Arbitrage betting involves relatively large sums of money, given that 98% of arbitrage opportunities return less than 1.
Using bookmakers [ edit ]
699 {\displaystyle 1.
So for 2 odds o 1 o_{1} and o 2 o_{2} , where o 1 − 1 + o 2 − 1 < 1 o_{1}^{-1}+o_{2}^{-1}<1 .
As well as spending time physically matching odds from various bet sites to exchanges, the other draw back with bonus bagging and arbitrage trading in this sense is that often the free bets are "non-stake returned".
While making deposits is usually made easy and quick, making withdrawals often requires proof of identity in the form of passport/driver license, copies of which need to be shared with the bookmakers via fax/email or even postal mail, which causes additional identity theft risks.
Due to the large number of accounts that have to be created and managed (containing personal details such as email, name, address, e-wallet, credit card information and often even a copy of the bettor's ID/passport or driver's license), arbitrage traders are highly susceptible to cyber fraud, such as bank account theft.
This is often loosely defined as an obvious mistake, but whether a "palp" in fact has been made is often the sole discretion of the bookmaker.
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