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How To Become A Successful Sports Arbitrage Trader
1
The gaming industry is one of the largest and fastest growing industries in the world Its growth has mushroomed in the past decade thanks to the internet For the most part it remains true that in the long-run the house always wins However for some time now a few individuals have been taking advantage of little-known anomalies in the global sports-betting markets in order to make guaranteed risk-free profits at the expense of the bookmakers
These individuals are sports-arbitrage traders
It takes the average trainee sports-arbitrage trader 4-6 weeks to become proficient This initial training period is almost entirely hands-on although stakes should be kept at a nominal level so as to minimise the impact of rookie mistakes The tools provided by Sports Arbitrage World will assist you at every stage of your project - from setting up your bookmaker accounts at the beginning to making your trading processes as efficient as possible when you become active
To begin with however you should allow yourself 20-30 minutes to read through this short minicourse which will provide you with
1 - a full understanding of the opportunity
2 - a full understanding of the structure of a sports-arbitrage trade
3 - a full understanding of the requirements for success
4 - a plan to enable ultra-efficient preparation prior to starting your project
5 - an overview of how to find your own risk-free bets
6 - advice on how to take your trading to the professional level
This minicourse has been written to provide you with an introduction to the principles involved in sports arbitrage Log into the TraderZone to purchase your Trader Pack which includes the Hardback Version of Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah
Sports Arbitrage World provides professional toolsfor sports arbitrage traders around the world
Click here to try out our complete range of software guides amp videos for free
Click here to contact our professional Trader Support Desk at any time for any type of assistance or guidance with your trading
INTRODUCTION
How To Become A Successful Sports Arbitrage Trader
2
THE OPPORTUNITY
Sports-arbitrage involves betting on all possible outcomes of a sporting event using the best prices offered by competing bookmakers The result for the trader is a guaranteed profit independent of the result of the sporting event A competent sports-arbitrage trader can easily make more than pound2500 per month trading on a part-time basis With adequate capital however a full-time trader can expect to earn 4 or 5 times this amount consistently
FOR MOST TRADERS INCOME EARNED FROM SPORTS ARBITRAGE IS TAX-FREE
Using sports-arbitrage you can make money at home using your computer at your convenience You will remain independent and in control of every aspect of your project This activity is completely legal wherever online gambling is legal its tried tested and proven to work consistently and it doesnt involve recruiting or selling Moreover in many parts of the world the profits you make are tax-free
As a work-from-home project sports-arbitrage stands out because it is risk-free to investigate and try and the profits you make correlate directly to the amount of time amp effort you put into your project without reliance upon anyone else
bull you can learn most of what you need to for freebull you can open the necessary bookmaker accounts for freebull you can receive live arbitrage trades to your desktop for free
In so doing you may fully investigate the opportunity without any risk and if you decide to trade during this initial period you should also end with a profit irrespective of whether you decide to continue beyond the trial
Additionally as you start your trading project you will receive a significant number of free bets andor deposit bonuses from the bookmakers you join When combined with arbitrage trading techniques these bonuses can easily be liberated as pure profit and will contribute to your overall trading capital On average you can expect to make around pound2500 this way - how many other work-from-home opportunities actually pay you to see if they suit you
The main restriction faced by a new sports-arbitrage trader is the amount of trading capital required On average an active trader can expect to make a monthly profit equal to about 10 of his or her capital Thus in order to make the types of profits mentioned at the start of this chapter you will require a trading-capital base of at least pound25000
However if you have less than this you can still take advantage of the opportunity but your progress will be a little slower If you are able to leave your profits to accumulate then you will find your trading capital increasing rapidly month-to-month as you take advantage of the power of compounding As a guide most novice traders start with about pound5000 capital
So now you know what is possible with sports-arbitrage lets take a look what is involved
How To Become A Successful Sports Arbitrage Trader
3
WHAT IS SPORTS ARBITRAGE
Arbitrage is defined by the Compact Oxford English Dictionary as the simultaneous buying and selling of assets in different markets or in derivative forms taking advantage of the differing prices
Sports-Arbitrage opportunities appear everyday between the large number of worldwide sports bookmakers in existence and this enables traders to place risk-free bets The trader sets up his bets in such a way that all outcomes are covered and no matter which bet eventually pays out the receipts are always greater than the total investment
A pre-season NFL match between Atlanta amp Jacksonville gave us the following market-anomaly between William Hill amp Gamebookers
ATLANTA GAMEBOOKERS 185
JACKSONVILLE WILLIAM HILL 250
This arbitrage yields a profit of about 6
To win pound1000 if Atlanta wins one has to bet pound54050 at Gamebookers
(pound1000 185 = pound54050) or alternatively (pound54050 x 185 = pound1000)
To win pound1000 if Jacksonville wins one has to bet pound40000 at William Hill
(pound1000 250 = pound40000) or alternatively (pound40000 x 250 = pound1000)
In total in order to be guaranteed a win of pound1000 irrespective of which teams wins
one has to spend pound54050 + pound400 = pound94050
Spending pound94050 to Win pound1000 means that The risk-free profit on this trade is pound5950
Trading opportunities in sports-arbitrage markets are almost endless and always renewing themselves event after event
How To Become A Successful Sports Arbitrage Trader
4
UNDERSTANDING ODDS
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
UK-Style(these prices look like
fractions)
EU-Style(these prices look like
decimals)
US-Style(these prices look like
+ or - numbers)
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
11(evens)
200 +100
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
21 300 +200
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
31 400 +300
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
12 150 -200
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
13 133 -300
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
14 125 -400
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
How To Become A Successful Sports Arbitrage Trader
5
THE SPORTS ARBITRAGE FORMULA
Arbitrage trades are expressed as a percentage
This percentage is calculated by dividing 1 by each set of odds and then adding them together
1 185 = 54051 250 = 4000
5405 + 4000 = 9405
This percentage 9405 is the ratio of your Investment to Winnings
Once you have converted the price of each bet into a percentage you then take your intended Win amount and multiply it by each percentage to find out how much you should bet on each outcome
pound1000 x 5405 = pound54050 This is the amount you will bet on Atlanta at 185 with Gamebookers
pound1000 x 4000 = pound40000 This is the amount you will bet on Jacksonville at 250 with William Hill
In other words if your winnings are pound1000 as used in the example above the two bets add up to pound94050 ie 9405 of the winnings This effectively means that 595 of the winnings is profit You may hear the arb described as a 9405 arb or a 595 arb These mean the same thing
The same technique is used no matter how many outcomes there are in a trade For example in soccer there will usually be 3 bets to place Home Win Away Win and Draw In these cases the percentages for the 3 bets are calculated as above and the results will tell you how much to stake on each bet
Remember though during your normal trading activities you will not need to make these calculations manually - your software will do it all automatically for you
So now you know what a sports-arbitrage trade is lets take a look whats required before you can take advantage
How To Become A Successful Sports Arbitrage Trader
6
HOW DO I GET STARTED AS A TRADER
If you are excited by what you have learned so far about sports-arbitrage thats an excellent start However if you want to be assured of success in your project you must make certain preparations before diving in
bull COMPUTER
Minimum Spec 1Ghz Processor 1GB RAM 80GB Hardrive Windows XP
You can also use just about any modern Mac although you will probably want to run helper software that allows you to use Windows programs on your Mac
bull INTERNET CONNECTION
Broadband internet is essential - the faster the better A back-up dial-up account will also be useful both for emergencies and those occasions where you may require a different IP Address
bull SOFTWARE
1 ArbSurfer Pro (specialised internet browser)2 ArbAlarm (arbitrage trade notification)3 Microsoft Money or Intuit Quicken (accounting)4 An email program (eg Windows Mail)5 Skype (instant message amp internet phone)
Many traders work in teams and Skype is an excellent free way to keep in touch instantly Coupled with a headset or mic amp speakers its also a very convenient way to call bookmakers whilst keeping your hands free to place bets online
bull CAPITAL
The amount of trading capital you require will depend largely upon your goals (see the table overleaf)
bull ONLINE WALLETS
These are accounts into which you can place deposits and which will act as a central holding account for a number of bookmakers The largest and most widely-used online wallets are currently wwwnetellercom and wwwmoneybookerscom and you should set up accounts with each of them
How To Become A Successful Sports Arbitrage Trader
7
HOW DO I GET STARTED AS A TRADER
Just starting outTrading capital pound2500 - pound5000
Part-time tradingTrading capital
pound10000 - pound15000
Full-time tradingpound25000 - pound30000
Professional trading
pound35000 - pound150000
Since all of your bets should be low value at this stage pound5000 is
enough to allow you to place funds with 30-40 bookmakers and get the ball rolling Your
profits will be very low but your goal here should be gaining
experience You are bound to make some mistakes so its better to lose small stakes which can easily be
made up later on You should be using your ArbAlarm trial at this stage - being able to see when and where live arbs appear is a
great shortcut to gaining the significant
knowledge
If you have other commitments and plan to trade for a couple of
hours during the evenings and perhaps over the weekends
once you are confident in your processes you are going to need to
increase your capital in order to ensure that the time you spend
generates a worthwhile extra income Your stakes will be larger now and its going to be important to make sure that the periods during which you are trading are used as
effectively as possible and a big part of this
will be having funds on account so that you are
able to execute your trades with minimum delay ArbAlarm will deliver live arbitrage information to your
desktop when you need it and this will greatly enhance your trading
productivity
Full-time doesnt actually mean trading 8
hours a day It really refers to the level of
commitment and goals associated with your trading At this level
you are almost certainly working from home and willing and able to trade 3 to 4 hours each day and more during certain busy periods of the year You should be
using ArbAlarm consistently and making it pay
handsomely each month
At this level sports-
arbitrage and other
techniques such as Middles
trading are your main
occupations 6-8 hours of trading each
day - research and execution - will not be
uncommon
pound300 - pound400
Likely Profit Per Month
pound5000 - pound15000pound2500 - pound3500pound1000 - pound1500
How To Become A Successful Sports Arbitrage Trader
8
HOW DO I GET STARTED AS A TRADER
bull BANKING
Although you can trade from many different places in the world it is easier and cost-effective if you are able to set up bank and credit card accounts in the UK This is because all UK bookmakers and some non-UK bookmakers allow free deposits and withdrawal from UK debit cards (and some UK credit cards)
If you are not based in the UK you might want to consider opening a UK bank account the next time you are here and then do all of your trading in British Pounds If this is not possible dont worry too much - all it means is that you will face slightly higher transaction costs at the start of your business As long as you trade frequently your profits will overshadow your costs considerably
In any case you should set up separate accounts (bank and credit card) for your trading form your personal day-to-day accounts Mixing arbitrage transactions with shopping bills and mortgage payments will lead to complications and possible accounting errors once your trading takes off
You will need a bank account which will give you easy online access You want to be able to check your balances and make transfers conveniently and doing all of this online is the most convenient Telephone-banking is a distant second and you should completely forget about trying to trade whilst using an account with no such facilities
The best account to get is the one offered by Citibank because with it you get not only a Sterling-based current account but one denominated in Euros and one denominated in US Dollars Transfers between the different accounts are instant and performed at very good rates of exchange
If you cannot open an account with Citibank then try First Direct They also offer US Dollar accounts although transfers between your Sterling and Dollar accounts will not be quite as smooth as with Citibank However they have exceptional customer service and very convenient online facilities
