Arbitrage Question

**BChrisB** · 12-26-20, 09:48 PM

Is it considered arb’ing when trying to catch a middle? For example, if I’m betting team A -7 and at halftime their up 21 points and the halftime line had the dog at 17.5 points is that considered arb’ing? I tried at BOL once and they refused my bet.

Now if I chose to do the same with a different book is that still considered arbitrage?

**ace7550** · 12-26-20, 09:56 PM

Originally posted by BChrisB

Is it considered arb’ing when trying to catch a middle? For example, if I’m betting team A -7 and at halftime their up 21 points and the halftime line had the dog at 17.5 points is that considered arb’ing? I tried at BOL once and they refused my bet.

Now if I chose to do the same with a different book is that still considered arbitrage?

I would call that hedging.

**Optional** · 12-26-20, 11:17 PM

Originally posted by BChrisB

Is it considered arb’ing when trying to catch a middle? For example, if I’m betting team A -7 and at halftime their up 21 points and the halftime line had the dog at 17.5 points is that considered arb’ing? I tried at BOL once and they refused my bet.

Now if I chose to do the same with a different book is that still considered arbitrage?

Arbitrage is placing two bets at the same time at different books. To exploit the difference between best and worst odds in the market for a small "guaranteed" profit each time.

Everything else you describe is trading or hedging and is considered normal betting and just fine anywhere.

**BChrisB** · 12-27-20, 01:43 AM

Originally posted by ace7550

I would call that hedging.

That’s what I always thought. So is it common for a book’s platform deny you a hedge?

**ace7550** · 12-27-20, 11:25 AM

Originally posted by BChrisB

That’s what I always thought. So is it common for a book’s platform deny you a hedge?

Typically I would use another book to hedge. I think that a book would see someone who hedges as sharp. You want the books to see you as a degenerate moron for as long as possible.
That being said, I don't think most top books would have a problem if you hedged a bet. They may not count it towards RO though.

**redsox2004** · 01-05-21, 05:34 PM

Originally posted by ace7550

I've never understood people that don't take bonuses. Is the RO really that big a deal? Were you going to withdraw and never make another bet? You are going to eventually meet the RO. You might as well take the free money.

Loved this thread but I would re-think this. Bitcoin is up 70% since this comment in just 3 weeks. How many people would have made 70% return during this time than just leaving the balance alone in BTC? Not many. At some point we will see BTC be less volatile but right now I’d avoid rollovers that would lock up funds for more than a couple days.

**redsox2004** · 01-05-21, 05:41 PM

Originally posted by Sawyer

Well, we have many friends

It's the only way to continue arbing..

that and figuring out a side way to get books new business. I think that’s important for anyone making tens of thousands of dollars from bookies. Return the favor so to speak.

**Sawyer** · 01-06-21, 03:45 AM

Originally posted by redsox2004

that and figuring out a side way to get books new business. I think that’s important for anyone making tens of thousands of dollars from bookies. Return the favor so to speak.

Well, guys that's the truth. Let's be honest.

The essence of arbitrage business is accounts. Thre more accounts you have, more profit you will make. If you're not able to find new accounts, you won't survive long. It's not a business you can run by your own. You need company.

That's something good actually. You make new friends and you share the wealth also.

What can be more karma-friendly than this?

**Crusherrr** · 01-06-21, 09:26 AM

Originally posted by Sawyer

Well, guys that's the truth. Let's be honest.

The essence of arbitrage business is accounts. Thre more accounts you have, more profit you will make. If you're not able to find new accounts, you won't survive long. It's not a business you can run by your own. You need company.

That's something good actually. You make new friends and you share the wealth also.

What can be more karma-friendly than this?

Having a discord channel of broke poker friends at my disposal comes in handy

**Crusherrr** · 01-06-21, 09:27 AM

Originally posted by redsox2004

Loved this thread but I would re-think this. Bitcoin is up 70% since this comment in just 3 weeks. How many people would have made 70% return during this time than just leaving the balance alone in BTC? Not many. At some point we will see BTC be less volatile but right now I’d avoid rollovers that would lock up funds for more than a couple days.

Ive been in both spots. Sometimes it works, sometimes it doesnt. Ive had times where I've lost $20k just by keeping funds in bitcoin for a few hours.

**ace7550** · 01-15-21, 03:49 PM

Originally posted by Crusherrr

Ive been in both spots. Sometimes it works, sometimes it doesnt. Ive had times where I've lost $20k just by keeping funds in bitcoin for a few hours.

Same here. It does work both ways. Obviously would have been nice to be totally cashed out the last couple weeks. However, if it plummets you'll wish you had your money in the books.

