So, you’re interested in becoming
a Sports Arbitrage Trader?

First things first. There was originally nothing for sale on this site. My son-in-law set up this webspace for me a few years ago so that I could share and document my experiences of my retirement career as a sports arbitrage trader.

However, over this period, I have found that the site has been taking up more and more of my time, and so I have decided to try to make it “pay for itself”.

I started to write a journal of my progress after the first 3 months of trading. I found that there was just so much to learn and since a lot of this was by trial and error, the only way to build upon my mistakes was to write things down. I expect that many other traders will have had similar experiences, good and bad, and if you’re just about to start out, you’ll no doubt have them too.

I’ve recently updated & condensed my sports arbitrage journals into a ‘quick start-up guide’ and it is available here to download for free.

I’ve also researched the best advanced books on the market and I’ve listed them on the same page. I would recommend these without hesitation if you decide to pursue your sports arbitrage trading beyond the ‘research stage’. If you happen to buy them using my link, then I shall receive a commission for the sale; and in return I will send you my entire series of sports arbitrage video tutorials. You’ll find the details over here.

However, if none of that interests you, that’s fine too. Please continue to enjoy the rest of the site – it has a lot of information and I am not going to mention any of the above again so you are not going to be “sold to”

Okay, with all of that said, let me get back
to the original purpose of the site!

Despite what anyone tells you, arbitrage betting takes quite a bit of effort to get working and it’s not always plain sailing so I hope that you will be able to gain something from reading about my experiences.

Having said that, the profits are there for the taking, there’s no doubt about that.

My name is Alan Seymour. I’m 57 years old and, until late 2001, worked as a civil engineer in Essex. I took an early retirement and after a brief spell of looking for things to do with my time, found myself reading a direct mail letter about a risk free betting opportunity from a company that I had previously asked to send me their information on working from home.

I’ve never previously been interested in betting and probably would not have looked twice at the opportunity but for two happy coincidences. The first was that I had a hell of a lot of time on my hands and the second was that the company who sent me mailshot had some very skilled copywriters. Their letter, full of lines such as “make £650 a week, tax-free, without risking a penny to do it”, “no risk, no doubt, no losses. No anxious waiting. Just guaranteed profit, and lots of it” and “make a profit from 95% bets you place and break-even on the other 5%” intrigued me enough to send them £50 for the handbook and that was the start of my new career as a sports arbitrage trader.

Well, not quite.

Reading the book was interesting, but it was something else entirely to actually get started and even find a live arb, let alone make any money from it.

I could see that the theory made perfect sense, but actually applying it was not nearly as easy as the clever copywriters had made it seem.

It took me just under 3 months to really start getting to grips with the practicalities and in that time I only just managed to cover the cost of the book plus a bit more for the time I had spent (less than minimum wage, I might add).

Now, I’m not bitter about the copywriters or the way the book promised more than it delivered, because if it wasn’t for that company I may not have gotten involved at all. But I do think that anyone who is interested in trying to make money this way should be warned that it’s not as easy as some companies will have you believe and that, in a nutshell, is why I decided to put this website up.

I’ve also been quite meticulous with my accounts. This is of necessity because of the number of transactions that I’ve entered into, but it was also quite important to me to be able to know just how much my time was being valued at. Since the tax-man can’t claim anything of my earnings, I’m happy to share my results on this site.

198 Responses to “About”

  1. Paul B. Says:

    Hi Alan:

    I am a newbie to arb trading. I did not start yet but I am trying to learn as much as possible before I begin. I am from the United States. From my readings, I am hearing that it is difficult to make money in sports arbing from the United States because Pinnacle has refused to accept clients from the United states since January of 2007. Although there are other sportsbooks who are still accepting clients from the United States, Pinnacle was consider to be a big player in the market. Can you please comment. Given I am from the United States, do you still think it is possible for me to make some money with sports arbing?

  2. Leigh Says:

    Hi Allan:

    I have been doing some research in the arb trading and as you would know, most of the information is very negative towards it. I have been in talks with Cohen Strachan Investment with their Carbon A software and they say they have the only live feed available across their sportsbooks. Their price of 16K seems a bit rich and I have also noticed the are on your list of scams and cons to watch out for. I am a stay at home dad and would love to get involved in arb trading, but a little unsure where to start and if there are that many arbs around to trade daily on. Could you please give me some advice on software packages compared to going it alone or do you need both.


    • Hello Leigh

      Thanks very much for writing.

      Please read my comments about CSI over here.

      The best way for you to get into sports arbitrage in a way that will be fruitful for you and will give you the best chance of personal success is to do some real investigation (rather than just allow yourself to be sold to) because, at the end of the day, your success will depend on you.

      You should take up free trials at a number of services and compare them with each other. You’ll find that companies like CSI will do whatever they can to prevent you making any meaningful comparisons because that would expose their lies about the supposed quality of their data.

      All the best.
      Sincerely,
      Alan Seymour

  3. Sandy Says:

    Hi Alan

    I’m completely new to arbitrage trading.

    As I embark on this new venture, is the order of things firstly to scalp as much as possible bonus income from the bookmakers then to move into arbitrage trading as a separate activity, or are these activities combined?

    Is there a best step by step approach you can recommend? I intend initially to do research manually to underpin my learning process.


    • Dear Sandy,

      Thanks very much for writing.

      My recommendation would be that you first focus completely on scalping bookmaker bonuses, then switch your focus to practicing sports arbitrage trades and once you feel confident, start increasing your stakes and begin trading properly. From time to time you will receive new bonuses from bookmakers and you should, of course, take advantage of them when they appear.

      The reasons to focus on scalping the bonuses first are

      - the size of your bonus will often depend on the size of your first bet so in order to maximise the bonus you get you may need to place an initial bet that would be too high for your first arbitrage trade
      - scalping bonuses is relatively easy & unpressured. It’s a good lead-in to trading.
      - your initial sign-up bonuses can easily result in a total profit of €2000 – €3000, whilst your sports arbitrage training period will yield very little. So, hopefully, the profits you make whilst scalping will allow you to be more patient whilst you’re training yourself

      All the best.

      Sincerely,
      Alan Seymour

  4. Sandy Says:

    Hi Alan

    Can you explain to me the difference between free bets and deposit bonuses?

    Thanks

    Sandy


    • Dear Sandy,

      Thanks very much for writing.

      The key difference between the 2 is what happens when you win a bet using either a free bet or a deposit bonus sum.

      With the free bet, you will receive the winnings but you will not receive the stake back.
      With a deposit bonus, you will receive both the winnings and the stake.

      They are both profitable from a scalper’s point of view but the differences alter the way you calculate the stakes of a scalping trade.

      All the best.

      Sincerely,
      Alan Seymour

  5. sandy Says:

    Thanks for your prompt replies Alan which are much appreciated.

    One additional query I have relates to the source of freebets. Many are available over the internet, but are there regular newspaper/ other publications that give further freebet information?

    Regards

    Sandy


    • Dear Sandy,

      Thanks very much for writing.

      I don’t know of any regular offline publications with this type of information; in any case I’d expect such magazines/newspapers to be local so you’d probably need to search your local newsagents. In my opinion, offline sources are likely to be less up-to-date than online sources and less convenient to use.

      All the best.

      Sincerely,
      Alan Seymour

  6. Steve Says:

    Hi Alan,
    great site you have here. I have been demo trading currencies for a while with little success.
    Is it really possible to make a living from this or do the opportunities only appear to be there much the same as Forex scalping? I mean it all looks possible on the surface but is the reality that it’s extremely difficult to put into practice? I have the time and stake is all I really need a good arb provider and patience to succeed?
    Thanks in advance.
    Steve


    • Dear Steve,

      Thanks very much for writing.

      Despite initial appearances, sports arbitrage & forex trading have very little in common. As you have learnt, forex is fraught with risk & even if you get your direction right, if your timing is off then you’ll still lose money.

      With sports arbitrage, once you have got your process right, then trading just becomes a matter of repeating the process. You have to be able to do this quickly, as most trades expire within a few minutes, but this may seem like a snail’s pace compared to what you have experienced with your forex trading. With sports arbitrage, each time you execute a trade, you know in advance how much profit it will make. If you have decent sports arbitrage software then the trades you see on your screen will be real, not merely apparent.

      I wouldn’t say that it’s extremely difficult to put into practice; it requires common sense, patience & some perseverance to succeed. Of course some people do actually find that difficult to bring to the table. I think that it’s important to realise that sports arbitrage is not ‘investment’ or ‘a job’. With an investment, it’s just a matter of letting your money work for you; with a job you have a boss to tell you what to do and how to do it.

      Sports arbitrage trading is a business. You have to work at it everyday to make money & you have to be able & willing to work things out.

      All the best.

      Sincerely,
      Alan Seymour

  7. Steve Says:

    Hi Alen,
    1st of all thanks for the quick reply.
    I was a motor trader(note trader not salesman;-) in a previous life and understand the hard work any buisness needs to succeed but there’s an old saying that when something looks too good to be true it usually is….
    Obviously I can see the potential of the trades but from what I’ve read bookies are quick to catch on and stop or limit your activities especially if you are making large enough or enough bets to make it worthwhile. Is this true?
    Thanks again and kindest regards,
    Steve


    • Dear Steve,

      Thanks very much for writing.

      Some bookmakers do put up some obstacles; all successful traders have ways to get around the obstacles. Show me a worthwhile business which has no obstacles & which doesn’t reward those who a) are not put off by them and b) find ways to get around them…

      All the best.

      Sincerely,
      Alan Seymour

  8. Cory Says:

    Allan, I have placed over 100 Arbs now and have been fairly successful at it. I have made the usual mistakes and have been lucky a few times too. The biggest problem I am facing is finding good quality ARBS consistently and getting my speed up to where it needs to be.
    Where can I go to learn how to search for my own Arbs and also find idea’s on how to cut valuable seconds off of my speed?
    I Love your site!