Banks requirements for opening accounts vary from time to time so you should check their websites for the latest terms However when you apply dont mention that you intend to use the accounts to facilitate sports-arbitrage trading Its usually best not to mention anything related to gambling when dealing with financial institutions
How To Become A Successful Sports Arbitrage Trader
9
HOW DO I GET STARTED AS A TRADER
bull CREDIT CARDS
You will also require at least one credit card For the purposes of trading only Visa credit cards will do Mastercard has taken a stance against gaming and you will not be able to use a Mastercard at most bookmakers
The bank you use for your trading account will probably be able to offer you a credit card as well Take them up on this with as high a credit limit as they will give you It is useful to have at least one spare credit card but most traders have a collection of 3 or more You may not use them often but its better to have them available than to be left high and dry in the middle of a trading scenario
bull BOOKMAKERS
Before you can begin to trade you will need to set up accounts with a large number of bookmakers It is a very good idea to set up your accounts well before you start to trade - attempting to set up accounts as and when you need them will result in a lot of wasted time and opportunities for you later on
Youll find a comprehensive list of bookmakers ratings amp reviews at wwwbookmakerreviewscom
In most cases you will be able to open accounts without depositing any funds This is advantageous as it allows you to make your preparations even if your trading capital is not yet fully at your disposal
Both ArbSurfer Starter and ArbSurfer Pro contain a comprehensive list of bookmakers and this list is synchronised with the list of bookmakers scanned by ArbAlarm
Setting up such a large number of accounts can be a daunting and time-consuming task using ArbSurfer to open your accounts is the most efficient method possible as the software auto-completes the majority of each form for you Once you have downloaded and installed the software you will be taken through a set-up wizard Follow this through and set up a Profile After this you can use the links provided in the software to visit each bookmaker sites sign-up page and the software will automatically fill out the forms with the data you have provided in your Profile In some cases you may be required to type in a verification code or other data not contained within the Profile and then you simply submit the form
Some of the bookmakers will set up your account with the username and password combination you placed in your Profile Others will assign random log-in codes for you and email them to you In any case whenever you set up a new bookmaker account take the time to write down the bookmakers address and the log-in codes so that you have a record of them ArbSurfer will remember all of your codes for you and even log you into the sites automatically when you visit them
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
2
THE OPPORTUNITY
Sports-arbitrage involves betting on all possible outcomes of a sporting event using the best prices offered by competing bookmakers The result for the trader is a guaranteed profit independent of the result of the sporting event A competent sports-arbitrage trader can easily make more than pound2500 per month trading on a part-time basis With adequate capital however a full-time trader can expect to earn 4 or 5 times this amount consistently
FOR MOST TRADERS INCOME EARNED FROM SPORTS ARBITRAGE IS TAX-FREE
Using sports-arbitrage you can make money at home using your computer at your convenience You will remain independent and in control of every aspect of your project This activity is completely legal wherever online gambling is legal its tried tested and proven to work consistently and it doesnt involve recruiting or selling Moreover in many parts of the world the profits you make are tax-free
As a work-from-home project sports-arbitrage stands out because it is risk-free to investigate and try and the profits you make correlate directly to the amount of time amp effort you put into your project without reliance upon anyone else
bull you can learn most of what you need to for freebull you can open the necessary bookmaker accounts for freebull you can receive live arbitrage trades to your desktop for free
In so doing you may fully investigate the opportunity without any risk and if you decide to trade during this initial period you should also end with a profit irrespective of whether you decide to continue beyond the trial
Additionally as you start your trading project you will receive a significant number of free bets andor deposit bonuses from the bookmakers you join When combined with arbitrage trading techniques these bonuses can easily be liberated as pure profit and will contribute to your overall trading capital On average you can expect to make around pound2500 this way - how many other work-from-home opportunities actually pay you to see if they suit you
The main restriction faced by a new sports-arbitrage trader is the amount of trading capital required On average an active trader can expect to make a monthly profit equal to about 10 of his or her capital Thus in order to make the types of profits mentioned at the start of this chapter you will require a trading-capital base of at least pound25000
However if you have less than this you can still take advantage of the opportunity but your progress will be a little slower If you are able to leave your profits to accumulate then you will find your trading capital increasing rapidly month-to-month as you take advantage of the power of compounding As a guide most novice traders start with about pound5000 capital
So now you know what is possible with sports-arbitrage lets take a look what is involved
How To Become A Successful Sports Arbitrage Trader
3
WHAT IS SPORTS ARBITRAGE
Arbitrage is defined by the Compact Oxford English Dictionary as the simultaneous buying and selling of assets in different markets or in derivative forms taking advantage of the differing prices
Sports-Arbitrage opportunities appear everyday between the large number of worldwide sports bookmakers in existence and this enables traders to place risk-free bets The trader sets up his bets in such a way that all outcomes are covered and no matter which bet eventually pays out the receipts are always greater than the total investment
A pre-season NFL match between Atlanta amp Jacksonville gave us the following market-anomaly between William Hill amp Gamebookers
ATLANTA GAMEBOOKERS 185
JACKSONVILLE WILLIAM HILL 250
This arbitrage yields a profit of about 6
To win pound1000 if Atlanta wins one has to bet pound54050 at Gamebookers
(pound1000 185 = pound54050) or alternatively (pound54050 x 185 = pound1000)
To win pound1000 if Jacksonville wins one has to bet pound40000 at William Hill
(pound1000 250 = pound40000) or alternatively (pound40000 x 250 = pound1000)
In total in order to be guaranteed a win of pound1000 irrespective of which teams wins
one has to spend pound54050 + pound400 = pound94050
Spending pound94050 to Win pound1000 means that The risk-free profit on this trade is pound5950
Trading opportunities in sports-arbitrage markets are almost endless and always renewing themselves event after event
How To Become A Successful Sports Arbitrage Trader
4
UNDERSTANDING ODDS
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
UK-Style(these prices look like
fractions)
EU-Style(these prices look like
decimals)
US-Style(these prices look like
+ or - numbers)
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
11(evens)
200 +100
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
21 300 +200
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
31 400 +300
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
12 150 -200
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
13 133 -300
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
14 125 -400
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
How To Become A Successful Sports Arbitrage Trader
5
THE SPORTS ARBITRAGE FORMULA
Arbitrage trades are expressed as a percentage
This percentage is calculated by dividing 1 by each set of odds and then adding them together
1 185 = 54051 250 = 4000
5405 + 4000 = 9405
This percentage 9405 is the ratio of your Investment to Winnings
Once you have converted the price of each bet into a percentage you then take your intended Win amount and multiply it by each percentage to find out how much you should bet on each outcome
pound1000 x 5405 = pound54050 This is the amount you will bet on Atlanta at 185 with Gamebookers
pound1000 x 4000 = pound40000 This is the amount you will bet on Jacksonville at 250 with William Hill
In other words if your winnings are pound1000 as used in the example above the two bets add up to pound94050 ie 9405 of the winnings This effectively means that 595 of the winnings is profit You may hear the arb described as a 9405 arb or a 595 arb These mean the same thing
The same technique is used no matter how many outcomes there are in a trade For example in soccer there will usually be 3 bets to place Home Win Away Win and Draw In these cases the percentages for the 3 bets are calculated as above and the results will tell you how much to stake on each bet
Remember though during your normal trading activities you will not need to make these calculations manually - your software will do it all automatically for you
So now you know what a sports-arbitrage trade is lets take a look whats required before you can take advantage
How To Become A Successful Sports Arbitrage Trader
6
HOW DO I GET STARTED AS A TRADER
If you are excited by what you have learned so far about sports-arbitrage thats an excellent start However if you want to be assured of success in your project you must make certain preparations before diving in
bull COMPUTER
Minimum Spec 1Ghz Processor 1GB RAM 80GB Hardrive Windows XP
You can also use just about any modern Mac although you will probably want to run helper software that allows you to use Windows programs on your Mac
bull INTERNET CONNECTION
Broadband internet is essential - the faster the better A back-up dial-up account will also be useful both for emergencies and those occasions where you may require a different IP Address
bull SOFTWARE
1 ArbSurfer Pro (specialised internet browser)2 ArbAlarm (arbitrage trade notification)3 Microsoft Money or Intuit Quicken (accounting)4 An email program (eg Windows Mail)5 Skype (instant message amp internet phone)
Many traders work in teams and Skype is an excellent free way to keep in touch instantly Coupled with a headset or mic amp speakers its also a very convenient way to call bookmakers whilst keeping your hands free to place bets online
bull CAPITAL
The amount of trading capital you require will depend largely upon your goals (see the table overleaf)
bull ONLINE WALLETS
These are accounts into which you can place deposits and which will act as a central holding account for a number of bookmakers The largest and most widely-used online wallets are currently wwwnetellercom and wwwmoneybookerscom and you should set up accounts with each of them
How To Become A Successful Sports Arbitrage Trader
7
HOW DO I GET STARTED AS A TRADER
Just starting outTrading capital pound2500 - pound5000
Part-time tradingTrading capital
pound10000 - pound15000
Full-time tradingpound25000 - pound30000
Professional trading
pound35000 - pound150000
Since all of your bets should be low value at this stage pound5000 is
enough to allow you to place funds with 30-40 bookmakers and get the ball rolling Your
profits will be very low but your goal here should be gaining
experience You are bound to make some mistakes so its better to lose small stakes which can easily be
made up later on You should be using your ArbAlarm trial at this stage - being able to see when and where live arbs appear is a
great shortcut to gaining the significant
knowledge
If you have other commitments and plan to trade for a couple of
hours during the evenings and perhaps over the weekends
once you are confident in your processes you are going to need to
increase your capital in order to ensure that the time you spend
generates a worthwhile extra income Your stakes will be larger now and its going to be important to make sure that the periods during which you are trading are used as
effectively as possible and a big part of this
will be having funds on account so that you are
able to execute your trades with minimum delay ArbAlarm will deliver live arbitrage information to your
desktop when you need it and this will greatly enhance your trading
productivity
Full-time doesnt actually mean trading 8
hours a day It really refers to the level of
commitment and goals associated with your trading At this level
you are almost certainly working from home and willing and able to trade 3 to 4 hours each day and more during certain busy periods of the year You should be
using ArbAlarm consistently and making it pay
handsomely each month
At this level sports-
arbitrage and other
techniques such as Middles
trading are your main
occupations 6-8 hours of trading each
day - research and execution - will not be
uncommon
pound300 - pound400
Likely Profit Per Month
pound5000 - pound15000pound2500 - pound3500pound1000 - pound1500
How To Become A Successful Sports Arbitrage Trader
8
HOW DO I GET STARTED AS A TRADER
bull BANKING
Although you can trade from many different places in the world it is easier and cost-effective if you are able to set up bank and credit card accounts in the UK This is because all UK bookmakers and some non-UK bookmakers allow free deposits and withdrawal from UK debit cards (and some UK credit cards)
If you are not based in the UK you might want to consider opening a UK bank account the next time you are here and then do all of your trading in British Pounds If this is not possible dont worry too much - all it means is that you will face slightly higher transaction costs at the start of your business As long as you trade frequently your profits will overshadow your costs considerably
In any case you should set up separate accounts (bank and credit card) for your trading form your personal day-to-day accounts Mixing arbitrage transactions with shopping bills and mortgage payments will lead to complications and possible accounting errors once your trading takes off
You will need a bank account which will give you easy online access You want to be able to check your balances and make transfers conveniently and doing all of this online is the most convenient Telephone-banking is a distant second and you should completely forget about trying to trade whilst using an account with no such facilities
