How Did Arbitrage Betting Get Me Banned From Sports Betting in Australia?

TL;DR

The creator says he was banned from an Australian sports betting website after using arbitrage betting strategies intended to make money regardless of an event’s outcome. He discovered the concept in 2015 and explains it through a hypothetical Roger Federer versus Nick kurios match, using different odds from two bookmakers. Read on for the method, example odds and practical limitations described.

Transcript

I know you're thinking that thumbnail was clickbait but it's not it's definitely true today guys I'm going to go through exactly how I got banned I'm not joking how I got banned from a sports betting website here in Australia this is actually a pretty funny story it's a classic example of when the house doesn't win and what happens when the house d... Read More

Key Insights

• "arbitrage betting is essentially betting in situations where the probability that you're going to lose money is zero" (2:15)
• "it's rare but the opportunities do present themselves" (2:35)
• "for the same event you're going to get different odds across different sites" (3:46)

Questions & Answers

Q: What is arbitrage betting?

Arbitrage betting uses differences in odds across betting websites to cover every possible outcome of an event. The speaker describes it as arranging bets so that, no matter what happens, money is still made.

Q: How does arbitrage betting work across different bookmakers?

The bettor finds the best odds for one outcome on one platform and the best odds for the opposite outcome on another. Bets are then placed on both outcomes using those differences rather than relying on the odds from a single bookmaker.

Q: Why did the creator get banned from sports betting?

The creator says the strategies he used to make money through sports betting led to his ban from an Australian betting website. He characterizes the experience as an example of what happens when the house does not win.

Q: When did the creator discover arbitrage betting?

He says he thought of the strategy in 2015 while travelling to work at about 5:15 a.m. At the time, he worked on a gym floor and had to arrive to open the gym at 5:30.

Q: Are arbitrage betting opportunities common?

The speaker says arbitrage betting is possible but rare. Opportunities arise when odds for the same event differ enough across betting platforms to support bets on both outcomes.

Q: What odds are used in the Roger Federer versus Nick kurios example?

On the first hypothetical site, Roger Federer is priced at a dollar thirty and Nick kurios at three dollars and ninety three cents. On the second, Federer is priced at one dollar and forty two, while kurios is priced at two dollars and ninety cents.

Q: Why does betting through only one website not create the same opportunity?

The speaker says an individual betting site sets its odds so the house takes a profit. The potential opportunity appears only when the bettor compares different sites and combines the strongest odds offered for opposing results.

Q: What is the betting odds margin?

The betting odds margin considers every possible outcome and the odds assigned to each one. According to the explanation, it is used to calculate the bookmaker’s total profit margin for an event.

Summary & Key Takeaways

• The content creator shares the story of how he got banned from a sports betting website in Australia due to arbitrage betting strategies.

• Arbitrage betting involves exploiting differences in odds across multiple bookmakers to guarantee a profit.

• Despite the risk-free nature of arbitrage betting, there are factors like changing odds and promotional offer limitations to consider.