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Old 20th October 2003, 09:13 PM
becareful becareful is offline
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Join Date: Jan 1970
Location: Canberra
Posts: 730
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Chris,

I was on one of those mailing lists for a while but the problem is you need literally dozens of different accounts with the various overseas sports bookmakers to take advantage of the stuff they send. The average opportunity seemed to give a profit of around 2% and to me it just didn't seem worth the risk in having lots of funds sitting in offshore bookies accounts waiting for the opportunities. If you didn't leave the funds in the accounts then the fees most of them charge for deposits & withdrawals would eat up all the profits but if you do leave the funds in the accounts if one bookie went bust you could wipe out a whole years profits! No doubt some people make a decent amount of money out of it but you would need a rather large bankroll to make it worth the hastle at only 2% per "trade".
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