**deeppckts** · 01-15-21, 04:07 PM

If you let the BTC price affect your betting operation, you're a fool

**Limited** · 01-15-21, 06:05 PM

Ive had times where I've lost $20k just by keeping funds in bitcoin for a few hours.

You only lose money if you sell BTC back to USD for less than you bought it. So HODL

**Limited** · 01-15-21, 06:10 PM

For those who in this brrrrrrrrrrrr money printing times still want to keep their savings in USD, you can go to Bybit and short BTC with leverage, to protect your USD value in case of a big BTC dump.

**ace7550** · 01-17-21, 11:23 AM

Betus Mahomes Under 2.5 tds +200
Soft line. Bet it or arb it with most any other book.

**Rale** · 01-17-21, 12:22 PM

Originally posted by ace7550

Betus Mahomes Under 2.5 tds +200
Soft line. Bet it or arb it with most any other book.

Good one Ace, over is 1.617 with Pinny

**ace7550** · 02-07-21, 10:47 AM

betnow under 4.5 sacks +120. Soft line. Can be hedged against any other book.

**ace7550** · 02-07-21, 10:51 AM

betnow, team to receive opening kickoff, bucs -130
wagerweb, bucs first to kick off +148

**UnderRated2017** · 02-08-21, 06:11 AM

Originally posted by ace7550

Betus Mahomes Under 2.5 tds +200
Soft line. Bet it or arb it with most any other book.

That's a crazy line... I mean I am Monday morning QBing but I'm pretty sure that would have been insane on Sunday morning too. Saw a few tackle totals that would have worked in this thread on BOL and BAS... I'll post next time.

**kucyk9010** · 02-08-21, 06:59 AM

Hello. Can someone write how to turn bonuses using arbitrage? For example, how do you wager the bonus offered by the Betonline bookmaker in the form of a 500$ free bet?

**garyking** · 02-08-21, 06:04 PM

You would have to have an account at one other sportsbook. Find the best arb line at another sportsbook. For example K.C -3 +100 and Tampa +3 +100. Then bet $500 at betonline on K.C., and $250 on Tampa at the other book. This free bet would then turn into guaranteed $250 profit. You may have to be patient to find the appropriate line, perhaps checking out rapidly changing lines like halftimes.

**Krashman** · 02-09-21, 01:19 AM

Originally posted by garyking

You would have to have an account at one other sportsbook. Find the best arb line at another sportsbook. For example K.C -3 +100 and Tampa +3 +100. Then bet $500 at betonline on K.C., and $250 on Tampa at the other book. This free bet would then turn into guaranteed $250 profit. You may have to be patient to find the appropriate line, perhaps checking out rapidly changing lines like halftimes.

Freeplays lose on a push at BOL. Make sure any spread you take has a hook.

**kucyk9010** · 02-09-21, 02:42 AM

Originally posted by garyking

You would have to have an account at one other sportsbook. Find the best arb line at another sportsbook. For example K.C -3 +100 and Tampa +3 +100. Then bet $500 at betonline on K.C., and $250 on Tampa at the other book. This free bet would then turn into guaranteed $250 profit. You may have to be patient to find the appropriate line, perhaps checking out rapidly changing lines like halftimes.

What next if the bet on KC -3 in Betonline wins? How to continue bidding? This free bet must be wagered 14 times.

**garyking** · 02-09-21, 03:00 AM

Obviously the hope is that the bet at BOL would lose, eliminating the need for any further rollover. If the bet wins at BOL, you would need to continue the same process until the bet is lost there, or 14X has been wagered. It is possible that not all bets can be made at even money, and some of the free bet will be eaten away by small commission. When faced with circumstances such as this, and I want to lose money at a certain site to avoid completing a rollover/get another bonus, I try to make bets whichI think will lose at a specific site. E.G. If I liked Tampa, I would have tried to make the bet at BOL, on K.C. Your rollover here is $7000, assuming you don't lose the bet at BOL, and this is not always a quick process doing it this way. But it does ensure some profit. Otherwise, you could just bet the freebet on something you like and see how it goes.

**garyking** · 02-09-21, 03:02 AM

Originally posted by Krashman

Freeplays lose on a push at BOL. Make sure any spread you take has a hook.

Bang on Krashman, I just took the easy example of the superbowl spread. You definitely would have to pick a bet that ensures a winner one way or another.

**KS1986** · 02-09-21, 09:11 AM

Originally posted by kucyk9010

What next if the bet on KC -3 in Betonline wins? How to continue bidding? This free bet must be wagered 14 times.

