Hey guys! In today's video, I explain how I utilized mathematics to earn money from sports betting (sportsbetting) and in the end got banned. This method is called arbitrage betting which is a threat free way to earn a profit from betting. I explain everything about arbitrage wagering in this video with some examples. Hope you people can find it insightful however please do more research initially on arbitrage wagering before wagering any of your real cash.
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My name is Shane and I am an Australian fourth year trainee studying Engineering and Commerce at The University of Sydney and I finished the HSC in 2017 with an ATAR of 99.90. This channel is committed to studying ideas, cash and insights into college life. I hope you can discover this beneficial! Enjoy!
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Remember the most important thing with gambling is to ALWAYS chase your loses
They can’t run forever
lol
No, chasing your losses will only get you back to zero, and various repeated doubling down will deplete your bankroll, and casinos don’t have bet limits to stop exponential betting.
What do you mean by “chasing your losses”
@NeverTalkToCops1 it was a joke mate
Ha!
Am surprised! I did the same math some six years ago and found it profitable but with a few caveats. Since I was relying on a single platform, mine was to find the “perfect” odds on the same platform (regardless of the match/event) where betting on both the WIN and DRAW/LOSS still made me profit. I found some but came to know that they realized the loophole and sealed it with time. Finding the perfect odd was kinda difficult because it really needs some graphing of the movement of profit or loss across the different odd levels. I even thought of building my own software that would just hunt down all odds possible and bring back the ones that events that matched the rule but never really went through with it. To see that you did it more so across different platforms and it worked is just awesome. Am encouraged to return to the drawing board to perfect my technique. I love this mate. Thanks!
The scenario you outlined should never be possible on a single, reputable bookie. Who ever coded their platform should be fired if you were consistently able to arbitrage on one platform. Also, which one is it so I can sign up?
@Craig Andrew he said they fixed it
Lmfao I don’t understood a thing but their are plenty of these new cricket Betting sites in India and i think some of em must be having this loopholes , can anyone explain me by using an example please
Were you scanning betting odds from these different bookmakers manually? Or did you have any part of it automated?
@PANTO PINTU how
i use bots, hit me up if you need help eh
@AlexDickins free bots?
just software to help manage high volume. there are some free trial options yeah, bf bot manager etc
@AlexDickins can you help me with this kind of bot?
The problem with bookies is that they’re going to try to take you down, regardless. Edward Thorpe and other former gamblers can tell you all about it. The gambling world is ridiculous on _both_ sides of the table. Edward is one of the guys who pioneered the odds-based bet sizing, so as to maximize profits (i.e. bet more when odds are in your favor – bet less when the odds go against you). And there’s plenty of ways to estimate odds, as Shane points out.
Am happy I will always do business with you guys are the best and genuine and the best everyone can do business with and be confident of the income
Hi, i give out free picks for everyone! let me know what you think 🙂
@How to Bet am interested. I want to also learn ways to avoid been ban when I start making profit
@How to Bet Yeah…I need it…pls
Hey guys, I’m Fruitful Inwang – a Copywriter. I write sales letters, website copy, etc for $100, and will communicate with you all through and after the project if need be.
Theoretically, if you only bet on things you could arb, you would be winning over the long run as well.
So maybe that is a way around getting banned. Or maybe the books just ban you if you only bet on those options
Arbitrage betting is an interesting concept. In the UK I used matched betting over the last few years to make a decent return (not spectacular, but a consistent return every week). The bookies all ban you in the end. They can always tell when you’re consistently taking value.
Hey guys, I’m Fruitful Inwang – a Copywriter. I write sales letters, website copy, etc for $100, and will communicate with you all through and after the project if need be.
As someone who has worked for one of them I know that they will always make sure you lose if you are winning. They usually give you a reduced unadvertised rates because you are too good
Defqonlord what if i walk away after i win?
@Comments Copyright Attorney then you’re not still winning, you’ve won. Which is has again stopped you from still winning.
I really discovered that its true. They will make sure you loose
At the end of the day, sportbooks are a business, and no business that lasts, loses money
I always had this idea in my mind, but always the probability on one broker is always 100% so I stopped thinking more about it. Now I know what you are doing is taking advantage of different broker probabilities. I will try that.
Thanks for the tip mate!
I trade features on a better exchange with lesser fees, I am glad to say I was able to do that with the help of Mrs Anna Lawerence . She is so kind
They caught you because there is inter-bookie cooperation and they can identify arbitrages. It’s arbitrary of course because there is nothing illegal in it like match fixing. But why did n’t you partner with somebody ? Then they could not identify you.
If you’re doing arbitrage betting across multiple books properly then you should never be banned or limited (unless you’re unlucky and string together a lot of wins on a particular book).
It is very easy to tell for any business where they are losing money. And then you stop what’s losing you money. What’s your point?
@eggtimer h You do arbitrage betting across multiple books so there is no pattern or trend which shows you constantly winning money or them losing money from you. They can’t recognise it.
@Light just like casinos, we all share databases of users. If you like it or don’t.
