First Arb on Matchbook

[FreeFall]

I have created my first arb using matchbook.

I took ORL last night for the series price of +630. I can now get the lakers at -460, saw them at -440 this morning. Either way how do I arb this to get the most out of it?


$20.00 +630 $126 ORL bet in the books
$27.39 -460 $126 LAL bet to be made
$7.39 $0.00 estimated profits

this is what I came up with. I bet $20 on ORL so since I'm pretty sure on the lakers winning I should put all of my winnings coming out of the arb on the laker side and just break even on the ORL side?

Am I doing this right? Should I wait till ORL wins another game at home making it 2-2 or 3-2?

Thoughts and cheers

[pico]

doesn;t mb charge a commission on winners?

[FreeFall]

doesn;t mb charge a commission on winners?

yes they do thats a good point I'll have to calculate them in too.

[Mark Shark]

At $20 you won't need to allow too much.

[Rich Boy]

scalpulator.com is your friend

[FreeFall]

I'm not risking nothing to win $9 on the lakers. Cool little learning experience. Do it a few more times before I go bigger.

[pico]

^^^try not to make a mistake. mb ,lines move fast at times. one small error wipes out whole week's profit