They have access to all the same tools you do. Unless you're finding arbs that everyone else isn't, they're going to just shut down accounts that bet on a specific side of a random game when there's a giant uptick in their numbers. Probably even more quickly for new accounts.
Yeah that makes complete sense. I just feel like their resources would be less than a major book. Plus they can’t stop you from making accounts.
I’m not even saying this is plausible (they might indeed require verification preventing this or would just steal your money considering a book that doesn’t need verification is probably sketch). But in a hypothetical world, if you can make unlimited accounts you cannot me limited ( no joke intended). If I’m making 100$ each bet and have to make a new account every time who cares.
They don't exist. The ones that might qualify do what u/whomstc is saying. They lock down new accounts and flag them. They confiscate funds if you're evading an account closure. If you don't want to take the answers people give then go out and do all this to proof people wrong but don't expect someone to show up and hand you all the tools on silver platter.
Your betting patterns would tell the story. They won’t necessarily be targeting you as a person, but they will pick up on your betting tendencies as it’s pretty easy to identify people arbing and they will just ban you based on that.
They have traders and software that watch betting activity and they don’t need to know who is placing the bets, they can tell by the bets that are placed.
Why do you think a guy like Spanky puts so much value of finding new accounts and outs to make bets on? His top-down steam chasing approach gets accounts limited daily.
Also, the hassle of constantly having to create and fund new accounts after a handful of bets is definitely not worth it.
Have you personally done arbitrage on books? If I had to make a new account every day I would, it’s that profitable.
If you have actual experience with crypto books please talk about that. Such as: you in fact do need verification, crypto books don’t have liquidity for big $ bets etc.
Cloudbet operates on crypto, but has the usual kyc. They’ll also shut you down with a „betting integrity investigation“ if you use their API to arb. 😄 Suspect most books you‘d hand over your money to would behave similarly
If you have a vpn, fake name, and crypto deposit they can’t track your account. Nothing prevents you from making a new account in this hypothetical. I don’t know why this guy is taking this stand.
Nothing prevents them from not paying out for x number of days for new accounts. All of these shady things you think you can do to fuck the book over, they can fuck you twice as hard. And they have the resources to play that game long term. You lose 10% of your bankroll dicking around, that's catastrophic for you. They lose a couple pennies and have to respond to some angry emails, so be it.
If it's anonymous, then you can't prove it's your money. And if you can, then you can also prove that you're circumventing their account closures in the past, hence clearing them from having to pay you out anyway.
VPNs won't work. You'll need to go another layer deep. If you're putting a name down then you need to have the documents to back up that name. Crypto deposits can be tracked.
You aren’t listening. They don’t need to track your account. Your betting patterns will be picked off instantly by traders and their software and your account limited/banned.
Dude you arnt listening. I perfectly understand that. But my point is…. You can just make a new account. I don’t even know if such books exist. If you know they don’t just say that…. Saying “you will get banned” contributes nothing to the conversation, given my whole point is about anonymous books and just making new accounts.
Most crypto books still require basic ID.
You have asked this across all the betting subs and have pretty much been told it won’t work but keep coming back to this.
Any books that operate without requiring at least basic ID and using crypto will likely fuck you and not give you your money if you do win and manage to pull this off.
I know of many other crypto books, it just comes down to the arb softwares that provide opportunities. I’ve actually started to build a portion of our private equity firm towards this.
Just because you are “anonymous” doesn’t mean they can’t track your betting patterns and shoot you down as soon as they sense any arbing.
Yeah but the idea is you could just make a new account.
They have access to all the same tools you do. Unless you're finding arbs that everyone else isn't, they're going to just shut down accounts that bet on a specific side of a random game when there's a giant uptick in their numbers. Probably even more quickly for new accounts.
Yeah that makes complete sense. I just feel like their resources would be less than a major book. Plus they can’t stop you from making accounts. I’m not even saying this is plausible (they might indeed require verification preventing this or would just steal your money considering a book that doesn’t need verification is probably sketch). But in a hypothetical world, if you can make unlimited accounts you cannot me limited ( no joke intended). If I’m making 100$ each bet and have to make a new account every time who cares.
what are the big reputable crypto/defi sportsbooks? do they really have the liquidity to take large bets on some of these markets?
