Arbitrage betting Does it Really Work ??

**hustla** · 05-11-11, 01:27 AM

yeah, it's working fine until books limits you to cents

**chunk** · 05-11-11, 01:30 AM

Yes, if you don't mind collecting tin cans.

**That Foreign Guy** · 05-11-11, 05:06 AM

In almost every arb there is a good side and a bad side. If you can work out which the good side is and which the bad side is then it's more profitable to bet the good side.

I personally think it's too much stress for at best a 2% ROI (getting stuck with a big bet on the -EV side of an arb is a terrible situation to be in).

**Daveyboy** · 05-11-11, 07:23 AM

Yeah, as long as the bookmakers don't catch you (which they will... and quickly)

**lcscanada** · 05-11-11, 06:18 PM

I do arrbing 3-4x a year. But the only way to arb to make it worth it is Vegas. At least 20k a side, scooping up 500-1000. Need a runner too for line checking and relaying. Don't get caught with you Blackberry in the sportsbook or you'll get marked fast and they'll fax/e-mail your ass to other books

**Duff85** · 05-12-11, 03:42 AM

It was alluded to above - but at smaller amounts your almost certainly better off betting into the soft side of the line. Given that Pinnacle is usually going to be one side of your arb - the soft side is nearly always the other bookmaker.

**smoke a bowl** · 05-12-11, 12:20 PM

Originally posted by That Foreign Guy

In almost every arb there is a good side and a bad side. If you can work out which the good side is and which the bad side is then it's more profitable to bet the good side.

I personally think it's too much stress for at best a 2% ROI (getting stuck with a big bet on the -EV side of an arb is a terrible situation to be in).

I agree 100% that you should always try to find the good/better bet of the 2 (sometimes both bets are good) but I sure wouldn't mind holding 2% from now til the end of time no matter how I decide to bet.

FTR I believe if you are holding more much more than 2% then you are probably not making enough bets and leaving some EV on the table.

**pitufo76** · 05-12-11, 03:58 PM

Thnaks guys for the info. it was really helpful.

**agharah1** · 05-12-11, 04:26 PM

I take it you're talking about arbitrage before the game rather than using live in game betting to limit your exposure to the game. I've used that technique to protect bets when I wanted to lock in a guaranteed gain. One example was the 2010 NCAA Tournament final between Duke and Butler. Even though Duke dominated most of the game they just couldn't put Butler away. I got nervous so I decided to arbitrage it toward the end. I was able to enjoy Butler's last big push without worrying about a bad beat.

**chunk** · 05-12-11, 05:20 PM

Live hedging is not my area of expertise, but it seems to me that you could kill or wound a lot of positive plays that way. A high degree of comfort level with even +ev wagers is fairly non-existent. The edge is just not that large. If this is based on good math, ok. Like I said, not my area.

**strixee** · 05-13-11, 04:41 PM

Some books will be giving you such nice responses to your bets:

Place a bet with the granted stake, 7.4 EUR, for market Fiorentina - Bologna and send the additional amount, 3.29 EUR, to Betsson for manual review. Your coupon will be handled within 15 minutes.

**arwar** · 05-14-11, 12:01 PM

you can make 10-12% a month, with caveats. i don't know about 'arb generating software'. if you use the SBR arb calculator it will tell you to play something like 284.63 which would obviously raise suspicions. in order to make that ROI you need to track ops 14 hrs a day. this type of play is big in Europe. there are a couple of forums out there that are devoted solely to scalping. we did a 2 month experiment last year in MLB to prove it could be done. we were doing 2K plays and none of the books ever caught on. so if you want to buy yourself a job, a boring one at that, and have a reasonable bankroll - say $50K - then go for it. imo baseball offers the most arb ops.

**mminkovski** · 05-15-11, 12:01 AM

Arbing works but you need to hit the bookie with max amounts and then run away after the limit. This can work about a year. Then you get limited everywhere. There are about 30 bookies online that you can explore.

**pitufo76** · 05-15-11, 11:21 PM

Thanks for the tips guys!!

**glosten_karakau** · 07-06-12, 02:55 PM

Originally posted by pitufo76

Thanks for the tips guys!!

lol "If you would want to pick cans" and "until bookmakers limit you to cents" You guys are funny!

I personally think it's a good way of making money if you're using a certain system. Without it, you're like a loner in a desert. Not everyone can make it through without losing everything.

**subs** · 07-07-12, 09:46 PM

Originally posted by strixee

Some books will be giving you such nice responses to your bets:

Place a bet with the granted stake, 7.4 EUR, for market Fiorentina - Bologna and send the additional amount, 3.29 EUR, toBetsson for manual review. Your coupon will be handled within 15 minutes.

betsson r so shit, but so r a whole lot of other books as well

we should do a HTT poll for: Worst book.

quickest to limit
lowest starting limits
most annoying CS

embarrass these *&^$*ers a little bit.

**goblue12** · 07-08-12, 05:06 PM

If you limit yourself to betting only the non-pinnacle/betfair/matchbook/etc. side then arbing works.

**bipolar** · 07-11-12, 10:18 PM

Asa

**LVHerbie** · 07-11-12, 10:55 PM

Originally posted by agharah1

I take it you're talking about arbitrage before the game rather than using live in game betting to limit your exposure to the game. I've used that technique to protect bets when I wanted to lock in a guaranteed gain. One example was the 2010 NCAA Tournament final between Duke and Butler. Even though Duke dominated most of the game they just couldn't put Butler away. I got nervous so I decided to arbitrage it toward the end. I was able to enjoy Butler's last big push without worrying about a bad beat.

Similar to 100% scalping out bets pre-game when only one side is +EV unless both of your bets are +EV you are giving away money by doing this...

You also might want consider your bet sizing if you have issues sweating out bets and suffering the occasional "bad beat" (which in the long run you should partially recover anyhow by the bad beats given to the books)...