Arbusers

I struck gold, really. It is about time to scale up the whole idea. In essence is arbitrage in the very broad meaning, really can not talk in details. The arbitrage works on every single Country in EU, and there is the problem. All countries in EU, as you well know accept just local customers/users. I don't want to go the path of other peoples accounts/multi-accounts etc. It is grueling, and at the end, they will start abusing themselves the idea.

So I would like to start a company by myself (only) or a family member (if needed) in order to exploit the opportunity. And yes, I prefer to pay my 10-20% TAX and to be left alone. NO problem traveling if physical presence is needed to submit my bets.
And there are so many questions/hurdled in front of me. I even don't know where to start. I guess Malta is a gambling friendly country. Is it even feasible as an idea? Most topics in Internet are USA-centric, don't apply to EU very well.

What exactly happens if me/someone else from EU (Austria for example) travels to Greece, and decided to place a bet a combo with 10 EUR with Greece's local bookmakers shop - Stoximan for the weekends matches? And it turns out a wining combo of 5000 odd which means there is a 50 000 EUR profit. I don't think the player will be scammed of his money, but it has to go to Greece for the winnings. And there is the latter repercussions - it should be a Bank Transfer for sure (most EU countries pay banks over 1000-3000 EUR). And there goes the KYC procedure etc, etc, etc...

What about if I do it everyday in a different country while traveling. By car I can visit 5-6 countries in 2 days and place my bets. It is perfectly legal activity. I hope you get my point. I would like to save all this traveling if possible, and setting local companies if needed, local offices et, etc, etc.

Who I need to talk to? Tax advisor, Revenue Agencies authorities, lawyers, a Person, A hedge fund? Which Region/State? And many more..... Any help will be appreciated,

Thank you!

A number of members started their own companies for betting reasons. But every occasion is different. And your occasion is much much more different because you are enabling more than 1 country in your calculations. Every country has its own peculiarities and circumstances. In reality you will be lost in a labyrinth.

Instead, go back to the original idea and see how you can implement it in just one country. If it works in one country, then you can think about the 2nd, 3rd etc.

And you should be talking to a number of specialists in various fields. For now, the UK, Malta, Cyprus would be the best starting points. But again, you are not revealing much, so any advise you could get here would be very general.

It works better than expected for my home country. I have gathered enough evidence of it - actual winnings + enormous ROI. But it has its limitations. I am allowed just 1-2 tries/bets every week, at best. This current week - maybe just one. But this arbitrage exist in most EU countries every single week or two, so the more - the better.

At home for total of 38 tries/bets/deals so far, I managed to bet 11 300 EUR with 43 500EUR return, 32 200 net in total. Lets just not start the debate with the variance and the low number of bets, it is irrelevant. The nature of the deal/bet is that it contains / is embedded / +EV. If it does not - which happened only 5-6 times so far, I just pass it and don't bet.

There is nothing illegal/shady or else - quite the opposite - it is the most legal opportunity you will ever find. But the catch is - the player/entrant/participant r should be local/residency/state bound somehow.

Hey,

Start by making a study of every available country for you to work with:
1. Is local shop betting available?
2. Can a non-citizen place bets in those local shops or it needs to be represented by a local citizen or created company?
3. How many different local shops are available and can i benefit from as many available as possible?
4. Is my model possible to be used without being phisicaly present in the given countries?
5. If i need to travel how far away will i travel and what are the costs of doing it.

If you have the money and can scale it quickly then do not consider an hedge fund. They will eat a big chunk of your profits, and will probably not give you the money without understanding the system itself.

Also, there's agencies in many countries that can provide you with proper counseling on how to open companies, tax advising, betting laws, etc. If you can keep all the subjects/questions within the same agency it will be easier for you to deal with the whole process + you will waste less time.

It seems that your model relies on a bet in a local bookmaker and an arbitrage elsewhere, maybe online, therefore you should understand if there's any risk of losing money in the process.

Consider if there's a way you can work with people from each country without actually revealing your model.

Tonton wrote: ↑

Tue Mar 18, 2025 11:02 am

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I guess Malta is a gambling friendly country. Is it even feasible as an idea?
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FWIW, the Admin hints Cyprus here:
best-countries-for-taxation-ranking-t10 ... 99#p103199