    Cheers!

    Cory


    • Dear Cory,

      Thanks very much for writing.

      Once you’ve made the leap and decided that sports arbitrage is for you, it can be worth subscribing to multiple services to ensure that you always have plenty of arbs available. The only way for you to get your speed up is to practice! Just keep trading and pay attention to where in your process time is wasted. Then work to eliminate that waste. If you find certain elements are repeated often, then it will help if you find a way to standardise them.

      All the best.

      Sincerely,
      Alan Seymour

  9. Andrew Says:

    Hey Alan, i found out about Arbing just by luck of typing into google for easy ways to make money, then ended up doing the same as you by buying an E-book with the basics about Arbing, i started straight away and found out it wasnt as easy as the E-Book stated, but in the 1st 2 days i made a small profit of £15 with only staking £30 to begin with, which after much research i found that 15% profit in this trade seems to be brilliant, but after with lack of experience i started losing, by leaving bets open, and ended up being out of pocket by £13 which isnt alot.
    I’m now just doing paper based arbs working everything out manually, then checking back to see what i could have won if i had put a stake on it, all i need now is a piece of software like yours, (which by the way is AMAZING!) so would you be able to give a beginner with a bit of knowledge some info on the best way to get started and who built your software for you?


    • Dear Andrew,

      Thanks very much for writing.

      It sounds as though you’ve already made s decent start – just be sure not to turn your trading into gambling by leaving bets open!

      All the best.

      Sincerely,
      Alan Seymour

  10. Sam Says:

    Hi Alan,

    Will your 2010 figures be added soon?

    Sam

  11. Sam Says:

    Alan, thank you for the reply – much appreciated.

  12. Lennie Says:

    Hi Alan,

    I am new to arbing and I am considering trading very soon. I have a job, so it will be a part time venture however I won’t have a lot of capital to invest intially £500 or so.

    How much do you recommend I try to start with?

    Thanks ever so much in advance.

  13. Andre Almendra Says:

    Hi! I´m starting in this world researching and learning. Till now, my main question is this. Being a trader for full time, it´s suppose to wage large bets, as you do, of course. But bookmakers doesn´t restrict you? It´s all arounf the web people complyning bookmakers restrain users very often when they suspect is a trader. How you do that? Open new accounts when that happens? Where you find that many different identities to open new accounts when they restrict?

  14. Andre Almendra Says:

    Well, another question Alan.
    Is there any good service specialised in “back-lay” sure bets? I kind to like that more than the “back all” sure bet.

  15. Grega Says:

    Hi Alan,

    You said that you will update stats at the end of june, but I can only see empty table.
    I also wonder how many bookies do you use currently and can you send me a list. I read that recently it is getting increasingly harder to find good bookies since most UK bookies limits you even after 1 bet!

    Lp,
    Grega

  16. Steve Simon Says:

    Hi Alan

    As i have no experiance whatsoever with Bookmakers
    and don,t have a big bank to work with about 2k ,can u explain or recommend, a book or review, on how i can build my bank by scalping bookmakers bonuses i would not have a clue were to start.

    Steve

  17. Grega Says:

    Hi Alan,

    I can only see empty table for 2010 stats
    I also wonder how many bookies do you use currently and can you send me a list. I read that recently it is getting increasingly harder to find good bookies since most UK bookies limits you even after 1 bet!

    Lp,
    Grega


    • Dear Grega,

      Thanks very much for writing.

      I currently have accounts with 148 bookmakers, although I use only 90 of them regularly. The others are accounts I use either for occasional events which they cover or in emergencies as they carry similar odds to a few of the bookmakers included in my Top 90

      All the best.

      Sincerely,
      Alan Seymour

      • Grega Says:

        Don’t you think 50k assets is too small amount to supply 90 bookies (555 pounds on average) if you spend 600 pounds on average bet? How do you manage to supply all this accounts in time with enough money to bet?


      • Dear Grega,

        Thanks very much for writing.

        I think that you’ve made an incorrect assumption & probably misunderstood something in my accounts tables.

        I said that I use about 90 bookmakers actively; I didn’t say that I use them simultaneously. I can’t remember the last time that my accounts all had the same amount of money in them! The funds move around & excesses build up in some, with deficits in others.

        Until last year, my average total investment in a trade would be around the £600 mark. Last year it was around the £1000 mark and it’s currently about the same so far this year. The average total investment is the total amount that I place on a trade, not the size of each bet I place.

        Since all of my trades contain at least 2 bets, and many contain more than 2, the average bet size is considerably smaller than the total average investment. For example, if I place £1000 on a 1 x 2 soccer trade, my 3 bets might be for £250, £350 and £400.

        All the best.

        Sincerely,
        Alan Seymour

      • Grega Says:

        I read your manual again and now I understand that you use credit card or wallets to instantly supply money to bookie when you need it. Thank you for your help.

  18. Joe Says:

    Hello Alan,

    I am new into this arb trading but very keen to dive in and learn more. I already made some research but I have more questions and would be happy to discuss them with you through e-mail if you agree.
    Congratulation to the site! Very impressive!
    And thank you for opportunity to talk with a Pro.
    I am looking forward to our discussion.

    Best wishes,

    Joe

  19. Tony Allen Says:

    Hi Alan,

    Can you please tell me why you have http://www.csiarbitrage.com (Cohen Strachen Investments) as a scam. I have been looking at there program for sometime now. I have saved the money to purchase it and they have given me a gurantee on the lifetime of recieving arbs. They are a pty ltd aswell. I want to get started with it but seeing it on your website has scared me. What was your experience with them that has stopped you from using them or makes you beleive there a scam.

    Thanks Tony

  20. Dan Says:

    Hi Alan,

    Great site you have here. I can see your knowledge of arbing is very high and would like your advice if possible. I have been looking at placing 1 arb per day and I have 10k to start with. Would I have to place 2k per day as it takes 4-5 working days to withdraw winnings to my bank and have available to deposit into other bookies accounts, OR, place 1 arb at 10k and just do 5/6 arbs a month? Using 5 x 2k arbs rather than the 1 x 10k seems less risk incase I make a mistake. I have been looking at free arbs on the internet around the 3-4% mark. How much could I make per month using this process?

    Many Thanks

    Dan


    • Dear Dan,

      Thanks very much for writing.

      My average arb size is around £600, due to bookmaker limits. The average yield of my trades, including bonuses & cross market trades, is about 3.5%

      I doubt that you’ll be able to exceed this with any regularity – both of your scenarios sound rather unrealistic to me. I think that you’ll also find that the free arbs you’re basing your research on are usually not tradeable for one reason or another. If you decide to use a service for your trading, you will quickly find that you get what you pay for in this business.

      If just 1 arb per day is your fixed limit, then you will be looking at making £20 – £25 per day at best. You can increase this simply by placing more trades each day. To maximise your profits you need to turn over your capital as frequently as possible; as a guideline I and most of the professional traders with whom I am acquainted have found that it’s generally possible to do this once per week after taking into account the time it takes to move funds around. That generally equates to a monthly profit of 10% – 12% after costs.

      All the best.

      Sincerely,
      Alan Seymour

  21. Dan Says:

    Hi Alan,

    Thank you for your swift reply. I didn’t realise bookmakers set stake limits. I will place more arbs per day at around £500 and also pay for an arb alert service (could you suggest a good one).

    Many Thanks

    Dan


  22. [...] About January 2010 34 comments 3 [...]

  23. dave roberts Says:

    Hi Alan

    I started sports arbitrage several months ago but stopped as a couple of bookmakers contacted me and reduced the size of bets I could place.Both bookmakers said that they did not welcome arbitrage activity.How do you manage to avoid this problem ?


    • Dear Dave,

      Thanks very much for writing.

      If a bookmaker limits your account, there’s little you can do about it other than open a new account. Although some bookmakers act to prevent arb traders dealing with them, plenty of others have more relaxed attitudes so the issue shouldn’t prevent you from carrying on.

      All the best.

      Sincerely,
      Alan Seymour

  24. Tchalla Says:

    Hi Alan -

    Great site. Extremely helpful to those of us entering the business.

    Question. What is the smallest arb % return you will consistently consider when looking at arb opportunities and why? Example would you consider an arb of 1%

    Also, on average roughly how much of your ROI per month comes from simple ( 2 way/3 way) arbs? I assume that the remainder of your returns would then come from bonuses, currency gains and other kinds of arbs.

    Finally, how are you still able to take advantage of bonuses after so many years in the business? I had the impression – please correct – that bonuses are typically available for new accounts/customers. Given your time in the business not clear under those conditions how you are able to take advantage of this. Please clarify.

    Thanks again for such a great site.


    • Dear Tchalla,

      Thanks very much for writing.

      In general, I’ll trade anything down to 1% if I have funds in place at the bookmakers involved. It takes just a few seconds to make the trade so there’s no reason not to. In certain circumstances I’ll trade even smaller arbs – this is usually if I have a bonus sitting in one of the bookmakers involved and I want to try to trade it out. I suppose that about 40% of my profits these days come from simple arbs. It’s hard to say exactly because of the way I trade, sometimes a simple arb may be amalgamated into a cross-market trade when the market has moved.

      New account bonuses are paid just once – when you open your account. However, there are many bookmakers who pay ongoing reload bonuses at different times of the year.

      All the best.

      Sincerely,
      Alan Seymour

      • Tchalla Says:

        Thanks Alan for a very informative reply.

        I am just beginning my arbing career and I have a real concern about being limited by bookies. I don’t have the ability to open multiple accounts and I was hoping you can provide some guidance on how I can minimize the chances of being limited.

        Other than multiple accounts what steps can I take to avoid being limited.