@eggtimer h I don’t doubt it happens when dealing with certain customers who constantly win, but entire databases? Doubt it, extremely illegal (not that it stops these types of companies) and I doubt they would risk doing something like that on such a large scale
@Light I know they do. As soon as the money gets big, all bets are off. Pun intended.
There is an element of risk here if the odds are not fixed. Sometimes, they are fluctuating based on the number of bets being placed. Therefore make sure you have some wiggle room to withdraw your bet. (What if boxer/horse/player gets injured after your bet was locked in)
I don’t remember writing this
@Marvin Araújo bhv..
@Marvin Araújo lmfao u clown
The rule is clear. if there’s an asian guy teaching math, that strategy is beyond our understanding
That’s my quant. Look at him!
please can I have your mobile contact
😂😂😂😂😂😂
Indian
Usually
I like how at the end he caught himself. He’s like, “But once they catch you, you have to move onto better things….” He kind of grinned; and I was thinking, yeah, like your girlfriend’s account, and then your Mom’s, and then your neighbors, and then your third cousin’s high school Spanish teacher, and then…well, you get the idea. It was funny in my head, dammit!!!!! lol 😉
You have to withdraw often, don’t keep large amounts in your account. Keep your bank roll in your bank, not in your betting account. They’re always watching because they don’t want people winning and taking their money
Agree
100% Agree
Best advice is to have multiple betting accounts. If you’re a high roller, use another betting account every day. That way you’re making money from each account once or twice per week. They won’t bother so much with you.
They can ban you but can’t take the money you won I guess
When I thought I couldn’t go on any longer, you gave me the strength I needed to keep moving forward. Thank you for always being there for. You are helper and I’m so grateful to have someone like you in my life,👏😻🙌🏼
When I thought I couldn’t go on any longer, you gave me the strength I needed to keep moving forward. Thank you for always being there for. You are helper and I’m so grateful to have someone like you in my life,👏😻🙌🏼
Make sure you are only using f u money to gamble. Play with pennies if you haven’t secured retirement.
give up gambling. it clearly is out of your level.. that comment dude… just let me take your money and tell you im gonna double it for you
@yauker this man is real I got 5btc 🙏🏿
Oh really? How do I invest?
Almost 15 years ago, I was thinking that you should be able to do something like this across different betting sites, but I didn’t have the right math skills or the time to accuire the knowledge at the time so I just forgot about it. After seeing this I’m tempted to give it a shot.
@Brandah Swift how is that
i made 5k on 800$ investment into mana buying and selling over the last week. enjoy donating to your lotteries ♡
@Eddie Andavis I dont think your grammar is up to par with the automated trader recommender bots, sorry man. good luck on the scam tho ♡
Extremely simple math. That’s why it rarely works. It’s still much more lucrative to have a job.
@yauker savage bro😂😂😭
Hey Shane,
Very educating video.
How did you calculate the bet size figure? 10:03?
He says u can use an arbitrage calculator online
Am also still wondering… Where do we even get those arbitrage calculators
As my studies are not in the economic/finance field, I have never heard about the arbitrage term and concept. Searched a bit about it and I can say it is a very interesting area in which you can apply some basic principles of statistics and probabilities. This is literally school-level knowledge and I’m gonna try it a bit. I’m pretty sure it won’t last long though, today’s betting companies can easily detect when you are constantly winning, but it really worths a try
it’s been about 3 weeks since your initial comment, how’d it work out?
Have you started yet? Or made any money off of it if so?
This sounds like a lot of generalities to me. I traded sports arbitrage for several years, backing at a bookie and laying on one of the exchanges. I certainly made money doing it but sooner or later the bookie will ban you. That happened to me with every major bookie – Ladbrokes, Coral and Tote sport. I had taken around £5000 from Coral in one month and that was the last straw for them. My account was frozen and they made me wait a month or more for my money (which they did pay in full). The losses on the exchange for that month were around £4500, so my net profit was about £500. I’m not complaining, but this isn’t going to make you any fortune. A lot of bookies give the best odds in their shops – higher than on-line or over the ‘phone. This means a lot of “leg time” running around to get a decent sized stake on.
@Robert Marks yep, so it basically is not possible amore.
@eggtimer h It isn’t possible for me any longer because they now know me. It may still be possible for you or someone that is not known to them – but they will find you out in the end. There are other ways to make money from bookies such as sign up bonuses – open an account, register a debit card and deposit the amount they offer as a bonus. Once you bet that amount they will give you the same amount as a free bet. The back/lay technique allows you to do the whole operation without risk of losing anything. If you are careful in choosing your backs and lays you should be able to make approximately the free bet amount as withdrawable cash. Typical bonuses are around £20 – £30. The best I ever did was £200 from William Hill for opening a telephone account. That was a long time ago, though!
@Robert Marks dude, you might as well work for an hour and get $120 then doing all this for a tiny sign up bonus that takes you potentially weeks to clear. Lol. It is not reasonably feasible anymore.
@Robert Marks what did you mean by 200 from william hill for opening a account ?
@Robert Marks hello mate , i have a question for you , what if a win like $2000 per month from a sportbet or bet365 then will they banned me in the future ?
Note : i am winning this money from the win the toss bat