You may have heard of sports arbitrage betting and sports arbitrage software before, and thought that it was just a hoax, but this article will give you conclusive proof that it can be done, and some people are making millions of dollars from betting on sports games, or even billions.
Sports betting is becoming a huge thing online, and while it's still illegal in some countries, you can bet on almost anything if you find the right online site.
For example in Australia where I am, there are hundred of online sports betting sites, with the most famous one probably being the TAB.
Anyway, a sports arbitrage is where you find two online betting sites that are offering opposing odds on the same game, and the idea is that you place two bets on one sports game, and no matter who wins the game, you win money.
For example, there's a boxing match, and one betting site is offering 2.3 to 1 for the heavyweight champion to win, while the other site is offering 2.3 to 1 for the new contender.
I'm not much of a sports fan, but what that tells me is that you could place a million dollar on both fighters at those odds, and make three hundred thousand dollars.
Is Sports Arbitrage Betting A Scam?
There are a lot of people coming out with all kinds of sports arbitrage software and different sorts of packages that claim to teach you how to place sure fire, guaranteed wins online.
I can't give you any advice on which type of product would work, or which wouldn't because I haven't tried any of them.
What I can tell you is the story of a friend of my dad, who became a multi-millionaire through sports arbitrage betting.
His name is David Walch, and him and his team of punters consisting of a group of about thirty or so people have made literally billions of dollars over the last few years.
They made so much money that the tax department has come after them and tried to force them to pay back taxes on all of their gambling winnings, even though gambling wins are not usually taxable.
The way the tax department saw it, this was not gambling, it was a business, and they want a piece of the money.
Of course they are fighting the court case, claiming that it was gambling, and they were not ever required to pay tax on it, but even so, it's not like they're ever going to be short of money again.
That's the only news I've heard about sports arbitrage betting, my dad knows a wealthy art gallery owner who made his huge fortune that way.
It takes extreme dedication, some good coaching, knowledge, the right type of sports arbitrage software, and a fair bit of money to invest to get a good win, but sports arbitrage betting is one of those things that is what it claims to be, a get rich quick scheme. If you know what you're doing.