Making money from stoozing

schiff

The_Urbanite wrote: »

There are many types of arbitrage out there - the best way I find is to research them online and chose the route(s) that work for you.

I've been in the 'game' since 2006 and made a packet, but my experience now is that matched betting is in practice a dead duck.
I have a multitude of closed or restricted online accounts and betting shops have taken every step required to make MB a pointless exercise these days. (Each shop has a WC though which can be useful in times of dire need )

I get modest offers from a handful of online bookies who don't see me as a threat - yet - and I make a bit from these simply because I can and I have the time. Plus £150 in January so it's worthwhile, but it's not a career.

schiff

adindas wrote: »

I understand arbitrage is taking advantage of price asymmetrical of the same product at two or more different markets at the same time.

You probably want to share your experience about arbitrage ?
**How to easily spot / find the price differences of the same product at two or more different markets at the same time? Which Platform, site to use ??

The principles are set out in the Matched Betting forum. An extremely lively and useful forum in its day. Just a small number of posters keep it going.

** Sounds plausible but it isn't. A typical coupon in betting shops for the weekend's football will include about 80 matches. I've waded through such a coupon comparing the Home/Draw/Away odds against Betfair and usually found none where the bookie odds exceeded the Betfair odds. So a waste of time, too time consuming to monitor. When you do find the odd nugget by the time you've visited the betting shop, it's been cut. They are good at that.

adindas

schiff wrote: »

I've unearthed a possibility that I've not seen mentioned on here. It's the RBoS Savings Builder account, paying 1.5% up to £10K. The main condition: if the balance increases by £50 per month, you get the interest, no interest for that month if it doesn't.

I've got a 0%/0% stooz due to be repaid in October 2021. I count the number of months to repayment, multiply that by £50, deduct that from the debt and deposit the resulting figure into the RBoS account at the outset. Set up a SO to pay £50 pm into it every month till October 2021.

So for the duration of the stooz I get 1.5% on 84% of the debt plus a bit more on each subsequent £50 deposit.

The fly in the ointment is that the interest rate is variable

IMHO 1.5% for £50 a month funding requirement it is better to save it directly to RSA.

Also Some people in this MSE forum already have 1.6% with Al Rayan and/or Marcus 1.5% instant access savings to be drip feed to RSA.

But IMHO for smaller than 2% (lower if you count the minimum payment needed for the CC) it is no longer worth the effort especially with the need to open multiple accounts.

adindas

schiff wrote: »

The principles are set out in the Matched Betting forum. An extremely lively and useful forum in its day. Just a small number of posters keep it going.

** Sounds plausible but it isn't. A typical coupon in betting shops for the weekend's football will include about 80 matches. I've waded through such a coupon comparing the Home/Draw/Away odds against Betfair and usually found none where the bookie odds exceeded the Betfair odds. So a waste of time, too time consuming to monitor. When you do find the odd nugget by the time you've visited the betting shop, it's been cut. They are good at that.

Does anyone have a first hand experience with arbitrage currency trading ???
I could think there is still a room for arbitrage currency trading with other countries with geographical and time zone difference with the UK.
Is it still possible to do this considering the time difference among countries ? For Instance, Afternoon here, night in Asia, Hongkong where less trading activities.
I could understand that they might apply some spread during the night and weekend but, there might still be a loophole that could be used to make money using arbitrage activities.
If someone could share their experience, like which platform, tools, softwares to easily spot, less time consuming with the arbitrage possibility ???

The_Urbanite

schiff said:

The_Urbanite wrote: »

There are many types of arbitrage out there - the best way I find is to research them online and chose the route(s) that work for you.

I've been in the 'game' since 2006 and made a packet, but my experience now is that matched betting is in practice a dead duck.
I have a multitude of closed or restricted online accounts and betting shops have taken every step required to make MB a pointless exercise these days. (Each shop has a WC though which can be useful in times of dire need )

I get modest offers from a handful of online bookies who don't see me as a threat - yet - and I make a bit from these simply because I can and I have the time. Plus £150 in January so it's worthwhile, but it's not a career.

I've never done matched betting. I know many people have done it and it works for them but it has never appealed to me. I let the offers come and go.