A New Wave : Sports Arbitrage Trading
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A New Wave: Sports Arbitrage Trading
by Timothy Rohrer
Sports arbitrage trading is starting to spread across the internet like wildfire. If you havent heard of it already, its not a new concept but the possibilities seem endless. Sports arbitrage trading is not to be confused with gambling which carries risk.
Arbitrage trading does come with a risk, but the risk is much smaller than actual gambling or betting. Sports arbitrage trading is when a two bets are placed on the same sporting even with different bookmakers. Because the odds are different for each bookmaker, there is profit to be made, hence the arbitrage.
When starting out in sports arbitrage trading, many people dont have a clue as to how many bookmakers to use and how much money to place with each bookmaker and how to fund the bookmakers. Its important to watch the bookmakers closely before placing any money with them. The reason for this is you are going to want to place your funds with the bookmakers that generate the most arbitrage trading opportunities. Obviously placing your money with bookmakers that have more arbitrage opportunities means more possibilities to trade on.
The next question a lot of people ask is how do I fund the bookmakers? There are two ways to fund the bookmakers. You can use either Neteller or Firepay, both of which are similar to a paypal account. Once these accounts are funded, you can then fund the bookmakers you have chosen to deal with.
Your money comes out of the bookmakers account the same way it goes in. Either back through Neteller or back through Firepay. Many bookmakers charge a small withdrawal feel that can easily be compensated for. Usually a lot of bookmakers will allow you to withdraw once per month free of charge.
While doing sports arbitrage trading,