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Sports arbitrage - don't gamble on ‘get rich quick’ schemes

Discussion in 'General Investing Discussion' started by Simon Hampel, 28th Feb, 2009.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Location:
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    From ASIC's Fido site: Sports arbitrage - Australian Securities and Investments Commission

     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
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    Location:
    Sydney, Australia
    CA08-05 Sports Arbitrage ≠ safe financial investing don't gamble on this ‘get rich quick’ scheme! - Australian Securities and Investments Commission

     
  3. AsxBroker

    AsxBroker Well-Known Member

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    Sydney, NSW
    Hi Sim,

    Very interesting.
    I did meet one person who had bought some sports arbitraging software. He said he was making about 1% per bet. After reading the ASIC articles I am wondering how long it will go for and then stop?

    Cheers,

    Dan