Does anyone here use http://www.arbwinner.com ?

It looks like good software and its $87 a month... much cheaper then RiskFreeProfit.

Just want to know if anyone uses it and if its worth paying for

thanks

BUMP, anyone?

I am starting to find out about sports arbritage and I am almost convinced I will give this a shot. I'm now looking for a suitable software.

Any other recommendation?

you can try zero risk arbitrage( I can't recall the exact url but a google search will do), arbhunters.co.uk

Hmmm....might give this a shot, even though I'm a complete n00b about this

After 1 month of FULL-TIME arb trading, I've decided it is not for me. Not 'worth the hype' IMHO.

Please explain.

yess... can you plss tell us your experience with it...

Here's a detailed breakdown of my experience with arb trading.

THERE ARE RISKS
- The most common risk is, after I placed a bet at one bookie, I found out the odds for the other bookie is no longer there. This is not a big problem per se, because USUALLY I can get away with tiny profit or tiny loss, but it certainly is risk nonetheless.
- The other common risk is bet limitation. After I put a bet at one bookie, I found out the other bookie's stake is LIMITED. Again, usually I quickly scramble to find other bookies with similar/slightly worse odds, just to break even/limit my loss

LIMITED OPPORTUNITIES
- If you follow arb-trading by the book (which is what RiskFreeProfit recommends), you will most likely be not taking advantage of Pinnacle's many arb opportunities, because Pinnacle (in terms of tennis retirement rules) is only grouped together with few other bookies (Olympic and very few others). The majority is either in Group A (full match) or Group D (one point).
- When I started trading I enjoyed many arbs but that's because I disregarded tennis rules altogether. If I were to stick to the rules, I FIRMLY BELIEVE I will not be able to generate the same amount of returns (13% ish IIRC)
- RFP only "focuses" on baseball, basketball, and tennis. That's it. Despite what the hype may tell you, in real life, that's all you're gonna get if you subscribe to RFP. I found a few arbs involving golf and the Winter Olympics, and they were clearly not picked up by the SureBetPro software.
- The 'problem' with me (and this is just FOR ME) is, my timezone means I will not be able to catch most of the US-sports (i.e. basketball and baseball) opportunities, because it would be around (I'm guessing from seeing screenshots that others post in the RFP forum) 3am to 6am my local time
- Since I'm basically "stuck" with tennis, and tennis has the annoying different rules, I don't see this as worthwhile doing

LIMITED RETURNS
- You need a relatively big bank in order to CONSISTENTLY earn profits. Let's say you start off with 15 bookies with $300 each (that's how I started more or less). During the first 2 weeks or so, you'll be doing just fine
- But after that, you will find that perhaps 8 bookies have $600 balance, while 7 bookies have $50 or less.
- This is a problem because now you CANNOT utilize those 7 bookies that have low balance. You need to top up these bookies.
- Yes yes yes this is covered in the RFP manual but I ran into this problem quite early on (less than 2 weeks into trading) and by the 3rd week or so, even my reserve funds are depleted.
- This forced me to re-shuffle my bookies balances (by doing withdrawals etc.) but some bookies have rules whereby you can only withdraw free of charge once a month over $500. So the reshuffling wasn't much of a success either
- I think I did pretty well at 13%, but would I replicate it in the 2nd month? I doubt it. By the end of the 1st month, about 1/3 of my bookies have zero balances while others are fatly stacked with funds, which I cannot withdraw due to the rules concerned.
- Bottom line is, I'm guessing you need $10,000 to trade continuously, $20,000 to PROFIT handsomely (at around 10-15% monthly)

TIME SPENT
- You need to be dedicated to yourself, spending time in front of the computer doing this. The hours I spent were literally from about 9am to 11pm/midnight, every single day.
- Now evaluate yourself: even with $20,000 and you earn let's say 15% per month, your returns will be about $3,000 per month, before paying the RFP subscriptions, for that kind of hours put in.
- I asked myself, is this what I want? I concluded, "not really"

MOST IMPORTANTLY though: all of the above are only MY experience. Just like forex traders, some do well at it, some don't. I think I'm one of those not very good arb trader.

WOULD I GIVE IT ANOTHER SHOT? Yes. But definitely not with RFP. ZRA would be top of my list if I were to attempt this again.

Hi GDB,

Have you tried ZRA? Are there any good? Do the cover all the sport esp Soccer?

I am interested to join ZRA. Let me have you comment

Thanks

Hi GDB,

Thanks for the sharing o your valuble experience in sport-betting...


I was thinking of trying this after lossing a lot to AS/HYIPS...

but i heard it need a lot of capital , and i asked some questions in RFP section..

but no-one seem to want to share all the "ugly" part .....

at last, i found the answers here...

thanks.....


with that kind of $$$ ....i rather play FX.....which offer much higher profit/loss....

thanks for your honesty I too was at one point looking at the doing the "arb" thing but everywhere I asked about the limitations you speak of, limited withdrawals and balances diminishing, no answers were forthcoming.

Doing some testing myself I came to the same conclusion you did... it's not really worth it for the return unless you have 40 or 50k to really seed the bookies and don't mind putting that kind of time into it.

I'll stick with FX and the Futures markets thanks... I would think the risk in the FX and Futures is somewhat greater, of course assuming you are trading with proper stops etc... but the returns are enormously larger as well..

So like you I decided arbs were great in theory and perhaps right for some people, but just not for me.

thanks 4 sharing yr exp.

i was looking into arbs a while ago, read they're some limitations so i guess i still havent got the right frame of mind to go into it

maybe if i've 30-40k capital, i might give it a shot

You've just helped me, too. I've been looking at RFP but I wasn't sure that it would be worth it in the long run. Thanks!!!

How much risk involved in these type of prgrams?

Does arb software email or alert you of new arbs that you can bet on? Or do you need to find it yourself with help from the software? Are there any good Free arb software out there? I am interested, but I am also new.

One more thing, are there arbs to bet on everyday?