The best account to get is the one offered by Citibank because with it you get not only a Sterling-based current account but one denominated in Euros and one denominated in US Dollars Transfers between the different accounts are instant and performed at very good rates of exchange
If you cannot open an account with Citibank then try First Direct They also offer US Dollar accounts although transfers between your Sterling and Dollar accounts will not be quite as smooth as with Citibank However they have exceptional customer service and very convenient online facilities
Banks requirements for opening accounts vary from time to time so you should check their websites for the latest terms However when you apply dont mention that you intend to use the accounts to facilitate sports-arbitrage trading Its usually best not to mention anything related to gambling when dealing with financial institutions
How To Become A Successful Sports Arbitrage Trader
9
HOW DO I GET STARTED AS A TRADER
bull CREDIT CARDS
You will also require at least one credit card For the purposes of trading only Visa credit cards will do Mastercard has taken a stance against gaming and you will not be able to use a Mastercard at most bookmakers
The bank you use for your trading account will probably be able to offer you a credit card as well Take them up on this with as high a credit limit as they will give you It is useful to have at least one spare credit card but most traders have a collection of 3 or more You may not use them often but its better to have them available than to be left high and dry in the middle of a trading scenario
bull BOOKMAKERS
Before you can begin to trade you will need to set up accounts with a large number of bookmakers It is a very good idea to set up your accounts well before you start to trade - attempting to set up accounts as and when you need them will result in a lot of wasted time and opportunities for you later on
Youll find a comprehensive list of bookmakers ratings amp reviews at wwwbookmakerreviewscom
In most cases you will be able to open accounts without depositing any funds This is advantageous as it allows you to make your preparations even if your trading capital is not yet fully at your disposal
Both ArbSurfer Starter and ArbSurfer Pro contain a comprehensive list of bookmakers and this list is synchronised with the list of bookmakers scanned by ArbAlarm
Setting up such a large number of accounts can be a daunting and time-consuming task using ArbSurfer to open your accounts is the most efficient method possible as the software auto-completes the majority of each form for you Once you have downloaded and installed the software you will be taken through a set-up wizard Follow this through and set up a Profile After this you can use the links provided in the software to visit each bookmaker sites sign-up page and the software will automatically fill out the forms with the data you have provided in your Profile In some cases you may be required to type in a verification code or other data not contained within the Profile and then you simply submit the form
Some of the bookmakers will set up your account with the username and password combination you placed in your Profile Others will assign random log-in codes for you and email them to you In any case whenever you set up a new bookmaker account take the time to write down the bookmakers address and the log-in codes so that you have a record of them ArbSurfer will remember all of your codes for you and even log you into the sites automatically when you visit them
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
3
WHAT IS SPORTS ARBITRAGE
Arbitrage is defined by the Compact Oxford English Dictionary as the simultaneous buying and selling of assets in different markets or in derivative forms taking advantage of the differing prices
Sports-Arbitrage opportunities appear everyday between the large number of worldwide sports bookmakers in existence and this enables traders to place risk-free bets The trader sets up his bets in such a way that all outcomes are covered and no matter which bet eventually pays out the receipts are always greater than the total investment
A pre-season NFL match between Atlanta amp Jacksonville gave us the following market-anomaly between William Hill amp Gamebookers
ATLANTA GAMEBOOKERS 185
JACKSONVILLE WILLIAM HILL 250
This arbitrage yields a profit of about 6
To win pound1000 if Atlanta wins one has to bet pound54050 at Gamebookers
(pound1000 185 = pound54050) or alternatively (pound54050 x 185 = pound1000)
To win pound1000 if Jacksonville wins one has to bet pound40000 at William Hill
(pound1000 250 = pound40000) or alternatively (pound40000 x 250 = pound1000)
In total in order to be guaranteed a win of pound1000 irrespective of which teams wins
one has to spend pound54050 + pound400 = pound94050
Spending pound94050 to Win pound1000 means that The risk-free profit on this trade is pound5950
Trading opportunities in sports-arbitrage markets are almost endless and always renewing themselves event after event
How To Become A Successful Sports Arbitrage Trader
4
UNDERSTANDING ODDS
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
UK-Style(these prices look like
fractions)
EU-Style(these prices look like
decimals)
US-Style(these prices look like
+ or - numbers)
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
11(evens)
200 +100
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
21 300 +200
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
31 400 +300
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
12 150 -200
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
13 133 -300
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
14 125 -400
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
How To Become A Successful Sports Arbitrage Trader
5
THE SPORTS ARBITRAGE FORMULA
Arbitrage trades are expressed as a percentage
This percentage is calculated by dividing 1 by each set of odds and then adding them together
1 185 = 54051 250 = 4000
5405 + 4000 = 9405
This percentage 9405 is the ratio of your Investment to Winnings
Once you have converted the price of each bet into a percentage you then take your intended Win amount and multiply it by each percentage to find out how much you should bet on each outcome
pound1000 x 5405 = pound54050 This is the amount you will bet on Atlanta at 185 with Gamebookers
pound1000 x 4000 = pound40000 This is the amount you will bet on Jacksonville at 250 with William Hill
In other words if your winnings are pound1000 as used in the example above the two bets add up to pound94050 ie 9405 of the winnings This effectively means that 595 of the winnings is profit You may hear the arb described as a 9405 arb or a 595 arb These mean the same thing
The same technique is used no matter how many outcomes there are in a trade For example in soccer there will usually be 3 bets to place Home Win Away Win and Draw In these cases the percentages for the 3 bets are calculated as above and the results will tell you how much to stake on each bet
Remember though during your normal trading activities you will not need to make these calculations manually - your software will do it all automatically for you
So now you know what a sports-arbitrage trade is lets take a look whats required before you can take advantage
How To Become A Successful Sports Arbitrage Trader
6
HOW DO I GET STARTED AS A TRADER
If you are excited by what you have learned so far about sports-arbitrage thats an excellent start However if you want to be assured of success in your project you must make certain preparations before diving in
bull COMPUTER
Minimum Spec 1Ghz Processor 1GB RAM 80GB Hardrive Windows XP
You can also use just about any modern Mac although you will probably want to run helper software that allows you to use Windows programs on your Mac
bull INTERNET CONNECTION
Broadband internet is essential - the faster the better A back-up dial-up account will also be useful both for emergencies and those occasions where you may require a different IP Address
bull SOFTWARE
1 ArbSurfer Pro (specialised internet browser)2 ArbAlarm (arbitrage trade notification)3 Microsoft Money or Intuit Quicken (accounting)4 An email program (eg Windows Mail)5 Skype (instant message amp internet phone)
Many traders work in teams and Skype is an excellent free way to keep in touch instantly Coupled with a headset or mic amp speakers its also a very convenient way to call bookmakers whilst keeping your hands free to place bets online
bull CAPITAL
The amount of trading capital you require will depend largely upon your goals (see the table overleaf)
bull ONLINE WALLETS
These are accounts into which you can place deposits and which will act as a central holding account for a number of bookmakers The largest and most widely-used online wallets are currently wwwnetellercom and wwwmoneybookerscom and you should set up accounts with each of them
How To Become A Successful Sports Arbitrage Trader
7
HOW DO I GET STARTED AS A TRADER
Just starting outTrading capital pound2500 - pound5000
Part-time tradingTrading capital
pound10000 - pound15000
Full-time tradingpound25000 - pound30000
Professional trading
pound35000 - pound150000
Since all of your bets should be low value at this stage pound5000 is
enough to allow you to place funds with 30-40 bookmakers and get the ball rolling Your
profits will be very low but your goal here should be gaining
experience You are bound to make some mistakes so its better to lose small stakes which can easily be
made up later on You should be using your ArbAlarm trial at this stage - being able to see when and where live arbs appear is a
great shortcut to gaining the significant
knowledge
If you have other commitments and plan to trade for a couple of
hours during the evenings and perhaps over the weekends
once you are confident in your processes you are going to need to
increase your capital in order to ensure that the time you spend
generates a worthwhile extra income Your stakes will be larger now and its going to be important to make sure that the periods during which you are trading are used as
effectively as possible and a big part of this
will be having funds on account so that you are
able to execute your trades with minimum delay ArbAlarm will deliver live arbitrage information to your
desktop when you need it and this will greatly enhance your trading
productivity
Full-time doesnt actually mean trading 8
hours a day It really refers to the level of
commitment and goals associated with your trading At this level
you are almost certainly working from home and willing and able to trade 3 to 4 hours each day and more during certain busy periods of the year You should be
using ArbAlarm consistently and making it pay
handsomely each month
At this level sports-
arbitrage and other
techniques such as Middles
trading are your main
occupations 6-8 hours of trading each
day - research and execution - will not be
uncommon
pound300 - pound400
Likely Profit Per Month
pound5000 - pound15000pound2500 - pound3500pound1000 - pound1500
How To Become A Successful Sports Arbitrage Trader
8
HOW DO I GET STARTED AS A TRADER
bull BANKING
Although you can trade from many different places in the world it is easier and cost-effective if you are able to set up bank and credit card accounts in the UK This is because all UK bookmakers and some non-UK bookmakers allow free deposits and withdrawal from UK debit cards (and some UK credit cards)
If you are not based in the UK you might want to consider opening a UK bank account the next time you are here and then do all of your trading in British Pounds If this is not possible dont worry too much - all it means is that you will face slightly higher transaction costs at the start of your business As long as you trade frequently your profits will overshadow your costs considerably
In any case you should set up separate accounts (bank and credit card) for your trading form your personal day-to-day accounts Mixing arbitrage transactions with shopping bills and mortgage payments will lead to complications and possible accounting errors once your trading takes off
You will need a bank account which will give you easy online access You want to be able to check your balances and make transfers conveniently and doing all of this online is the most convenient Telephone-banking is a distant second and you should completely forget about trying to trade whilst using an account with no such facilities
The best account to get is the one offered by Citibank because with it you get not only a Sterling-based current account but one denominated in Euros and one denominated in US Dollars Transfers between the different accounts are instant and performed at very good rates of exchange
If you cannot open an account with Citibank then try First Direct They also offer US Dollar accounts although transfers between your Sterling and Dollar accounts will not be quite as smooth as with Citibank However they have exceptional customer service and very convenient online facilities
Banks requirements for opening accounts vary from time to time so you should check their websites for the latest terms However when you apply dont mention that you intend to use the accounts to facilitate sports-arbitrage trading Its usually best not to mention anything related to gambling when dealing with financial institutions
How To Become A Successful Sports Arbitrage Trader
9
HOW DO I GET STARTED AS A TRADER
bull CREDIT CARDS
You will also require at least one credit card For the purposes of trading only Visa credit cards will do Mastercard has taken a stance against gaming and you will not be able to use a Mastercard at most bookmakers
The bank you use for your trading account will probably be able to offer you a credit card as well Take them up on this with as high a credit limit as they will give you It is useful to have at least one spare credit card but most traders have a collection of 3 or more You may not use them often but its better to have them available than to be left high and dry in the middle of a trading scenario
bull BOOKMAKERS
Before you can begin to trade you will need to set up accounts with a large number of bookmakers It is a very good idea to set up your accounts well before you start to trade - attempting to set up accounts as and when you need them will result in a lot of wasted time and opportunities for you later on
Youll find a comprehensive list of bookmakers ratings amp reviews at wwwbookmakerreviewscom
