I know some books like Pinny or Bookmaker don't care if you bet on both sides whereas this is frowned upon by other books. Does anyone know Betonline's stance on this? I'm not doing it to rollover a bonus or anything. I'm an arber.
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03-02-20 09:33 AM #1
Betting on both sides with Betonline?
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03-02-20 10:01 AM #2
You mean you are playing live or taking a lead on openers and covering later?
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03-02-20 10:04 AM #3
They may take issue if you have a bonus rollover to complete. Otherwise, it shouldn't matter.
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03-02-20 10:40 AM #4
Why not just deposit at another site and hedge your bet there? Then it wont be an issue.
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03-02-20 11:01 AM #5
They won't care. There is nothing wrong with hedging. Only mickey mouse books care about that.
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03-02-20 01:13 PM #6
Isn't arbing and hedging completely different?
Arbing is taking +105 on side B and then line moves and Side A becomes +110
Heding is side A ML and later taking side B +8
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03-02-20 01:45 PM #7
how can you arb lines at the same sportsbook
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03-02-20 01:46 PM #8
i think they might have a problem when covering a rollover. some terms say that when looking at rollover requirements.
without a rollover, they should not give a shit honestly.
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03-02-20 02:06 PM #9
They have no problem with this.
Originally Posted by caramba
But as others pointed out, if you find an arb with both sides at one book at same time, it's an error, so don't bet it.
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03-02-20 02:12 PM #10
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03-02-20 02:17 PM #11
Not at the same time. But day 1 there might be a market where one side of the arb is with BOL. Then hours or days later, there will have been market movements and the other side on BOL is now part of another arb on the same market. Originally Posted by DISTROYA
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03-02-20 02:32 PM #12
That is trading or hedging, not arbitarge. Originally Posted by caramba
It's only called arbing when you can buy/sell two instruments simultaneously for a profit.
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03-02-20 02:48 PM #13
I see I didn't explain clearly so it might sound like trading. But it's arbing. I don't wait for the market to move. I place arb 1 (and cover all outcomes). Then there might be a new arb later, with BOL once again making up one of the parts. Then I place arb 2.
Anyway, I'm glad they have no issue with this.
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03-02-20 02:52 PM #14
No it is not. Originally Posted by caramba
Books have a problem with arbitrage because it relies on market inefficiencies to work.
If it is not simultaneous, then it is not arbitrage.
No book cares about trading or hedging as you are describing. Both of those are net sum losing games for the end user.
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03-02-20 03:01 PM #15
He makes 1 bet at BOL at +105 and arbs it elsewhere at +100. Then the line moves and he bets the same game on the other side of the original bet at BOL and arbs that elsewhere, so yes he's arbing. Originally Posted by Optional
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03-02-20 03:13 PM #16
He locks in a profit once, and then does it again the opposite way at the same book? Originally Posted by byronbb
Am I missing something? How often does this happen?
And without thinking about it too much, sounds like it must be relying on errors or steam to work at all?
If that is what he is asking, instead of the thread title if he can bet both sides, then he may have cancellation problems.
Personally I am a bit skeptical this is a thing, and would like to see an example before assuring this guy he is fine.
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03-02-20 03:18 PM #17
Another case of online book bs... If you live in state with online books why bother.. No one here can give you the right answer.. It changes daily and is solely up to how to the manger at the book.. Depends on how he feels that day.. Best advice was given bet the bet at another book.. Why chance the free roll thats coming your way. Just another reason to stay away from online books..
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03-02-20 03:23 PM #18
If you are a serious bettor, why would you want people who just target errors to profit? Originally Posted by im over here now
It bleeds profits away from regular bettor's bottom line.
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03-02-20 03:37 PM #19
It's not errors. Markets move. It happens often enough. Originally Posted by Optional
I will give a fictional example. Let's say BOL offers a prop bet, LA Lakers to win NBA championship yes +400, no -450. I see another book offer -360 on no so I take the arb (no at -360, yes at +400 with BOL). Lakers play some great games, BOL changes its lines to yes +300, no -350, another book is offering +375 on yes at this time so I take this arb (no with BOL at -350 and yes at +375 elsewhere). So I've now bet both the yes and the no side with BOL.
Doesn't have to have to be longterm arbs. Pinny and Bookmaker let you bet both sides with longterm, shorter term and even live.
