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Any arbitrage bettors here?

djefferis

djefferis

Joined
Jan 8, 2024
Messages
4,482
You’ve got to be well funded, super quick and super lucky.

Oh and using the services is a super easy way for offshore sites to track you - tag you as someone participating in this activity and deny payouts while keeping your deposits.

Best case scenario - you’re winning 5% betting legal shops and paying 35% of that right back to Uncle Sam at year end. A lot of work and headache for 3% ROI - considering a high yield savings gives about the same and is 100% safe.

Not that you can’t make money doing it - but long term it’s rough. Better to simply try and time market moves on the exchanges these days than playing with a sportsbook arb’ing them. You have a chance and no one’s going to boot or stiff you.
 
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