Does anyone know if Sports Arbitrage works?
Are there any risks? And how much money do you need to invest?
Yes Sports Arbitrage does work. But you won’t be able to compete with Las Vegas and other big online casinos. At least not on a large scale. Since you used the term sports arbitrage I assume that you already know how it works, if not add a note to you’re question and I’ll give you a more detailed explanation.
The only time that there are risks is when you have more people betting one team/player/etc then the other, and you take those bets anyway. When that happens you have to cover the extra bets that don’t have a counter-party. But when that happens technically you cease to become an arbitrageur, and you become a speculator.
As far as how much money you need to invest, well; you just need enough money to cover all of the bets that don’t have a counter-party until you can find someone to take the other side of the bet. If worse comes to worse, and you can’t find a counter-party and end up having to pay out on the bet, then; You’ll need that money as capital in order to absorb potential losses.
Does anyone know of a brokerage firm that allows you to participate in arbitrage?
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Yes Sports Arbitrage does work. But you won’t be able to compete with Las Vegas and other big online casinos. At least not on a large scale. Since you used the term sports arbitrage I assume that you already know how it works, if not add a note to you’re question and I’ll give you a more detailed explanation.
The only time that there are risks is when you have more people betting one team/player/etc then the other, and you take those bets anyway. When that happens you have to cover the extra bets that don’t have a counter-party. But when that happens technically you cease to become an arbitrageur, and you become a speculator.
As far as how much money you need to invest, well; you just need enough money to cover all of the bets that don’t have a counter-party until you can find someone to take the other side of the bet. If worse comes to worse, and you can’t find a counter-party and end up having to pay out on the bet, then; You’ll need that money as capital in order to absorb potential losses.
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I know about arbitrage because I’m graduating this semester with my bachelors in Finance and Applied Economics.
There is a good discussion about that at the betting forum here http://www.betting-forum.com/viewtopic.php?f=46&t=607
Its possible to win, but you need a lot of money.
References :