There is more to arbitrage than this but all the considerations have been built into a piece of software so you would not have to worry. For example, in an upcoming sporting event the Philadelphia Eagles and Denver Broncos are scheduled to play. If you haven’t heard about arbitrage trading by now, it’s definitely something worth taking a look at. You can place as many bets per day as you like. Your bets can range anywhere from a couple hundred dollars to thousands of dollars.
by: Timothy Rohrer
Sports’ gambling is becoming widely accepted across the internet and raking in enormous amounts of cash for many active sports gamblers. The result is a profit to you, no matter who wins the event. As a sports gambler using arbitrage trading software, you cannot only bet on sporting events, but also build an actual business. What these people won’t tell you is that there is a secret to making money when it comes to betting on sports.
Currently, gamblers are using a no risk software program that allows them to place two timely bets where they cannot lose. There are plenty of other ways to network this opportunity and build a prosperous business. Given a little time and effort anyone can make a substantial amount of money through arbitrage trading.
Copyright 2005 Timothy Rohrer
Arbitrage trading is a system where you trade with two different bookmakers who have opposing views on the outcome of an upcoming event on the same event. For years arbitrage trading has been placed in the” too hard” basket for the vast majority of people and therefore is not widely known. When the sporting event finally happens you will win one bet and lose another. Because these two bookkeepers disagree on the outcomes of the sporting event, there are small profit margins to capitalize on in the spread where you can make a nice profit.
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This article was posted on November 18, 2005. Using a calculator provided by the arbitrage trading program, it will tell you how much money to bet on each team. Only recently has arbitrage trading software made it possible for the average person to place bets in sports gambling and win 100% of the time.
Is it possible to create a business out of arbitrage trading? Yes, it is very possible. How much money can you make with an arbitrage trading software program? The amount of money you can make depends on the amount of money you bet per trade
Funny enough, this the exact same dialogue that the Fantasy Sports operations use on their client base.. Both companies claim to use specially-designed software that can “identify and interrupt” obsessive and compulsive fantasy team owners/ users.
Advocates for the Fantasy Sports industry argue vehemently that DFS is mostly a game of skill with a small element of luck involved. For instance, many of the top performing DFS players make no secret of the fact they often use regression analysis, machine learning techniques, point-spread analysis and a host of other numerical techniques to get the edge over their competitors.
Probably the most distressing argument comes from Fantasy Sports’ comparison to traditional Sports betting (which is illegal in all states except Nevada and Delaware). The act banned all wagering on sporting events at the time except in the two states where it was already legal (Delaware and Nevada). They promote the idea that with just a little bit of research on injury reports, match-up histories, and the like….players can gain an advantage on the gambling house and make away with oodles of cash. According to these advocates, the outcome of most if not all fantasy sports tournaments can be determined by the “accumulated statistical results” of sporting events. And to be fair, there is a lot of evidence to back up their claims. Yet, as the amount of money that is being wagered on fantasy sports mounts and the number of losers increases; many users are left feeling like they’re in a typical casino setting.
Fast forward to the present day. The legal sports gambling institutions that operate in Delaware and Nevada often argue that there is a skill component to wagering on outcome of sporting events. Back then, Fantasy Sports was a technical niche that was on no one’s radar; therefore the law made no mention of it.
compared to Traditional sports betting:
As mentioned before, according to the the language of the UIGEA, the issue of whether or not fantasy sports games can be considered online gambling or not depends on to what extent the fantasy sport is a game of chance or a game of skill.
Moreover, industry leaders Fan Duel and Draft Kings claim that they actively combat gambling addiction and work actively to prevent unhealthy interaction with their product. In 1992, Congress passed the Professional and Amateur Protection Act
Chris Christie’s request to permit legal sports betting in the Garden State. Believe me, if Apple figures out a way to fit prostitutes with one of those Square credit card readers for the iPhone to automatically deduct sales taxes and Social Security, well, just get ready for the UberEscort app is all I’m saying.
The federal government and an association of sports leagues are opposing this move to legalize sports betting. It’s illegal only because the government is not taxing it, and because the pro sports leagues are not getting a cut of the action. Meanwhile, if you would like to buy a lottery ticket, those odds on the Powerball are about a bajillion-to-one. Standing in line for the lottery in your bathrobe in the early afternoon? Still legal, but really sad.
That means you and I will continue to get stuck in line at the Kwik-e-Mart, behind some delusional nudnik spending money he doesn’t have on a handful of scratchers, or calling out his “lucky” numbers to the clerk.
The nice thing about vices is that as they become more widespread, popular acceptance eventually overrides the law. When gambling is profitable to these entities and interest groups, it’s legal. And, of course, fantasy activities increase viewership; instead of watching only your team on Sunday, you’re going to watch every game and commercial featuring your fantasy players. It’s in Christie’s interest — and that of New Jersey — to revive the casino industry.
Sports wagering is probably next. The New Jersey Attorney General’s office has since directed law enforcement to refrain from prosecuting casinos and racetracks for running sports-wagering pools.