      • Dear Tchalla,

        Thanks very much for writing.

        There is a decent brief article about this over here: When Do Bookmakers Limit Traders?

        The essential information from that link is that inexperienced/uninformed traders will usually make some fairly predictable mistakes:

        - they use too few bookmakers
        - they bet the maximum stakes
        - they make frequent withdrawals
        - they withdraw entire balances
        - they immediately start betting indiscriminately on any and all sports.

        All of these behaviour patterns indicate that the trader is not a normal gambler & it attracts the bookmakers’ attention.

        If you avoid these patterns, many of your accounts will last longer, however there is no guarantee that none will be limited.

        All the best.

        Sincerely,
        Alan Seymour

  25. alan norrish Says:

    Hi Alan i am seriously thinking of starting sports arb trading ive known about it fot some time now but havnt had the time to get organised but recently things have changed and i can now make plenty of time to trading.Ive been reading up on things over the last week or two and one thing i am not sure about after reading stats from arb alarm, is the amount of money you can reasonably expect to be able to place bets with bookies, for example all the figures i have read about have been based on £1000 to make say 3% but in the monthly report at arb alarm they are saying £300 each side of the bet £600 total so if you get the calculator to work out bets for say £1000 how do you know if bookies will accept these size of bets espcially if your a beginner.Regards Alan.


    • Dear Alan,

      Thanks very much for writing.

      I think that, in general, when you start placing bets larger than £400 you’re pushing your luck as a trader. Advice to keep bets at around £300-£350 is sensible & in most normal sports you’ll very rarely be stopped from betting such amounts. With a 2 way trade this implies a total stake of no more than £700 but with a 3 way trade the potential is for a total investment of £1050.

      All the best.

      Sincerely,
      Alan Seymour

  26. alan norrish Says:

    Thanks Alan for youe speedy reply i forgot to mention very interesting site and advice well worth sticking to.Regards Alan.

  27. eddie Says:

    Hi Alan i have been looking into sports arbitrage for a while now,work commitments being my “excuse” for not getting up and running. Just wondering what time scale you operate arbs in ? ie would you only consider acting on arbs that would finish during the same or next day ? or would you consider a 5% arb finishing in say 7 days time or longer ? Kind regards. Eddie


    • Dear Eddie,

      Thanks very much for writing.

      The majority of arbs I place settle within 6 days or less – for example soccer arbs which I trade on a Monday may not play out til the following Saturday. There are sometimes occasions where I’ll commit to longer range trades, especially if they offer the chance of a middle. The most obvious example of this is in the 6 or 7 month run up to the World Cup.

      All the best.

      Sincerely,
      Alan Seymour

  28. James Says:

    Hi Alan

    Amazing site Alan good work!!!! I am new to this and i’m currently reading up on sports arbitrage. My biggest question evolves around the scenario when you have already placed one bet and the other odds have changed in the mean time. What do you do here to minimise the loss? I know you use differing odds but perhaps you can kindly provide me with an example with figures of how I could minimise the loss by using another brokers odds? Hope this makes sense.

    Many Thanks


    • Dear James,

      Thanks very much for writing.

      It’s actually very simple. If you have missed a price then you should use an odds comparison site to find the next best price to trade with. Then you just replace the price of the bet you missed with this new price that you’re using and your calculator will tell you how much you need to bet at this new price to cover the trade.

      All the best.

      Sincerely,
      Alan Seymour

  29. Shano Says:

    Hi Alan

    Really good website!!! I once heard that ‘mastery’ in any field is only accessible through the teaching of others and clearly this is something you are pursuing.

    I am 20 years old and new to this and have two questions:

    1. I have been on the http://www.arbets.com site and in terms of ‘past results’ they display some 40% – 100% ROI arbs with durations of 15 mins+. Is this ROI too unrealistic for a single arb? The bookmakers involved were both very well known.

    2. My second question is based on whether its too risk for a newbie like me to bet ‘in-play’?

    Thanks again for such a brilliant website!!!

    Shano


    • Dear Shano,

      Thanks very much for writing.

      1. The ‘trades’ displayed on arbets.com are all very misleading. They are either the result of bookmaker errors or of markets being mixed incorrectly. In short, none of those can be traded.
      2. Yes, in-play arbing is very risky even for seasoned pros.

      All the best.

      Sincerely,
      Alan Seymour

  30. Tchalla Says:

    Hi Alan -

    Simple question I hope you can help me with.

    Per your recommendation I am bonus hunting right now.

    If I have a balance at a bookie that includes a bonus and I want to get the bonus and the funds out of the bookie do I

    1- Bet and Lay the bonus only and withdraw the balance of the funds?

    or

    2- Bet and Lay the entire balance and hopefully have the bookie lose and the exchange win.

    Alternatives?

    Want to avoid the newbee tendency of immediately withdraw winnings but having a balance at a bookie just sitting there does not do me too much good.

    Thanks for your help.

  31. cr Says:

    Hi Alan,

    Thanks for the great site. Alan, are there certain hours that are most fruitful, or is this business 24/7? Should I worry about this, or can one make it work with any schedule?

    Thanks

    cr


    • Dear CR ,

      Thanks very much for writing.

      There are certain hours which can be more fruitful than others, but there are also trading opportunities at all other times. I’m not checking for arbs 24/7 but from conversations I’ve had with traders from virtually every timezone I’ve concluded that it is more or less a 24/7 business, except in December when many sports stop for the holidays.

      All the best.

      Sincerely,
      Alan Seymour

  32. CR Says:

    Thanks Alan.

    That’s encouraging. On your website you mention that your favorite blog is sportsarbitrageforum.com. However, the site is barely alive, with most forums not updated since 2010, and no currently active threads at all. It seems like a ghost town, really. Do you have any other suggestions for more active forums (even if a bit less civil)? Nasty and alive is probably better than civil but dead ;-)

    Kind Regards,

    CR

  33. DG Says:

    Dear Alan,
    I am a newbee venturing into sports arbitrage. I am from India. My country does not allow me to do online betting from here. My question is can I use my sister’s account from London in this case. Will I have any problem with it? I mean do you need to call up the bookmakers often? Will I need to bother my sis frequently? Its a bit confusing. Could you please help on this. Thanks in advance.

    DG


    • Dear DG,

      Thanks very much for writing.

      You don’t have to call up the bookmakers very often but you will be accessing their websites constantly. If they don’t like to deal with people in India then your IP address will probably cause you problems.

      I think that you will need to do some research on how the bookmakers handle accounts in India & you can then work out a strategy from there.

      All the best.

      Sincerely,
      Alan Seymour

    • bab Says:

      hey dg iam from India too buddy currently in australia doing arb trade soon i will come to India buddy can you tell me is it possible to do trade from there use all book makers money bookers etc???cant we acess from internet conections like airtel,reliance,bsnl etc??plz reply expecting ur reply thanks

  34. george Says:

    Allan could you please tell me more about this new software called 100percent winners.It seems to be generating alot of buzz lately. The propriters of this software promise heaven on earth i.e they talk as if they are the pioneers of arbing software and my attempts to get any honest reviews from the net are futile coz its like every google search returns only postive reviews of this software. I did get a few negative reviews but large and by all the hype seems to throw hips of praise on this software whats worse is the chaps sell the damn thing for $149 and want to charge a monthly maintenace fee of $19.99. Is this thing a bunch of hype to con people or are they for real.

    Regards

  35. Joe Says:

    Allan, I was just wondering what was the best method for you to pick out arbs manually (by yourself)?
    I’m having a hard time understanding how you’d be able to find an potential arb by yourself, calculate the profit %, calculate your stake, and place a bet on that arb in an approximately 5 minutes or less (assuming that’s how long arbs tend to last on sportsbook).


    • Dear Joe,

      Thanks very much for writing.

      Finding arbs manually is no longer something that novices can do with ease or consistency. It used to be possible but software services find most obvious arbs much faster than any person can manually.
      The key to finding arbs manually is to look for more complex trades that most software cannot (yet) recognise. This takes a lot of experience & it’s not something I can possibly teach you here.

      All the best.

      Sincerely,
      Alan Seymour

  36. Joe Manquen Says:

    Sorry, I have another question. First, I’d like to tell you I’m a college student and therefore, have a very limited bankroll. I’m extremely interested in sports arbitrage and have been researching for about a month now. I don’t want to commit any funds to this until I have a plan on what I’m going to do to start. I just thought why not try it out early, then never. I’d like to start within the next month or so being we just got out of college for summer and knowing I’ll have some downtime to really start planning it all out.

    I would like to start out with $500-$1000 preferrably. I know this is very little and I won’t be able to make much profit in the beginning, but I just want to get started for now and build my capital very slowly. My questions to you is how much sportsbooks should I split the $500-$1000 into and what Surebet Alert Service would be the best to start out with (preferrably a cheap monthly fee)?

  37. Joseph Marffy Says:

    I like the look of your software. How do I get your videos?


    • Dear Joseph,

      Thanks very much for writing.

      If you buy the cross market trading books using the link on my site and send me a copy of the receipt, I’ll send you my videos in return.

      All the best.

      Sincerely,
      Alan Seymour

  38. Pauline Says:

    Have you heard of a site called “100% Winners”? They have been doing a lot of emails of late, very Americanised, although I think it comes out of the UK.It does not look professional at all.

    I am in Australia and did contact you once before but quite a few years back. I was stung to the tune of $4,000 by a company here, so did not pursue anything further after that, the company just went bust! The Trader Zone looks really good though, but you know the old saying of “once bitten twice shy”. So I’m not sure which way to go.

  39. John Says:

    Hi Alan

    I am a newbee venturing into sports arbitrage and I want to trie this out but I have some questions before I start. I whant to know is this sports arbitrage trading safe thing to do? I heard that there are bookmakers who do not allow arbitrage trading. And which software do you recomend for arbitrage trading?

