Is this considered an ARB bet?

sportscash · 04-29-10, 07:36 AM

i don't think so

sycoogtit · 04-29-10, 09:07 AM

Bet team A: $105 to win $100
Bet team B: $230 to win $200

Team A Win: 100-230=-130
Team B Win: 200-105=95

u21c3f6 · 04-29-10, 09:38 AM

This is not an arb and you should not do this.

sycoogtit has the right numbers. In your scenario you are essentially laying 130 to win 95 on team B. However if you only played team B, you would only need to lay 109.25 to win 95.

Joe.

Johnny 55 · 04-29-10, 09:54 AM

You have discovered the key to sports betting, market your discovery and sell it on ebay.

FreeFall · 04-29-10, 12:00 PM

Arbitrage - Wikipedia

http://en.wikipedia.org/wiki/Arbitrage

your supposed to be capitalizing on BOTH sides of the markets imbalance. You are not.

dvsbmx · 04-29-10, 09:45 PM

Originally posted by Johnny 55

You have discovered the key to sports betting, market your discovery and sell it on ebay.

Sarcasm unneeded. I was just posing a valid question sorry I don't know it all like you apparently do.

dvsbmx · 04-29-10, 09:56 PM

Originally posted by sycoogtit

Bet team A: $105 to win $100
Bet team B: $230 to win $200

Team A Win: 100-230=-130
Team B Win: 200-105=95

Are you accounting for the bet that is repaid? Example: You bet $105 to win $100, you cover and are paid $100 profit AND receive your initial bet of $105 back for a total of $205 ($100 profit.)

Originally posted by u21c3f6

This is not an arb and you should not do this.

sycoogtit has the right numbers. In your scenario you are essentially laying 130 to win 95 on team B. However if you only played team B, you would only need to lay 109.25 to win 95.

Joe.

Why would this not be a good idea? Thats pretty much my question. If it were a good idea I'm sure many people would be doing it. I just can't seem to find a reason not to unless i'm missing something already posted.

Originally posted by FreeFall

http://en.wikipedia.org/wiki/Arbitrage

your supposed to be capitalizing on BOTH sides of the markets imbalance. You are not.

Could you provide an example? I'm not sure I understand. What I'm trying to do is basically take insurance in case the team I don't like doesn't cover.

Thanks all.

MonkeyF0cker · 04-29-10, 10:06 PM

Originally posted by dvsbmx

Are you accounting for the bet that is repaid? Example: You bet $105 to win $100, you cover and are paid $100 profit AND receive your initial bet of $105 back for a total of $205 ($100 profit.)

Why would this not be a good idea? Thats pretty much my question. If it were a good idea I'm sure many people would be doing it. I just can't seem to find a reason not to unless i'm missing something already posted.

Yes. He did. The returned wager is insignificant. It's not part of your profit/loss.

Could you provide an example? I'm not sure I understand. What I'm trying to do is basically take insurance in case the team I don't like doesn't cover.

Thanks all.

Example:

Team A +105
Team B +115

Put $100 on each. +$5 if Team A wins, +$15 if Team B wins.

MonkeyF0cker · 04-29-10, 10:09 PM

If you want to look at it by including the returned wager, you'd have $335 invested. If Team A won, you'd be returned $205. If Team B won, you'd be returned $430.

UntilTheNDofTimE · 04-29-10, 10:15 PM

An arb bet is when you take advantage of line movement by betting both sides of the market. This is harder to do in the major sports but is primarily done in playoff series prices.

This is a bad example but after Game 2 i believe you could of got:

Thunder +750 for the series

After Game 4 you could have got Lakers -300

So this would be considered a arb because you have both sides of the market.

You Have Lakers 300/100
Thunder 100/750

Either way you make money.

dvsbmx · 04-30-10, 06:05 AM

Originally posted by MonkeyF0cker

Yes. He did. The returned wager is insignificant. It's not part of your profit/loss.

Example:

Team A +105
Team B +115

Put $100 on each. +$5 if Team A wins, +$15 if Team B wins.

How is the returned bet insignificant? I understand it's not part of profit/loss but it is significant in the fact that it is money returned back although it is not profit.

The example you provided is wagering equal money on both bets. Betting equal money on both sides would produce a loss of $20, no? What I'm trying to do is bet 2X (times) on one side and 1X on the other to minimize loss if the favored team (personal favorite not opposite of the dog) loses.

