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Arbitrage Alert Services Review

Posted by Nikos on September 1st, 2010

A big question in the arbitrage community: Which alert service should I use?

Unfortunately, there is no standard answer. There are many alert services in the market. Probably more than 35. Also, many professional arbers are constructing their  own alert services, but I really cant help with that. Here, you can see the list http://www.sportsarbitrageguide.com/components/alerts.php and as you understand, you can’t try all of them.

I tried most of them. The best way to compare alert services is to put them side by side, and see what happens. From this big list, I chose  7 alert services and I compared them, side by side. I will inform you about the results, but keep in mind that the comparison goes together with my personal arbing style. Each and every arber has a personal style. Even though it is easy to copy ones style, it is better to find your own, that suits you best.

These are among the best alert services, and I intend to review 1-2 more that I suspect have something to give. Alert services go together with basebooks. So when you choose an alert service, you are pushing yourself towards a specific style of arbing. A huge bankroll might allow you to use 2-3 basebooks and use more than 1 alert service. This is for experienced arbers. Major markets such us Euros and World Cups, require that you use 2 or even 3 alert services, so there will be not even 1 second lost.

Keep in mind also, that when you gain some experience, the alert services will show you the way, so you could grab arbs from not covered bookmakers or markets.

For the time being I choose BeatBookies as the best alert service, and ArbExpert as a supplement. If you can’t get BeatBookies, then you should look for RebelBetting.

BeatBookies

This is the best alert service in the market. This is the best tool in the hands of an arber. Why?

The list of bookmakers that it covers is the most complete, and probably there are only 1-2 bookmakers missing, a number very small compared with the competitors. It covers perfectly almost every bookmaker. Putting BeatBookies side by side with every other alert service, you will see that in most of the occasions, it will find arbs that nobody else could find. Beatbookies is offering a big variety of Cross Market Arbs that you can find in the market. The combinations are complex, offering arbs that no other alert service will find. Speed is great. The filters that it offers makes arbing ‘’tailor made’’.

Beatbookies alert service is available only for 35 clients, meaning that the competition among them is not tough. Arbs are there waiting for you to come for many minutes. No need to run in order to grab an arb before somebody else does. The arb will be there 95%.

Another strong point of Beatbookies is that it makes arbing possible, even if you are limited by the vast majority of bookmakers. You can maintain a high level of profits, even if you still have 8-10 bookmakers available. Also, when you find your self trapped, trying to finish a tough roll over requirement, Beatbookies will find even the smallest arb position to help you with it. Even if this is not possible, BeatBookies can find negative arbs close to 0%, so you could escape with small damages.

On the other hand, a big problem with Beatbookies is that there is a waiting list till you become a client, because the number of clients is limited strictly to 35. There is a choice every now and then for clients, to offer the highest bid, but this an unpleasant situation.

To sum up, I believe that Beatbookies alert service is the best service that an arber could get in the free market. It is not for a newbie. A newbie should start with RebelBetting, or BetOnValue, get some experience there, and then come back here.

The fee for this service is very low for the service that you get. Consider it as a great deal.

ArbExpert

ArbExpert is an alert service that everybody should have. The price is very low, and it will pay you back for sure. That is why I choose ArbExpert as the best supplement.

Even if you don’t get it as your primary alert service, you could always get it as a supplement. Believe me, it can pay back many times the fee that you pay. Clearly, it can’t be your main alert service if you are a Betfair fan, but it can be your #1 choice if you use the asians very much. Pro arbers use many basebooks at the same time, so ArbExpert has a value here. The list of bookmakers covered by ArbExpert is very much complete. Almost 90 bookmakers.

ArbExpert, covers perfectly 2 Asian basebooks, Bet188 and SBObet, making it a great tool for those who prefer these basebooks instead of Betfair. Also, it covers perfectly those Costa Rican bookmakers. Costa Rican bookmakers offer some great bonuses and many players find themselves trapped there, trying to finish with the tough roll over requirements. ArbExpert can help you finish with them and pocket those bonuses fastly. Cross market arbs are presented here and the variety of them is really big. In some occasions, the cross market arbs that you see here are not presented anywhere else. This alert service offers a stable service, since it finds arbs even when the rest of the competitors are slow. Also, the speed of finding/supplying arbs is one of the best in the market, and the best in certain markets.