In most cases you will be able to open accounts without depositing any funds This is advantageous as it allows you to make your preparations even if your trading capital is not yet fully at your disposal
Both ArbSurfer Starter and ArbSurfer Pro contain a comprehensive list of bookmakers and this list is synchronised with the list of bookmakers scanned by ArbAlarm
Setting up such a large number of accounts can be a daunting and time-consuming task using ArbSurfer to open your accounts is the most efficient method possible as the software auto-completes the majority of each form for you Once you have downloaded and installed the software you will be taken through a set-up wizard Follow this through and set up a Profile After this you can use the links provided in the software to visit each bookmaker sites sign-up page and the software will automatically fill out the forms with the data you have provided in your Profile In some cases you may be required to type in a verification code or other data not contained within the Profile and then you simply submit the form
Some of the bookmakers will set up your account with the username and password combination you placed in your Profile Others will assign random log-in codes for you and email them to you In any case whenever you set up a new bookmaker account take the time to write down the bookmakers address and the log-in codes so that you have a record of them ArbSurfer will remember all of your codes for you and even log you into the sites automatically when you visit them
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
4
UNDERSTANDING ODDS
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
The prices set by bookmakers tell you how much you will win if you place a winning bet They come in 3 formats which all look very different but in fact convey exactly
the same information ie how much you will win if you place a winning bet at that price
The 3 formats are known as
UK-Style(these prices look like
fractions)
EU-Style(these prices look like
decimals)
US-Style(these prices look like
+ or - numbers)
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
Below are examples of how these formats are presented With each example exactly the same price is being expressed in each column only the formats differ
11(evens)
200 +100
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
A bet of pound100 gives winnings of pound100Remember you also get your original stake back from the bookmaker so the total
receipt is pound200
21 300 +200
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
A bet of pound100 gives winnings of pound200Remember you also get your original stake back from the bookmaker so the total
receipt is pound300
31 400 +300
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
A bet of pound100 gives winnings of pound300Remember you also get your original stake back from the bookmaker so the total
receipt is pound400
12 150 -200
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
A bet of pound100 gives winnings of pound50Remember you also get your original stake back from the bookmaker so the total
receipt is pound150
13 133 -300
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
A bet of pound100 gives winnings of pound33Remember you also get your original stake back from the bookmaker so the total
receipt is pound133
14 125 -400
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
A bet of pound100 gives winnings of pound25Remember you also get your original stake back from the bookmaker so the total
receipt is pound125
How To Become A Successful Sports Arbitrage Trader
5
THE SPORTS ARBITRAGE FORMULA
Arbitrage trades are expressed as a percentage
This percentage is calculated by dividing 1 by each set of odds and then adding them together
1 185 = 54051 250 = 4000
5405 + 4000 = 9405
This percentage 9405 is the ratio of your Investment to Winnings
Once you have converted the price of each bet into a percentage you then take your intended Win amount and multiply it by each percentage to find out how much you should bet on each outcome
pound1000 x 5405 = pound54050 This is the amount you will bet on Atlanta at 185 with Gamebookers
pound1000 x 4000 = pound40000 This is the amount you will bet on Jacksonville at 250 with William Hill
In other words if your winnings are pound1000 as used in the example above the two bets add up to pound94050 ie 9405 of the winnings This effectively means that 595 of the winnings is profit You may hear the arb described as a 9405 arb or a 595 arb These mean the same thing
The same technique is used no matter how many outcomes there are in a trade For example in soccer there will usually be 3 bets to place Home Win Away Win and Draw In these cases the percentages for the 3 bets are calculated as above and the results will tell you how much to stake on each bet
Remember though during your normal trading activities you will not need to make these calculations manually - your software will do it all automatically for you
So now you know what a sports-arbitrage trade is lets take a look whats required before you can take advantage
How To Become A Successful Sports Arbitrage Trader
6
HOW DO I GET STARTED AS A TRADER
If you are excited by what you have learned so far about sports-arbitrage thats an excellent start However if you want to be assured of success in your project you must make certain preparations before diving in
bull COMPUTER
Minimum Spec 1Ghz Processor 1GB RAM 80GB Hardrive Windows XP
You can also use just about any modern Mac although you will probably want to run helper software that allows you to use Windows programs on your Mac
bull INTERNET CONNECTION
Broadband internet is essential - the faster the better A back-up dial-up account will also be useful both for emergencies and those occasions where you may require a different IP Address
bull SOFTWARE
1 ArbSurfer Pro (specialised internet browser)2 ArbAlarm (arbitrage trade notification)3 Microsoft Money or Intuit Quicken (accounting)4 An email program (eg Windows Mail)5 Skype (instant message amp internet phone)
Many traders work in teams and Skype is an excellent free way to keep in touch instantly Coupled with a headset or mic amp speakers its also a very convenient way to call bookmakers whilst keeping your hands free to place bets online
bull CAPITAL
The amount of trading capital you require will depend largely upon your goals (see the table overleaf)
bull ONLINE WALLETS
These are accounts into which you can place deposits and which will act as a central holding account for a number of bookmakers The largest and most widely-used online wallets are currently wwwnetellercom and wwwmoneybookerscom and you should set up accounts with each of them
How To Become A Successful Sports Arbitrage Trader
7
HOW DO I GET STARTED AS A TRADER
Just starting outTrading capital pound2500 - pound5000
Part-time tradingTrading capital
pound10000 - pound15000
Full-time tradingpound25000 - pound30000
Professional trading
pound35000 - pound150000
Since all of your bets should be low value at this stage pound5000 is
enough to allow you to place funds with 30-40 bookmakers and get the ball rolling Your
profits will be very low but your goal here should be gaining
experience You are bound to make some mistakes so its better to lose small stakes which can easily be
made up later on You should be using your ArbAlarm trial at this stage - being able to see when and where live arbs appear is a
great shortcut to gaining the significant
knowledge
If you have other commitments and plan to trade for a couple of
hours during the evenings and perhaps over the weekends
once you are confident in your processes you are going to need to
increase your capital in order to ensure that the time you spend
generates a worthwhile extra income Your stakes will be larger now and its going to be important to make sure that the periods during which you are trading are used as
effectively as possible and a big part of this
will be having funds on account so that you are
able to execute your trades with minimum delay ArbAlarm will deliver live arbitrage information to your
desktop when you need it and this will greatly enhance your trading
productivity
Full-time doesnt actually mean trading 8
hours a day It really refers to the level of
commitment and goals associated with your trading At this level
you are almost certainly working from home and willing and able to trade 3 to 4 hours each day and more during certain busy periods of the year You should be
using ArbAlarm consistently and making it pay
handsomely each month
At this level sports-
arbitrage and other
techniques such as Middles
trading are your main
occupations 6-8 hours of trading each
day - research and execution - will not be
uncommon
pound300 - pound400
Likely Profit Per Month
pound5000 - pound15000pound2500 - pound3500pound1000 - pound1500
How To Become A Successful Sports Arbitrage Trader
8
HOW DO I GET STARTED AS A TRADER
bull BANKING
Although you can trade from many different places in the world it is easier and cost-effective if you are able to set up bank and credit card accounts in the UK This is because all UK bookmakers and some non-UK bookmakers allow free deposits and withdrawal from UK debit cards (and some UK credit cards)
If you are not based in the UK you might want to consider opening a UK bank account the next time you are here and then do all of your trading in British Pounds If this is not possible dont worry too much - all it means is that you will face slightly higher transaction costs at the start of your business As long as you trade frequently your profits will overshadow your costs considerably
In any case you should set up separate accounts (bank and credit card) for your trading form your personal day-to-day accounts Mixing arbitrage transactions with shopping bills and mortgage payments will lead to complications and possible accounting errors once your trading takes off
You will need a bank account which will give you easy online access You want to be able to check your balances and make transfers conveniently and doing all of this online is the most convenient Telephone-banking is a distant second and you should completely forget about trying to trade whilst using an account with no such facilities
The best account to get is the one offered by Citibank because with it you get not only a Sterling-based current account but one denominated in Euros and one denominated in US Dollars Transfers between the different accounts are instant and performed at very good rates of exchange
If you cannot open an account with Citibank then try First Direct They also offer US Dollar accounts although transfers between your Sterling and Dollar accounts will not be quite as smooth as with Citibank However they have exceptional customer service and very convenient online facilities
Banks requirements for opening accounts vary from time to time so you should check their websites for the latest terms However when you apply dont mention that you intend to use the accounts to facilitate sports-arbitrage trading Its usually best not to mention anything related to gambling when dealing with financial institutions
How To Become A Successful Sports Arbitrage Trader
9
HOW DO I GET STARTED AS A TRADER
bull CREDIT CARDS
You will also require at least one credit card For the purposes of trading only Visa credit cards will do Mastercard has taken a stance against gaming and you will not be able to use a Mastercard at most bookmakers
The bank you use for your trading account will probably be able to offer you a credit card as well Take them up on this with as high a credit limit as they will give you It is useful to have at least one spare credit card but most traders have a collection of 3 or more You may not use them often but its better to have them available than to be left high and dry in the middle of a trading scenario
bull BOOKMAKERS
Before you can begin to trade you will need to set up accounts with a large number of bookmakers It is a very good idea to set up your accounts well before you start to trade - attempting to set up accounts as and when you need them will result in a lot of wasted time and opportunities for you later on
Youll find a comprehensive list of bookmakers ratings amp reviews at wwwbookmakerreviewscom
In most cases you will be able to open accounts without depositing any funds This is advantageous as it allows you to make your preparations even if your trading capital is not yet fully at your disposal
Both ArbSurfer Starter and ArbSurfer Pro contain a comprehensive list of bookmakers and this list is synchronised with the list of bookmakers scanned by ArbAlarm
Setting up such a large number of accounts can be a daunting and time-consuming task using ArbSurfer to open your accounts is the most efficient method possible as the software auto-completes the majority of each form for you Once you have downloaded and installed the software you will be taken through a set-up wizard Follow this through and set up a Profile After this you can use the links provided in the software to visit each bookmaker sites sign-up page and the software will automatically fill out the forms with the data you have provided in your Profile In some cases you may be required to type in a verification code or other data not contained within the Profile and then you simply submit the form
Some of the bookmakers will set up your account with the username and password combination you placed in your Profile Others will assign random log-in codes for you and email them to you In any case whenever you set up a new bookmaker account take the time to write down the bookmakers address and the log-in codes so that you have a record of them ArbSurfer will remember all of your codes for you and even log you into the sites automatically when you visit them
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
5
THE SPORTS ARBITRAGE FORMULA
Arbitrage trades are expressed as a percentage
This percentage is calculated by dividing 1 by each set of odds and then adding them together
1 185 = 54051 250 = 4000
5405 + 4000 = 9405
This percentage 9405 is the ratio of your Investment to Winnings
Once you have converted the price of each bet into a percentage you then take your intended Win amount and multiply it by each percentage to find out how much you should bet on each outcome
pound1000 x 5405 = pound54050 This is the amount you will bet on Atlanta at 185 with Gamebookers
pound1000 x 4000 = pound40000 This is the amount you will bet on Jacksonville at 250 with William Hill
In other words if your winnings are pound1000 as used in the example above the two bets add up to pound94050 ie 9405 of the winnings This effectively means that 595 of the winnings is profit You may hear the arb described as a 9405 arb or a 595 arb These mean the same thing