UntilTheNDofTimE · 04-30-10, 06:11 AM

Example:

Team A (-105)
Team B (-115)

Bet team A: $105 to win $100
Bet team B: $230 to win $200

What is your logic for betting both sides to minimize your loss?
Bet A is insignificant since even it it wins it dosent cover the loss you have on bet B

So in essence your wagering 125 to win 100 on team B

The odds for that event are -115 in your example. You throw away 10 dollars by doing this.

UntilTheNDofTimE · 04-30-10, 06:17 AM

Win team A (lose B): $105+$100= $205-$230= -$25

Win team B (lose A): $230+$200= $430-$105= $325

In your example of betting 1x on the other side to minimum your losses you must be a idiot or adding wrong

Your risking a total of 335( 105 +230)

Team A 105/100
Team B 230/200

If Team A wins you win 100. but then you lose 230 on Team B for -130. i dont see where you get 25 from.

The only way you get -25 is by saying 105+100=205. But your assuming counting the returned bet. Your only actually winning 100 so your still -130.

UntilTheNDofTimE · 04-30-10, 06:19 AM

In the last example Lets say your total Balance is 335

Balance :335

Bet A 105/100
Bet B 230/200

Balance is now :0

Bet A 105/100 WIN(205)
Bet B 230/200 LOSE(0 RETURNED)

Balance: 205

-130 on day

UntilTheNDofTimE · 04-30-10, 06:28 AM

example for the other side Lets say your total Balance is 335

Balance :335

Bet A 105/100
Bet B 230/200

Balance is now :0

Bet A 105/100 lose(0 returned)
Bet B 230/200 win(430)

Balance: 430

+95 on day

So Basically you risked 130 to win 95. you could have layed 130/100. In essence you throw away 5 bucks with this thinking.

UntilTheNDofTimE · 04-30-10, 06:29 AM

115/100 suppose to say so you threw away 15 bucks.

ugh i hate you sbrs mods for not allowing me post edits.

good day

Raleigh77 · 04-30-10, 06:30 AM

Good day sir.

hhsilver · 04-30-10, 07:30 AM

instead of the "insurance" you describe , why not just bet less on the team you like ?

The "insurance" as you label it is quite costly - it gives you worse odds.

There are times you might do what you described: If you decide you risked too much on your first bet and want to lessen your risk ( KNOWING YOU WILL PLAYING AT WORSE ODDS TO SO ).

whatsgood5 · 04-30-10, 07:30 AM

Your math was way off man

whatsgood5 · 04-30-10, 07:31 AM

Originally posted by hhsilver

instead of the "insurance" you describe , why not just bet less on the team you like ?

The "insurance" as you label it is quite costly - it gives you worse odds.

There are times you might do what you described: If you decide you risked too much on your first bet and want to lessen your risk ( KNOWING YOU WILL PLAYING AT WORSE ODDS TO SO ).

Exactly.

cala56 · 04-30-10, 07:43 AM

lET HIM MAKE IT, JUST ONE YEAR, AN THEM WE GONNA WAIT, TO DIE LAUGHING

dvsbmx · 04-30-10, 08:04 PM

Originally posted by hhsilver

instead of the "insurance" you describe , why not just bet less on the team you like ?

The "insurance" as you label it is quite costly - it gives you worse odds.

There are times you might do what you described: If you decide you risked too much on your first bet and want to lessen your risk ( KNOWING YOU WILL PLAYING AT WORSE ODDS TO SO ).

This is exactly the situation that this would be used for. Maybe I am an idiot or maybe I'm just not being very clear.

dvsbmx · 04-30-10, 08:07 PM

Originally posted by UntilTheNDofTimE

Win team A (lose B): $105+$100= $205-$230= -$25

Win team B (lose A): $230+$200= $430-$105= $325

In your example of betting 1x on the other side to minimum your losses you must be a idiot or adding wrong

Your risking a total of 335( 105 +230)

Team A 105/100
Team B 230/200

If Team A wins you win 100. but then you lose 230 on Team B for -130. i dont see where you get 25 from.

The only way you get -25 is by saying 105+100=205. But your assuming counting the returned bet. Your only actually winning 100 so your still -130.

Yes I am counting the returned bet although I am NOT counting it as profit.

dvsbmx · 04-30-10, 08:19 PM

Originally posted by whatsgood5

Your math was way off man

How is my math wrong?