On the other hand, ArbExpert presents a limited number of lay bets from Betfair, and that means that many arbs might escape. In general, Betfair is not covered perfectly. Also, sometimes the arb will continue to be shown for some minutes, when in reality it is not there any more. Some very sophisticated markets are missing, and those with huge bankrolls will immediately notice it. To sum up, I would get ArbExpert at any time as a supplement. Since ArbExpert is not well known from the vast majority of arbers, (that prefer more advertised brands) this alert service keeps a good value. The fee is very low and it guarantees that you ll get your money back, multiplied.

RebelBetting

When RebelBetting appeared in the market, it was a revolution. It was the most automated service in the market, and as a result, the fastest. It had a great potential, and it showed the way to the rest of the alert services. Unfortunately, the list of bookmakers covered by RebelBetting was short from the very beginning and it remains short, even though the need for a longer list is big.

The bookmakers covered are almost 25, when some of the competitors cover 90+ bookmakers. This is an important problem that RebelBetting guys should solve. On the other hand, this software is doing almost everything automatically. Showing arbs, taking you to the right page immediately and calculate everything also immediately. It helps arbers to save these important seconds so when you arrive there, the arb will still be there waiting for you. Time means money and Rebelbetting is helping you save time and earn money.

It also shows you warnings in case there is a possibility of a void bet or a palp. Also, if you don’t like the idea of going to the bookmaker’s page via RebelBetting, you still have the option to do it manually. My opinion is don’t do it manually. To sum up, this is a great service and it covers perfectly those 25 bookmakers. But until this number goes to 40, the competition will be hard for RebelBetting.

ArbitragePro

ArbitragePro alert service is a good tool in the hands of a professional arber. That means that if you are starting your career in arbing now, you should leave it for a later time. It is the fastest to present arbs and the most sensitive to odds movements.

One of the advantages of ArbitragePro is that it covers very well 3 basebooks. Pinnacle, SBObet and Bet188. As a result, a huge number of arbs with Asian handicaps appear here, since these 3 basebooks are targeting Asian handicaps markets. I really can’t say that it covers Betfair or Betmate/Betdaq the same way, since many markets are missing, and there are no lay bets.

On the other hand, ArbitragePro is the fastest way to become limited. The number of covered markets is not big, and as a result, hundreds or thousands of arbers are running to the same bookmakers and the same odds at the same time. Also, this alert service is not covering markets such us: first/last goal scorer, HT/FT, exact score, etc. These are markets very essential for someone with a big bankroll. Another bad point of this alert service is that there are many bookmakers missing and also, there are no Cross Market Arbs. The fee of almost 200 Euros per month and it is very expensive for this service.

To sum up: A very stable service for many years now, but I believe it is time for ArbitragePro to present an updated version.

BetOnValue

BetBrain alert service, after it’s new shape BetOnValue, lost much of it’s reliability. Even though, BOV has one of the best market coverages in the industry, still, many markets are missing compared with the old service and that makes you ask why they did it? This is the alert service that many arbers started. It can help all types of arbers. From the very new, to the most experienced, this alert service will offer great profits. Small bankrolls, big bankrolls, it suits everyone.

The biggest advantage of BetOnValue is that it covers almost perfectly Betfair. Why is this so important? Because Betfair is the best basebook. It is the exchange with the depth that a professional arber needs. It offers a huge variety of markets, and of course, the possibility to trade. Betfair is the exchange that offers the biggest profits. BetOnValue presents lay arbs from Betfair, and I can say that no lay arb will escape from it.

BetOnValue also covers Betdaq/Betmate. This exchange has the characteristics of a basebook, but in reality it can’t compete with Betfair. It works as a supplement.

The number of markets covered by BetOnValue is really big. That means that it will take more time till you get limited, because arbers are running in a large number of directions in order to place arbs. That means that your accounts will not get labelled soon. For those who are trying to finish with tough roll over requirements, BOV gives you the option, when selecting a conditional bookmaker, to impose the minimum odds that you need, and this is useful for those who need to meet bookmakers’ conditions in regards to the minimum odds required in their promotional offers.

Also, BetOnValue is covering some very unreliable bookmakers, so you have to be very cautious when you choose a new bookmaker. Another good point of BetOnValue is that it offers Cross Market Arbs, and that makes it stronger against the competitors.  No free trials here. Also, the price is very high for this service.

SportsPunter

SportsPunter alert service is targeting the professional arber. That means that if you are starting your career in arbing now, you should leave it for a later time, just like with ArbitragePro.

