Thread: Did anyone consider sports betting for high returns

Hey All,

I have been using sports betting as an alternative to a income flow until PIPS starts sending out WDs and I have managed to do very well. On average I earn 20-40% per week on my capital by using simple logic and diversifing my portfolio. Is anyone else using sportsbook betting to earn some money. Would like to hear some opinions/reccomendations about it if you have.

I am planning to experiment a bit with my strategy and become more aware of how sport sites and teams perform in the medium run, for a month or so and then if everything turns out well and I have a sound strategy in play I will consider pooling some funds together to help others earn income in exchange of a small % (administration fee) from the profits earned on the accounts. I will try to keep the number of particiapnts above 40 to make this easier for me. More on this when I know for sure that the 20-40% per week is feasible in the medium/long run.

Kind Regards,
Alex K.

I do a bit through the betting exchanges and online bookies as there is significant disparity of odds between them making it a fairly simple excercise to make several pips on each trade ( note: NOT GAMBLE)

Originally Posted by sailingdom

I do a bit through the betting exchanges and online bookies as there is significant disparity of odds between them making it a fairly simple excercise to make several pips on each trade ( note: NOT GAMBLE)

Which software program do you use to find the arbitrage opportunities?

None I just note them every now and then as I'm a director of a betting exchange