31 sats \ 2 replies \ @riberet19 16 May \ on: RBOA: Risk Balanced Odds Arbitrage Stacker_Sports
After reading it, a question came to mind: is arbitration not punishable in Freebitcoin? I say this because in most traditional betting houses I think they can ban you due to arbitration.
write
preview
10 sats \ 1 reply \ @Undisciplined OP 16 May
To my knowledge, they have no issue with this. The reason why they wouldn't have a problem with it is because it doesn't undermine their profit mechanism.
They take their cut out of the pool first and then pay out the winners, so however we structure our bets is of no consequence to the site owners.
By contrast, traditional betting houses give betters fixed odds that are less than fair. That means they make money in the long run, but can lose on any particular bet. Since they can lose money, they don't allow certain systematic betting behavior that opens them up to losses.
reply
21 sats \ 0 replies \ @riberet19 16 May
It makes sense, thanks for explaining to me, I suppose you have already verified this very well.
reply