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mySurebets, Sure Bet Bookies and SureBet Zone

Posted by Aegist on May 23rd, 2008

Wow, its a Surebet-a-thon in that title isn’t it?

First of all, mySurebets is a brand new service just launched, and I have added them to the arbitrage alert service page *and* SureBetBookies (I’m quite proud of my efficiency there, but please, hold your applause…).

Since I was updating SureBetBookies with a new alert service, I also added Oddstorm, who I embarrassingly forgot to add when I did the major update to it a few weeks ago. Sorry Oddstorm! All good now though, users can easily search Oddstorm bookies as well as any other alert service bookmakers.

I also removed Surebet Zone from the SBB database because Surebet Zone are no longer taking subscribers and are ‘restructuring’ their website. So they may be back with a change, or they may stop doing arbitrage altogether - not sure at this stage. Accordingly, they have been moved into the “Inactive” section of the alerts page.

In other news, I am actually going to finally finish the 3rd section of SAG - the how to trade section. It has been a long time coming, but I swear I’ll do it this time. I have written much of it out, just proof reading and re-structuring it so that it all makes sense - it is very difficult to explain! We are also working on growing SureBetBookies rapidly over the next few weeks. The initial goal is 150 bookmakers, but we may even make this 200 bookmakers as we are moving pretty fast now.

And finally, in light of the interest in my previous article about Arbitrage Trading as being completely neglected by the Work At Home industry - if anyone who operates a work at home blog or website is interested in writing about Sports Arbitrage (offering something *unique* to your readers), feel free to contact me for more information, more resources, or just to ask a few questions. I may also consider writing articles myself if requested.

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Do You Want To Work From Home?

Posted by Aegist on May 22nd, 2008

Do you want to make more than $10000 a month, tax free, working from home? A full time sports arbitrage trader can make around 10% of his bankroll every month in profit. With a bankroll of 40,000 that would be 4,000 tax free each month. With a bankroll of 100,000 that would be 10,000 every month - a comfortable income by anyone’s standard.

Don’t let the large numbers put you off - smaller bankrolls can actually maker proportionately more than the larger bankrolls thanks to bonuses and freebets - and thanks to compounding it isn’t too difficult to build your very own bankroll of 100,000 or more…

If you have already read through Sports Arbitrage Guide, you will find that I spend most of my time warning people about the risks of sports arbitrage. The beginner mistakes, the downfalls, and the wastes of money. If you didn’t know better, you might think I was trying to turn everyone off becoming an arbitrage trader. Obviously that isn’t my actual goal - but I do think that it is important to make sure everyone considering this possible work at home option is very aware of the risks. Now that I have already put a lot of time and energy into doing just that, I want to take some time here, now, to explain why I think arbitrage trading is by far the most underrated work at home opportunity available online.

First of all, it is underrated because it hardly scores a mention in any work at home website online. A text search of the front page of the top ten Google results for the search term Work At Home revealed that not one of them mentioned the words Arbitrage or Surebet at all. As far as the Work From Home industry is concerned, Sports Arbitrage Trading doesn’t even exist.

Secondly, it is underrated because arbitrage trading is as good as a work at home job can get. You have no boss, no time requirements, and no one to answer to (not even customers!). You are the only person to whom you are responsible, and your income is totally dictated by your time dedication and personal efficiency. You don’t have to sell anything . You don’t have to sign people up to anything. You don’t have to put yourself in awkward situations. There is no commuting - no petrol costs, or wasted travel time.

Thirdly, there is no commitment step with arbitrage. If at any time you decide that you don’t enjoy it, that you aren’t doing very well, or are just tired of it, it is very easy to pull the plug and go back to life as usual. While capital is required to trade, that capital is permanently under your control. You never ‘invest’ it in anything which later forces you to keep working until you can earn back your investment.

Finally - the possible income is significantly larger than nearly every other work at home job. I know of people who are making more than $10000 every month, tax free. It is possible, and this isn’t like MLM’s where there is someone at the ‘top’ making lots of money telling other plebs that they can do it too - if anything arbitrage is the opposite. The people making the most money usually tell others not to do it. Partly because they have no incentive to invite new people into their industry, and partly because they fear sharing will cut their profits. Nonetheless, the arbitrage industry has been consistently growing for more than 4 years now, and professional traders are still breaking records and making more profits than at any time in their trading history. The evidence is in: more people trading has not had a negative impact on the profitability of professional arbitrage trading.

Work From Home

So, if you have found your way to this article because you are looking for a way to work from home - then take the time to find out how Sports Arbitrage trading works, and whether you are someone who might be able to use it (not everyone can…).

And for those of you who run an arbitrage alert service; the ‘Work at Home’ industry is huge - and until now completely untapped by any sports arbitrage company. Take advantage of that fact and advertise to them. You have exactly what they are looking for - help them know that.

1. Learn more about what sports arbitrage trading is here
2. Learn about all of the tools used by sports arbitrage traders here
3. Learn more about how to start trading here

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Matched Betting - Easy Profits

Posted by Aegist on May 21st, 2008

Question: What is the easiest way to make a quick £100 profit while arbing with only a small bankroll?

Well, Matched Betting is a term I have only just come across, but it seems to be a common one which I simply hadn’t encountered. I used to call it Bonus Arbitrage, or simply Bonus Hunting, but it seems that everyone who didn’t know Arbitrage trading existed simply called it matched betting - and it the easiest way to make some easy bonus cash while arbing.