The same technique is used no matter how many outcomes there are in a trade For example in soccer there will usually be 3 bets to place Home Win Away Win and Draw In these cases the percentages for the 3 bets are calculated as above and the results will tell you how much to stake on each bet
Remember though during your normal trading activities you will not need to make these calculations manually - your software will do it all automatically for you
So now you know what a sports-arbitrage trade is lets take a look whats required before you can take advantage
How To Become A Successful Sports Arbitrage Trader
6
HOW DO I GET STARTED AS A TRADER
If you are excited by what you have learned so far about sports-arbitrage thats an excellent start However if you want to be assured of success in your project you must make certain preparations before diving in
bull COMPUTER
Minimum Spec 1Ghz Processor 1GB RAM 80GB Hardrive Windows XP
You can also use just about any modern Mac although you will probably want to run helper software that allows you to use Windows programs on your Mac
bull INTERNET CONNECTION
Broadband internet is essential - the faster the better A back-up dial-up account will also be useful both for emergencies and those occasions where you may require a different IP Address
bull SOFTWARE
1 ArbSurfer Pro (specialised internet browser)2 ArbAlarm (arbitrage trade notification)3 Microsoft Money or Intuit Quicken (accounting)4 An email program (eg Windows Mail)5 Skype (instant message amp internet phone)
Many traders work in teams and Skype is an excellent free way to keep in touch instantly Coupled with a headset or mic amp speakers its also a very convenient way to call bookmakers whilst keeping your hands free to place bets online
bull CAPITAL
The amount of trading capital you require will depend largely upon your goals (see the table overleaf)
bull ONLINE WALLETS
These are accounts into which you can place deposits and which will act as a central holding account for a number of bookmakers The largest and most widely-used online wallets are currently wwwnetellercom and wwwmoneybookerscom and you should set up accounts with each of them
How To Become A Successful Sports Arbitrage Trader
7
HOW DO I GET STARTED AS A TRADER
Just starting outTrading capital pound2500 - pound5000
Part-time tradingTrading capital
pound10000 - pound15000
Full-time tradingpound25000 - pound30000
Professional trading
pound35000 - pound150000
Since all of your bets should be low value at this stage pound5000 is
enough to allow you to place funds with 30-40 bookmakers and get the ball rolling Your
profits will be very low but your goal here should be gaining
experience You are bound to make some mistakes so its better to lose small stakes which can easily be
made up later on You should be using your ArbAlarm trial at this stage - being able to see when and where live arbs appear is a
great shortcut to gaining the significant
knowledge
If you have other commitments and plan to trade for a couple of
hours during the evenings and perhaps over the weekends
once you are confident in your processes you are going to need to
increase your capital in order to ensure that the time you spend
generates a worthwhile extra income Your stakes will be larger now and its going to be important to make sure that the periods during which you are trading are used as
effectively as possible and a big part of this
will be having funds on account so that you are
able to execute your trades with minimum delay ArbAlarm will deliver live arbitrage information to your
desktop when you need it and this will greatly enhance your trading
productivity
Full-time doesnt actually mean trading 8
hours a day It really refers to the level of
commitment and goals associated with your trading At this level
you are almost certainly working from home and willing and able to trade 3 to 4 hours each day and more during certain busy periods of the year You should be
using ArbAlarm consistently and making it pay
handsomely each month
At this level sports-
arbitrage and other
techniques such as Middles
trading are your main
occupations 6-8 hours of trading each
day - research and execution - will not be
uncommon
pound300 - pound400
Likely Profit Per Month
pound5000 - pound15000pound2500 - pound3500pound1000 - pound1500
How To Become A Successful Sports Arbitrage Trader
8
HOW DO I GET STARTED AS A TRADER
bull BANKING
Although you can trade from many different places in the world it is easier and cost-effective if you are able to set up bank and credit card accounts in the UK This is because all UK bookmakers and some non-UK bookmakers allow free deposits and withdrawal from UK debit cards (and some UK credit cards)
If you are not based in the UK you might want to consider opening a UK bank account the next time you are here and then do all of your trading in British Pounds If this is not possible dont worry too much - all it means is that you will face slightly higher transaction costs at the start of your business As long as you trade frequently your profits will overshadow your costs considerably
In any case you should set up separate accounts (bank and credit card) for your trading form your personal day-to-day accounts Mixing arbitrage transactions with shopping bills and mortgage payments will lead to complications and possible accounting errors once your trading takes off
You will need a bank account which will give you easy online access You want to be able to check your balances and make transfers conveniently and doing all of this online is the most convenient Telephone-banking is a distant second and you should completely forget about trying to trade whilst using an account with no such facilities
The best account to get is the one offered by Citibank because with it you get not only a Sterling-based current account but one denominated in Euros and one denominated in US Dollars Transfers between the different accounts are instant and performed at very good rates of exchange
If you cannot open an account with Citibank then try First Direct They also offer US Dollar accounts although transfers between your Sterling and Dollar accounts will not be quite as smooth as with Citibank However they have exceptional customer service and very convenient online facilities
Banks requirements for opening accounts vary from time to time so you should check their websites for the latest terms However when you apply dont mention that you intend to use the accounts to facilitate sports-arbitrage trading Its usually best not to mention anything related to gambling when dealing with financial institutions
How To Become A Successful Sports Arbitrage Trader
9
HOW DO I GET STARTED AS A TRADER
bull CREDIT CARDS
You will also require at least one credit card For the purposes of trading only Visa credit cards will do Mastercard has taken a stance against gaming and you will not be able to use a Mastercard at most bookmakers
The bank you use for your trading account will probably be able to offer you a credit card as well Take them up on this with as high a credit limit as they will give you It is useful to have at least one spare credit card but most traders have a collection of 3 or more You may not use them often but its better to have them available than to be left high and dry in the middle of a trading scenario
bull BOOKMAKERS
Before you can begin to trade you will need to set up accounts with a large number of bookmakers It is a very good idea to set up your accounts well before you start to trade - attempting to set up accounts as and when you need them will result in a lot of wasted time and opportunities for you later on
Youll find a comprehensive list of bookmakers ratings amp reviews at wwwbookmakerreviewscom
In most cases you will be able to open accounts without depositing any funds This is advantageous as it allows you to make your preparations even if your trading capital is not yet fully at your disposal
Both ArbSurfer Starter and ArbSurfer Pro contain a comprehensive list of bookmakers and this list is synchronised with the list of bookmakers scanned by ArbAlarm
Setting up such a large number of accounts can be a daunting and time-consuming task using ArbSurfer to open your accounts is the most efficient method possible as the software auto-completes the majority of each form for you Once you have downloaded and installed the software you will be taken through a set-up wizard Follow this through and set up a Profile After this you can use the links provided in the software to visit each bookmaker sites sign-up page and the software will automatically fill out the forms with the data you have provided in your Profile In some cases you may be required to type in a verification code or other data not contained within the Profile and then you simply submit the form
Some of the bookmakers will set up your account with the username and password combination you placed in your Profile Others will assign random log-in codes for you and email them to you In any case whenever you set up a new bookmaker account take the time to write down the bookmakers address and the log-in codes so that you have a record of them ArbSurfer will remember all of your codes for you and even log you into the sites automatically when you visit them
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
6
HOW DO I GET STARTED AS A TRADER
If you are excited by what you have learned so far about sports-arbitrage thats an excellent start However if you want to be assured of success in your project you must make certain preparations before diving in
bull COMPUTER
Minimum Spec 1Ghz Processor 1GB RAM 80GB Hardrive Windows XP
You can also use just about any modern Mac although you will probably want to run helper software that allows you to use Windows programs on your Mac
bull INTERNET CONNECTION
Broadband internet is essential - the faster the better A back-up dial-up account will also be useful both for emergencies and those occasions where you may require a different IP Address
bull SOFTWARE
1 ArbSurfer Pro (specialised internet browser)2 ArbAlarm (arbitrage trade notification)3 Microsoft Money or Intuit Quicken (accounting)4 An email program (eg Windows Mail)5 Skype (instant message amp internet phone)
Many traders work in teams and Skype is an excellent free way to keep in touch instantly Coupled with a headset or mic amp speakers its also a very convenient way to call bookmakers whilst keeping your hands free to place bets online
bull CAPITAL
The amount of trading capital you require will depend largely upon your goals (see the table overleaf)
bull ONLINE WALLETS
These are accounts into which you can place deposits and which will act as a central holding account for a number of bookmakers The largest and most widely-used online wallets are currently wwwnetellercom and wwwmoneybookerscom and you should set up accounts with each of them
How To Become A Successful Sports Arbitrage Trader
7
HOW DO I GET STARTED AS A TRADER
Just starting outTrading capital pound2500 - pound5000
Part-time tradingTrading capital
pound10000 - pound15000
Full-time tradingpound25000 - pound30000
Professional trading
pound35000 - pound150000
Since all of your bets should be low value at this stage pound5000 is
enough to allow you to place funds with 30-40 bookmakers and get the ball rolling Your
profits will be very low but your goal here should be gaining
experience You are bound to make some mistakes so its better to lose small stakes which can easily be
made up later on You should be using your ArbAlarm trial at this stage - being able to see when and where live arbs appear is a
great shortcut to gaining the significant
knowledge
If you have other commitments and plan to trade for a couple of
hours during the evenings and perhaps over the weekends
once you are confident in your processes you are going to need to
increase your capital in order to ensure that the time you spend
generates a worthwhile extra income Your stakes will be larger now and its going to be important to make sure that the periods during which you are trading are used as
effectively as possible and a big part of this
will be having funds on account so that you are
able to execute your trades with minimum delay ArbAlarm will deliver live arbitrage information to your
desktop when you need it and this will greatly enhance your trading
productivity
Full-time doesnt actually mean trading 8
hours a day It really refers to the level of
commitment and goals associated with your trading At this level
you are almost certainly working from home and willing and able to trade 3 to 4 hours each day and more during certain busy periods of the year You should be
using ArbAlarm consistently and making it pay
handsomely each month
At this level sports-
arbitrage and other
techniques such as Middles
trading are your main
occupations 6-8 hours of trading each
day - research and execution - will not be
uncommon
pound300 - pound400
Likely Profit Per Month
pound5000 - pound15000pound2500 - pound3500pound1000 - pound1500
How To Become A Successful Sports Arbitrage Trader
8
HOW DO I GET STARTED AS A TRADER
bull BANKING
Although you can trade from many different places in the world it is easier and cost-effective if you are able to set up bank and credit card accounts in the UK This is because all UK bookmakers and some non-UK bookmakers allow free deposits and withdrawal from UK debit cards (and some UK credit cards)
If you are not based in the UK you might want to consider opening a UK bank account the next time you are here and then do all of your trading in British Pounds If this is not possible dont worry too much - all it means is that you will face slightly higher transaction costs at the start of your business As long as you trade frequently your profits will overshadow your costs considerably
In any case you should set up separate accounts (bank and credit card) for your trading form your personal day-to-day accounts Mixing arbitrage transactions with shopping bills and mortgage payments will lead to complications and possible accounting errors once your trading takes off
You will need a bank account which will give you easy online access You want to be able to check your balances and make transfers conveniently and doing all of this online is the most convenient Telephone-banking is a distant second and you should completely forget about trying to trade whilst using an account with no such facilities