    Thanks

  40. Dundee Says:

    Hi, Alen and thanks for this great resource.
    My question is, how do you manage the money from the bookmakers accounts? Do you have the same amount of money on every account, do you keep some money on your bank account to continuously fund bookmakers accounts that fall under a certain amount?
    Thank you again!


    • Dear Dundee,

      Thanks very much for writing.

      My funds are constantly on the move because of the trades I place. There is never a situation where I have the same amount in each account – that only happened when I first started trading years ago!
      I keep a balance of about 10%-20% in my online wallets so I can move money around efficiently.

      All the best.

      Sincerely,
      Alan Seymour

  41. Alan Says:

    I am in a pickle here. I want to start doing sports arbitrage but I don’t know how to manage my funds. With how many bookmakers should I sign in (and also fund my account), what to do if I finish funds from one account. Should I always have some money prepared to re-fund that account?

    Thank you!


    • Dear Alan,

      Thanks very much for writing.

      You should probably choose 20-25 bookmakers to start with and choose them on the basis of the bonuses they offer. Spend the first few weeks scalping those bonuses. After that, you can increase your portfolio & spread the funds among them. Keep about 10%-20% in your online wallets so you have some liquidity.

      All the best.

      Sincerely,
      Alan Seymour

  42. Isabelle Persin Says:

    Hello Alan

    I understand the theory of sport arbitrage, but to put it in practise seems more difficult. The key questions seem to be : which bookmakers and which arbitrage services shall I use?
    A good bookmaker for sport arbitrage seem to be a bookmaker offering good odds (so it is involved in many arbs) and not limiting too much stakes (in general, and for people they suspect to practise arbing).
    Is that possible for you to share the bookies and arbitrage services you use to get so big outcomes?

    Thanks in advance for your help!

    Best Regards

    Sincerely,
    Isabelle Persin


    • Dear Isabelle,

      Thanks very much for writing.

      I use my own software plus the TraderZone. You need to open accounts with a wide range of bookmakers – I use up to 90 at times.

      All the best.

      Sincerely,
      Alan Seymour

  43. Xavi Says:

    Hi Alan,

    your website, its really interesting, I from spain and im thinking to start in the arbing world, but ive got some questions:
    1- If you contract some arbs alarm why you “lost time” to find the arbs by yourself?
    2- If the bookies is going to limit your bets how you did to still arbing after 9 years?
    3- If you get limit in the bookies its better to do big amounts of bets to get the most profit or its better to do small ones to try to hide that im arber and get longer live in the bookie
    4- How much stake do you advice me to start in a fotball events (600€?)

    Sorry for my english and thanks to answer my dubts


    • Dear Xavi,

      Thanks very much for writing.

      1. Finding my own arbs can sometimes be more profitable than simpy working with ones found by services as there’s often the ability to stake more on the bets as there are fewer people chasing them.
      2. I’ve used multiple accounts & I spread my business among a large number of bookies.
      3. I don’t think that there is a rule! If you’re dealing with a bookmaker who is definitely going to limit you soon then you may as well bet as high as you can to make as much before the account becomes useless.
      4. If you’re just starting out then I advise you to use very small stakes until you know what you’re doing.

      All the best.

      Sincerely,
      Alan Seymour

  44. tchalla Says:

    Hello Alan -

    I have a question that I hope you can help me with.

    What is your estimate of the maximum a single trader can manage without the benefit of having multiple id’s? I am assuming that they are getting around 10% return/month on their funds.

    Thanks


    • Dear Tchalla,

      Thanks very much for writing.

      It’s hard to say as it depends on how much time and money is being put to use. 10% would be a nice target to aim for, I suppose.

      All the best.

      Sincerely,
      Alan Seymour

  45. Eric Knowles Says:

    Dear Alan

    Having opened a number of US, European, and Australian bookmaker accounts, I am now struggling to fund those that are not denominated in Sterling. I have a Citibank account with a Euro facility, but they have informed me that they will not allow transfers to gaming sites. As such, I am left with either transferring funds from my UK bank account or Moneybookers – the former will incur exchange rate costs, and the latter a transaction fee.

    Do you have any suggestions on how I could fund these non Sterling denominated accounts more efficiently?

    Many thanks

    Eric Knowles


  46. Hi Allan.
    I am Newbie. I have learned in order to successfully deal with sports arbitrage require the ARB alarm, and arbsuffer.
    But how things work, I need to register the addresses and then transfer money in each account. If so then this is a time consuming process ..
    And how many addresses I need to register.? and how to credit?
    when arbalarm finds arbitration and I am not registered in that addresses ,it woud be interesting .
    Thanks
    J.L


    • Dear Janis,

      Thanks very much for writing.

      I advise you to set up all of your accounts before starting any services etc. Get all of your preparations in order so you can start efficiently.

      All the best.

      Sincerely,
      Alan Seymour

  47. hervé Says:

    hi,

    l would like learn this work please ?

    could you help me please ?

    best regards,

    Hervé


    • Dear Herve,

      Thanks very much for writing.

      The best way for your to get started is to read this site and then take up a few free trials of services to get an idea of what is involved. If there’s anything specific I can help you with, please feel free to ask!

      All the best.

      Sincerely,
      Alan Seymour

  48. nigel Says:

    Hi thanks for a very informative site I am very interested in a professional future in arbitrage so far u can’t loose looks an amazing service do you have an opinion? Please advise thank you


    • Dear Nigel,

      Thanks very much for writing.

      My experience of ucantlose has not been great & I find their claims exagerrated & based upon unrealistic scenarios ( e.g. betting £1000 on their arbs)

      There’s no harm in free trial to see for yourself how it fits your needs.

      All the best.

      Sincerely,
      Alan Seymour

  49. valutakurser Says:

    Hi Alan,
    great site you have here. I have been demo trading currencies for a while with little success.
    Is it really possible to make a living from this or do the opportunities only appear to be there much the same as Forex scalping? I mean it all looks possible on the surface but is the reality that it’s extremely difficult to put into practice? I have the time and stake is all I really need a good arb provider and patience to succeed?
    Thanks in advance.

    Cille


    • Dear Cillie,

      Thanks very much for writing.

      Sports arbitrage works, trades generally last for a few minutes before prices are ironed out. The challenge is to develop your skills to execute the trades with speed & accuracy.
      A good service provider is important, the patience to learn & develop skills before jumping into trading is essential.

      All the best.

      Sincerely,
      Alan Seymour

  50. Rich Says:

    Hi Alan

    Like the site.

    After looking at your accounts one cannot help but be impressed. But it also begs the question how do you avoid getting banned by bookmakers? (I realize you must get asked this a lot) I don’t see how multiple accounts will work (if only bookies were that dumb) and wonder if you could elaborate? (but will understand if you don’t wish to)

    Thanks

    Rich


    • Dear Rich,

      Thanks very much for writing.

      It’s not possible to avoid being limited by bookmakers once they have made their decision. However, there are ways to work around them. The simplest is the use of multiple accounts but for most people, myself included, this is a finite resource.
      There are techniques that can be used to ensure continued profitability despite this. If you persevere with your trading & pay attention to things, I’m sure that you’ll work these out for yourself over time.

      All the best.

      Sincerely,
      Alan Seymour

  51. Carl Meaney Says:

    hi alan
    I’m about to give sports arbitrage trading a go but had a few questions and was wondering if you’d be kind enough to help me
    1) I was looking at your very impressive accounts page and was wondering, do you still have trouble placing bets whilst the odds are still at an arbitrage stage?
    2) how can you find out when the bookmakers limit your accounts, is it when you go to place the bet or do they give you notification or is it in terms and conditions
    3) and I’d like to start off easy with a £2000 bank, is this possible or would I have to keep swopping money about everyday, as I really only want to put on a couple of arbs a day if I could
    4) and finally, because I work all day, I’d only have time to place them in the evening, I notice you recommend sports arbitrage world, would I get at least two arbs consistently every evening in your experience?

    kind regards
    Carl


    • Dear Carl,

      Thanks very much for writing.

      It’s rare that I have trouble placing bets in time. That’s only because I’ve become extremely efficient after so much practice. You’ll find out if you’ve been limited when you try to place a bet & find that they’ll accept less than you are used to.
      You can start with £2k but it will be very difficult. If that’s all you have to start with then I’d recommend that you focus initially on scalping bookmaker bonuses. If you’re systematic about it, you could easily double your capital in a month.
      I actually place most of my trades in the early morning. However, there are usually plenty of trades around in the evening too. However, I think that lack of capital is going to be a more pressing issue for you than lack of arbs.

      All the best.

      Sincerely,
      Alan Seymour

  52. andres Bejarano Says:

    Hi Alan

    Can you tech me how find arbitrage opportunities manualy? i apreciet to much.

    Thanks

  53. andrew Says:

    Hi Alan,

    Very well laid out insight thank you. Could you expand a little more on getting limited by the bookmakers.

    How long or short a time can we expect. What limits can we expect. What patterns arethey looking for and can we advoid these

    thanks

    Andrew


    • Dear Andrew,

      Thanks very much for writing.

      There are no hard and fast rules and things vary for each person. The best thing to do, if you want to become a trader, is to start and then work out ways to adapt to the situations as they present themselves.

      All the best.

      Sincerely,
      Alan Seymour

  54. Ido Says:

    Hi Alan,
    First of all thanks for the article, it is really great.

    Thanks.

  55. Brent Says:

    Hi Allan,

    Great website, thanks for your advice to date. I am having some problems with various bookmakers limiting my bets. I have only just opened these accounts and have not provided any flags for them. Is there a list of recommended bookmakers that you could suggest? I would like to be investing about 200 Euros up to 500 Euros per game. Perhaps you have a list of accepts these bets and who to avoid also.

