Re: Arbs
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1% a day would actually result in a profit of 3678%.
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Pesky compound interest. Thanks!
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I hope you understand that this wasn't a typo. It might look like 365%, but it actually more than 10x that much.
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Oh no. I understood my mistake immediately. I'm new at this and am stunned at the money that is available with relatively low risk.
Of course, I could never leverage my whole bankroll into 1% arbs every day because of the need to move money around, but it made me realize that my return is going be much larger than I first thought.
So far I'm primarily focused on clearing bonuses, but I think this could be worthwhile when I'm done just on arbs alone. It seems to me that either Pinny or Matchbook have at least one arb almost every time I check.
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