Just looked into a website that scans for arbitrage opportunities and some other sports betting related tools, won’t drop the name because I have no clue the legitimacy of the company (although they do look clear and I already bought a plan, haven’t tried it out yet though) and checked out their walk through of the arbitrage tool after an IRL friend of mine told me about it and how he’s been trying it out, with some success so far.
I understand how arbitrage works, but I don’t understand why I wouldn’t just drop like $50,000 into these arbitrage plays if it’s guaranteed? can someone explain why I can’t do that? I’m seeing this guy and he’s doing like $800 total buy ins and making 8 bucks off of it, what is stopping me from putting in 50k and making like 5k per arbitrage play? highly confused here. (don’t dig too deep into my example, I am aware payouts will fluctuate but wouldn’t more always just be better on a guarenteed arbitrage play? why wouldn’t I sell the house and dump my entire net worth into guaranteed plays?)
In: Economics
> $800 total buy ins and making 8 bucks off of it, what is stopping me from putting in 50k and making like 5k per
If he’s making 1% why are you making 10%?
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