Frequently Asked Questions
1. Is Sports Betting Arbitrage Legal?
2. I'm from the USA. Why is my government trying to oppress me?
3. Should I pay for an E-book on Arbitrage Trading?
4. Do people really do this?
5. How much money can you make by doing this?
6. If I start with $XXXX, can I make $XXX per week?
7. How much money do I need to get started?
8. Why are you providing this information for free? What's in it for you? Why should we trust what you say?
1. 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.
2. I'm from the USA. Why is my government trying to oppress me?
I'm sorry, no one amongst the staff at SAG has the answer to this question. I can only guess that internet based gambling is just one of the costs that must be paid to maintain your Freedoms.
The recent US legislation which has caused a great deal of panic in the Online Gambling industry doesn't deal with citizens gambling, it deals with financial institutions processing payments into "illegal online gambling" websites. While this legislation specifically shouldn't alter your rights to gamble online, it will affect your ability to deposit into bookmakers.
3. Should I pay for an E-book on Arbitrage Trading?
There are a number of companies and organisations which offer E-books, DVD's and other stuff which is supposed to teach you all that you need to know about sports betting arbitrage. I have never used any of these E-books, so I can't say with certainty that they aren't worth having. I can however, note that not having them hasn't adversely affected my trading. By spending enough time looking around the internet, I believe you can find everything you need to know for free.
The very purpose of this website is to provide a complete guide for Sports Betting Arbitrage. This website is intended to replace the need for those E-books.
Many people have told me that they wish they had found SAG before they paid for "X" E-book, because SAG covered everything that was in the book. The second advantage the free internet and this website has over an E-book, is this website (and many others) is interactive. We have Forums where many users ask questions, exchange stories, and provide help for each other. Arbitrage trading is an experiential learning process. No static text will ever provide you with everything you need to know.
Nonetheless, in the interest of provide a complete guide which covers all aspects of arbitrage, SAG still provides links to all of the arbitrage E-books
4. 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. To meet people who actively trade, just go to our forums or even go to the arbforum forums where many veteran fulltime arbers can be found. Even online gambling forums regularly have conversations between the veteran gamblers about arbs they have placed.
5. 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 weekly performance in trading had by Aegist. RiskFreeProfit has kept an average of around 3% per week over the last year. Aegist, a self-confessed beginner, originally achieved an average of 1.8% per week with a best week of 3.65% 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 10% 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...
6. 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 week, then $1000 will yield $20 a week. The math is simple. If $20 a week isn't enough for you to live off then you need to start with more capital, figure out how to increase you weekly 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.
7. 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 to use only the free services and 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.
8. Why are you providing this information for free? What's in it for you? Why should we trust what you say?
I provide it for free in the hope that you appreciate my work enough to use the links from this site to the bookmakers, the arbitrage alert services and to the websites advertised in our "sponsors" panels. We have affiliate relationships with many of these programs (not all offer them) and we earn a commission upon sales, registration, deposit or betting revenue. Many of the advertised sponsors pay for leads, so simply following a link to something you are interested in and filling in
a form may earn us a small commission. All of these can be done without any cost to yourself and with great appreciation from ourselves.
So that is our motivation. In order to facilitate that outcome we are doing our best to provide the best website we can. If you appreciate the information we provide then please consider supporting SAG by simply registering your interest with one of our sponsors, providing a link to the site from your own blog/website/myspace/forum, or simply telling your friends about the site. We promise to continue to provide complete access to all of the information in this site free, which we will continuer to improve upon, while maintaining it in an unbiased objective manner.
Do you have a question about Sports Betting Arbitrage?
Technical questions will be addressed in the "Arbitrage Trading" section FAQ. If you have questions about what arbitrage is, whether you can do it, how to find out more etc, then please send us an to betelgues@yahoo.com
1. Is Sports Betting Arbitrage Legal?
2. I'm from the USA. Why is my government trying to oppress me?
3. Should I pay for an E-book on Arbitrage Trading?
4. Do people really do this?
5. How much money can you make by doing this?
6. If I start with $XXXX, can I make $XXX per week?
7. How much money do I need to get started?
8. Why are you providing this information for free? What's in it for you? Why should we trust what you say?
1. 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.
2. I'm from the USA. Why is my government trying to oppress me?
I'm sorry, no one amongst the staff at SAG has the answer to this question. I can only guess that internet based gambling is just one of the costs that must be paid to maintain your Freedoms.
The recent US legislation which has caused a great deal of panic in the Online Gambling industry doesn't deal with citizens gambling, it deals with financial institutions processing payments into "illegal online gambling" websites. While this legislation specifically shouldn't alter your rights to gamble online, it will affect your ability to deposit into bookmakers.
3. Should I pay for an E-book on Arbitrage Trading?
There are a number of companies and organisations which offer E-books, DVD's and other stuff which is supposed to teach you all that you need to know about sports betting arbitrage. I have never used any of these E-books, so I can't say with certainty that they aren't worth having. I can however, note that not having them hasn't adversely affected my trading. By spending enough time looking around the internet, I believe you can find everything you need to know for free.
The very purpose of this website is to provide a complete guide for Sports Betting Arbitrage. This website is intended to replace the need for those E-books.
Many people have told me that they wish they had found SAG before they paid for "X" E-book, because SAG covered everything that was in the book. The second advantage the free internet and this website has over an E-book, is this website (and many others) is interactive. We have Forums where many users ask questions, exchange stories, and provide help for each other. Arbitrage trading is an experiential learning process. No static text will ever provide you with everything you need to know.
Nonetheless, in the interest of provide a complete guide which covers all aspects of arbitrage, SAG still provides links to all of the arbitrage E-books
4. 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. To meet people who actively trade, just go to our forums or even go to the arbforum forums where many veteran fulltime arbers can be found. Even online gambling forums regularly have conversations between the veteran gamblers about arbs they have placed.
5. 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 weekly performance in trading had by Aegist. RiskFreeProfit has kept an average of around 3% per week over the last year. Aegist, a self-confessed beginner, originally achieved an average of 1.8% per week with a best week of 3.65% 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 10% 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...
6. 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 week, then $1000 will yield $20 a week. The math is simple. If $20 a week isn't enough for you to live off then you need to start with more capital, figure out how to increase you weekly 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.
7. 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 to use only the free services and 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.
8. Why are you providing this information for free? What's in it for you? Why should we trust what you say?
I provide it for free in the hope that you appreciate my work enough to use the links from this site to the bookmakers, the arbitrage alert services and to the websites advertised in our "sponsors" panels. We have affiliate relationships with many of these programs (not all offer them) and we earn a commission upon sales, registration, deposit or betting revenue. Many of the advertised sponsors pay for leads, so simply following a link to something you are interested in and filling in
a form may earn us a small commission. All of these can be done without any cost to yourself and with great appreciation from ourselves.
So that is our motivation. In order to facilitate that outcome we are doing our best to provide the best website we can. If you appreciate the information we provide then please consider supporting SAG by simply registering your interest with one of our sponsors, providing a link to the site from your own blog/website/myspace/forum, or simply telling your friends about the site. We promise to continue to provide complete access to all of the information in this site free, which we will continuer to improve upon, while maintaining it in an unbiased objective manner.
Do you have a question about Sports Betting Arbitrage?
Technical questions will be addressed in the "Arbitrage Trading" section FAQ. If you have questions about what arbitrage is, whether you can do it, how to find out more etc, then please send us an to betelgues@yahoo.com
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