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03-02-20 03:38 PM #20
correct Originally Posted by byronbb
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03-02-20 03:51 PM #21
I don't think there would be any problem doing that at BOL on long term markets. Some places, like Betconstruct back end bookies, could be a problem even on long term markets. Originally Posted by caramba
I'd really need to see a real example of a single match set of bets to be sure on that though honestly. I may be wrong, and like to learn when I am, but am surprised that would occur too often at one book where you can arb both of their sides at different times pre match.
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03-02-20 03:54 PM #22
Great question.. Honestly.. If I click submit my bet and it’s accepted in error I’m screwed it’s final.. Now take the books for example.. Some are nitrous for setting bad lines ( are so they claim bad lines) and free rolling players. do some players take shots or course, but are some players just naive you bet... Yet the book takes it all from both groups.. So to answer your question.. I side with this... Book the bet pay the bet no questions.. Only 1 place in the world where I know this exists.. And it isn’t in some 3rd world shit hole country with no regulations on online books.. It’s the good ole USA Originally Posted by Optional
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03-02-20 04:06 PM #23
Here is the terms for BetMGM regarding odds errors. Originally Posted by im over here now
I challenge you to find an online book in the good ole USA who does not have something similar in their terms.
Offshore has always been fairer than UK/Euro regulated books when it comes to honoring errors.
I am with you hoping USA legal is more player friendly in the long term. But you're kidding yourself thinking USA regulated online books have a book bet, pay bet policy.
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03-02-20 04:10 PM #24
I mostly do longterm and live these days, so can't give a fresh pre match example from BOL. But back when I did lots of prematch stuff and before my time at BOL it would happen from time to time. Same principle though as with the Lakers one, new arbs are created for whatever reason, could be that another book just put up a standout price, that an injury or some other information or just weight of the money caused the market to move across the board and some moved more than others, a book might want to adjust their position and take some action on the other side etc. BOL does't have to go from best price on one side to best price on other side (that I would think is more unusual) for my scenario to happen.
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03-02-20 04:17 PM #25
You sound pretty straight. Originally Posted by caramba
Betonline is sharp action friendly. If you are not chasing steam or picking off errors, you can rely on them.
That said, if you just turn up now and then and hit an arb for the max, they may eventuality ask you to move on. After paying you.
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03-02-20 04:22 PM #26
Optional I believe what you posted has more to do with the casino and poker side.. Not sports betting.. If American book books the bet and it wins they’re paying that bet.. No questions asked..
https://www.google.com/amp/s/www.bus...0-2018-9%3famp
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03-02-20 04:23 PM #27
Side note.. no matter what fan duel said.. NJ gaming was going to make them pay
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03-02-20 05:02 PM #28
They just use all those words to soften the message. If you read it carefully it actually says any error and they can cancel any bet.
Honestly, all regulated books everywhere will have a term allowing them to do that.
It would have been PR suicide for FanDuel to not honor that bet in week 1 or 2 of operation. But I think it shows the book operators real position on this that they even attempted to cancel it.
Once they are established I bet most try to enforce it the UK way.
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03-02-20 05:15 PM #29
BOL doesnt like arbing, first they will limit you and if you still continuously taking the money out, thew will show you the door.
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03-02-20 06:00 PM #30
When I see a legitimate arb i take advantage of it as long as it's not an error. Free money right? I've seen what you are describing a couple times but it's pretty rare. I've never taken advantage of the second arb. I just think it might raise a red flag and it's not worth it to me because I don't want to get limited or shown the door. Originally Posted by caramba
Arbs used to happen all the time back in the day. Not so often anymore.
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03-02-20 06:32 PM #31
Optional agree to disagree.. Fan duel had no choice but to honor bet.. Nothing to do with bad publicity.. Bet was booked bet has to be paid.. Per New Jersey gaming regulation.. Same regulations in Nevada.. I’ll check the rest of the states.. But most states have patterned their gaming laws after Nevada.
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03-02-20 06:51 PM #32
Arbing is an interesting topic, typically when you find an arb, one book is off, the other is on market. Rare to find two books "off".
If you want to maximize your return, don't bet the side that is "normal". That line is juiced. Sure your variance will be large but hell, if you're depositing to sportsbooks just to find these microscopic arbs for a "living" or "side hustle" then I feel sorry as fuk for you.
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03-02-20 07:01 PM #33
I'm checking lines and making bets throughout the day anyways. If I happen to see an arb on a game that I have no interest in betting on why not make a little free money? Originally Posted by eaglesfan371
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