One of the big advantages of SportsPunter is that it offers Cross Market Arbs, mixing handicaps with 3 way, and 2 or 3 way bets. For example, AH +0 combined with 1X2 result.

Speed is good here, so you will be one of the first to see arbs.

It also covers a big variety of markets. The possibility to be limited from bookmakers exists here also. SportsPunter is sending arbers in various directions, due to it’s great variety of markets and that guarantees that limits from bookmakers will not come fast.

OddStorm

OddStorm alert service is not covering Betfair at all, and this is a big problem for an alert service against the competition. Oddstorm needs urgently to cover Betfair. On the other hand, it covers very well the Asians basebooks and you also have a direct live chat with the webmaster. The fee for this service is 150 euros, and I believe that it is very expensive for what you get.

Greenbook and SAG will stay in touch. The next reviews will take place at the end of November. Stay tuned.

-Nikos

Nikos is the creator of Greenbook.gr and an experienced arbitrage trader of many years. See all of his alert service reviews and much more on Greenbook.gr

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The Advantages of Using a Single Major Currency

Posted by Aegist on August 23rd, 2010

Using a single major currency when arbitrage trading is advised for one major reason – if you try to place an arbitrage trade with two different currencies, then you are just making things harder for yourself. In a game where speed is of the essence, every effort you can take to streamline the process is vital. By allowing multiple currencies to creep into your bookmaker accounts, you can really handicap your performance.

If you live in a country where GBP, EUR or USD is your primary currency – then just use that currency. Lucky you, this is simple for you. But for the rest of us who live in Australia, New Zealand, Canada, Switzerland etc where our currencies are not one of the main three, we need to pick one of those three to trade in.

Of course, exchanging all of your trading capital into another currency carries risk with it – over the course of trading the currency could lose value and you could lose significant amounts of money just from that. But equally, it could gain value, and you could make much more money. This risk is annoying, but is something which you generally can’t do anything about, can’t predict, and can’t avoid. Even if you try to trade in your local currency (say AUD), then inevitably you will find yourself NEEDING to expand into the bookmakers which don’t use AUD (MOST of them!) – and then you find yourself exposed to currency fluctuation risks anyway!

The difference between trying to trade in your local currency plus one or two of the major currencies when you need to vs using just one currency, is that by using one currency all of your accounting is simple and each arb trade you place is straight forward. If you use multiple currencies, then you need to calculate the exchange rate on each trade, and you are constantly re-calculating the value of your capital (since a portion of it is always changing!). Or, if you try to simplify things and assume the value of your foreign currency is static, then you run the risk of placing arb trades which regularly result in actual losses (by converting the stronger currency to a weaker currency.)

Again, because currency can go up or down and most of us have no idea which way it is going to go, it is arguable that statistically you are just as likely to profit as you are to lose. But this is true for both approaches (local currency+major currency and major currency only), but multiple currencies still leaves you dealing with different accounts with different currencies. So when your arb calculator says to place $200 in one bookie, and $200 in the second one – you still need to convert that $200 into its actual amount in the second currency. If you are in a rush, and accidentally place $200 AUD and £200 GBP – your simple arb is suddenly a HUGE mistake. Dealing with multiple currencies is just not worth it!

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Bet Types and Betting Markets: An Explanation

Posted by Aegist on August 20th, 2010

In order to do any arbitrage trading, you need to understand what bet types are out there, what they mean and how they work. Without this understanding you won’t know whether you are covering all possible outcomes or not, nor will you know whether you are looking at all possible arbitrage scenarios. So here is a quick explanation of all of the most common bet types which you will need to understand in order to place some arbitrage bets for yourself.

Match Betting

A match between two teams or players can typically only have one of three outcomes – Team 1 wins, Team 2 wins or a draw occurs. Some sports don’t allow draws to occur, some sports only draw very rarely and some sports have draws frequently – bookmakers have a range of bets which deal with these possible outcomes.

Home – Draw – Away

The most straight forward match bettting market is the 1×2 market, or the Home-Draw-Away market. The bookmaker offers 3 different bets, one for each of the three possible outcomes – only one of the three bets can win. This market is also sometimes called a Three-way Bet.

Another Bet market within the Home-Draw-Away structure, is the Double Chance market. Double Chance bets give you the odds to cover 2 of the 3 Home-Draw-Away outcomes. ie odds to bet on Home AND Draw, or Draw AND Away, or Home AND Away.