    Thanks again and Kind Regards
    Brent

  56. Colin Aspinall Says:

    Hi Alan, Have been studying arbing for a while now and have found all your advice invaluable. My big concern going forward is the bookmakers limiting or closing my accounts. I know you mentioned that you use your son in laws name and no doubt other names to but dont these accounts also get limited and shutdown – judging from your accounts surely if you are making that sort of profit then you will constantly have your accounts closed.


    • Dear Colin,

      Thanks very much for writing.

      Limits on accounts vary for each person. The best thing to do, if you want to become a trader, is to start and then work out ways to adapt to the situations as they present themselves.

      All the best.

      Sincerely,
      Alan Seymour

  57. Alister Says:

    Hi Alan,

    Thanks for your fantastic site, a great first-hand resource in the exciting world of Sports Arb, to which I am brand new. I have a couple of quick questions, to which I would greatly appreciate your views, as I’m sure many new-bies would too:

    1) Have you ever had any issues with bookmakers either cancelling bets after you have won, or worse, refusing to allow you to withdraw funds? (I have read some horror stories)
    2) Do you prefer to use bookies or exchanges, or do you have no preference?
    3) What is the min % Arb you would engage in?
    4) I noticed you source many arbs yourself (without the use of eg ArbAlert), what software do you use to scan the bookies?

    Thanks so much for sharing your knowledge, it is much appreciated. I sincerely apologise if I’m repeating questions of others, I did read through many, but didn’t notice these.

    Regards, Alister


    • Dear Alister,

      Thanks very much for writing.

      1. I’ve had a few cancellations over the years, due to bookmaker pricing errors, but the overall costs have been negligible as I always hedged immediately upon finding out about them. I’ve never been refused a withdrawal, but I did lose about £1000 when Luvbet went bust about 10 years ago.

      2. I use bookmakers and exchanges whenever each is appropriate; I don’t have a general preference, each is more useful than the other in specific cases.

      3. It varies according to where my money is, what bonuses I have pending and what’s going on in the market. I’d execute a trade with 0% or even negative profit if it allowed me to liberate a large bonus, for example.

      4. I use my own software plus manual search techniques for arbs that are too obscure for software to find reliably.

      All the best.

      Sincerely,
      Alan Seymour

  58. Allan Says:

    Dear Alan,
    Sorry for my english. I’m a newbie. I have noticed that with some bookmaker you have to wager your entire deposit before you can make a withdraw. I fouind this very risky in the case you deposit a large amount and that you don’t found any arbs with the bookmaker. So what do you do in this case ?

    Thank you,
    Allan

  59. stan ryan Says:

    hi alan, how would it be possible to use multiple accounts with the same bookmaker to overcome being limited if they require id from you? thanks in advance.

  60. Alexander Dominguez Says:

    Hi Alan !
    What’s your opinion about Rebell Betting ? Seems to be a good arb service. Which bookies in your opinion offer the highest number of arb oportunities….such that you really can bet on ? Do you know any statistics for it ? I know that certain bookies like to limit pro betters. Does it often happen to you that certain bookies limit you ?
    Thanks for your news……all the best !
    Alex


    • Dear Alexander,

      Thanks very much for writing.

      I think that RebelBetting is nice to look at and quite tempting for beginners. However, they have a very limited amount of bookmakers and tend to focus on those which limit very quickly. It’s not something that I would use.

      All the best.

      Sincerely,
      Alan Seymour

  61. Anon Says:

    Hey Alan,

    Great website and posts etc..

    I think the bookies are getting wise to this. I’ve just set up a dozen bookmakers accounts and within a week been banned from Stan James (4 days would you believe!) and BetVictor.

    Some great opportunities out there though and will continue to trade away until I get barred from all bookies accounts.


    • Dear Nigel,

      Thanks very much for writing.

      Stan James & BetVictor are fairly well-known for limiting or banning any customers that they think are not ‘mug punters’. There are plenty of other bookmakers to trade with.

      All the best.

      Sincerely,
      Alan Seymour

  62. Samjai Says:

    hi Alan very nice to meet u ..after nine years u still doing this sports arbitrage to earn decent money ??? and some of the bookmaker site require us to bet 5 times in order to get the bonuses , so should i keep doing two side bet for 5 times to achieve the bonuses?? do u think if i put hard work to it will i able to success in the region in canada…thanx for ur reply }


    • Dear Samjal,

      Thanks very much for writing.

      When scalping bonuses it isn’t necessary that every bookmaker in the trade has given you a bonus. I generally try to scalp just one bonus per trade.

      I don’t know of any reasons that you may not be able to trade from Canada.

      All the best.

      Sincerely,
      Alan Seymour

  63. Chris Says:

    hi there, either you r dead or i dont know how to contact you.

    Please send me an email to establish contact.

    medoshmaker@hotmail.co.uk my name is chris

  64. Julie Says:

    Hello Alan, Why are these companies which rip people off still registered and in business to date? Hasn’t anybody investigated these businesses practices yet and get them out of business before ripping more people off?


    • Dear Julie,

      Thanks very much for writing.

      They get away with it for so long because they tend to ‘fly under the radar’ and as soon as they gather enough bad publicity they close down and start again with new names. That’s the main reason I set up the scam section on my blog so that people at least have a chance to become aware of the potential dangers before they are dazzled by these swindlers.

      All the best.

      Sincerely,
      Alan Seymour

  65. Peter Says:

    I discovered sportd arbitrage after LTC contacted me…. I liked what they showed me. POD trading didn’t show much on line… then I read that it is a recooked term to keep them fresh new idea… been reading everything about arbs for the last couple of nights (NZ) head spinning but clear that it is the real deal and probably best to use the various free demo or basic monthly programs to get conversant with it and the different companies features and advantages /disadvantages? never made a bet in my life..(64years old) looking for something interesting (& profitable) to do when I retire in a few years… it looks great in that it is so portable and a do anytime activity.. do most of the programs in these Arb companies offer similar features to the LTC program? or what I saw of it in the online demo. they use Skrill as the banking facility? I see they (skrill) are offering some bonus at the moment. Others say paypal does it? I gather the more bookies the better in whichever program I choose?

  66. Roy Says:

    Hi Alan,

    Great Site. I was recently contacted by a dodgy Australian based company trying to flog (sell) there ‘Contingency Trading’ software (Arbitrage basically) for around $16k.

    What they told me though had me doing a lot of research the last few days.

    I am interested in the concept that is for sure. I probably can invest up to $5-10k if required. This is money I would use to bet that is (not give $16k away to someone)…. as per warnings I have learnt from your great site.

    Anyways, noting I am from Australia – is there any additional risk if I use my VISA card and open accounts only UK book-makers? Risk as in I cannot withdraw my monies (or transfer in/out of) – as I need to balance funds.

    Also – (and finally), is it mandatory to have to use arbitrage software as I can see alot of sites that show the highs of both (player1/player) or (win/draw/lose) and they show the % return. (plus I have my own spreadsheet calculator).

    Ideally wanting to know the best approach for an Aussie down-under. Cheers

    Roy


    • Dear Roy,

      Thanks very much for writing.

      Well done on avoiding the scam of ‘Contingency Trading’.

      I don’t think that you can use Visa with bookmakers these days – most only accept Mastercard. You’ll be better off using an online wallet such as Moneybookers for your transactions.

      Arbitrage software is not mandatory; however there is more to it than simply calculating the percentages! Try finding some arbs manually for a while and you’ll be able to decide for yourself whether software will be helpful :)

      All the best.

      Sincerely,
      Alan Seymour

  67. Karl F. Loucks II Says:

    Alan : I have read your comments regarding sports arbitrage with great interest . You obviously qualify as an expert on the subject .
    As an American , I have come to the conclusion that it is , for practical purposes, impossible to participate in this activity .(I have noticed that many Americans have asked you about this, and your carefully -worded responses basically agree with my position on this point .)
    So, I have decided to move to the UK and “set up shop” there . As an entrepreneur who has done business in the UK for twelve years, I am no stranger to London and Milton Keynes . My goal is to attract some people to invest money in a “pool” which I hope to establish for sports arbitrage . What is your opinion of such a venture ?
    Before you answer, please be advised that I am aware of the potential danger of the situation disintegrating into a Ponzi scheme . However, it is my opinion, as a financial and insurance professional, that, if the proper safeguards are observed, such a problem could be avoided .
    I look forward to hearing your thoughts . Best regar4ds, Karl


    • Dear Karl,

      Thanks very much for writing.

      I personally know of a few US-based traders who have emailed me over the years so I know it’s possible.

      However, I have no first-hand knowledge of trading from within the US, just that there are laws there which restrict you from using bookmaker websites. This obviously makes it much more difficult to trade than in the UK but not impossible. Whether or not the workarounds are practical will depend on your own circumstances.

      It sounds as though you plan to set up a trading fund without any first-hand experience of trading. This sets off alarm bells immediately.

      Unless you first acquire at least a few years of hands-on experience you’ll need to hire someone who has both extensive practical trading experience and the ability/vision to manage and/or attract more traders as the pool grows in size. Good luck with that.

      All the best.

      Sincerely,
      Alan Seymour

      • Karl F. Loucks II Says:

        Dear Alan : Many thanks for your prompt response to my query regarding establishing myself in the UK and setting up a pool of investors for sports arbitrage . My background includes twenty years’ experience trading American securities and derivatives (stock options ) . In the course of doing that , I traded stock options and commodity futures and obtained a FINRA license as a Registered Options Principal (tantamount to a “Ph.D” in trading derivatives) . So, I think I have adequate preparation for the sports arbitrage discipline .
        I would like to identify a person who, as you say, would be in a position to help me manage the trading while I attract a few investors to the pool . I am willing to start modestly and proceed in a cautious manner . I have an accountant in Milton Keynes . Perhaps you can suggest/recommend one of your colleagues with whom I could begin a dialogue to further my project . As a professional, I would treat any communications with you confidentially , of course . If you would like to discuss via phone, I would be happy to do so at your convenience .
        So, I am in fact serious about this project . I look forward to hearing any suggestions you have, Alan, and will treat them in a completely confidential manner . Best regards, Karl F. Loucks II


      • Dear Karl,

        Thanks very much for writing.

