I have a quick question about the best time to put on
pinnacle arbs. I have access to bodog lines through a local and when I say pinnacle arb I mean in the context that I only place bets where I am getting a better price than the no-vig pinnacle line. In theory, pinnacle lines in big markets are efficient so this is profitable. I do not bet both sides, just the inefficient line.
My question is on the time of day to place my bets. Lines are 5pm are sharper than 11am. If I see a 5 cent arb opportunity at 11am, should I bet my full unit right then? Or should I only be arbing afternoon and beyond lines? Is there a reasonable line to draw to put my bet down in the morning, say an 8 cent or better arbritrage or is it just better to stay away from arbing morning lines altogether? thanks