Handicaps markets can be made on the Home-Draw-Away structure too. Some bookmakers offer Home-Draw-Away Handicaps, sometimes called ‘Match Handicap‘. These bet markets will give each side a handicap (one positive, one negative) and the draw wins if the score is even after the handicap point has been added to OR subtracted from the winning team. To clarify, you will usually have something like Home (-1), Draw (-1) and Away (+1). The handicap will only ever be applied to one team, either +1 to the underdog (‘Away’ in this example) OR -1 to the favourite . If you bet on the draw, then you can do either one, but not both. If, after the handicap, the score is even, then the handicapped draw bet will win. Just like normal 1×2 bets, only one of the three bets can possible win. Again, these bets can be called Three-way handicap bets.

Home – Away

Similar to 1×2, is the Draw-No-Bet (dnb) market. It works in basically the same way as the 1×2 – it is all about picking the game outcome – but it ignores the draw option, only worrying about which team will win; the home team or the away team. American sportsbook will often call this the Moneyline, refering to how much money you need to bet to win $100 from the favourite winning, which basically gives us the odds of that team winning. Meaning aside, the point here is that when you see the word ‘Moneyline’, you are looking at the odds for a team to win in a Draw-No-Bet market. You will also sometimes see dnb markets represented with a 1-2, copying the 1×2 denomination for a three-way bet, but replacing the x with a – for the Two-way bet.

Another market which gives the exact same results as a Draw-No-Bet market, is a zero point handicap – Usually represented with a (+0) sign, or a (pk). These bets are actually a handicap market, but because the handicap is zero points, you are actually just betting on the winner of the event – once again, ignoring the draw.

Speaking of handicaps, it is also of course possible to have a Two-way bet handicap. American books call these Pointspreads because you are betting on the spread between the two teams points – the favourite gives up the deginated number of points, or the underdog gains that number of points in the final settlement of the bets.

So what does it mean when a draw occurs with the dnb markets? While some sports simply cannot draw (because of over time and penalty shoot outs etc), there are plenty of sports which simply draw ‘rarely’, and bookmakers will often use dnb markets on these sports. When a draw does occur in these circumstances, bookmakers will either simply refund all bets in whole (this is called a push), or they will invoke the “Dead Heat Rule“, which is usually paid out as such: 50% of your bet loses, and 50% of your bet wins – meaning that you lose money if you bet on the favourite, and make money if you bet on the underdog. Bookmakers vary a bit on this point, so if you are betting on dnb markets with sports which might draw, it might be worth checking out the dead heat rule with the bookmakers you are looking at.

Asian Handicapping

An Asian handicap bet is one where there is a non-whole integer handicap given so that a draw outcome is simply impossible. Half point Handicap (+/-0.5), Quarter Point Handicap (+/-0.25 OR +0,+0.5 ) and Three Quarter Point handicaps (+/-0.75 OR +0,+0.5) can commonly be found in all forms of handicapping now, and so are often just referred to as Handicapping in a lot of bookmakers.

By using a half point handicap you can complately remove all chance of a push or dead heat result. For arbitrage purposes, this can be very useful. The quarter point and three quarter point handicaps are a little more complicated though – in effect a quarter point bet is two bets; 50% of your bet is on the whole point handicap, and 50% of the bet is on the half point handicap. This means there is a chance of ending up with half of your bet being a push, and the other half winning/losing.

Read more on Wikipedia about Asian Handicapping if you wish.

Total Score

Over Under

Most bookmakers will offer odds on the Over-Under market of sports. These are usually two way bets which use a half point to rule out any chance of a push. Rarely whole point over-unders are offered which may result in a push. The over-under market deals with what the total score of the game will be – a score is set, and you bet whether the final score will be higher or lower than that set score. In Soccer, for example, the over-under line is often about 2.5 goals, so betting ‘Over’ will win if 3 goals or more are scored, no matter which team(s) scored them. This bet market may often be seen under Total Goals #, while you may also find Total Goals applied to another bet market which offers multiple point spans (ie: 0-2, 3-5, 6 or more, for example).

Other Point Based Bets

Correct score market is for bets on the specific final score of the game. Odd/Even market is for bets on whether the final total score (sum of both teams) will be an even number or an odd number. Most other point based bets, first goal scorer etc are pretty self explanatory.

Bet Equivalences and Market Overlap

A couple of bet equivalences are worth noting along with a few more obvious market overlaps.

