This article contains an independent review of Yobetit.com, based on a thorough analysis of available data, as well as the explanations given by Yobetit team.
- 1. Introduction
- 2. Solid Company?
- 3. Business model
- 4. Analysis
- 5. Packages, monthly fee and additional cost
- 6. Summary
- 7. Recommendation
- 8. Bonuses
- 9. Launch date
- 10. LGA license (updated 1 Feb 2013)
- 11. How to start
Some time ago, Yobetit.com has been brought to our attention.
They say they’re the first arbitrage bookmaker, focused exclusively on providing arbitrage opportunities.
This is something every single one of us – arbers, tired of betting $3.65, five dimes, or if you’re lucky, 200 EUR, has been waiting for. However, provided you’ve been in this world for more than a few years, you know that what sounds too good, probably is too good.
Hence, the idea has been met with a lot of skepticism from the community. Based in Panama, a tax jurisdiction, with a completely new business scheme and last but not least, selling some packages – these are usually red flags giving out the “no-go” signal.
Based on that information, many people, including us – The Surebet Monitor Team, regarded the company to not have a solid business model. However, it would’ve been a safe, but unfair course of action not to investigate their business in detail.
Owing to their very cooperative attitude (and acting as a deputies of the community), we’ve come to understand how they are able to make their money. Let us address most of your concerns, as well as clarify how they operate in this comprehensive review.
2. Solid Company?
First of all, we’re now convinced they’re a solid company.
Why? There are a couple of solid reasons.
The first one is the fact that they won’t start operation without a LGA license. Malta is one of the most solid regulators for bookmakers, and generally doesn’t make it easy to make off with the funds. Moreover LGA is not known for handing out licenses to everybody who is interested in getting one, they rather dig into details of the business model of the company and check whether it is profitable (since this will also bring profit and keep up the reputation of the LGA).
To make a long story short – getting a LGA license is difficult, and as Yobetit CEO stated, they will not launch their service without it – this certainly brings credibility to the bookmaker.
Another reason why we think they are solid is the quality, experience and the sheer amount of investment of the people behind Yobetit.
Some of them, like their CEO – Mr. Knut Emlen originate from a company called Fair Trading Technology, which is based in the UK. We also talked to their board member, Mr. Keith McDonnell, a former Managing Director at Bodog.
Also, according to the available sources (googlable and their statements during our conference calls), their capital seems to be on the order of millions of euros.
All in all, with the previous circumstantial evidence struck down, we can say that they are solid, so once they get this LGA license prior launch your funds should be secure there.
3. Business model
Yobetit will get the majority of the revenue from the margin. In addition to that, they will have a monthly fee of 150 EUR/month to get access to full version of the arbitrage features.
Let’s see an example of how it works:
Say there’s a NBA arb of 4.35% between Pinnacle and Bwin published just before start of the game:
Since it’s a late NBA line, Pinny is most likely right and hence it is Bwin that provides value for the players here. Based on this, Yobetit is most likely to deploy a -EV (the profitable one for THEM) line first, making the market look like this:
And will present the surebet Bwin – Yobetit of 1.82% to the players.
After a certain period, they’ll close the line.
Say players bet exactly 10 000 EUR on 2.80 odds at Yobetit. Since it was the -EV line, they now can open up the +EV line (PROFITABLE TO THE PLAYERS).
Bwin most likely corrected the line
And let the players bet Pinny – Yobetit at 1.32%.
They will stop taking bets when their accepted amount at 1.53 odds reaches 18.3k EUR and balances the market. This yields them the good old fashioned arb, just on the other side.
They take in 28.3k EUR grand total. If ML1 wins, they pay 1.53 * 18.3k = 28.0k EUR, and if ML2 wins, they pay 2.80 * 10k = 28.0k EUR. Either way, they take in the profit of 300 EUR and are content.
It is in fact very unlikely that the odds will move against them, hence they work pretty much the same way we do. This looks reasonable and will probably, in time, be able to generate nice revenue.
All the stakes are linear, so if they can take 100k EUR on 2.80, they’ll be able to make 3k off the game.
Also, the numbers are only an example to understand the general idea behind how they make their money.
We’re all truly happy that Yobetit can make money, because it means that their business model is sustainable and safe. However, if I tell you to pay me 20 EUR a month for nothing, this also provides a valid moneymaking model.
However, for it to be actually realistic, I have to offer you a service for the 20 EUR, which you consider to be worth more than 20 EUR. Put in the other words, one should be given a service, which is worth its price.
Is this the case for Yobetit? Let’s analyze how arbers can benefit from playing at Yobetit.
There are two direct ways in which Yobetit provides value – the 45s hold, and the +EV odds they deploy on each bet.
The 45s hold has an optimal scenario, where it’s more than worth it to actually play the lower Yobetit line than to take the risk.
It is not a bet like the NBA Pinny – Bwin mentoined above, as any arber worth his salt will be able to take advantage of the bigger Pinny – Bwin arb with minimal cover change risk.
However, even a great and fast arber will consider using the Yobetit line for a following arb:
The market is some smallish Finnish basket game (no offense for fans of Finnish basket), and it contains the holy grail of arbitrage betting – a surebet between the greats. A SUSTAINABLE opportunity. No limiting risk.
