How I got banned from sports betting... - Arbitrage Betting Explained

So this is back in 2015, right? Back when I was, you know, uni days, I'd just go to uni during the day, you know, watch footy on the weekends, that sort of stuff.

Didn't really have too much going on in terms of employment.

But I did work at a gym back then.

I worked the gym floor and for the gym floor, It was crazy.

You had to wake up.

I had to wake up at 4 45 in the morning to get to the gym, to open the gym at 5 30.

The reason I bring that up is because when the first time that I actually thought, cause I actually thought this strategy up in my head, it was, it was pretty weird because on my way to work, I just had this thought.

about this betting strategy I could do that would make me money.

And at the time, I was going around telling everyone, I literally thought I was the first person on earth to ever think up this betting strategy.

I thought I was just like, I thought I was amazing.

I was like, oh, I've just won life.

I've just done it.

I've done it.

So, it was a very cold 2015 winter's morning.

I remember it quite well.

And on my way to work at about 5.15 a.m., I thought up this strategy, right? And the concept that I had that I thought I had invented was the concept of arbitrage betting.

Now, arbitrage betting is essentially betting in situations where the probability that you are going to lose money is zero.

So you cannot lose money through an arbitrage bet.

Now, I know what you're thinking.

You're thinking that this is impossible, right? Turns out it's not impossible.

It takes a bit of thinking, but it's not impossible, okay? And it's rare but the opportunities do present themselves.

And that's what I'm going to talk about today.

And the reason that you don't hear too much about arbitrage betting is because most people just at face value just think that it doesn't work.

Like of course the house always wins, right? We know that the house always wins.

But arbitrage betting is an interesting workaround where you can still make money even though the house always wins.