines etc. why the hell would I do that?

[Stockdale]

Go troll somewhere else

You know how much of a penetrate stick you look like only wanting to listen to people saying it's a good idea. You are in for a world of pain if you follow through with this which I will now thoroughly enjoy

[Stockdale]

For the record I arb myself but I have over 20 books with quite a few soft ones involved. I can make ok money but nothing life changing that it's the sort of hobby you could move country in pursuit of, that's penetrating ridiculous to even think about

[Sawyer]

For the record I arb myself but I have over 20 books with quite a few soft ones involved. I can make ok money but nothing life changing that it's the sort of hobby you could move country in pursuit of, that's penetrating ridiculous to even think about

Stockdale, sky is the limit in arbitrage trading. Some arbers make ok money while some arbers make more then 500,000$/year. Every arber has a different vision, different resources and different enviroment.

[Stockdale]

Stockdale, sky is the limit in arbitrage trading. Some arbers make ok money while some arbers make more then 500,000$/year. Every arber has a different vision, different resources and different enviroment.

Sorry no they don't. You will be limited or barred from many bookies long before you reach $500,000 lol. Unfortunately sky is not the limit and that's the problem

[Sawyer]

Sorry no they don't. You will be limited or barred from many bookies long before you reach $500,000 lol. Unfortunately sky is not the limit and that's the problem

Yes, we do. First of all, there's lots of bookies on earth, when you're limited in one bookie, switch to another book. Not to mention, you can open account for your friends or ask them to take your bets in order to bypass limit problem.

[Playon]

Yes, we do. First of all, there's lots of bookies on earth, when you're limited in one bookie, switch to another book. Not to mention, you can open account for your friends or ask them to take your bets in order to bypass limit problem.

Yes, and you are limited again after 2-5 bets. Then you have to find another friend and then another. Soon the whole city around you is limited and after all your country will be on restricted list. For example Betvictor has limited the whole world.

[Sawyer]

Yes, and you are limited again after 2-5 bets. Then you have to find another friend and then another. Soon the whole city around you is limited and after all your country will be on restricted list. For example Betvictor has limited the whole world.

Not really. If you act wise, you won't get limited after 2-3 bets. You can parlay your arbs and you can delay the limit process this way. Even when you're limited pregame, still you can have fresh limits in live betting. You can carry on by live arbing.

When you're limited pregame, live and parlay in Betvictor, you can switch to another book. There's more then 150+ bookmakers on earth. Don't be lazy and do your research. How arbitrage traders are still working? If things were like you said, they would be out of business right now.

[Playon]

One more problem that is faced today is that there are only one or two bookmarkers that are counting their odds by themself, all other just copy them. That is why we see a lot of similiar odds and very few arbsituations. For arbers solution might be to place bets when odds are dropping. But that doesnt work very well neither, because bookmarkers like 10Bet (lol) not only copy their odds but they also follow the lines of other bookmarker. In addition, there doesnts exist a necessary delay for arbers to place their bets, because copier follows line movements automatically. I go to Pinnacle and place a bet, then look oddscomparison and I see 10bet following that recently placed bet like a penetrating dog.

[jjgold]

It does not work anymore

Your wasting your time

Market has drastically changed

[dantheman81]

I made 2 posts and they both got deleted not by me hmmmmmmmmmmmmmmm.

Sawyer and Distroya I am not able to message you until I have 40 posts

[DISTROYA]

just make few more posts, I'll be happy to answer any questions, as this forum has helped me a lot. Get to 40 posts, just put some and then message me.

[dantheman81]

just make few more posts, I'll be happy to answer any questions, as this forum has helped me a lot. Get to 40 posts, just put some and then message me.

ok I will

[Sports Review]

I mean they put the odds not us.If they make a mistake that is on them not us.

Are you familiar with the term "palpable error" by any chance?

[dantheman81]

So I am moving to Michigan in a week or so and I believe it is an hour from Canada so I can find a way to do it in Canada to avoid restrictions.

Sawyer and Distroya I have a friend with money who I want to convince him to try this if I do all the "work" what do you suggest?

Does anyone know the tax laws in Canada?

Is it tax free like in England?

[dantheman81]

Are you familiar with the term "palpable error" by any chance?

I am not.

[Optional]

I am not.

It just means obvious error.

He is mentioning it because all books have a clause in their terms allowing them to cancel bets when there is an obvious error in the offered odds/spread

[Krashman]

Does anyone know the tax laws in Canada?

Gambling income is not reportable. It's tax free.

Arbitrage, strictly speaking is not gambling, so is required to be reported and is taxable.

[Krashman]

Forgot to mention, Canadian banks are required to report all bank account activity by Americans who own Canadian bank accounts to the US government so that they pay required US taxes on foreign income.

[JayZ]

Here is the information from the UK tax Business Income Manual. In summary betting is not considered a trade in itself, no matter how good you are at it.

BIM22017 - Meaning of trade: exceptions and alternatives: betting and gambling - the professional gambler

The fact that a taxpayer has a system by which they place their bets, or that they are sufficiently successful to earn a living by gambling does not make their activities a trade.
The case of Graham v Green [1925] 9TC309 concerned a man whose sole means of livelihood came from betting on horses at starting prices. Rowlatt J says at pages 313 and 314:
‘Now we come to betting, pure and simple… the man who bets with the bookmaker, and that is this case. These are mere bets. Each time he puts on his money, at whatever may be the starting price. I do not think he could be said to organise his effort in the same way as a bookmaker organises his. I do not think the subject matter from his point of view is susceptible of it. In effect all he is doing is just what a man does who is a skilful player at cards, who plays every day. He plays today and he plays tomorrow and he plays the next day and he is skilful on each of the three days, more skilful on the whole than the people with whom he plays, and he wins. But I do not think that you can find, in his case, any conception arising in which his individual operations can be said to be merged in the way that particular operations are merged in the conception of a trade. I think all you can say of that man ... is that he is addicted to betting. It is extremely difficult to express, but it seems to me that people would say he is addicted to betting, and could not say that his vocation is betting. The subject is involved in great difficulty of language, which I think represents great difficulty of thought. There is no tax on a habit. I do not think ”habitual” or even “systematic” fully describes what is essential in the phrase “trade, adventure, profession or vocation”.’


This shows that having expertise or being systematic (‘studying form’) is not enough to create a trade of being a ‘professional gambler’.
Some ‘professional gamblers’ do carry on a trade, for example, where they receive appearance money for appearing on television programmes. They are providing a service to a customer (the television production company) for reward. Whether their gambling winnings are proceeds of that trade would depend upon the facts.

[dantheman81]

It just means obvious error.

He is mentioning it because all books have a clause in their terms allowing them to cancel bets when there is an obvious error in the offered odds/spread

An arbitrage investor said you got to watch out for those but you can learn over time what they are through experience.

[dantheman81]

Gambling income is not reportable. It's tax free.

Arbitrage, strictly speaking is not gambling, so is required to be reported and is taxable.

So it is taxable even to born and raised Canadians?

It doesn't sound as the Canadians are so hardcore about taxes like here in USA.

[dantheman81]

Forgot to mention, Canadian banks are required to report all bank account activity by Americans who own Canadian bank accounts to the US government so that they pay required US taxes on foreign income.

I have heard of this to which is why some Americans quit being a citizens cause they tax you even when you stop living here.

My country is 2 greedy they want to make money off literally doing nothing as I see it.Correct me if I am wrong.