I’m going to review the Arbitrage software/service from Mick Cruickshank. Mike is well known for his Bonus Bagging service, which has already been approved on Cash-Master and I was one of the many that went on to sign up after the review. It has been quite successful, living up to its claims. So, recently when I started receiving some emails from Mike about his new arbitrage software, I was already interested.
I’m initially going to describe the product, and then over the next few weeks report how I’ve been getting on. There are some bold claims, about being able to “make 100% profits every day, for the rest of your life”, so lets see if they hold up.
The arbitrage software is accessed online and there are a series of videos that explain all the features of the software. The videos are all about 2 minutes long, and literally within 10 minutes you are up and ready to go. The software is very easy to use and is completely intuitive. It covers Horse Racing, Football, Tennis, Cricket and Ice Hockey.
When you hit the refresh button, the software goes off and looks at all the rates from all the book makers and then within a few seconds, lists the arbitrage opportunities. They are listed with all the appropriate details that you need to know, but no more, so the screen is not cluttered and it is easy to read. There is a very good filter system so that you can easily restrict the list of results to ones that you are more likely to be interested in. You can filter on almost any criteria, so you can limit the bookies, or maybe just football arbs, you can have min or max odds, etc, etc. The filtering is very good and makes it even easier to see the opportunities you are interested in.
Once you see an arbitrage opportunity that you are interested in, the software provides 2 links, one for the bookmaker and one for the exchange where the bet will be laid. So, theoretically, you click each of the 2 links, place the bets, and then simply wait for the event to finish, whereupon, you see the profit.
I have not yet placed any bets, but I have been looking periodically over the last few days and it looks to me like it is doing exactly what it says it is. The links take you straight to the page where you place the bets, so within seconds, you should be all done. When you hit the refresh button, there are opportunities appearing all the time. There is one column that tells you instantly what the percentage profit is likely to be. Typically the range is anything from 1% to about 15%.
Sounds great, up to 15% profit. Well, don’t think for one minute that you can just up the stakes and then see large amounts of money rolling in. It isn’t quite like that. There are 2 elements that really control what you can bet. Firstly it is the odds. If you have high odds then you will need a very large bank since the liability at the exchange could be huge. Equally, when you switch to low odds to lower the liability, you need to place a very large bet in order for the profit to be worthwhile, but this is limited by the availability of money at the exchange.
So, it is very much a balancing act. You are trying to find a balance between which opportunities have enough money in the exchange that makes it worthwhile, against what the odds are and hence how much money you need to invest in order to cover the liability.
Now this is all risk free, you are not losing the money because obviously if you lose at the exchange, then you have won at the bookie. But, tying up several thousand pounds just to make £50, is it worthwhile? That is probably down to each person to decide.
On my first day using the software, I made some notes at a couple of different times, about how many bets, and how much money would have been needed, in order to make £50 profit. The first time, I needed 6 events, with £895 on bookie bets, £991 laid on the exchange, and a bank in the exchange of £6576, to cover all the liabilities. So that is nearly £8500 that I would have needed to tie up to make the £50.
The next time I tried it a few hours later it was completely different. I would have needed £660 in bookie bets, £674 laid on the exchange and a bank of £1964 to cover the liability. So, around £3300 required to make just under the £50.
I have also seen one opportunity requiring a Bet of £1500, Lay of £1630, and a liability of only £326, giving a profit of £48.91. So I need to invest £3456 for a profit of £49. And that is in just one bet.
Now, I don’t know how typical these figures are, they could represent a good day, or a bad day, I simply don’t know yet, but I am hoping to find out.
There is another aspect to this that also needs to be considered. You need to have money in several bookies, and both Betfair and Betdaq, for this to work. If the accounts aren’t ready, then when you come to place the bets you will have to transfer money first, and by the time that process is completed, the odds could have changed, or the arb opportunity could have gone completely. Mike says in one of his videos that he chooses about 5 bookies on any particular day, and puts money into just those accounts. He then filters the arbs to limit them to just those bookies. The point is, you will need to have sufficient money spread across several bookies, and more in the exchanges. Now of course, the amount you need will depend on your target profit and the size of your bets. So, it is all relative.
I will be monitoring the software over the next few weeks so see how this works for real and what sort of money is required. A big part of the process will be the execution time to get the bets placed, so I will be using real money accounts. The question will be, how much money do I actually need, and how much profit will it make.
You can get The Bonus Bagging Arbitrage software here: