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Not Recommended >>
Sports Arbitrage
Customer Review for Sports Arbitrage:
| Sports Arbitrage |
| Review: |
2008-09-26 |
| Reviewer: |
Josh Chancer from London, UK |
| Review Title: |
Works very well if you are outside the US |
| Rating: |
4 Stars or Above Average |
| Review: |
Current US legislation against online gaming makes it hard for anyone in the USA to use sports arbitrage trading effectively.
However, for others it can work very well indeed. I am based in the UK and my profits from sports arbitrage are tax-free. It takes about 6-8 weeks to get the hang of things and I'd class it more as a work-from-home job than an investment. You can't just place large trades and reap large rewards; you have to execute lots of small trades and let the small profits accumulate into a worthwhile month-end sum.
Looking around the web, there are clearly a lot of scam sites which hype the opportunity to unrealistic levels but there are also a small number of very professionally run services which provide software that finds live trades for their users automatically. I personally use one of these services to very good effect and I'm averaging monthly profits equal to about 11% of my trading capital. And it's all tax free :-) |
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