What was your best passive income in 2014?

Re:What was your best passive income in 2014? by corobo on Wednesday July 30, 2014 @10:49AM (#8108484)

Any chance of going into detail on this one for the curious? Automated in what way, putting bets on low odds results? Through an API?

If anything I'm interested more in how it works than how I can do it myself!

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Re:What was your best passive income in 2014? by polimux on Wednesday July 30, 2014 @11:34AM (#8108796)

I have some bots placing bets for me 24/7 on betfair. They provide a nice API for that (https://developer.betfair.com/default/api-s-and-services/spo...).

The bots written in JS running on a node.js server. The strategy (bet pattern) I use is actually pretty simple. But it's not betting on low odds only, tryed that and failed :)

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Re:What was your best passive income in 2014? by tjtang on Wednesday July 30, 2014 @10:04PM (#8112094)

Is this arbitrage betting? What is the capital you use to generate the $500?

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Re:What was your best passive income in 2014? by PolemicThoughts on Wednesday July 30, 2014 @03:48PM (#8110510)

Can you go into further detail about your betting pattern?

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Re:What was your best passive income in 2014? by TimTimTim on Wednesday July 30, 2014 @11:19AM (#8108690)

Things like BetFair let you place bets both sides (unlike some shops like Ladbrokes where you are betting against them). This allows you to track the current betting prices and create situations where no matter the outcome you can make money.

There are a few places on the net explaining this in more detail.

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Re:What was your best passive income in 2014? by elymspears on Monday August 04, 2014 @03:33PM (#8133572)

A gambling site that allows you to make Dutch books? Lunch is on me!

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