Sports Arbitrage World Outlook: March 2009
Based on earning reports from arb traders for last month, February was as profitable as expected, with over 12,500 arbs reported by ArbAlarm last month which covered over 1009 sports matches and games through the world. The average return was around 3.62%.
Most surebets appeared in Tennis and Soccer. Together these two sports featured a total of almost 6,000 arbs with Tennis exceeding 3,500 and Soccer providing over 2,400. At the same time, sporting events on the other side of the Atlantic also gave modest profits for arbs traders focusing on NBA Basketball and NHL Ice Hockey with over 2,300 and 1,000 arbs respectively. Returns on some of these arbs were as high as 7%.
European sporting events were also as rewarding. Boxing and Snooker together featured a total of 1,400 surebets. Skybet, Stan James & The Greek most active bookmakers. Returns on these arbs were modestly profitable with yield averaging 4%.
The much talked about Tiger Woods golf matches which played out last month at North Course La Jolla, California and Ritz-Carlton GC Marana, Arizona turned into a major bonanza returning yields of over 6%. The prominent bookmakers featured here were Bodog and Victor Chandler.
Sports arbitrage traders around the world are braced for one of the busiest months of the near as we move into March.
March Madness is a phenomenon that results in huge numbers of sports arbitrage trades from the first/second week of march through to the first week of April each year.
The nickname given to the National Collegiate Athletic Association (NCAA) men’s & women’s basketball tournaments, March Madness involves hundreds of matches being played over a very short period of time as the teams compete to make it to the final four. Its popularity means that even bookmakers with no basketball expertise offer markets.
The result? An incredible number of sports arbitrage & middles trading opportunities.
Basketball fans wait every year for the tradition – the excitement – and the upsets that make up this tournament.
Here are the important dates for the 2009 tournament:
Selection Sunday: March 15, 2009
Opening Round Game: March 17, 2009
First Round: March 19-20, 2009
Second Round: March 21-22, 2009
Third Round: March 26-27, 2009
Fourth Round: March 28-29, 2009
Final Four: April 4 & 6, 2009 at Ford Field in Detroit, Michigan.
In addition to the basketball. there is a large selection of events lined up in all the major sports categories notably with the Yonex All England Super Series kicking off at Birmingham, England on 3rd of March. The World Superbike Championship will also be riding off at Losail, Qatar on the 12th of March. Be sure to check out the Sports Arbitrage calendar for information about all of the other sports events taking place next month around the globe.
I wish you a very profitable month ahead!
Tags: Sports Arbitrage Outlook
[...] Sports Arbitrage Outlook: March 2009 « Sports Arbitrage World [...]
[...] Sports Arbitrage Outlook: March 2009 « Sports Arbitrage World [...]
[...] Sports Arbitrage Outlook: March 2009 « Sports Arbitrage World [...]
[...] hours in so I figured I might also get some trading done. This time last year I made a packet with NBA arbs during March Madness & I could do with a cash injection right [...]