The best account to get is the one offered by Citibank because with it you get not only a Sterling-based current account but one denominated in Euros and one denominated in US Dollars Transfers between the different accounts are instant and performed at very good rates of exchange
If you cannot open an account with Citibank then try First Direct They also offer US Dollar accounts although transfers between your Sterling and Dollar accounts will not be quite as smooth as with Citibank However they have exceptional customer service and very convenient online facilities
Banks requirements for opening accounts vary from time to time so you should check their websites for the latest terms However when you apply dont mention that you intend to use the accounts to facilitate sports-arbitrage trading Its usually best not to mention anything related to gambling when dealing with financial institutions
How To Become A Successful Sports Arbitrage Trader
9
HOW DO I GET STARTED AS A TRADER
bull CREDIT CARDS
You will also require at least one credit card For the purposes of trading only Visa credit cards will do Mastercard has taken a stance against gaming and you will not be able to use a Mastercard at most bookmakers
The bank you use for your trading account will probably be able to offer you a credit card as well Take them up on this with as high a credit limit as they will give you It is useful to have at least one spare credit card but most traders have a collection of 3 or more You may not use them often but its better to have them available than to be left high and dry in the middle of a trading scenario
bull BOOKMAKERS
Before you can begin to trade you will need to set up accounts with a large number of bookmakers It is a very good idea to set up your accounts well before you start to trade - attempting to set up accounts as and when you need them will result in a lot of wasted time and opportunities for you later on
Youll find a comprehensive list of bookmakers ratings amp reviews at wwwbookmakerreviewscom
In most cases you will be able to open accounts without depositing any funds This is advantageous as it allows you to make your preparations even if your trading capital is not yet fully at your disposal
Both ArbSurfer Starter and ArbSurfer Pro contain a comprehensive list of bookmakers and this list is synchronised with the list of bookmakers scanned by ArbAlarm
Setting up such a large number of accounts can be a daunting and time-consuming task using ArbSurfer to open your accounts is the most efficient method possible as the software auto-completes the majority of each form for you Once you have downloaded and installed the software you will be taken through a set-up wizard Follow this through and set up a Profile After this you can use the links provided in the software to visit each bookmaker sites sign-up page and the software will automatically fill out the forms with the data you have provided in your Profile In some cases you may be required to type in a verification code or other data not contained within the Profile and then you simply submit the form
Some of the bookmakers will set up your account with the username and password combination you placed in your Profile Others will assign random log-in codes for you and email them to you In any case whenever you set up a new bookmaker account take the time to write down the bookmakers address and the log-in codes so that you have a record of them ArbSurfer will remember all of your codes for you and even log you into the sites automatically when you visit them
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
7
HOW DO I GET STARTED AS A TRADER
Just starting outTrading capital pound2500 - pound5000
Part-time tradingTrading capital
pound10000 - pound15000
Full-time tradingpound25000 - pound30000
Professional trading
pound35000 - pound150000
Since all of your bets should be low value at this stage pound5000 is
enough to allow you to place funds with 30-40 bookmakers and get the ball rolling Your
profits will be very low but your goal here should be gaining
experience You are bound to make some mistakes so its better to lose small stakes which can easily be
made up later on You should be using your ArbAlarm trial at this stage - being able to see when and where live arbs appear is a
great shortcut to gaining the significant
knowledge
If you have other commitments and plan to trade for a couple of
hours during the evenings and perhaps over the weekends
once you are confident in your processes you are going to need to
increase your capital in order to ensure that the time you spend
generates a worthwhile extra income Your stakes will be larger now and its going to be important to make sure that the periods during which you are trading are used as
effectively as possible and a big part of this
will be having funds on account so that you are
able to execute your trades with minimum delay ArbAlarm will deliver live arbitrage information to your
desktop when you need it and this will greatly enhance your trading
productivity
Full-time doesnt actually mean trading 8
hours a day It really refers to the level of
commitment and goals associated with your trading At this level
you are almost certainly working from home and willing and able to trade 3 to 4 hours each day and more during certain busy periods of the year You should be
using ArbAlarm consistently and making it pay
handsomely each month
At this level sports-
arbitrage and other
techniques such as Middles
trading are your main
occupations 6-8 hours of trading each
day - research and execution - will not be
uncommon
pound300 - pound400
Likely Profit Per Month
pound5000 - pound15000pound2500 - pound3500pound1000 - pound1500
How To Become A Successful Sports Arbitrage Trader
8
HOW DO I GET STARTED AS A TRADER
bull BANKING
Although you can trade from many different places in the world it is easier and cost-effective if you are able to set up bank and credit card accounts in the UK This is because all UK bookmakers and some non-UK bookmakers allow free deposits and withdrawal from UK debit cards (and some UK credit cards)
If you are not based in the UK you might want to consider opening a UK bank account the next time you are here and then do all of your trading in British Pounds If this is not possible dont worry too much - all it means is that you will face slightly higher transaction costs at the start of your business As long as you trade frequently your profits will overshadow your costs considerably
In any case you should set up separate accounts (bank and credit card) for your trading form your personal day-to-day accounts Mixing arbitrage transactions with shopping bills and mortgage payments will lead to complications and possible accounting errors once your trading takes off
You will need a bank account which will give you easy online access You want to be able to check your balances and make transfers conveniently and doing all of this online is the most convenient Telephone-banking is a distant second and you should completely forget about trying to trade whilst using an account with no such facilities
The best account to get is the one offered by Citibank because with it you get not only a Sterling-based current account but one denominated in Euros and one denominated in US Dollars Transfers between the different accounts are instant and performed at very good rates of exchange
If you cannot open an account with Citibank then try First Direct They also offer US Dollar accounts although transfers between your Sterling and Dollar accounts will not be quite as smooth as with Citibank However they have exceptional customer service and very convenient online facilities
Banks requirements for opening accounts vary from time to time so you should check their websites for the latest terms However when you apply dont mention that you intend to use the accounts to facilitate sports-arbitrage trading Its usually best not to mention anything related to gambling when dealing with financial institutions
How To Become A Successful Sports Arbitrage Trader
9
HOW DO I GET STARTED AS A TRADER
bull CREDIT CARDS
You will also require at least one credit card For the purposes of trading only Visa credit cards will do Mastercard has taken a stance against gaming and you will not be able to use a Mastercard at most bookmakers
The bank you use for your trading account will probably be able to offer you a credit card as well Take them up on this with as high a credit limit as they will give you It is useful to have at least one spare credit card but most traders have a collection of 3 or more You may not use them often but its better to have them available than to be left high and dry in the middle of a trading scenario
bull BOOKMAKERS
Before you can begin to trade you will need to set up accounts with a large number of bookmakers It is a very good idea to set up your accounts well before you start to trade - attempting to set up accounts as and when you need them will result in a lot of wasted time and opportunities for you later on
Youll find a comprehensive list of bookmakers ratings amp reviews at wwwbookmakerreviewscom
In most cases you will be able to open accounts without depositing any funds This is advantageous as it allows you to make your preparations even if your trading capital is not yet fully at your disposal
Both ArbSurfer Starter and ArbSurfer Pro contain a comprehensive list of bookmakers and this list is synchronised with the list of bookmakers scanned by ArbAlarm
Setting up such a large number of accounts can be a daunting and time-consuming task using ArbSurfer to open your accounts is the most efficient method possible as the software auto-completes the majority of each form for you Once you have downloaded and installed the software you will be taken through a set-up wizard Follow this through and set up a Profile After this you can use the links provided in the software to visit each bookmaker sites sign-up page and the software will automatically fill out the forms with the data you have provided in your Profile In some cases you may be required to type in a verification code or other data not contained within the Profile and then you simply submit the form
Some of the bookmakers will set up your account with the username and password combination you placed in your Profile Others will assign random log-in codes for you and email them to you In any case whenever you set up a new bookmaker account take the time to write down the bookmakers address and the log-in codes so that you have a record of them ArbSurfer will remember all of your codes for you and even log you into the sites automatically when you visit them
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
8
HOW DO I GET STARTED AS A TRADER
bull BANKING
Although you can trade from many different places in the world it is easier and cost-effective if you are able to set up bank and credit card accounts in the UK This is because all UK bookmakers and some non-UK bookmakers allow free deposits and withdrawal from UK debit cards (and some UK credit cards)
If you are not based in the UK you might want to consider opening a UK bank account the next time you are here and then do all of your trading in British Pounds If this is not possible dont worry too much - all it means is that you will face slightly higher transaction costs at the start of your business As long as you trade frequently your profits will overshadow your costs considerably
In any case you should set up separate accounts (bank and credit card) for your trading form your personal day-to-day accounts Mixing arbitrage transactions with shopping bills and mortgage payments will lead to complications and possible accounting errors once your trading takes off
You will need a bank account which will give you easy online access You want to be able to check your balances and make transfers conveniently and doing all of this online is the most convenient Telephone-banking is a distant second and you should completely forget about trying to trade whilst using an account with no such facilities
The best account to get is the one offered by Citibank because with it you get not only a Sterling-based current account but one denominated in Euros and one denominated in US Dollars Transfers between the different accounts are instant and performed at very good rates of exchange
If you cannot open an account with Citibank then try First Direct They also offer US Dollar accounts although transfers between your Sterling and Dollar accounts will not be quite as smooth as with Citibank However they have exceptional customer service and very convenient online facilities
Banks requirements for opening accounts vary from time to time so you should check their websites for the latest terms However when you apply dont mention that you intend to use the accounts to facilitate sports-arbitrage trading Its usually best not to mention anything related to gambling when dealing with financial institutions
How To Become A Successful Sports Arbitrage Trader
9
HOW DO I GET STARTED AS A TRADER
bull CREDIT CARDS
You will also require at least one credit card For the purposes of trading only Visa credit cards will do Mastercard has taken a stance against gaming and you will not be able to use a Mastercard at most bookmakers
The bank you use for your trading account will probably be able to offer you a credit card as well Take them up on this with as high a credit limit as they will give you It is useful to have at least one spare credit card but most traders have a collection of 3 or more You may not use them often but its better to have them available than to be left high and dry in the middle of a trading scenario
bull BOOKMAKERS
Before you can begin to trade you will need to set up accounts with a large number of bookmakers It is a very good idea to set up your accounts well before you start to trade - attempting to set up accounts as and when you need them will result in a lot of wasted time and opportunities for you later on
Youll find a comprehensive list of bookmakers ratings amp reviews at wwwbookmakerreviewscom
In most cases you will be able to open accounts without depositing any funds This is advantageous as it allows you to make your preparations even if your trading capital is not yet fully at your disposal
Both ArbSurfer Starter and ArbSurfer Pro contain a comprehensive list of bookmakers and this list is synchronised with the list of bookmakers scanned by ArbAlarm