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Whether it’s outlawing drugs, prostitution, even alcohol Prohibition, making vices illegal is problematic because it’s illogical. Here’s what happened:
Ultimately, don’t think for a second that the leagues, the states or the federal government care about the morality of our gambling addictions. As it stands, a federal court of appeals has struck down a New Jersey law repealing a sports betting ban. But the government is happy to take your money on that bet.
Confused? You should be. It’s the ultimate hypocrisy to suggest that there’s something evil about putting 50 bucks on the Eagles to cover the spread: a close to 50/50 wager. When someone else is making the profits, it’s magically illegal.
It has often been said that vice crimes are “victimless,” because each one of them involves a deliberate choice to inject, fornicate, snort or swill to the detriment of one person: the person with the bad habit.
So then, can sports betting become morally and legally acceptable in New Jersey, where the government is prohibited from licensing or sponsoring it? Traditionally, gambling has only been legal when the government can profit, but the governor and his attorney general have apparently decided that a devastating loss of jobs in Atlantic City justifies forgoing money in the coffers.
Placing a bet with your bookie at the bar is outlawed, but not because it’s intrinsically immoral. Don’t believe me? Fantasy sports–gambling havens of their own–are legal, and now an industry.
The pro teams and leagues must be furious, right? Well, actually no. Pal, you’re in your pajama pants and slippers, out in public, at noon on a weekday: Your “lucky numbers” are anything but “lucky.” Time for some new lucky numbers, and a job.
Trump Plaza is one of the Atlantic City casinos that has shut down.
Here’s the fascinating part about the New Jersey case: The federal court of appeals held that the state could not sponsor or license sports gambling. So, the New Jersey law allowing sports wagering was struck down, except that the court observed that the federal law banned a state from “licensing” or “sponsoring” sports gambling. Virgin Islands. These benevolent entities have every interest in preventing the moral scourge and corrosive addiction that is gambling.
After all, state-sponsored gambling is already an entrenched part of our society in the form of the lottery. That was challenged by the NCAA, NFL, NBA, NHL and MLB, and the federal government in federal court. Prohibition didn’t work because we didn’t accept it. Another way the NFL benefits massively from fantasy sports.
By this logic, New Jersey could pass a law making sports betting legal in a casino, so long as the state had no part in regulating it. The NFL, for example, runs its own fantasy leagues, and licensed use of any NFL products is an additional revenue stream. Follow him on Twitter: @CevallosLaw. What a surprise: In states where it is now legal it is taxed and regulated.
(CNN) — As a society, it seems we’ll always struggle with our vices. Marijuana has become legal over time by slowly gaining ground, until users–and states–openly flouted federal criminal law. It’s all about money.
While the Garden State has a “moral” dilemma, the leagues’ position remains the same: the 3rd Circuit decision doesn’t guarantee them any profit, so they will continue to oppose sports betting as they have so far in this case.
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The sooner the leagues figure out an infrastructure that siphons revenue from Grandpa Vito’s nasty penchant for blowing his pension check on the ponies, sports betting will magically become OK with pro sports. As long as the state offers some flimsy pretext about the money going to schools or senior citizens, we the people are placated.
And then there’s gambling.. Our governments are less morally conflicted, it seems.
Of course, supporters of vice prosecution argue that the individual’s addiction or bad decisions always have an indirect collateral effect on society as a whole: Drugs and prostitution ruin neighborhoods, while booze and cigarettes impose a health care cost borne by all of us.
Which means — and this is confusing — sports betting may be legal in New Jersey.
That question might have been answered in the negative, if Atlantic City had not suffered big declines in the profits of casino businesses in 2013. That is apparently different than banning a state from making sports gambling legal.
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Crimes, on the other hand, are wrongs committed against another person, or society as a whole–by definition, damaging another person’s body or property.
Make no mistake, the only reason lotteries are legal is because the government gets to wet its beak. The court held the state law conflicted with federal law, called PASPA, which prohibits engaging in a sports gambling scheme “pursuant to state law.”
The Unlawful Internet Gambling and Enforcement Act of 2006 makes an exception for any fantasy sports game with an outcome that reflects the relative knowledge of the participants (but not chance). Vices are personal choices made that harm one’s own body or property.
New Jersey passed a 2012 state law legalizing sports betting in the state. NBA Commissioner Adam Silver has conceded what the rest of us have known for a long time: Legal sports gambling is inevitable.
Court will rule on Chris Christie’s effort to legalize sports gambling in New Jersey
Danny Cevallos says sports leagues, federal government oppose the move
He says it’s not an objection on moral grounds; the foes just want their share of money
Cevallos: For New Jersey, the key is to stop the loss of casino jobs
Basically, if a state law conflicts with a federal law, and the federal exercise of power in that area is valid, the state law loses. The court voided the New Jersey law, finding it was pre-empted by the federal law.
Editor’s note: Danny Cevallos is a CNN legal analyst, criminal defense attorney and partner at Cevallos & Wong, practicing in Pennsylvania and the U.S. That sounds a lot like betting on games–but then again, who are we to question the wisdom of Congress?
Just kidding. They care about money. The opinions expressed in this commentary are solely those of the author. That put Christie in a bit of a pickle: Is there any point in legalizing sports wagering if the state doesn’t get a piece of the pie?
On October 6, a federal district court judge will entertain New Jersey Gov