Team A (-105)
Team B (-115)

Bet team A: $105 to win $100
Bet team B: $230 to win $200
-------------------------------
Win team A (lose B): $105(Bet amount)+$100(Profit)= $205(Amount wagered+ profit)-$230(Bet on team B)= -$25(Net loss)

Win team B (lose A): $230(Bet amount)+$200(Profit)= $430(Amount wagered+ profit)-$105(Bet on Team A)= $325(Bet on B-Bet on team A+Profit from win on B)
-------------------------------

I keep going over this and can't find where I'm wrong.

dvsbmx · 04-30-10, 08:22 PM

Originally posted by cala56

lET HIM MAKE IT, JUST ONE YEAR, AN THEM WE GONNA WAIT, TO DIE LAUGHING

Well I hope I can accommodate. I really would to witness someone die from laughing, especially someone who has no point, types in all caps, and doesn't make a lick of since.

gryfyn1 · 04-30-10, 08:26 PM

Originally posted by dvsbmx

How is my math wrong?

Team A (-105)
Team B (-115)

Bet team A: $105 to win $100
Bet team B: $230 to win $200
-------------------------------
Win team A (lose B): $105(Bet amount)+$100(Profit)= $205(Amount wagered+ profit)-$230(Bet on team B)= -$25(Net loss)

Win team B (lose A): $230(Bet amount)+$200(Profit)= $430(Amount wagered+ profit)-$105(Bet on Team A)= $325(Bet on B-Bet on team A+Profit from win on B)
-------------------------------

I keep going over this and can't find where I'm wrong.

You do not "win" your bet amount. your bet amount in not considered Profit..

dvsbmx · 04-30-10, 08:28 PM

Originally posted by UntilTheNDofTimE

If Team A wins you win 100. but then you lose 230 on Team B for -130. i dont see where you get 25 from.

The only way you get -25 is by saying 105+100=205. But your assuming counting the returned bet. Your only actually winning 100 so your still -130.
[/B]

Yes, I am counting the returned bet. Not as profit but it should still be included in calculations as it is returned back to you, no?

gryfyn1 · 04-30-10, 08:29 PM

Originally posted by dvsbmx

Yes, I am counting the returned bet. Not as profit but it should still be included in calculations as it is returned back to you, no?

Only if you count it as "lost" first.

dvsbmx · 04-30-10, 08:30 PM

Originally posted by gryfyn1

You do not "win" your bet amount. your bet amount in not considered Profit..

How many times can I say it. I am not counting the returned bet as profit just as money that is returned to you. How is it insignificant if it is money returned back to the bettor?

gryfyn1 · 04-30-10, 08:32 PM

Originally posted by dvsbmx

How many times can I say it. I am not counting the returned bet as profit just as money that is returned to you. How is it insignificant if it is money returned back to the bettor?

Beacuse in order to count the returned bet as money returned to you, you first have to count it as money lost -- if there;s no where in your forumla with a -105 for placing the bet you can't have a +105 for it being returned

UntilTheNDofTimE · 04-30-10, 08:45 PM

Dvs pleaser refer to post 15 and 16. I clearly showed in post 15 how your math is wrong. Read that over.

You then see how your still -130 after your 100 is won and 105 returned for 205 total.

If you dont understand post 15 your a idiot.

dvsbmx · 04-30-10, 09:28 PM

Originally posted by UntilTheNDofTimE

example for the other side Lets say your total Balance is 335

Balance :335

Bet A 105/100
Bet B 230/200

Balance is now :0

Bet A 105/100 lose(0 returned)
Bet B 230/200 win(430)

Balance: 430

+95 on day

So Basically you risked 130 to win 95. you could have layed 130/100. In essence you throw away 5 bucks with this thinking.

I think I was subtracting bet A from the ending balance when it didn't need to be thats how I arrived at $325.

d2bets · 04-30-10, 09:35 PM

How does this thread have so much discussion? Incredible.

UntilTheNDofTimE · 04-30-10, 10:00 PM

Originally posted by dvsbmx

I think I was subtracting bet A from the ending balance when it didn't need to be thats how I arrived at $325.

Yea its a common mistake people can make. Just good for you to notice it before you go and try it on your own and notice your math was wrong and how your throwing away money. If you like a side bet that side. Theres no way to minimize your loss by betting the other side unless its a actual arb situation.

+105
+115 for example

100/105
100/115

Total investment 200. Minimal return 205 Maximum return 215. This is considered a arb. If you need anything else let me know.