Setting up such a large number of accounts can be a daunting and time-consuming task using ArbSurfer to open your accounts is the most efficient method possible as the software auto-completes the majority of each form for you Once you have downloaded and installed the software you will be taken through a set-up wizard Follow this through and set up a Profile After this you can use the links provided in the software to visit each bookmaker sites sign-up page and the software will automatically fill out the forms with the data you have provided in your Profile In some cases you may be required to type in a verification code or other data not contained within the Profile and then you simply submit the form
Some of the bookmakers will set up your account with the username and password combination you placed in your Profile Others will assign random log-in codes for you and email them to you In any case whenever you set up a new bookmaker account take the time to write down the bookmakers address and the log-in codes so that you have a record of them ArbSurfer will remember all of your codes for you and even log you into the sites automatically when you visit them
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
9
HOW DO I GET STARTED AS A TRADER
bull CREDIT CARDS
You will also require at least one credit card For the purposes of trading only Visa credit cards will do Mastercard has taken a stance against gaming and you will not be able to use a Mastercard at most bookmakers
The bank you use for your trading account will probably be able to offer you a credit card as well Take them up on this with as high a credit limit as they will give you It is useful to have at least one spare credit card but most traders have a collection of 3 or more You may not use them often but its better to have them available than to be left high and dry in the middle of a trading scenario
bull BOOKMAKERS
Before you can begin to trade you will need to set up accounts with a large number of bookmakers It is a very good idea to set up your accounts well before you start to trade - attempting to set up accounts as and when you need them will result in a lot of wasted time and opportunities for you later on
Youll find a comprehensive list of bookmakers ratings amp reviews at wwwbookmakerreviewscom
In most cases you will be able to open accounts without depositing any funds This is advantageous as it allows you to make your preparations even if your trading capital is not yet fully at your disposal
Both ArbSurfer Starter and ArbSurfer Pro contain a comprehensive list of bookmakers and this list is synchronised with the list of bookmakers scanned by ArbAlarm
Setting up such a large number of accounts can be a daunting and time-consuming task using ArbSurfer to open your accounts is the most efficient method possible as the software auto-completes the majority of each form for you Once you have downloaded and installed the software you will be taken through a set-up wizard Follow this through and set up a Profile After this you can use the links provided in the software to visit each bookmaker sites sign-up page and the software will automatically fill out the forms with the data you have provided in your Profile In some cases you may be required to type in a verification code or other data not contained within the Profile and then you simply submit the form
Some of the bookmakers will set up your account with the username and password combination you placed in your Profile Others will assign random log-in codes for you and email them to you In any case whenever you set up a new bookmaker account take the time to write down the bookmakers address and the log-in codes so that you have a record of them ArbSurfer will remember all of your codes for you and even log you into the sites automatically when you visit them
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
10
HOW DO I GET STARTED AS A TRADER
bull DISTRIBUTION OF FUNDS
As you set up your accounts a question about how to spread your funds amongst them will come to mind Do you keep the money in the bank and wait for an arb or do you put the money with the bookmakers in anticipation This usually seems like a catch-22 situation to new traders If you dont have your money ready at the bookmakers then you waste too much time depositing and miss the prices when you need to bet But if you start putting your money with the bookmakers it gets spread thinly and you still may get an arb with a bookmaker where you dont have enough funds
The solution is to combine the approaches intelligently and place funds with bookmakers selectively
1 Select the bookmakers you will use As mentioned previously good starting points are wwwbookmakerreviewscom andor the built-in lists of ArbSurfer
2 Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you plan to use and see which ones need more information from you
3 Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
4 Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
5 Decide which accounts are going to be used most frequently This is obviously quite difficult because it seems to require a lot of foresight However the data provided here now makes this task much simpler Sports Arbitrage StatisticsThis site processes a number of very large database of expired arbs and displays exactly which bookmakers were involved heavily with which sports during any given time-period This is an extremely useful tool which you will probably refer back to frequently as it gives you a great idea of where money needs to be placed each month
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
11
HOW DO I GET STARTED AS A TRADER
Following steps 1-5 you will produce two lists - accounts which need advanced funding and accounts which do not
Like many things which seem complex sports-arbitrage trading can be simplified by considering amp mastering the individual actions that make up the entire process Avoid the mistake of assuming that it will be better to pick things up as you go along instead of investing some time beforehand to really think about whats involved
In most cases the people who complain on forums that arbitrage didnt work for me or its too risky or all of my accounts were limited within weeks are people who ignored the inherent folly of going live on their trading project without sufficient preparation
Preparation amp Organisation are the two aspects of the way you operate which will determine your degree of success
Before you begin trading having chosen your bookmaker accounts and decided how they will be funded the next step is to familiarise yourself with the bookmaker sites Place a few 10 pence bets at the sites which confuse you Make sure that you fully understand how to place bets at the sites you will be using If you place 50 bets of 10 pence each you will have a thorough understanding of the way the bookmaker sites work and the most it will have cost you is pound5 - this small investment will pay dividends later on when you are trading under pressure
So now you know what groundwork you have to lay lets take a look at your options for finding arbitrage trades
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
12
HOW DO I LOCATE ARBS TO TRADE
There are 2 factors which identify an arbitrage trading opportunity
1 The event must have a limited number of possible outcomes
The event that you are betting on should ideally have either 2 or 3 possible outcomes
For example the event may be a head-to-head contest such as a tennis or snooker match where only one of the players can win Or you may consider a cricket or football match where there are three possible results including a tiedraw
There are exceptions where arbs become available in events with more than three outcomes and they can prove to be very lucrative but you will find your most regular arbs in events as described above
2 There should be an adequate percentage margin in your favour
When you are beginning it will probably be better to restrict your betting to opportunities that yield 20 or more This will allow you a margin for error as you are learning and any mistakes will probably just result in a break-even situation where you may just have to sacrifice your profit
However as you grow in experience you will be able to consider ALL situations including the many THOUSANDS of 1-2 opportunities that occur every month While juicier 8-15 arbs which pop up a few times a week will provide you with wonderful bonuses the smaller far more frequent ones will consistently add to your bottom-line
So - thats it You find the event do the maths place the bets and earn a guaranteed profit regardless of the outcome Once you have streamlined your processes it couldnt be much simpler
The skill is in finding suitable events to bet on Youll be able to learn more in detail about this below
There are many arbitrage-producing events available but overleaf is a short list those which you are highly recommended to check
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
13
HOW DO I LOCATE ARBS TO TRADE
bull TENNIS
With only two possible outcomes this is the ideal event The more obscure the tournament the better your chances of finding profitable differences of opinion between sportsbooks A large proportion of the bookmakers listed regularly offer prices on all tennis matches
You are likely to find a significant number of arbs in tennis
bull SNOOKER
Once again with only two possible outcomes snooker is an ideal event in which to seek arbitrage opportunities although stakes can sometimes be limited by bookmakers to just a few hundred pounds
bull CRICKET
The one-day matches allow for only two outcomes while the winter tour also allows for a draw Cricket seems so be something of a weak-spot for many bookmakers a fact which often gives rise to some large percentage arbs
bull US FOOTBALL
The divisional championships can produce some lucrative arbs Once a few games have been played very large discrepancies between sportsbooks can arise It is also often the case that North American odds-compilers take a completely different view to their European counterparts-which creates more arbitrage opportunities
bull GOLF
Golf produces an abundance of arbs each week in 2-ball and 3-ball 18-hole matchups as well as the 72-hole matchups Furtherin the match-play events such as the Dunhill Cup and World Matchplay Championship the contestants are paired up and can only either win or lose The markets in these events can be quite volatile and produce many arbs
bullSOCCER
It is worth keeping an eye on the European matches every week during the soccer season since they can produce some lucrative opportunities One of the benefits of soccer betting compared to many other sports is the very large stakes size that bookmakers will accept look out for arbs not only in regular Home Away Draw markets but also Asian Handicaps amp Total Goals market
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
14
HOW DO I LOCATE ARBS TO TRADE
bull POLITICS amp ENTERTAINMENT
Whether it is the next US President or the next person to leave Big Brother if there is room for disagreement between odds-compilers there is potential for arbitrage Some very large margins can be earned in these non-sporting events because the bookmakers have to guess much more than in sports
bull OTHER SPORTS
When on the prowl for risk-free profits you should also consider
1 boxing2 basketball3 baseball4 hockey5 ice hockey
If you are going to look for arbs manually then you have to be prepared to spend a lot of time and effort scouring individual bookmaker sites amp odds-comparison sites for prices This can be rewarding in some cases but it makes far more sense to use software to perform this task as it is much faster and will free you to do other things
So now you know what to look for lets take a look at how the TraderZone will assist you
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
15
SHOULD I USE THE TRADERZONE TO FIND MY ARBS
There are a number of compelling reasons to use software to help you locate arbitrage trades
bull INCREASED PROFITS
There is no doubt that if you use the sports arbitrage software in the TraderZone properly you will make much higher profits than without As well as finding arbitrage trades for you automatically it also locates middles trades and even alerts to to trades that you can use to fee up any bonuses that you have pending with your bookmakers
bull SAVED TIME
Using the TraderZone will help to save a lot of time If you can rely upon the software to do the searching on your behalfit frees you up to look in other places or do other things
bull TIP-OFFS FOR OTHER TRADES
This is a much overlooked benefit but it is something which almost every professional trader uses When the TraderZone alerts you to an arbitrage trade it very often provides tip-offs about other possible trades For example a soccer arbitrage trade may contain a price which you can use in a betting-exchange strategy instead of the arbitrage trade of which you have been notified The key issue is that the software is going to bring this to your attention faster than any other method of research The sports-arbitrage software in the TraderZone also allows you to choose to receive break-even trades ie those where the prices add up to 100 and this can be used to great effect when using bonus-hunting techniques
bull EARLY WARNING FOR PRICE-RELEASES
The sports-arbitrage software in the TraderZone allows you to be the first to know when a bookmaker has posted new prices on-site This early-warning system can be of great advantage in trading strategies that require you to analyse new prices as soon as possible
bullUSEFUL STATS
The TraderZone provides very useful statistics It shows you how many arbs each bookie has had in each sport each month This is extremely powerful for research as it lets you see exactly which accounts are the most important each month Many professional traders use this to decide where their funds should be placed ready for trading each month and you should certainly make this a site you check regularly
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
16
MINIMISING THE IMPACT OF TRANSACTION FEES
If you use a credit card to fund your account and you find that you have lost out due to an exchange rate difference send a polite fax to the bookmaker involved showing them your credit card statement with the relevant charge on it Many will credit your betting account with the difference
It is possible to circumvent exchange rate losses entirely if you are both organised and well-funded Sending funds by bank transfer is usually free and your betting account will be credited with the exact amount of money that you send Of course the transfer may take up to 5 days so you will probably not want to have to do this too often hence the requirement to be organised As you will be sending cash to the bookmaker and not using credit you will need to be well-funded