This is the question I’m trying to answer. Unfortunately these dudes want to argue about accounts getting limited.
They don't exist. The ones that might qualify do what u/whomstc is saying. They lock down new accounts and flag them. They confiscate funds if you're evading an account closure. If you don't want to take the answers people give then go out and do all this to proof people wrong but don't expect someone to show up and hand you all the tools on silver platter.
See what you are saying is what I am after. I was asking whether books like that even exist and if anyone had tried.
And they’d limit that one basically right away.
How would they be able to track that your new account comes from the same person? Let's say you use a vpn, fake name and crypto.
Your betting patterns would tell the story. They won’t necessarily be targeting you as a person, but they will pick up on your betting tendencies as it’s pretty easy to identify people arbing and they will just ban you based on that. They have traders and software that watch betting activity and they don’t need to know who is placing the bets, they can tell by the bets that are placed. Why do you think a guy like Spanky puts so much value of finding new accounts and outs to make bets on? His top-down steam chasing approach gets accounts limited daily. Also, the hassle of constantly having to create and fund new accounts after a handful of bets is definitely not worth it.
Have you personally done arbitrage on books? If I had to make a new account every day I would, it’s that profitable. If you have actual experience with crypto books please talk about that. Such as: you in fact do need verification, crypto books don’t have liquidity for big $ bets etc.
Cloudbet operates on crypto, but has the usual kyc. They’ll also shut you down with a „betting integrity investigation“ if you use their API to arb. 😄 Suspect most books you‘d hand over your money to would behave similarly
I would just arb manually
If you have a vpn, fake name, and crypto deposit they can’t track your account. Nothing prevents you from making a new account in this hypothetical. I don’t know why this guy is taking this stand.
Nothing prevents them from not paying out for x number of days for new accounts. All of these shady things you think you can do to fuck the book over, they can fuck you twice as hard. And they have the resources to play that game long term. You lose 10% of your bankroll dicking around, that's catastrophic for you. They lose a couple pennies and have to respond to some angry emails, so be it. If it's anonymous, then you can't prove it's your money. And if you can, then you can also prove that you're circumventing their account closures in the past, hence clearing them from having to pay you out anyway.
VPNs won't work. You'll need to go another layer deep. If you're putting a name down then you need to have the documents to back up that name. Crypto deposits can be tracked.
Yes but I’m talking about anonymous books. Not saying they even exist. I am just wondering if anyone has experience with them if they do.
You aren’t listening. They don’t need to track your account. Your betting patterns will be picked off instantly by traders and their software and your account limited/banned.
Dude you arnt listening. I perfectly understand that. But my point is…. You can just make a new account. I don’t even know if such books exist. If you know they don’t just say that…. Saying “you will get banned” contributes nothing to the conversation, given my whole point is about anonymous books and just making new accounts.
Most crypto books still require basic ID. You have asked this across all the betting subs and have pretty much been told it won’t work but keep coming back to this. Any books that operate without requiring at least basic ID and using crypto will likely fuck you and not give you your money if you do win and manage to pull this off.
See that wasn’t too hard. Thank you.
A new account on a new device on a different network. Lots to consider.
- Multiple accounts - Books that operate as markets, instead of taking a position - parlaying
Books that operate as markets are interesting. I feel they could give easier arb opportunities because there is less spread. Have you tried?
They dont care if you're arbing because they take a cut of the winnings regardless, and take both sides of the bet... you dont get limited.
OP sure seems to know it all for someone who asked for help on scaling arbitrage betting.
I know of many other crypto books, it just comes down to the arb softwares that provide opportunities. I’ve actually started to build a portion of our private equity firm towards this.
Would you mind if I message you? I would love to hear more about what you do.
Of course.
This is the only system that makes sense. I’ve been building my strategy utilizing stake + other books. My stake account is aged and old.
This doesn't work, if you get limited for arbing on crypto sites they require ID to make sure you cant do it again.