big5casino
Jr. Member
So you want to be a Arbitrage Trader, huh? Well, as long as you know there's no free money, that's okay. People see surebet/arbitrage betting as a "Free money" or easy money activity but it's a tough work actually. There's no free lunch, there's no free money.
Arbitrage is never risk-free. There's always a risk. Will you get paid? Bookie may close your account. Bookie may void your bet even if it's not a palp error.
Another question mark for a newbie trader is, how much money I need in starting?
At least 10k if you ask me. Some people may say 1000$ is okay for beginning, but I strongly disagree, why?
Answer is easy. You need to keep funds at many, many books! And what if one of your accounts dropped to zero? You have to reload it. Sure, E-Wallets are handy but still, sometimes withdrawals may take some time. So 1,000$ bankroll is not even close to a serious capital. Even 10k is a low capital but that's ok for beginning. Make sure you reinvest your profits.
Reinvesting your profits is the key. You can accumulate more money with a 50k bankroll then a 10k bankroll.
I wish you good luck and success in your arbitrage betting.
Arbitrage is never risk-free. There's always a risk. Will you get paid? Bookie may close your account. Bookie may void your bet even if it's not a palp error.
Another question mark for a newbie trader is, how much money I need in starting?
At least 10k if you ask me. Some people may say 1000$ is okay for beginning, but I strongly disagree, why?
Answer is easy. You need to keep funds at many, many books! And what if one of your accounts dropped to zero? You have to reload it. Sure, E-Wallets are handy but still, sometimes withdrawals may take some time. So 1,000$ bankroll is not even close to a serious capital. Even 10k is a low capital but that's ok for beginning. Make sure you reinvest your profits.
Reinvesting your profits is the key. You can accumulate more money with a 50k bankroll then a 10k bankroll.
I wish you good luck and success in your arbitrage betting.