        With all due respect, your statement is analogous to a lawyer claiming that he’s ready to work as a police officer simply because he has a law degree & has seen the law in action during his time in court.

        If you haven’t placed any sports arbitrage trades then you have no relevant experience. Your financial trading experience & qualifications will count for nothing in sports arbitrage. In fact, it appears that they may even be a hinderance in your case if you continue to hang on to the belief that they somehow prepare you for it.

        Since you and your associates have no direct experience of sports arbitrage trading, if you were to take money from people with the promise of returning risk-free profits from sports arbitrage trading, it would be hard to distinguish this from fraud, wouldn’t you agree?

        As I said in my previous message, unless you first acquire at least a few years of hands-on experience you’ll need to hire someone who has both extensive practical trading experience and the ability/vision to manage and/or attract more traders as the pool grows in size. Until you do that, your ideas cannot be taken seriously, regardless of your intent.

        All the best.

        Sincerely,
        Alan Seymour


  68. Hello Allan,

    Is there any chance I can get inside your arb mind for 2013 :)

    My questions relates to exchange rates fees.

    I did see the information I require replied in one of your posts from another poster but I cannot seem to find it again.

    Q. Im in Australia and wanted to sports arb trade world wide but wanted a way to kep my excange rate fees down when trading.

    Do you remember where this information was replied to in your posts? Or do you have a method I can use?

    Regards,
    Peter

  69. Callum Says:

    Hi Alan,

    First I should compliment you on your site, it’s an excellent resource for anyone interested in Sports Arbitrage and being a beginner, it has become my first port of call.

    I’m yet to sign up for any software and am looking for arb opportunities myself before I consider if paying for software is right for me.

    The specific question I would like to ask is with respect to the bonus/sign-up bets. Do you have any tips to maximise the profit from these without using software or is it all about experience and noticing the best opportunities? I’ve successfully used two so far (totally £20) and yet have made only around £13.50. I can’t help bout feel I’ve wasted ~33% of potential profit on these. Tips here would be greatly appreciated.

    Thanks again for your excellent and in depth Sports Arb journal.

    Warm regards,
    Callum.


    • Dear Callum,

      Thanks very much for writing.

      It’s difficult to extract full value without software but you can get close if you use odds-comparison sites as well as manually checking prices on your group of bookmakers. It’s time-consuming and the free odds-comp sites are often slightly out of date. However, since you’re really just looking for break-even trades rather than actual arbs, they can suffice.

      There are enough break-even trades out there for you not to have to give up as much profit as you have with your first two trades.

      All the best.

      Sincerely,
      Alan Seymour

  70. James A Says:

    Hi Alan,

    I’ve been reading up on arbitrage for the last few weeks and I grasp the concept of it but I only have £1000 to start with. Do you think this amount is large enough to get me started? Also, is there a subscription charge to pay sportsarbitrage world once you’ve bought their software?

    Many Thanks
    James


    • Dear James,

      Thanks very much for writing.

      I don’t think that £1000 is enough to get started as a sports arbitrage trader. However, you could start bonus scalping to grow your capital.
      There are some pointers on bonus scalping over here

      Sports Arbitrage World does charge a subscription for their live data service but I don’t think you are in a position to use this at the moment as you first need to build your trading capital.

      All the best.

      Sincerely,
      Alan Seymour

  71. Filippos Says:

    Dear Alan Seymour,

    I have read all of the previous posts and I hope I do not repeat anything here. As my first experience with sports arbitrage I used Rebelbetting for two months and I was very glad with the results. After that period bookmakers started to limit me, although I tried to take the necessary cautions, down to 50 or even 3 euros some of them and at the same time the bookmakers that I was allowed to use and were still cooperating with Rebelbetting went down to 12 because of the new legislations of Greece. So now, after trying the Sport Arbitrage World (SAW) software I have some questions for you:

    1. As I saw in the trial version, SAW offers a lot of arbs but a lot of them are to be avoided due to CAUTION and only some of them go up to 3-4% and then again (if I am not mistaken) the player has to go find manually the relevant arbitrage which takes up valuable time while Rebelbetting does this automatically.

    2. Is there a difference between Rebelbetting and your own software? If yes then what is that?

    3. Is scalping for reasons of bonus abuse a manual job or it can somehow be made automatic?

    As I continue reading your work my questions will become shorter! Congratulations for your work and your patience!

    Best regards,

    Filippos


    • Dear Filippos,

      Thanks very much for writing.

      1. The label ‘caution’ actually only has relevance once you’ve set up your reliability filters. It’s an attempt to highlight trades which may be created by bookmaker errors but it doesn’t necessarily mean that there’s anything wrong with the trade.

      Their system opens the bookmaker sites at the homepage, it doesn’t find the bets for you. In my personal opinion, if you don’t develop the skill and speed to find your own bets then as soon as your accounts with the small list of RB bookmakers deteriorate, you’ll be stuck with the skill-level of an amateur.

      2. My software scans over 100 bookmakers vs RB’s 20-30. It doesn’t open the bookmaker bet pages.

      3. Finding suitable bets for scalping can be automated (it is in SAW’s software). I haven’t seen any software yet that can be relied to place the best automatically.

      All the best.

      Sincerely,
      Alan Seymour

  72. Filippos Says:

    Dear Alan,

    while trying to find the best bonuses in the market I spotted TheGreek! What is your opinion about this company? They are operating only through telephone which is weird but they offer extreme bonuses as it seems. Do you know if there is a cach here appart from their method’s inconvenience?

    Thanks a lot!

    Filippos


    • Dear Filippos,

      Thanks very much for writing.

      The Greek operates a website as well as phone betting. They have always been extremely reliable over the 12 or 13 years that I’ve used them.

      All the best.

      Sincerely,
      Alan Seymour

  73. Charles A. Says:

    Hi Alan,
    I really like your advice and help for newbies. I learnt about it in a seminar. I was taught using arbets.com . The catch is, it looks too good when i see the past result column with arbs as high as 60%.
    Questions:
    1. Is arbets reliable?
    2. If an arb occurs and i get the alert, how long can it stay before changing.
    3.Will i be informed of the match time( arb alarm time-match time.)?
    Charles A.


    • Dear Charles,

      Thanks very much for writing.

      The past results are completely misleading. The average legitimate arb would have a headline profit of 2%-4%. Those double-digit trades they display are errors which they allow to inflate their stats, for obvious reasons.

      Arbs generally last no more than a few minutes, you have to be quick to catch them.

      All the best.

      Sincerely,
      Alan Seymour

  74. Harry Says:

    Hi Alan,

    Some time ago I was approached by LTC SERVICES in Melbourne, they were offering a very interesting investment called POD trading and were very persuasive.
    The package was quite expensive and couldn’t quite afford it at the time but I have been saving for something similar ever since as they were right at the end of there campaign at the time.

    I now am in a position to take something up and looking back at LTC it seems a good thing I wasn’t able to go with them originally as they now look as if they are some kind of a scam job.

    A friend of mine has recently been approached by something that sounds almost identical but they call it something different. I am still interested in this style of trading and can see how it could work but don’t want to get mixed up with the wrong crowd…

    Have you ever heard anything about SANSAR CONNECT or there reciprocal trading?? there website is

    I would appreciate any advice on them or if anyone that reads this blog has any info it would be appreciated aslo??

    Is it possible to find a good company that follows through with there promises or are they all scams???

    Thanks

    Harry


    • Dear Harry,

      Thanks very much for writing.

      This has all the hallmarks of similar scams that have been well-documented. My advice would be to exercise extreme caution.

      Genuine companies exist. They tend to offer monthly subscriptions, not insist on huge upfront payments.

      All the best.

      Sincerely,
      Alan Seymour

      • harry halt Says:

        Hi Alan,

        Thanks for the reply.

        Is it all just sports arb or are there actualy big differences in the techology of reciprocal trading as the salesman at sansar connect suggest??

        It dose seem a bit fishy that they just so happen to be at the end of the campaign everytime they call you… they actually told us they were done and then called back with another licence a week or so later….

        If there system was infact so good do you think they should offer a free trial?? Why all the pressure?? All I want to know is that I can make the money in the way they explained without risking to loose almost 20k for their software to find out!

        There is another webite like yours hosted by someone called Ryan Walker but he only deals with “Reciprocal trading” and he seems to think that you should pay 20-30k for a good system and no less then 10k upfront… what are your thoughts on this character?? Is what he saying correct,, he dosnt sell systems so whats in it for him to say that?? Could he be working with these companies??

        Sorry for all the questions, im interested to trade but im feeling uneasy about it so far….

        Thanks.

        Harry.


      • Dear Harry,

        Thanks very much for writing.

        The reason that they use names like ‘reciprocal trading’, ‘difference trading’ and other variations are so that they have some control over what you see if you do a google search. If they used the term that is accepted and used by the entire legitimate industry i.e ‘sports arbitrage’ then they’d have no way to explain the difference in price and sales tactics that they use compared to other sports arbitrage companies.

        I would be willing to bet that ‘Ryan Walker’ is a creation of these companies or on their payroll.

        With all due respect, Harry, I suggest that you apply some common-sense to this situation. You would not spend $30k on a car without a test-drive, why on earth are you even considering spending that amount on software without a free trial?

