Surebets : Will transaction fees and ************ fees will eat up all my profits?

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  • tiagmath
    SBR Rookie
    • 06-17-14
    • 9

    #1
    Surebets : Will transaction fees and ************ fees will eat up all my profits?
    Sorry for the english. I am a newbie Surebets trader.

    Everyday I deposit money to my Neteller Account using my C Card. I have not yet withdraw money from the bookmakers because the balance is too low for the moment

    Neteller take 1.9% commission for deposit with Card and 10.5 Euros to withdraw money by Bank transfer.

    Using Rebelbetting Software everyday I find surebets that give between 0.5% and 2.5% profit.

    Do you think that the Surebets profits are too low ? Will the transactions fees and C Card fees will eat all my profits ? If I lose 1.9 % when I deposit and I place surebets that give 1% profit then I am in deficit, isn't it ?

    What are the best way to manage this ?

    Thank you
  • Martinr
    SBR Wise Guy
    • 07-08-13
    • 529

    #2
    Huh? I must be missing something here. Why keep depositing if you're winning? Two winning bets at 1% each and you've paid for the transaction fees.

    Step 1: Deposit €1,000. Pay €19 transaction fees. Balance €981.
    Step 2: Win 1% of €981. New balance €990.
    Step 3: Repeat Step 2. New balance €1,000.
    Step 4: Win 1% of new balance.
    Step 5, and all remaining Steps: Repeat from Step 4. Do Not Go Back To Step 1.
    ....
    ....
    Step 9,999: Withdraw funds and pay €10.50
    Step 10,000: Book balcony cabin on QE11 for next 10 years.
    Or just buy the fcuking ship.
    Last edited by Martinr; 06-18-14, 02:17 AM.
    Comment
    • jjgold
      SBR Aristocracy
      • 07-20-05
      • 388179

      #3
      Arbing is for losers

      Investing lots of money for small gains is real stupid

      A few mistakes which to happen and all your profits are gone


      Get banned from 90% of sports books also

      Dumb
      Comment
      • tiagmath
        SBR Rookie
        • 06-17-14
        • 9

        #4
        Thank you Martinr.

        Yeah I was thinking to do it this way, I just wanted to know others opinion.
        So to recap, you need to keep your money at the bookie to cover the transaction fees. After this you can withdraw.

        Do you really bet 1000 Euros and keep a lot of money in your bookie account? It is bit risky no? If your Account limited, money frozen...etc
        Comment
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