The concept is simple - claim a freebet or bonus from a bookmaker and then instead of ‘risking’ that freebet, you ‘match’ your bet with a corresponding bet at another bookmaker. By using the right technique you can guarantee that you will keep around 90% of the original freebet (stake not returned*) or even as much as 100% of a bonus (stake returned*). Most freebets range between £25-£50, while some bonuses get as large as having several hundred pounds on offer. Free money to those in a position to take advantage of it.

Before I explain the best way to claim this bonus money, lets quickly explain what ‘Stake Returned’ and ‘Stake Not Returned’ mean. Nearly all bonus offers available come in one of these two forms:

Stake Returned (SR) offers are usually added to your bankroll and treated like normal real money in your account. When you place a bet, there is no differentiation made between the bonus money and your real money. So when you place a bet and it wins, your winnings include the initial stake (£50 on odds of 2.00 gives you £100 back).

In order to stop people taking advantage of these offers, bookmakers place turnover requirements on these bonuses. If the specified volume of betting turnover isn’t reached before you try to withdraw, then the bookmaker will take their bonus money back.

Stake Not Returned (SNR) offers are usually kept separate from your normal betting account, and are identified as ‘Free Bets’ or ‘Bonus Money’. They need to be treated separately to your normal funds because when you place a bet using your freebet funds, if it wins the stake isn’t returned (£50 Freebet (SNR) on odds of 2.00 gives you £50 back if it wins).

Most bookmakers include turnover requirements before you can withdraw any winnings from your freebets, however, if your freebet loses there is no turnover requirement on your normal funds.

1. Read the Conditions

Before you can arb out either type of bonus you need to take the time to read the terms and conditions of the bonus. Don’t skim it - read it. Read it twice. These are the rules which you *must* play by when taking this money - it is a small task when you consider how easily you are going to be making money from doing this.

Once you have thoroughly read the conditions then you will know what turnover is required before you can withdraw, you will know what the turnover is based on (usually the lesser of the winnings or the stake - sometimes based on the stake, but only if the odds bet on are great than 1.50, or 2.00 etc), and any other conditions to be met. And finally you are at the stage where you can deposit money and claim the bonus (where possible - some bonus are based on your first bet).

2. Stake Returned Offers

When working with SR bonuses there is really nothing special outside of general arbitrage trading that you need to be aware of. Place normal arbitrage trades with this bookmaker. If you are lucky, the side with the bonus money will always lose and you will empty your account at that bookmaker. The turnover requirement is no longer a concern because you don’t need to withdraw.

If you aren’t so lucky, you will win some and lose some at the bookmaker with the bonus - this isn’t a problem at all, it just means you will have to keep arbing until you have met the turnover requirement - hopefully you won’t want to withdraw before that point.

Depending on how the conditions are set, it is usually a good idea to stick to arbs with odds around evens for when rolling over your turnover requirement. This is because most bookmakers only count the lesser of the two sums - the stake or the winnings - anda t even odds, they are the same amount. Meanwhile if you back odds of, say, 9.00, then your stake may be only $100 but will win $800, and if it does win, then you end up with $800 of your bankroll trapped in this bookmaker which you are unable to withdraw from (without forfeiting some profit anyway), and the bet will have only added another $100 to your overall turnover requirement.

3. Stake Not Returned Offers

Working with SNR offers is very different to working with SR offers because you first have to make your potential profit a real profit. To do this, we want to place our Freebet (our SNR money) on the highest odds we can find in a two way situation (draw no bet, over/under, back/lay etc), and then we cover the other outcome at a different bookmaker.

The reason for using the longest odds we can find is twofold. Firstly, we want it to lose. If the freebet loses, then we have no turnover requirements (and the other side covers the loss and maintains the freebet profit). Secondly, the longer the odds the greater the percentage of the freebet we get to keep. This remains true regardless of whether the odds we are using create an arbitrage situation or not. See the following image for examples of possible scenarios:

Note how the arbitrage situation (+ or - 1%) does have an affect on the profit, but is insignificant compared to the affect of whether your freebet is placed on long odds or short odds. So you really do need to try to get the longest odds you can get - preferably up around 10.00.

Once you place your Freebet and then lay it off at a betting exchange, or cover the other remaining outcome (following all of the standard rule mismatch concerns with normal arbitrage) you simply wait for the freebet to lose. If the freebet does win, then you will unfortunately end up with a lot more money in that account, and have a turnover requirement to meet (specified in the bookmakers terms and conditions with the freebet). At this point, what to do becomes identical to the strategy with SNR offers - you have to arb the money out like normal. Place arbs, hopefully lose the money out, but worst case scenario you simply place enough bets to meet the turnover requirements, then you will be free to withdraw.

4. Outcome

By taking advantage of these offers, it is just so easy to get amounts like £25, £50, and even as much as £250 in some rare cases really quite easily in the course of normal arbitrage trading. The bookmakers usually aren’t put out by it, because in the ideal situation you are actually losing to them anyway. Where you do win with them (they never like this), you have done so in a way which has provided ample opportunity for them to profit - you have met their turnover requirement, and not taken advantage of them in any way. One pointer for this part though - never meet the turnover requirement exactly, and then withdraw everything. Always go a bit over the turnover. Always place a couple more bets than you strictly need to. Don’t run the risk of really pissing them off.

So go out, find freebets and bonus offers - claim them, roll them over, and then move to the next book and do the same. You can usually work 3 or 4 bonuses at once very easily, and as you find you have funds available, open a new book and start working their bonus. SureBetBookies lists bonuses on offer at sportsbooks, plus the alert services which uses that sportsbook - check it out to find sportsbooks you can arb and bonus hunt with.

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