        Ultimately, the decision is yours. However, if you take the time to read some of the stories posted by people here, you may realise that you’re being persuaded by exactly the same tactics that they all fell for before they gave away significant sums of their money with no chance of it ever being returned.

        All the best.

        Sincerely,
        Alan Seymour

  75. Basti Says:

    Dear Alan,

    i read the complete page with all comments so far – and now I am very interested to start trading.

    I am in a lucky position that i have first the time and second the initial capital (25k USD) … but i am still a newbie – thats why i mark all the relevant stuff and save it for me.

    first: i have a really long list of question and i would be greatful if i can send you e-mails directly

    but here are my first initial questions for getting started.

    1) i am from germany, but i am ex-pat and live now in thailand. i don`t know the laws exactly (i only know thats gambling is not allowed in thailand)

    2) i would like to use only the SAW service. is it possible to get the 5-8% a moth if i only use them ?

    3) i see many comments that u are using your own software. i don`t want to fall into scammer`s hands. i have many expierence in forex trading so far – so i can imagine how many scammers would be part of sports arbitrage too.. Do you have any suggestions where i can find nearly similar good software like your own – or is the software package of SAW good enough too?

    4) what would be better: open 30 bookmaker accounts with ~650 USD or better 45 bookmaker accounts with ~450USD?

    5) I would wake up 3am or 4am your time – do you know if it`s possible to find good arbs at this time too ?

    I have many many questions more and how i say before: If it would be possible to chat (skype) or e-mailìng with you it would be awesome.


    • Dear Basti,

      Thanks very much for writing.

      1. As far as I am aware, Thailand blocks access to bookmakers. In any case I would suggest that you find out the exact nature of the law in the country where you reside.

      2. Yes, that would possible

      3. I suggest that you start with one service and adapt over time.

      4. 45 x $450

      5. There are often a lot of good trades very early in the morning. Sporting events move around the globe over the year and into different timezones. This affects the times that new prices are posted and, therefore, the times that most arbs appear.

      All the best.

      Sincerely,
      Alan Seymour

  76. Derek Says:

    Hi Alan

    I am not actively trading yet but using arbalarm software and practicing locating the bets on the bookmakers sites (which seems the hardest part). What I am finding is that nearly all arbs above 2% show up as caution or suspicious. I have all the settings on default. Do you have your own settings or check out the suspicous and caution arbs to see if they are correct?

    Rgds

    Derek


    • Dear Derek,

      Thanks very much for writing.

      My understanding of the reliability labels is that they are by no means definitive and serve mainly to draw the eye to possible issues. That’s how I use them.

      All the best.

      Sincerely,
      Alan Seymour

  77. Dan Says:

    Hi Alan

    I have known about arbitrage for a couple of years now and have finally found myself in a job where I spend 8 hours plus per day at the pc with only around 1 hours work to do, as well as a bit of money to play with. Given my seemingly ideal scenario for arbitrage I was wondering if you could offer me some advice.

    I intend to open a new bank account today to best separate the funds and to hopefully maximise the initial bonus scalping. I currently intend to deposit £5000 into this account, more could be made available, but as I am new to this and as I can hopefully significantly boost this quickly through bonuses, I think this will suffice to start with, do you agree?

    After reading your extensive advice as well as other sources on the internet, it seems that using software to locate arbs is the way forward. Whilst I am aware you have your own software and are not licensing this out, I was wondering if you have any experience with any commercial software out there and could provide a recommendation. Surebet and Arbalarm are currently my front runners, with Arbalarm edging it through the free 14 day trial I have found.

    I have found websites which indicate where the bonuses lie, and they are quoting figures such as 1800eu available from freebets, 5500usd from deposit bonuses and 3300usd per month available from reload bonuses. Do you think this is vaguely realistic and would my £5000 initial stake be sufficient to maximise this opportunity?

    Once the initial period of scalping is over, assuming i purchase one of the pieces of software I mentioned or that you recommend and I am able to spend around 6 hours per day arbing, can you see any reason I am not likely to make 10% per month like you, or is something more like 5% more likely?

    One last question, and thank you so much for your time – I am left slightly perplexed as to the whole moneybookers involvement. Is this necessary, and if so what is the added value in using them as an intermediary over simply depositing/withdrawing from a bank account?

    Many many thanks

    Dan


    • Dear Dan,

      Thanks very much for writing.

      It’s a good idea to start with bonus-scalping – this will give you some good experience of placing multiple bets with less pressure than is involved in arbitrage trading. The bonus figures you quote seem realistic if you squeeze out everything you can, but in practice you will probably find that this is difficult and realistic expectations are around 50%-60% of what you quote. Note that reload bonuses are only going to be available to you if you a) have the capital to deposit and b) are able to trade out the majority of it before the next reload. This will be very difficult at the start of your trading but will get easier as your activity picks up.

      Making 10% per month is possible but perhaps a little over-ambitious for your first few months after you’ve completed the majority of your bonus-scalping.

      Moneybookers offers a fast way to transfer funds between bookmakers. If you use a bank account, whilst deposits to the bookmaker will be instant, withdrawals will take a few days to complete. With Moneybookers, it is usually instant.

      All the best.

      Sincerely,
      Alan Seymour

  78. Lazaros Says:

    Dear Alan,
    Hope my writtings find you and your family well. First of all forgive my english. I come from Cyprus i am 39. I was considering sure betting in the past, but I let it go since my business here were flourishing. Now i am considering arbitrading again, since as you may know, economy here is sinking and i have a lot of free time in the office (travel agent). I had a look at 2 providers, rebelbetting (uk) and sports arbitrage world (us). Which one do you consider the best?

    Thanks,
    Lazaros


    • Dear Lazaros,

      Thanks very much for writing.

      I’ve used sports arbitrage world for a long time and I’ve always had very good results. It’s a professional tool.
      I’ve played with RebelBetting in the past; it’s nice to use but the limited bookmaker set makes it much less useful. I expect that most people who start with RebelBetting find themselves limited very quickly.

      At the end of the day, it is up to you to try them both and see which suits you. It doesn’t have to be a fixed choice – many traders I know move from one service to another, or use several concurrently.

      Having said that, I know that sports arbitrage world has a tremendously good value offer this weekend – 15 months for £149. It’s usually that much for a single month! If you know that you will be starting to trade anytime in the next year, you should take advantage of that offer.

      All the best.

      Sincerely,
      Alan Seymour

  79. Daniel Says:

    Hi Alan,

    Firstly congratulations on your success in this business. I am looking into starting soon but obviously don’t want to rush in with arbitrage services straight away (until I can completely get my head around everything).

    My question is, I can see from your trading accounts that you used to use zero-risk arbitrage services and switched to sporting. Is there any reason for this & which do you reccomend?

    Also (sorry) I will be starting with 20k and am bamboozled by which bookies and how much to distribute between them?

    Thanks for all your hard work on this site, a true breath of fresh air for people looking to get into the trade!

    Daniel
    Essex UK


    • Dear Daniel,

      Thanks very much for writing.

      Some years ago, zero-risk-arbitrage rebranded as sports arbitrage world. I didn’t switch services, they just changed their name.

      You’ve got a decent capital base and I recommend that before you start thinking about deploying it, you step back and gain at least a couple of months of experience trading with tiny stakes. It’s easy to lose money through mistakes in the early days. With the experience you gain, you’ll find yourself far less bamboozled than you feel right now.

      All the best.

      Sincerely,
      Alan Seymour

  80. Tracy B Says:

    I was a member of GNi from 2008 – 2009, a little over a year. I lost around $4,800 when it closed. the financial devestation caused was never recovered from and we are struggling now with the inability to even keep up with bills and house going into disrepair. We are disabled with a tiny income and have been asking for help because there is nothing we can do to recover funds lost 3 years ago.

  81. Colin Roebuck Says:

    Dear Alan,
    I joined Arbets.com last week and paid £150 for 3 months of Arbs,after seeing what sort of % arbs they were giving.I started smallish with £100 arbs,and on the 1st day made approx £130 off of 9 arbs done,thought I was on to a great thing,as told in email from arbs.com that they are 100% risk free(well how wrong can they be).Next day I placed another 9 arbs and expecting around the same retuns in winnings,only to find out that 4 of the arbs I placed lost,this was due to the Tennis player I placed to win at Pinnacle was graded and had to win the tennis match 2-0,and on this day I lost 4 of these same bets,all with Pinnacle.
    I emailed Arbets.com and requested a refund,as was now over £300 down + £150 subscription,so this was false and it is a scam website and wouldn’t recommend to my worst enemy.
    Still waiting after 4 days for a reply about a refund,due to the fact this site states 100% risk free arbs,and they are still giving out losing arbs every day now.
    Please ,if others read this to stay well clear of ARBETS.COM ,you will not win and the 40% and 70% arbs never last long enough to get these .Please warn all your readers Alan to stay well clear and I’am going to take legal action against this website,as it is a SCAM.

    All the best

    Colin


    • Dear Colin,

      Thanks very much for writing.

      I’m really sorry to hear that you’ve had such a negative start to your trading. Your experience is a warning to others who might be fooled by the nonsensical numbers posted by this company.

      All the best.

      Sincerely,
      Alan Seymour

  82. NICK Says:

    Hi Alan love the website I’ve started arbing recently just wondering whether or not you’ve experienced any backlash from bookies and if you have been limited. Was it easy to invest 50 000 capital or did it require many different bookies?
    thanks
    Nick


    • Dear Nick,

      Thanks very much for writing.

      Some bookmakers impose limits, others are less reactive. I use over 100 bookmakers, usually I’m active with 60-70 during any particular month, so it’s quite easy to spread my capital around.

      All the best.

