Hi

I came across this web site three weeks ago and signed up to make some extra cash for myself to help fund my trading accounts.

Please look at the link here:

http://businessopp.riskfreeprofit.com/

This system provides a real time sports arbitrage solution. The software scans about 50 different bookmakers sites on your behalf to find opportunities. It then notifies you of each one and then calculates how much money you should place in the correct proportion, in order to get the guaranteed return.

What is Arbitrage?

Well for those who don't know, when bookmakers lay their odds for an event (for example a football match) there are 3 possible outcomes. Team A could win, A could lose or there is a draw. The bookmaker quotes odds for each outcome. If these odds are converted to percentages they will always exceed 100%, and this means that as many punters place their bets the bookmakers will always make a profit.

With arbitrage, you take advantage of the differences between multiple bookmakers placing odds on the same event. One bookmaker in America, one in the UK and one in Australia all place odds for the same event. Sometimes (depending upon the configuration) the odds will come to less than 100%. By placing your money in the correct proportions you get a guaranteed return. If the odds add up to 95% and you placed bets from a pool of £500, you would get a guaranteed return of £25.

This software does all that hard work for you, it calculates the correct proportions and advises you how much to place on each outcome for an event. It will then direct you to the correct bookmaker web site to place the bet.

I have attached a screen shot to show you what it looks like. Every time the system finds an opportunity you also get a little pop up window on the bottom right hand side of the screen informing you. You specify how often you wish to scan the bookmakers.

The software costs $139 to rent each month, which is renewable each month manually.

There are two ways of making money. The first is by using the system to place bets and taking the profits. It works well. In the first 3 weeks that I have been playing with it I have made over £350.

The second method is by introducing the software to other people via a network marketing system which pays you a monthly bonus. There is absolutely no obligation to pass the software on to anybody, so if you don't like NLM then you don't have to worry about it.

These are all the facts. Take a look at the system and see what you think. I believe it is revolutionary because it is in real time and can provide hundreds of opportunities every day.

I hope this is off interest to you. It is, of course, not strictly a trading system, but it will give you an income to help fund your trading accounts and pay the bills.

Best Regards

Patrick

I haven't looked at the website, but does this software get round the logistics problem of laying off bets with numerous bookies and does it cater for the fact they'll pull your account with them if they find out what you're doing?

A review of various sports arbitrage services, by an experienced trader, are listed here......

riskfreeprofit doesnt score very highly.

http://www.sportsarbitragereview.co....ession*id*val*

The fact is, as Bramble already pointed out, it's not really risk free. Bookmakers get wise very quickly when they lose money. When you arbitrage your different accounts will get churned big time. That is to say that you will always be moving large sums of money between them. The problem with placing a bet is that you never know that you are not getting the bet until you offer to enter in to it.

In my opinion, the best way to make money is to do exactly what the bookies do.....make your own odds and let folk bet against them. It's still not a gaurenteed profit but over time it has a positive expectation (if you use a betting exchange and nip inside the odds of the big bookies).

Steve.

Would it really bother them though?

In the case of a football match you are betting with 3 different bookies and 2 of your bets WILL lose. I guess the two bookies which get your losing bets will be happy. Of course, the next time round they may have to pay you but the nature of arbitrage betting is that the punter always wins whilst the bookies can get lucky and collect a lot of the losing bets.

What, losing money to a clever punter? I think so.

Pchees

I read with interest your abritrage write up, be very careful in that market, the arb opportunities, can be distorted, just like a poor data feed, if you are dedicated to playing sports arb, your best site is http://www.zero-risk-arbitrage.com/. They are by far you best place to what you are trying to do. I of course would be interested to see how you are getting on ver time. If you have a good margin, yes you could earn a bit of pocket change.

The thing is sports arbing is very much like trading intra day you really have to be on top of it like a rash or you can start to fall short on either sidea a the flick of a switch. It is yet another retail derivative for the retail market, and the people who really make the money are the bookies.

Have a look through that site and let me know how you go, and good luck ok :-)

You can get free arb bets delivered to your email box at Betbrain.com

My only concern with this is that by the time they arrive the opportunity will have gone. Bookies all know about this and are quick to kill the opportunity.


Paul

Quite true Paul

In general it is a waste of time, and spending $139 per month makes it even worse.

Some internet bookies only accept credit cards and with such low profits you can lose on the transaction charges.

Best left alone

Apparently there are always problems with the different types of software as well. As the bookies modify their websites the lay out of the pages alter. This means that the software can end up looking at the wrong numbers etc. Because of this the software can require a high degree of maintainence.

Steve.