However, such a great bounty (1.95%) carries a significant risk. It’s hard to determine which of the lines is overvalued, and both are not particularily stable due to small liquidity and might move in any direction (most likely, downwards). We would advise a bettor without high-tech support software to let go of the opportunity as it will likely bring him loss. However, here Yobetit can step in.
If they decide to publish the event, even in a form of two 0.5% surebets, that’s an excellent opportunity. You face no risk in such a situation, because it has been split into two bets with Yobetit: Pinny – Yobetit and SBO – Yobetit.
You can make an attempt on both bets, if the line in Pinny or SBO moves, so be it, you haven’t placed any bets. And if you manage to hit at least one, Yobetit will hold their line for you, so you can’t get out of it uncovered or with a negative hedge – so due to offloading the risk to Yobetit, you can either win nothing (if both lines elope you), or be ahead. The value of this proposition is high, because it doesn’t involve any limiting bookies and provides for sustainable betting.
The other way Yobetit provides value are the +EV hedge lines. While it wouldn’t be advisable for a sensible bettor to play the first NBA bet (Bwin – Yobetit 1.82%) in the above section, it is a great opportunity to wait for the Yobetit – Pinnacle 1.32% arb, and hit it as hard as you can – while taking advantage of the 45s hold for reduced risk.
Both mechanisms described above will make Yobetit a valuable addition for a mid-high budget arbitrageur. You will be able to use a light version of the bookmaker for free without premium features to check out the service and decide if it provides you enough value.
5. Packages, monthly fee and additional cost
Yobetit now offer a limited amount of three different Business Packages:
- White for 790 EUR
- Silver for 2 390 EUR and
- Black for 3 990 EUR
As Yobetit haven’t launched yet you now have the opportunity to buy a Yobetit Business Package, which include membership, education for how you can maximize your profit with Yobetits premium features and shares in Yobetit, which enable both yearly dividend and good exit potential.
The service will not be open to the public, you will need an Yobetit invite to be able and signup. There are a different number of invites included in each Package and all invites that you give out will qualify for the Affiliate Program, where you earn 10% of paid subscription fees each month. Therefore, we estimate these invites to be very popular when Yobetit launch in a couple of month.
If you however decide not to buy a Package and you get an Yobetit invite from someone else, you will be able to either use the service in full mode for 150 EUR per month, or try it out free without the premium features activated.
- Yobetit seems to be a solid, licensed Company loaded with reputable people and having a good business plan, which will enable them to make money
- Their business plan is interesting and innovative, thus creating an unique attempt at reviving the sports arbitrage market
- Their 45 odds hold WILL certainly attract a lot of arbers, securing their arbitrage opportunities
- They are going to create unique arbitrages against sharp bookies, thus attracting sharp arbers
- The usefulness of the Service is questionable for very small surebettors due to their monthly fees, however you will be able to use the service in free-mode without the premium features activated
- They face a challenge to bring in enough bettors to make their service useful. Efficient promotion and deeper understanding of their business model in the field can overcome this issue
- They have a potential of further rapid and innovative development due to the broad connections they have at the gambling field.
- Their packages content (shares) is extraordinary, however should in the end bring profit to the Customer
The Surebet Monitor Team recommends Yobetit.com as an unique bookmaker that will present exceptional arbitrage opportunities against the sharp bookies, thus having a great potential to revive the sports arbitrage market online
We would like to invite our Readers and Clients to invest their funds into this opportunity as we think that it is both good business decision (as they will have them back multiplied) as well as substantial contribution to support the field we are all the part of.
Surebet Monitor Team decided to introduce an exclusive promotion for the players who will accept our invites and join Yobetit.com by purchasing one of their packages.
Every Client who will purchase:
- Yobetit White Package will get a free monthly subscription of Surebet Monitor
- Yobetit Silver Package will get a free bimonthly subscription of Surebet Monitor
- Yobetit Black Package will get a free quarterly subscription of Surebet Monitor
Please consider the bonus offer above and this independent review (that took Us a few weeks, multiple conference calls with Yobetit representatives and a lot of discussion hours inside our Team to reliably formulate and write) as our contribution to the field of the sports arbitrage.
We hope it clarified a lot of your concers regarding Yobetit and will help you to make a decision whether to join their Service. Provided you have further questions, please raise them by writing an e-mail at email@example.com or via skype (login – BetSniper24 Team).
9. Launch date
The predicted Yobetit launch date is Tuesday 19th of February 2013.
Before that, starting from Tuesday, 18th of December 2012 Yobetit is going to start public final tests of their betting platform, that will be opened exclusively for these Clients, who purchased a Yobetit introducer package.
10. LGA license (updated 1 Feb 2013)
Yobetit is now listed as a service granted Maltese Class 2 license.
For your information, Class 2 LGA license is defined as a remote betting licence (eg. – fixed-odds betting) whereby operators manage their own risk on events based on a matchbook.
The detailed information regarding the Company you might check here:
11. How to start
To secure your Package today, or start promoting Yobetit with its fair and honest commission program, please go to their website to learn more:
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