#1
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arbitrage: $3 risk-free thanks to Syracuse!
I just had to try it.
I bought 5 shares of Syracuse to make the final 4 at $16 on wsex. I sold 50 shares (worth 1/10th as much) for the same event at tradesports at 1.70$. I paid $2 in fees in the mean time, and got a net result of +$3, no matter what Syracuse does in the tournament. Of course, I locked up $495 for the next 2 weeks in order to do it, and spent 2 hours looking at all this stuff, but damnit, I beat the system! 2ndGoat |
#2
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Re: arbitrage: $3 risk-free thanks to Syracuse!
Congrats!
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#3
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Re: arbitrage: $3 risk-free thanks to Syracuse!
haha, good work.
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#4
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Re: arbitrage: $3 risk-free thanks to Syracuse!
There's about $150 to be made on tradesports by shorting mario on american idol (i understand he left the competition) if you sold to all the people that are currently offering .2-.4. You just have to be willing to front $80000 til the end of the show... of course, if there was some shocking reversal and he returned triumphantly, you'd have to be awfully nervous.
2nd |
#5
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Re: arbitrage: $3 risk-free thanks to Syracuse!
That might be people who sold him short trying to get their money free----right?
.4 on $100 isnt a very good interest rate though. You need to annualized ofcourse. SWUSC |
#6
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You beat the system...
...when the cash is back in your account. Til then you've got $500 at risk. Yes, risk.
But really, your play here is no riskier than say, Enron stock. |
#7
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Re: You beat the system...
[ QUOTE ]
...when the cash is back in your account. Til then you've got $500 at risk. Yes, risk. But really, your play here is no riskier than say, Enron stock. [/ QUOTE ] If I chose to consider risks of cashout failure or business disappearance, this bet would be -EV. But that makes it no fun so I choose to ignore it. Thank you for providing that smug rain on my parade that I was so desperately seeking [img]/images/graemlins/wink.gif[/img] Really, the purpose of the exercise was to demo a couple sites.. I've never bet sports before, and likely will not do so with any regularity, but I'd like to know what's out there. Other than that, it was obviously a pretty stupid idea to tie up that much money even without taking your concerns into consideration. ("Yes, stupid.") I posted it for a chuckle. 2nd |
#8
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Re: You beat the system...
If WSEX or tradesports goes belly up in the next two weeks, I've give both of you $500. It's just not going to happen.
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#9
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Re: You beat the system...
[ QUOTE ]
If WSEX or tradesports goes belly up in the next two weeks, I've give both of you $500. It's just not going to happen. [/ QUOTE ] Now you've got $500 at risk. Yes, risk. <duck> |
#10
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Re: You beat the system...
"If I chose to consider risks of cashout failure or business disappearance, this bet would be -EV."
Your play is +EV, just not $3, more like $2 or $1. I got burned by a joint going tits up holding my money. My sunny disposition went with my money. If I amortize the loss over all the online transactions that have gone as they should it amounts perhaps < 1/2% |
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