Frequently Asked Questions
- Is Sports Betting Arbitrage Legal?
- Do people really do this?
- How much money can you make by doing this?
- If I start with $XXXX, can I make $XXX per week?
- How much money do I need to get started?
Is Sports Arbitrage Betting Legal?
Arbitrage is 100% legal and well practiced in every sort of financial market around the globe. The only way in which Sports Betting Arbitrage is different to other financial arbitrages is that it involves betting. Is gambling legal in your location? 90% of the time gambling is completely legal and therefore sports betting arbitrage is legal (and usually tax free). However, some backwater governments have attempted to illegalise internet gambling, so you should check your local laws.
Do people really do this?
Absolutely. Some people do it casually, in their spare time in order to make some extra money. Other people invest a lot of money and trade as a full time job so that they can work from home. Sports Betting Arbitrage is not an underground secret society activity, it is well known, well practiced and very public.
How much money can you make by doing this?
This is the most difficult question to answer, but of course the question everyone asks. The easiest way for me to answer it is to point to the weekly performance claims of several well known arbitrage trading investment pools as well as the daily performance in trading had by Albert. RiskFreeProfit has kept an average of around 2.8% per day over the last year. Albert, a self-confessed beginner, originally achieved an average of 1.8% per day with a best day of 17.33% return. Obviously the returns possible depend on many factors, primarily your experience and understanding of the system as well as the size of your bankroll and how well you employ that bankroll. I honestly think that 50% per month is accessible to anyone.
However, it is worth mentioning that at some point a limit is reached where you simply cannot place any more trades, use any more bookmakers and you cannot bet any larger. I suggest you not let this theoretical limit concern you for now though. Let the "Oh no, I have too much money" problem be dealt with when you have it...
If I start with $XXXX, can I make $XXX per week?
This question is really answered above. If you assume you make 2% profit each day, then $1000 will yield $20 a day. The math is simple. If $20 a day isn't enough for you to live off then you need to start with more capital, figure out how to increase you daily percentage, or accept that you can't live off your arbitrage trading initially. I generally suggest no one jumps straight into arbitrage expecting to make a full time income from it straight away anyway. It is worth spending several months reinvesting your profits while you practice and learn the basics. That way you aren't relying on your profits to live while you are at your most vulnerable to mistake.
How much money do I need to get started?
I would guess the bare minimum bankroll to get started in arbitrage would be around $500. But in order to use that amount of money you would need find your own arbs. The growth of that $500 would be very slow and tedious. For a more comfortable growth rate, around $3,000 minimum will create enough profit to cover the costs of an alert service. However I strongly recommend compounding all of your profits and paying for your alert service from another income source.
More surebet resources
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