The vast majority of bookmakers now accept payment via intermediaries such as NETELLER and MONEYBOOKERS These facilities allow you to transfer funds between bookmakers almost instantly with low relatively fees
If you are unable or unwilling to use the methods above then the credit card transaction fees are leakages that you will have to accept for the time being As time goes by fewer sportsbooks will make these charges In the first instance whilst they charge a fee of between 1 and 3 for deposits many of the same companies pay bonuses of between 10 and 40 upon deposit The deposit fees are therefore more than offset by the deposit bonuses
You can also take advantage of the many cashback deals offered by credit card companies - receiving a percentage of each and every deposit you make to fund your bets As a moderately active trader you will find that your total betting turnover can easily approach pound12 million annually and credit card cashback can accumulate to a significant trading bonus
Also bear in mind that the percentage you make on an arb will be based on the total outlay - whereas the transaction fee you pay to the bookie will be based only on the deposit at that bookie so the arb will usually still be profitable (See example below)
Book 1 (charges 3)Book 2 (no charge)
Arb 3Total outlay pound100Return on arb pound103 (assuming proportionate staking)
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
17
MINIMISING THE IMPACT OF TRANSACTION FEES
If you are backing the favourite at Book 1 the likelihood is that you will stake approximately 70 of your total outlay there This means that your transaction fee will be 3 of pound70 ie pound210
If however you are backing the outsider at Book 1 then the transaction fee will be 3 of pound30 ie pound090
If the bet that you make with Book 1 is the winning one then you will receive extra funds on that account which you have not had to pay a transaction fee for
This means that you will be able to have a few free arbs on that account before paying any more transaction fees and this will enhance the profitability of future arbs involving that sportsbook
There will be occasions (when an arb is very small) where the profits are wiped out by the transaction fees but if this means that you have funds (ie your winnings) on that account for next time then you are better off even though you did not make a profit on that particular transaction
You may also choose to weight your stakes to compensate you for extra transaction fees rather than weighting them just to give you an equal pay-off regardless of outcome This means that you will win more if the bet at Book 2 wins - to compensate you for having to pay another transaction fee the next time you deal with Book 1
One thing is certain to make money with arbitrage you must actively participate Once you begin and start to view the project as whole rather than as a series of individual trades the scope for profitability becomes very clear
In the final part of this minicourse you will learn a simple technique which you can start using immediately to take as much as pound2000 in risk-free profit over the next 7 days
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
18
CAPITALISING ON FREE BETS
You already know that as a sports-arbitrage trader you will need to open a large number of bookmaker accounts However did you know that as well as automating this process with ArbSurfer (Starter or Pro) you can actually get paid over pound2000 to do this
Many online bookmakers offer free bets andor cash back bonsuses for new accounts whilst others offer special promotions for specific events Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
You can also use the links provided in ArbSurfer As well as the convenience of automatic application form filling the links in ArbSurfer are updated dynamically and will always take you to the best current offers available including extra bonuses available only to ArbSurfer users
The book Sports Arbitrage - How To Place Riskless Bets and Create Tax-Free Investments by Rajeev Shah details a number of techniques you can use to put this free bonus money into your bank account Below is a description of the simplest of these
If you use the method below you can expect tomake as much as pound2000 with almost no effort
The advanced techniques can make you a lot more but they also require some more effort to implement
When you receive a bonus from a bookmaker his terms will require you to bet your deposit plus any bonus before you can withdraw the money The basic method is to place a bet with the bookmaker and then eliminate all of the risk by placing an opposite bet with another bookmaker The more care that you take over securing the best prices the more profit you will make Resources such as ArbAlarm will ease the task of finding the best suitable prices but to use the most basic method all you will need is a free odds-comparison tool
Since youre opening accounts with several bookmakers all of whom are giving you bonuses simply play them against each other Heres an example
TimeEffort required 15 | Profitability 15
In this example we take advantage of VCBets offer of a pound50 free bet for new customers According to the rules at VCBet regarding this bonus our bet must be placed at odds equal to or higher than 11 (aka evens or 200)
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
19
CAPITALISING ON FREE BETS
We first have to place a bet with VCBet using our own funds in order to qualify for the free bet Well lay the bet off at Betfair for a very small loss
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
First bet(placed in order to qualify for the free bet)
Bookmaker Bet Type Outcome Stake Price
VCBET Back Newcastle 50 290
Betfair Lay Newcastle 5052 292
With the bets above
bull - If Newcastle wins we will receive pound95 from VCBet and lose pound97 at Betfair ie a loss of pound2
bull - If Newcastle does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound48 at Betfair ie a loss of pound2
Having lost pound2 however we now have a free pound50 bet to use
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
20
CAPITALISING ON FREE BETS
Using the free betUsing the free betUsing the free betUsing the free betUsing the free bet
Bookmaker Bet Type Outcome Stake Price
VCBet Back Derby 50 435
Betfair Lay Derby 3602 470
With the bets above
bull - If Derby wins we will receive pound16750 from VCBet and lose pound13328 at Betfair ie a profit of pound3422
bull - If Derby does not win (ie drawlose) we lose pound50 at VCBet and win (after commission) pound3422 at Betfair ie a profit of pound3422
Taking into account the pound2 lost in the first phase of this operation the net profit from this free bet is pound3222
pound3222 may not sound like much but you can easily repeat this same process 40 times over the course of a week to make well over pound1000 completely risk-free With the follow-up bonuses offered by most of the bookmakers your total profit could be as much as pound5000 - just for doing the preparation work you need to anyway if you want to become a sports-arbitrage trader
Obviously when you start using the TraderZone to trade arbs the trades you make with bonuses and free bets will become considerably more profitable So why not start right now It will only take you about 20 minutes to make your first pound30 profithellip
Remember ArbSurfer will automate the form-filling aspect of opening the new accounts saving you a lot of time and effort
Click here for an up-to-date summary of the new account bonuses amp other promotions available right now from UK licensed bookmakers online
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
21
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
The most important thing when starting a new Sports-Arbitrage project is organised preparation
Follow these 5 guidelines for a quick amp efficient start
1 Download ArbSurfer (either the free Starter Version or the Pro version)
Arbsurfer will significantly speed up your account-opening processes by autofilling the sign-up forms with the information in your Profile If you have not yet done so please log into the TraderZone amp download your copy now
The free Starter Version is all you need right now Once you have installed the software run it for the first time and you will be taken through a wizard Set up your Profile with your information and ArbSurfer will remember it for use with the forms youll be filling out in the steps below
2 Open a new bank account amp new credit card accounts
You will need new accounts so that you do not have to mix trading transactions with personal ones Its best to tackle this task first as it is quick to do but it usually takes the financial institutions a few weeks to complete everything amp give you the new accountscards
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bank amp Press OKbull c) The Repository will now display a list of banks amp credit card companiesbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
22
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
3 Create online wallet accounts
Online wallets are an increasingly important method of moving funds into amp out of bookmaker accounts
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Wallet amp Press OKbull c) The Repository will now display a list of online walletsbull d) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
4 Create your bookmaker accounts
You will need to open a large number of bookmaker accounts in order to maximise your opportunities The Sites Repository in ArbSurfer contains the full list of bookmakers scanned by ArbAlarm in the TraderZone However you may choose a subset of this list according to various criteria you set
For example you may initially only want to set up accounts with bookmakers in the UK If this is the case
bull a) In ArbSurfer open the Sites Repository amp press the Enable Filtering button at the bottom
bull b) Press the + button to add a filter amp set it as Categories Contains Bookmaker amp Press OK
bull c) Press the + button to add a second filter amp set it as Country Contains UKbull d) The Repository will now display a list of UK bookmakersbull e) Simply double-click on the ones you want to open and navigate to the sign-up forms
If you filled out your Profile then ArbSurfer will fill the forms out for you and all you will need to do is add any missing information and submit the form
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
23
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
Make a note of the usernames amp passwords required to log into the accounts you have set up You should then go to each site and log in for the first time When you do this ArbSurfer will prompt you to save the codes and if you click YES then these codes will be encrypted and stored securely in ArbSurfer so that the next time you visit the site you can be logged in automatically
The country filters in ArbSurfer are
bull AU = Australiabull EU = Europebull UK = United Kingdombull Other = USA amp other territories
5 Distribute your funds
Before you start trading its important that your funds are distributed amongst your various accounts so that you can act upon trading opportunities with a minimum of delay
bull Provide the bookmakers with all required documentation in advance For example in order to make your first deposit with an Australian bookmaker you will need to send them a fax or scan of your ID and credit card If you do not do this in advance the process will seriously hinder your ability to successfully place a bet with them on the first occasion that they are involved in a sports-arbitrage trade Look through the sites you have set up accounts with and see which ones need more information from you
bull Some bookmakers provide Instant-Bet accounts which will debit your card automatically at the time you place a bet Any accounts which offer Instant-Bet facilities can immediately be taken off your short-list of accounts which require advanced funding
bull Look for bookmakers which will accept deposits via your online wallets Deposits made this way are usually instant - this means that you can keep relatively large central balances in your online wallets ready to be used with any of the bookmakers rather than holding smaller individual balances at the bookmakers themselves
bull Decide which accounts are going to be used most frequently The data provided here will help Sports Arbitrage Statistics
Following steps (a) to (d) will help you to decide where your funds need to be as you start your trading
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
24
SPORTS ARBITRAGE BEGINNERSrsquo CHECKLIST
With these preparations in place and a trial of or subscription to ArbAlarm in the TraderZone you are now be in a position to start trading
However please keep in mind that most new traders require 4-6 weeks of hands-on experience before they start to feel truly comfortable with things
It is crucial that during this learning period you trade only with very small stakes This way the mistakes you make (every new trader makes mistakes) will not cause much damage your trading capital or psyche
Consider this if you place 50 trades with a value of 10p each you will have gained significant experience with almost no risk - this experience will pay handsome dividends as you confidently increase your stake sizes
If you follow the advice given in Lesson 7 of this course you should find that even during this learning period you are able to generate about pound2000 of risk-free profit as you open and fund your bookmaker accountshellip
If you need any guidance or assistance along the way remember that wersquore here at the Trader Support Desk waiting to help you
Drop by anytime
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader
How To Become A Successful Sports Arbitrage Trader
25
ABOUT SPORTS ARBITRAGE WORLD
Founded in 1999 wersquove evolved into the worldrsquos leading sports arbitrage software company
Our success has allowed us to invest heavily in our servernetwork infrastructure and our development and support teams
What this means for you is that you get software which works and is updated with new features regularly
It also means that you have access to a professional support team dedicated to helping you succeed with your sports arbitrage trading
Our latest innovation is the TraderZone sports arbitrage trading platform This is already the most advanced tool of its kind in this industry and itrsquos gathering rave reviews However wersquore far from finishedhellip
Join us and make money as a successful sports arbitrage trader