Bust the account or complete the 14x rollover.

**kucyk9010** · 02-09-21, 09:51 AM

Originally posted by garyking

Obviously the hope is that the bet at BOL would lose, eliminating the need for any further rollover. If the bet wins at BOL, you would need to continue the same process until the bet is lost there, or 14X has been wagered. It is possible that not all bets can be made at even money, and some of the free bet will be eaten away by small commission. When faced with circumstances such as this, and I want to lose money at a certain site to avoid completing a rollover/get another bonus, I try to make bets whichI think will lose at a specific site. E.G. If I liked Tampa, I would have tried to make the bet at BOL, on K.C. Your rollover here is $7000, assuming you don't lose the bet at BOL, and this is not always a quick process doing it this way. But it does ensure some profit. Otherwise, you could just bet the freebet on something you like and see how it goes.

I understand that I have to place another bet on betonline for 250$? is at the second bookmaker for 500$?

**ace7550** · 02-09-21, 10:38 AM

Originally posted by kucyk9010

I understand that I have to place another bet on betonline for 250$? is at the second bookmaker for 500$?

You're going to have to do some math on your own here.

**Crusherrr** · 02-09-21, 11:28 AM

Originally posted by ace7550

You're going to have to do some math on your own here.

People want all the tips/tricks for free Ace. Some people just want you to hold their hand every step of the way.

**ace7550** · 02-09-21, 11:37 AM

I've got a good BOL/SBAG trick for you guys.
BOL/SBAG only allows you to use FP on +125 NHL and MLB. But they also allow you to use it for golf matchups. You can get golf matchups for +200 or better sometimes. Getting your FP on +200 instead of +125 makes it significantly more valuable.
Also, if your golf matchup pushes they treat it as a "cancel" not a "push." The first time I had a golf matchup push I thought to myself, "Shit, there goes $500 FP." But nope, they refunded it. It's happened to me 3 times now and every time they refund it back to my account.
Cheers boys

**kucyk9010** · 02-09-21, 11:58 AM

Not everyone is good at everything. Thanks to everyone for the answers. However, I will give up on these bonuses because I don't know how to calculate it anyway.

**garyking** · 02-09-21, 03:46 PM

Originally posted by kucyk9010

Not everyone is good at everything. Thanks to everyone for the answers. However, I will give up on these bonuses because I don't know how to calculate it anyway.

If you win the first bet at BOL, you would be +$500 at BOL and -$250 at sportsbook B. From here on all bets should be the same at both books, as you are now just trying to complete rollover. This original example was given to guarantee a $250 profit, that is why bet sizes were different. In the first example I gave, you could have bet $500 at both books, but if the betonline bet won you would have had no profit and still have to complete rollover, and if the bet at the other book won $500 profit, no rollover remaining (obviously the preferred result).
As others have said, this process has to be learned, and is not for everyone. Personally I wouldn't say give up on bonuses altogether, if you're going to be betting the rollover amount over time anyway, why not get the free money/freeplays to go along with it?

**KS1986** · 02-09-21, 05:17 PM

This is elementary school math, if he cant figure this out he shouldn't worry about scalping bonuses.

**KS1986** · 02-09-21, 05:19 PM

Originally posted by ace7550

I've got a good BOL/SBAG trick for you guys.
BOL/SBAG only allows you to use FP on +125 NHL and MLB. But they also allow you to use it for golf matchups. You can get golf matchups for +200 or better sometimes. Getting your FP on +200 instead of +125 makes it significantly more valuable.
Also, if your golf matchup pushes they treat it as a "cancel" not a "push." The first time I had a golf matchup push I thought to myself, "Shit, there goes $500 FP." But nope, they refunded it. It's happened to me 3 times now and every time they refund it back to my account.
Cheers boys

Thanks for the tip, was always worried about the push doing this.

**kucyk9010** · 02-09-21, 06:11 PM

Originally posted by garyking

If you win the first bet at BOL, you would be +$500 at BOL and -$250 at sportsbook B. From here on all bets should be the same at both books, as you are now just trying to complete rollover. This original example was given to guarantee a $250 profit, that is why bet sizes were different. In the first example I gave, you could have bet $500 at both books, but if the betonline bet won you would have had no profit and still have to complete rollover, and if the bet at the other book won $500 profit, no rollover remaining (obviously the preferred result).
As others have said, this process has to be learned, and is not for everyone. Personally I wouldn't say give up on bonuses altogether, if you're going to be betting the rollover amount over time anyway, why not get the free money/freeplays to go along with it?

Well, now I understood it

Thanks a lot my friend for help