There is an advert at the top of the T2W homepage where City Index are offerign "No Spread" on Vodaphone.

Could you use this fact combined with the proces of other SBs to arbitrage Vodaphone ??
If the bid-offer on Vodaphone was xx.10-15 on SB-a.
If SB-CityIndex are offering xx.12, you could arbitrage Vodaphone.

NO ??

pchees.

i assume you are placing this post for the marketing system, so you hope others will join on your recommendation and you get paid....Fair enough

But the only question i really have for this post is, has everyone missed the point?. This is a trading site so can someone please explain to me what a sports betting post is doing here?

sorry i may be out of order in saying the above but i have seen things like this before and people have been fooled into things like this and lost boats loads of money.

Just a little surprised this post has not been removed as it has nothing to do with trading?

sorry pchees.......

Hi

Thanks for all the replies. I've never tried it before but it seems to be ok. Although most of the bets spotted have very small percentages.

I decided to have a go for one month and see what happens. I will let you know. In fact they've had loads of problems setting it up, and have now reset all the subscriptions to start again from today which they didn't need too. They seem pretty genuine.

As I said there is a NLM element to it as well and I wouldn't advise anyone to go down that path. I am only personally trying it for the betting part and to see if I can make a profit.

If I make a profit in 30 days I will let you know and post what bets I made etc.

I just thought it would be useful for folks to earn some extra cash to fund a trading account in the markets. It was the only place I could think of on this board so i apologise if I have annoyed anyone.

WIll let you know what happens.


Best wishes


Patrick

"If the bid-offer on Vodaphone was xx.10-15 on SB-a.
If SB-CityIndex are offering xx.12, you could arbitrage Vodaphone."


The CityIndex offer at 12 is higher than the 10 bid, so there's no gain.

All that sounds a bit tooo good to be true and how many people do you have to market it to? Is it shaped like a pyramid but they don't tell you that?
And thereby the more people you introduce the less likely it is to be 'guaranteed'!!

Looks like the only ones that will make the money are the ones charging $139 a month for the service.

Free money - doesn't exist unless you're a govt in charge of a the printing presses........

I signed up for the trial with Zero Risk Arbitrage and will tell you my experiences.

They send out many emails per day, 30-40 with multiple bets per email. I would log into the bookmakers to check the prices and they really were legit.
Unlike the other arb providers which all seem to sell second hand news, Zero Risk really does have an automated scanning feature and the bets come faster than any other.

The subscription cost is 400 pounds a quarter. You averge gain will be 2-4 % on each bet, risk free.

But there is the issue of proper capitalization which needs to be addressed. If you place an allup bets of 1000 pounds and get back 20 pounds, that is good but be aware that money will be tied up until the game is played, its not like you will be able to bet on every single game that comes along.

I did the sums and would have required an account of about 10k at least in order to replace my current income.
Because you need to place the bets quickly it is not something you can just do after hours, you really need to be sitting at the computer all day.

Another thing to be aware of is like someone mentioned earlier, if your bets get to big then you will be noticed and have your cieling crippled. Zero Risk gives ratings for all the bookmakers but suprisingly to me not many of them like bets any more than 500 pounds.

The above post by 'Agistho's re: the amount of capital needed sums the real fatal flaw in the plan, re trading capital. By the time the monies are re-credited to your card/account you have missed several opportunities. The only way round this is a larger trading bank but then with most arbs averaging 2-5% at best, the return on capital employed become very unattractive.

There are 2 further issues, one is unscrupulous bookmakers, (betbrain.com used to run a forum thread about these, don't know wether they still do.) The second is putting both or all 3 legs of the bet on without price moving thus eliminating the arb and leaving you exposed.

I first started sports arbing in 2001, when it was in it's infancy and even then it was difficult to make a return worthwhile, not withstanding the other things mentioned above. Needless to say, i gave it up in 2001 too!

It appeals to the get rich quick merchants but probably more to the hundreds of thousands with low risk tolerance due to being ripped off elsewhere.

All in all I'd leave well alone.

In addition, even if it did work occasionally the way it's been detailed here, surely the act of reccomending the service to all your trading mates would seriously start to impact on liquidity.

By nature, the sports bets that you will be able to successfully arb are gonna tend to be the slightly more arcane ones, rather than say Man U / Everton supremacy on a live sky game or similar. As such, the available liquidity pool is going to be pretty small to start with.

Imho sports spread betting is a market where the punter already has two decent edges in his / her favour.

1) Aside from the odd dodgy Malaysian betting syndicate mucking about with the footy for a bit, with the help of Brucie Grobbelaar, it's not a market that lends itself to manipulation. The number of corners in a game isn't usually open to debate.

2) Sports Bookies make loads of markets in stuff they may not always fully have a handle on. And they have to get this stuff right every time. All the punter has to do is keep looking till they find one or two that are out of line. I made a few hundred easy sponds in the Rugby world cup on a bet where it was obvious that the booky really hadn't thought it through properly, but I'd looked at, and rejected about thirty bets before I found 'the one'

GJ

[quote=bbmac]The above post by 'Agistho's re: the amount of capital needed sums the real fatal flaw in the plan, re trading capital. By the time the monies are re-credited to your card/account you have missed several opportunities. QUOTE]

Exactly. The only way I could see to get around that was to select say 15 of the main bookmakers, open an account with each and put 1k-2k in each one and let the money ride. But then you would need 20-30k to start doing this properly, more than I have lying around so I gave up.

But if anybody wants to give it a go Zero Risk is a thumbs up from me, I never really experienced bets being out of date like some people mention with the other services.