Tomato is looking for negatives in this scenario

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  • Tomato
    SBR MVP
    • 01-29-09
    • 1251

    #1
    Tomato is looking for negatives in this scenario
    Play at a book like SIA, betting their bad numbers. Or even Sportsbook.com on their ridiculous prop bets.

    Build up a huge balance on their +EV wagers.

    Once it's built up, get your money out of there by betting arbitrage moneyline bets on big dogs. Take +650 on one team at SIA and -650 on the other team elsewhere.

    Your balance is then transferred to books where your money is absolutely safe, like CRIS/Greek. Or even an exchange like Matchbook.

    SIA keeps letting you bet these numbers because overall you're not beating them. They know you'll lose it back.

    Where's the downfall in the scenario? I guess CRIS/Greek could always limit you. But Matchbook? Would SIA actually limit people who aren't up on them?
  • MonkeyF0cker
    SBR Posting Legend
    • 06-12-07
    • 12144

    #2
    Umm. Why not just withdraw it from SIA?
    Comment
    • Tomato
      SBR MVP
      • 01-29-09
      • 1251

      #3
      Originally posted by MonkeyF0cker
      Umm. Why not just withdraw it from SIA?
      Tomato COULD do that, however he is afraid after taking them for a decent amount of money, that they'll be cutting him off soon. And Tomato does NOT want this money train to end, therefore he wants to establish a negative figure at this book.
      Comment
      • BobHarvey
        SBR MVP
        • 07-08-08
        • 3987

        #4
        Tomato,

        Two questions. How did I get on your list? Is it a good list? What do the numbers stand for? Come to think of it that was three questions.
        Comment
        • 20Four7
          SBR Hall of Famer
          • 04-08-07
          • 6703

          #5
          And what happens when one or two of the big dogs win and a large chunk of Cris goes to SIA. It does happen occassionally.
          Comment
          • MonkeyF0cker
            SBR Posting Legend
            • 06-12-07
            • 12144

            #6
            I'm not one to say whether or not they'll limit or cut you simply for playing off numbers, but I wouldn't doubt it. The problem with this strategy is that the SIA ML's are likely to be the side of the arb with value. So in the long run, you'll probably end up making even more on the SIA account. You'd have to calculate a risk of ruin, making sure that you are overbetting your edge and have a high percentage of ruin for the funds in the SIA account. An even more important issue is that when you're dealing with arbing with -650's on another site, you'd need to devote a huge chunk of your bankroll simply to arb there, significantly effecting the growth of your overall bankroll.
            Comment
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