Thomas
Anderson,#2Consumer Comment
Sun, December 17, 2006
From Wikipedia, the free encyclopedia Jump to: navigation, search Betting arbitrage or sports arbitraging is a particular case of arbitrage arising on betting markets due to either bookmakers' different opinions on event outcomes or plain errors. By placing one bet per each outcome with different betting companies, the bettor can make a profit. In the bettors' slang an arbitrage is often referred to as an arb. A typical arb is around 2%, often less, however 4%-5% are also normal and during some special events they might reach 20%. Arbitrage betting is usually done on the web by researching prices (odds) on betting web sites or subscribing to one of the arb-hunting services. ************** As an investment practice, it is not completely risk-free despite the commercially used terms 'no-risk' and risk-free betting. *************** Some of the risks include: * Price changes midway through the arbitrage bet * Bookmakers refusing to honour the wager * Bookmakers unable to remain solvent It involves relatively large sums of money (stakes are bigger than in normal betting) while another variety, betting investment, means placing relatively small bets systematically on overvalued odds most of which will lose but some win thus making a profit. So.... are you going to indulge in another "no-risk" bettors' gamble? Maybe you would be better off investing in real estate? You can at least visit real estate, check the land records, study the overall location... and as Will Rogers once said, "... They ain't making it anymore!"