      Sincerely,
      Alan Seymour

  83. Tim Says:

    Hi Alan, this is the first time I am into your site and I find it very helpful and interesting . I have just begun to take an interest in arbitrage trading. I am a complete newbie, finding the terms difficult to understand and piecing how the arbs work very daunting. How can I start?
    Can you recommend a site where I can learn the basics? Or perhaps you have your own guide?
    I have a trial version SAW software but I am fuzzy with what I am seeing? Is there someone I can speak to from SAW?
    Appreciate your help
    Tim

  84. John Says:

    is sports arbitrage still profitable in 2013? i am thinking to give it a try

  85. greg Says:

    hi,how do you stop the bookies fromclosing your accounts,im finding this very tricky?
    thanks


    • Dear Greg,

      Thanks very much for writing.

      You probably need to look further afield. It’s the well-known UK bookmakers who are among the worst for imposing limits.

      All the best.

      Sincerely,
      Alan Seymour

  86. Jeremy Says:

    Dear Alan,

    I’m a couple months into sports arbitrage now and used different services. The latest service I tried is the Traderzone from sportsarbitrageworld. I got the trial version for 5 days. You highly recommend this service, but I have serious doubt about it. My experience so far is:
    - not nearly enough arbs in a day (with no filters on or whatsoever)
    - no use of exchanges (seems to me thats necessary for arbing)
    - date and time not shown, so I cant see when a match will be played
    - lack of cooperation/service from the website. Questions wont be answered.

    You see I’m negative about this expensive service. Can you tell me more about the points above, maybe you have different experiences and can give me other insights.

    What could be is that the period at this moment isnt right for arbing. What do you think of arbing in july and december?

    Greetings, Jeremy


    • Dear Jeremy,

      Thanks very much for writing.

      I don’t think that there is any difference between the trial and the full service except that with the trial they only provide full bookmaker information on arbs less than 1%. Over the last few days, there have been several hundred arbs available every time I’ve logged in.

      How many arbs do you trade in a day that you say there are not enough in the TraderZone? If you really have no filters set (including the ‘Reliability filter’), is it possible that you are misinterpreting the information on the screen and confusing the number of tradeable matches with the number of total arbs in all of those matches? If you are looking at the screen called ‘Arb Matches’ and confusing that with the number of arbs, then it’s your mistake, and if you click on any match you’ll see that a number of arbs are then displayed in one or both of the windows called Single Market Arbs and Cross Market Arbs.

      Arbs generally tend to be available throughout the year, except in December when sports events are few and far between.

      All the best.

      Sincerely,
      Alan Seymour

      • Jeremy Says:

        Hi Alan,

        Thanks for the reply. I only did a few bets with traderzone. But these were all <1%. The other arbs were only available over the next months. Thus not interesting. I guess I have to little bookmakers at this moment to make arbing profitable through SAW (about 20).
        My experience is that july isnt a very good month either. Probably beacuse there arent a lot of football matches.

        I still have a question about using exchanges do you use them? because with SAW you cant.

        I come from a country where some bookies are forbidden. Are you experienced with hide-ip software or VPN servers? I want to use it so I can join the forbidden bookies. with back/lay strategie I can withdraw the money without the part I have to give the bookies proof of my adress etc.

        Thx again.

        greetings, Jeremy


      • Dear Jonas,

        Thanks very much for writing.

        In Germany, you pay a 5% tax on your stake if you win.

        The impact that this will have on a trade’s profitability will depend on which bet wins and how much of a favourite or outsider it is.

        For example, consider a tennis match arb with player 1 at 1.14 and player 2 at 11.00 where you invest a total of €500

        Bet €452 at 1.14 = €517.71
        Bet € 47 at 11.00 = €517.00

        In the UK, this trade is profitable – you’d make either €17.00 or €17.71, depending on which player wins

        If the first bet wins, you pay tax of €22.60 (5% of €452) which turns the trade into a loser
        If the second bet wins, you pay tax of €2.35 (5% of €47) which makes the trade profitable by €14.65

        You’ll have to perform the calculation of the impact of tax before you place any trades.

        All the best.

        Sincerely,
        Alan Seymour

  87. Jonas Says:

    Dear Allen,

    thanks for sharing your experiences in a very nice and understandable way.

    Maybe you can help me with one question:
    I’m thinking about doing some arbitrage bets from Germany. The Problem is, we have a 5% tax on won bets here. That would mean that only arbs higher than 5% would work for me, right? If so, is arbitraging from Germany still possible ?

    Thanks in advance and best wishes

    Jonas

  88. Foster O'Reilly Says:

    You actually make it seem so easy together with your presentation but I find this matter to be actually one thing which
    I think I might never understand. It kind of feels too
    complicated and very vast for me. I’m taking a look ahead for your subsequent post, I’ll try to get the hang of it!

  89. Oli Says:

    Hi Alan,

    This site is an invaluable resource, many thanks for sharing all your wisdom.

    One question I have is what would you say is the minimum amount you need in Sterling to start arbing?


    • Dear Oli,

      Thanks very much for writing.

      You can start, for the sake of learning, with £100 but for it to be a profitable use of your time, I think that you need at least £2500 these days but preferably £5000

      All the best.

      Sincerely,
      Alan Seymour

  90. Alister Says:

    Hi Alan,

    Have you heard of and if so do you recommend the “Auto Pilot” software that has recently popped up?

    Kind regards, Alister

  91. Larry Steinberg Says:

    Hi Alan,
    Thanks for putting up this site and for all the time you’ve taken to document and make available all the info. I’ve just gotten started (on the site and on sports arb) and will make my way through the site before I do anything else. One question, as I write this it is October 9/2013. How up to date is the info/site?

    Thanks, Larry

  92. Shaun Says:

    Hi Alan,

    I tried arb betting a few years ago, had many book maker accounts set up, good arb software, but in the end the book makers limited my bet sizes so I could no longer make money from this. I did make the mistake of betting odd amounts as per software and I should have rounded these out to whole numbers, but can you recommend ways to get around this if I decide to get back into this?

    Regards Shaun


    • Dear Shaun,

      Thanks very much for writing.

      If your accounts are limited your options are to open new ones with the same bookmakers, using the details of cooperative friends/family or to focus on arbs with bookmakers and exchanges which are less likely to impose limits (e.g. Betfair, Pinnacle)

      All the best.

      Sincerely,
      Alan Seymour

  93. Antony Says:

    Hi Alan,

    My name is Antony and I am from Taiwan.

    Your site is a great help for me.

    I would like to learn and trade sports arbitrage properly.

    Can you recommend the steps for me to follow ?

    Like: read which book first and going to which site and join which membership…etc.

    I am considering to follow your like to buy the three books but there are some packages with the books. Since I am very new, should I buy the packages or just the book.

    Thank you very much.

  94. D.1991 Says:

    Hi Alan,

    I have recently came across the opportunities in the world of Sports Arbitrage, but have been cynical on some of the advice provided. Any advice from a person or company who wants me to purchase their service, in my opinion cannot be 100% genuine advice. So my question is, getting started, how essential is Sports Arbitrage software and is it at all practical to operate manually, at least whilst getting started.

    Many thanks in advance.


    • Dear Daniel,

      Thanks very much for writing.

      It’s best to start with scalping bookmaker bonuses. This is risk-free and it will introduce you to the mechanics of trading. You can attempt to trade manually after that, although I’d liken this to walking 25 miles to work and back each day. It can be done but it will not be as productive as using a machine!

      All the best.

      Sincerely,
      Alan Seymour

  95. David Upton Says:

    I’ve been keen football betting analyst, focusing on 1×2, and however no matter what model I’ve developed, have been unable to generate a reasonable profit (max 10%, assuming a relevant opportunity is available).

    Having studied statistics, applied mathematics, probability and

    ccmputing at university, as well as advanced Microsoft excel within a commercial environment, I developed a simple spreadsheet that analysed the maximum odds for the respective bookmakers, and determined the stakes for each outcome.

    The model also provided the profit and margin for each bet. I’ve been researching the concept of arbitraging for a number of months, back testing, as well as live testing, and have yet to discover a flaw. Admittedly, the margins are low, typically between 2-4%, however using the law of compound interest, and re-investing your income @2% over round it seems to possible to turn £100 into £90000, within 200 bets.

    As I’m extremely keen to implement the model, I would like to know, as an experienced trader, is it possible to achieve the projected returns.


    • Dear David,

      Thanks very much for writing.

      What you suggest is not possible because bookmakers place limits on the size of bets they will accept from their customers.

      All the best.

      Sincerely,
      Alan Seymour

  96. Karl Says:

    Just a quick addition Alan, have you heard of a new bookie about to be launched yobetit.com?? They say they are going to be the worlds first arbitrage bookie. What do you reckon??


  97. Dear Karl,

    Thanks very much for writing.

    In my opinion Yobetit is being run by people who are either extremely misguided or dishonest.

    I see it ending in tears for anyone with funds lodged with them. Frankly, I’m appalled that there are arb services promoting them – they too are either ignorant of the way bookmaking works or they are blinded by the short-term commission income the must be in line for.

    All the best.

    Sincerely,
    Alan Seymour

  98. Graeme Wilson Says:

    Hi Alan
    Great site. I am considering trying my arm at sports arbitrage on a part time basis. I have a initial bank of 10k and wondered if you could give me some information.
    1) what software would you recommend? and how much more efficient is this compared to using odds comparison sites.
    2) do you have any tips to avoid limits being put on accounts?
    3) is arb finding software worthwhile if you cannot commit to being at a computer 24-7 to take advantage of the arbs?


  99. Dear Graeme,

    Thanks very much for writing.

    1. Try them all, see which suit you best. The professional services are significantly better than odds-comaprison sites, which tend to be delayed.

    2. The tips over here are a good start

    3. Once you know how to make the best of the few hours that you’re able to trade, yes it is worthwhile. Until you get to that stage, though, you will probably find it arduous.

    All the best.

    Sincerely,
    Alan Seymour


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