For a start, a Double Chance bet which covers one team with the draw is equivalent to a +0.5 asian handicap on that same team. A -0.5 handicap is exactly the same as a 1×2 bet on the same team. No team to score first is obviously equivalent to a correct score of 0-0.

As such, it is easy to see that a +0.5 handicap can be used with a three way 1×2 bet to create a simple two way bet (since the 1 or the 2 in a 1×2 are equivalent to the -0.5 handicap) arb. Similarly, a Double chance bet can be easily used with a -0.5 handicap, or with a draw bet to create an arb.

Examples of Possible Arbs and Failed Arbs

For the purposes of these examples I am going to invent two arbitrage terms – Good Coverage, and Bad Coverage. Good Coverage means that the bets that you are going to place do indeed cover all possible outcomes – they are a REAL Arb. Bad Coverage means that there is a possible outcome which will result in a loss. The bets do NOT cover all possible outcomes adequately.

Good Coverage

• TeamA (+0.5)  AND bet on TeamB in a 1×2 market is Good Coverage.
• TeamA (+0.75) AND TeamB (-0.75) is Good Coverage.
• TeamA (in a dnb, 1-2, +0 handicap market) AND Draw  AND TeamB (in a 1×2, Home-Draw-Away market) is Good Coverage.
• TeamA (+0.5)  AND TeamB (-0) is Good Coverage and a Side (chance of the losing bet being returned rather than lost)
• TeamA (+1.5) and TeamB(-0.5) is Good Coverafe and a Middle (chance of both bets winning)

Bad Coverage

• TeamA (+0.5) AND TeamB (-0.75) is Bad Coverage. If the negative handicap is ever larger than the positive handicap, the coverage is always bad.
• TeamA (1×2 market) AND TeamB (-0.5) is Bad Coverage. The draw has not been covered and both bets will lose on a draw outcome.
• TeamA (+1) in a three-way handicap market AND Team B (-1) in a two-way handicap market is bad coverage. If team B wins by 1 goal, one bet will lose and one bet will be refunded, resulting in an overall loss.

Further Reading

This article is not meant to be comprehensive of all betting markets, but hopefully the information contained here has helped you to get your head around the basics, and understand what is going on in the bookmakers where you are meant to be finding arbs. For more information on betting types, terms and jargon, try these articles:

• Discussion of this Article on ArbForum.co.uk
• BookmakerWatch.com Betting and Bet Type Glossary
• Titanbet Betting Glossary
• Wikipedia Article on Sports Betting

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Facebook Page Created for Sports Arbitrage Guide

Posted by Aegist on August 9th, 2010

Sports Arbitrage Guide has a page on Facebook for it now, where I will be occasionally be updating the wall there with any snippets of news or announcement related to SAG. This will be used as a replacement for the ‘news’ feed on the homepage eventually, and in any case will be a great way for anyone to keep up to date with all developments on SAG and with any announcements which need to be made.

Use the box below to ‘like’ the facebook page and be kept up to date with all coming Sports Arbitrage Guide developments…

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Sports Arbitrage Investment Scams

Posted by Aegist on July 8th, 2010

If you have been approached by an arbitrage trading company which is looking for investors, do not give them any of your money. Companies which can promise to make you the returns typically claimed by these types of companies (5% will never need to seek out public investors. End of story. So any company which is cold-contacting members of the public looking for investors is without doubt a scam.

I am going to re-state the above point again so that you can understand it – because this is the only argument that should be needed. If a company can promise you a return higher than a high interest bank loan, then why would they need your money? Paying you such a high premium is an unnecessary expense when they could just get a bank loan, or get some money from friends to get it started and then grow their own capital exponentially until they have more than enough money and no need to share it with anyone.

If a company can make 10% profit each month (and most promise more than this) on an uncapped volume, then you do NOT need investors. Ever. Arbitrage trading can make about 10% return per month, per trader, up to a limitted volume – thus it won’t compound past a certain amount. Companies soliciting investors publicly are trying to get a lot more than the trading limit of an arbitrage trader can handle, and promising to pay out more than a team of arbitrage traders can make.

Scam Companies LOOK REAL

This is so important. They LOOK real. They don’t print “We’re a Scam” on their brochure or their website. They imply that they are supported or affiliated with respectable companies. They claim to be licensed and verified as reliable (they are con men! They LIE!). Their websites and brochures often look really really good. They have really nice sales people who really take care of you and try their best to help you and talk to you about their grandmother who is sick and relies on their pay check to get her medication….

