BetEd and Sportsbetting went 5-2 yesterday on RL "arbs" with Matchbook.
You guys think there's something to "betting the soft side of an arb"?
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bradthebloke
SBR MVP
07-26-09
3175
#72
i had a couple questions about this. one, are there as many scalps in spread sports such as baskets and foots? and two, i imagine you go bust eventually at one book and have to take a payout from the other book to reup at the first book. with all these checks coming to you, what about taxes? as you arent really winning that money as u lost it on the other side at the book, do u have to pay taxes on this money? do the banks report it as income eventhough it wasnt?
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#73
Originally posted by bradthebloke
i had a couple questions about this. one, are there as many scalps in spread sports such as baskets and foots? and two, i imagine you go bust eventually at one book and have to take a payout from the other book to reup at the first book. with all these checks coming to you, what about taxes? as you arent really winning that money as u lost it on the other side at the book, do u have to pay taxes on this money? do the banks report it as income eventhough it wasnt?
1. scalping is easier in baseball. the spread is always the same (1.5 runs). where as in nba or nfl, you have to worry about the spread, and the juice (-110, -105, etc). so that complicates things a little for nba and nfl
2. yeah u will go bust at books a lot. but this is good b/c you get a reload bonus when you re-deposit with them.
3. i always switch up my payout methods. i use **, **, regular bank check, bank wire. do not over use and abuse the same method. otherwise ** will blacklist you b/c they will figure out you are using them to gamble. do not pay fees for payouts. most books offer one free payout every 30 days
4. i dont report my winnings or losses.
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Johnny 55
Restricted User
05-16-09
1079
#74
You have to pay taxes on your total income. Just as any business has revenue and expenses, the same would hold true for someone who wins money at sports betting. You should pay taxes on your total profit/income. Pay your taxes, this is important.
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#75
betphoenix mets ml +158 7:10 pm
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#76
get this one fast. red sox ml 5dimes +188 yanks ml greek -185
and with this wager, i have just cleared my rollover requirement at the greek!
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rfr3sh
SBR Posting Legend
11-07-09
10229
#77
zeta got an idea for you maybe to test not sure if it will work
notice the top publicly backed teams, so when you see these teams playing the next day you have a good idea the public will be on them, therefor the line should move in your favour more times then not.
If you grabbed the opener at pinny (usually around 3-4pm the day before)
by close to game time you should be able to make arbs
not sure how well this will work but just a suggestion
they show the two sites at which to bet, and the odds of each bet, the profit is obviously the amount you make from betting at both books
the only problem is they use a lot of sites, most of which you might not have money at however they find some nice arbs
look at the first one for tennis tomorrow 4.7% profit..
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#83
how do i change the settings on that site so it only lists books popular to american gamblers(greek, bookmaker, 5dimes, betjam, etc.) i also want to change the settings so it lists arbs in : mlb, nfl, nba leagues. i dont know how to wager with tennis or soccer.. lines are too confusing.
and tennis and soccer is straight forward, if you are using that site then just bet the odds they have listed 1 means the first team 2 means the away team
ie the 4.7% profit tennis bet
bet Dulko at pinny +181
bet Safarova at extra bet -149
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#85
i am on the "sure bets" tab. but i am not funded at any of those books. how do i set it up so i can arb with using only baseball lines?
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rfr3sh
SBR Posting Legend
11-07-09
10229
#86
Originally posted by ZetaPsi808
i am on the "sure bets" tab. but i am not funded at any of those books. how do i set it up so i can arb with using only baseball lines?
zeta i have not figured that out yet sorry pal
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rfr3sh
SBR Posting Legend
11-07-09
10229
#87
my 2 cents grab white sox -136 at 5 dimes right now I think they will get pounded tomorrow
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#88
thats a gamble refresh. im not good enough to predict line movements. i went all in on the tigers +150 risk 500 to win 750 so i have no balance left on my 5dimes account
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hhsilver
SBR Hall of Famer
06-07-07
7375
#89
Originally posted by ZetaPsi808
thats a gamble refresh. im not good enough to predict line movements. i went all in on the tigers +150 risk 500 to win 750 so i have no balance left on my 5dimes account
good post -- predicting line movements can be as hard as predicting winners --- be cautious about trying to arb by anticipating. as of now, 9 am, the above suggestion for cws is bad advice, though it's a long time til game time, so it still may be good - or not.
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Fishhead
SBR Aristocracy
08-11-05
40179
#90
Everyone should hava an account with MATCHBOOK
A MUST for this
Agree, careful taking leans.........this should only be done by true professionals.
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#91
betjam braves ml -146 and dodgers ml 5dimes +149
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#92
red sox -155 5dimes. rays +155 bookmaker.
this does not yield a profit, but if you pound it for the max 5dimes allows for reduced juice (risking $500 to win $775), it will yield 500 bet points at bookmaker. also a good way to clear rollover.
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#93
8:10 pm Indians ML +185 REBATEWAGER
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hhsilver
SBR Hall of Famer
06-07-07
7375
#94
glad to see you are keeping this thread alive. thanks. if I see any , I'll post.
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#95
Nov 01NBA [505] SA SPURS -7-110 275.00 USD / 250.00 USD
rebate wager hanging an off number
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RonPaul2008
SBR Hall of Famer
06-08-07
6741
#96
Can't believe I never saw this thread before.
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dodger33
SBR MVP
08-14-09
3962
#97
I know fishhead has said it before but half time lines at matchbook are some of the easiest arbs. If i remember i will post them up next sunday.
prolly the most stupid thread on this board, first of all a gamble on line movement is not an arb you idiots, it's only an arb if it is available at the time you place *both* bets. What a surprise that FH is in here too
wow that rebate wager line is still up there 3 hours later .
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Sawyer
SBR Hall of Famer
06-01-09
7761
#102
Surebet thread, huh? Useful..
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ZetaPsi808
SBR Posting Legend
09-18-08
12119
#103
Originally posted by Sawyer
Surebet thread, huh? Useful..
sawyer get a clue pal. do you even know what arbing is?
i did not arb this bet/ instead i chose to go for a middle. i just put 275 on clippers +8 -110 at bookmaker.
sawyer if the spurs win by 7 or 8 i win 227 bucks. if any other outcome occurs i lose 22 bucks. so my odds here are about +1030. and 7 is a key number in nba.
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RonPaul2008
SBR Hall of Famer
06-08-07
6741
#104
Originally posted by ZetaPsi808
sawyer get a clue pal. do you even know what arbing is?
i just put 250 on clippers +8 -110 at bookmaker.
sawyer if the spurs win by 7 or 8 i win 227 bucks. if any other outcome occurs i lose 22 bucks. so my odds here are about +1030. and 7 is a key number in nba.
Yes, 7 is the most key number in NBA-- but...I doubt that play is much better then break even....if it is at all.
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Monte
SBR MVP
08-21-10
2056
#105
Originally posted by ZetaPsi808
sawyer get a clue pal. do you even know what arbing is?
i did not arb this bet/ instead i chose to go for a middle. i just put 275 on clippers +8 -110 at bookmaker.
sawyer if the spurs win by 7 or 8 i win 227 bucks. if any other outcome occurs i lose 22 bucks. so my odds here are about +1030. and 7 is a key number in nba.
lol...yea cg on your great middle, so let's get this straight: you paid 20c for 1 point.
Not that bad, but this is not +ev.
7 is a more common number in the NBA, but not a *keynumber*...where did you get this fairy tale from? Fishhead?
Just look at the Pinny line, buying off 7.5 to get -7 you would have to pay 11c. So it is prolly worth 9-10c...which means your middle is 100% worthless.