I think you must change the name of the thread from satellite betting to cheat betting. That's more appropriate!
Also the method you have mentioned here is not at all easy to execute. Otherwise all wealthy gamblers would have used this method. Since you are using local bookmakers, I am wondering how they are allowing you to place bets with them when you are always winning.
I don't think any bitcointalk member provide satellite feed service here but who knows, you can get lucky as well!
I don't support cheating in any area, so trying to learn of the result a few seconds earlier and use that knowledge for profit doesn't sound good to me. It also doesn't make much sense, based on my experience with live bets. For one, if the game's almost over, the odds will be incredibly low already, so not much risk (and profit) is involved even without the satellite thing. Moreover, as the odds change quickly, it's very likely that it'll take one longer to place the bet and confirm it than the difference might be between the live announcement online and a satellite (that's because you need to confirm that you agree with the new odds, and even if odds haven't changed, it still takes seconds to place and confirm the bet).