None of that matters. It can all be faked. It can all be made up. What cannot be faked though, is the fact that any company promising to make you high returns on an arbitrage investment never actually needs investments from the public. So don’t fall for the glitz and the polish – stick with the logic.

Scammers Use Shills

A shill is someone who pretends to be a customer or potential customer of the company in question but is in fact an employee or owner of that company. Shills are also sometimes known as sock puppets. The important thing to learn about these shills is that they aren’t always obvious. They don’t just come in and say “I’m a customer, and I like this company” – they use numerous strategies (and often several identities) to acheive a result. For example:

• A genuine person will ask for information on a scam company, and after a series of warnings by regulars and experienced members, a shill will say “I’ve read through all of this thread but have decided to give it a try anyway. I know its a risk, but I am willing to take it. Wish me luck!”. The purpose of this type of shill post is to make it sound like the ‘risk’ is worth the potential ‘reward’, confusing the other readers into thinking that the risk is only a small chance, and that the reward might actually be realised. The fact is that the risk is virtually100%, and the potential reward is a red herring – it doesn’t exist!!
• Most commonly, shills will simply report that they have been able to withdraw money from the company without troubles. They invested money, their investment grew, and they have been using it like a bank account. How great for them. Too bad it is all made up, and they are just saying it to make it sound like people are making money, and YOU are missing out!!!! Don’t fall for it.

Some Arbitrage Scams are Ponzis, Some Aren’t

It is worth noting that some companies claiming to do arbitrage trading for your profit are in fact Ponzi Schemes which take investments in for a fixed period in order to enable them to actually pay out some of their members. They aren’t actually trading for you, what they are doing is using the growing pool of investment funds to pay the small percentage of people who reach the end of their investment period who request a withdrawal. These people are then so excited that they made so much money on their investment that they often happily re-invest the money, and more importantly, happily tell everyone they know how much money they have made and how great an investment it is. These people aren’t technically shills, but they have the same effect. They create positive buzz around the ponzi scam which brings in more money, which allows the scammers to eventually close up shop and disappear with much more money than they would have been able to get without this positive buzz.

The scams which aren’t ponzis though, are typically just outright theft. They claim to pay you back your money, but when it comes to the crunch, they just delay payments for a while before ceasing all communication.

There is No Rush

A side note worth making here, is that for every company that has contacted you, there seems to be 3 or 4 others actively trading who haven’t contacted you, and more companies to follow. So if for insane reason you aren’t immediately convinced by what I have said here, remember that despite what these slick salesmen say, there really is no rush. They will take your money in a week or two weeks or a month or two if they are still around. In fact, using a time buffer is a great way of seeing some of their lies. If they claim to be accepting no more deposits after this week (or anything else like that), then wait for a week and watch them change their story.

In general though, just remember that there is no rush. Many of these companies exist, and many more will come. Take you time, read what the Australian government says in all of its warning, and what all of the experienced arbers say on ArbForum, and just consider what it will feel like to lose all of your investment.

Understanding Arbitrage Helps Avoid Scams

One of the easiest ways to immunise yourself against arbitrage scams, is simply to understand arbitrage. When the experienced arbers call ‘scam’ against investment companies on the forums it is usually because the company claiming to ‘do arbitrage’ are publicly displaying their ignorance of arbitrage on their own websites. They show daily returns on total trading capital (often showing multiple trades each day), or they show $10,000 bets with bookmakers that only accept $500 bets. These sorts of details mean nothing to the average person, but to an experienced arbitrage trader, they are dead give away’s that the company in question has never done arbitrage itself and is a complete scam.

If you aren’t interested in spending 6 months or more getting experience in arb trading yourself, then you should give the experienced arb traders on arbforum and other arbitrage forums the benefit of the doubt when they recommend against investing in an arbitrage investment company.

History Repeats Itself

This has happened over and over again already. So many of these arbitrage investment scams have been created, have scammed people out of many thousands of dollars each, then run off in to the night. Some of them have been chased by media crews, some have been put in prison, some have been harrassed by ex-victims. But most of them get away with it and start up a brand new company and do it all over again – and this time, they use all that they learnt on the previous run and do a better job!!

Important Links and Warning

Australian Competition and Consumer Commission Document on Sports Investment Scams

Sports Arbitrage Schemes on ScamWatch.gov.au

ACCC Article on Sports Arbitrage Scams

Queensland Police Arbitrage Scam Investigation

Scam Section on ArbForum.Co.Uk

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