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Arbitrage Question
Hey guys,
How many of you use arbitrage to profit at sports gambling?
I make a lot of legitimate bets but sometimes I see obvious arbitrage between two books and I take advantage of it. I have been limited at some books but never banned.
Lastly, would it be a problem if I started posting the arbitrage opportunities I found on SBR?
Bring it!!
Which books we talking about?
I utilize just about every book rated C+ or better.Originally Posted by pimike
During baseball I spotted a C book with an A book and when the C Book was a certain total number it was money.
For example:
Bovada - Barkley, FIR on hole 1, Yes, +220
Sportsbetting - Barkley, FIR on hole 1, no, -190
Free money boys! It's there right now.
Dang not using either of those.
Been doing it for 15 years, and I've been banned at a few and limited at many. But I'll tell you the opportunities are few and far between compared to the way they used to be. Occasionally still see arb opportunities in nfl props, otherwise the odd middle opportunity in live betting.
my limit on that at bovada is $2.50 lol
shows you what happens if you make money betting
Basically, this summarizes things perfectly...
It's true. 10 years ago there was arbitrage everywhere. I do still find some from time to time. It's not very profitable but I have fun doing it so why not.
That's crazy. I didn't know Bov limited like that.
Bovada, Texas +105
Heritage, Iowa State -104
Why would this be frowned upon, and how would any book possibly know you are arb'ing unless you are doing it at one of their sister sites
I don't know. I thought SBR might frown upon it. There are never arbs at sister sites because their odds are always identical.
Hey Ace, are you using software (RebelBetting, Betburger) to find your arbs or do you find them manually?
Manually. Sometimes you can see them when comparing odds on SBR too.
Yes, I agree, I continue to do it, and if I am disciplined it covers my losses from other bets..LOL
I'm just guessing but I think they get some kind of idea if lines almost always move in your favor.
This might be an issue for another thread..But thought I'd make a list of books where I've been limited or banned.
bet365, bodog, heritage, WillHill, SIA, 10bet, you wager, intertops, paddy power, coral, betfred, unibet, bwin, and that's just the ones i remember. Still ok and mostly bet now at Jazz, Wagerweb, Betphoenix, Justbet, and BOL.
Crazy how many books have limited/banned you! Sounds like you are doing something right.I use sbag/bol, bookmaker, gtbets, youwager, wagerweb, betus, betnow, betagame, heritage, Bovada. I've only gotten limited at betagame.
Yeah, it's not like it used to be. In a 3 month period I think 10 years ago or so I made $50,000 or so just on ARB's and middles. In the last 6 weeks I've made $1000, and that's spending 6-8 hours a day checking lines or betting live. Hardly worth it any more, but as you said, just for fun, and keeps me from losing on the horses or betting games straight up LOL. That's an impressive list of sites you've got there.
I don't know if you've noticed, but at some sites lines are better than others. So i found even if i was betting both sides of games, there were sites where I would always profit over time, and others where I would always lose.
Yes I have definitely noticed this. There are some sites at which I win far more often than others.
What sucks is there's no real way to hide if you're winning
If you could isolate this, and then only wager the bad lines at that site, theoretically it would lead to more profits. However this would lead to more variance and also possible losses.
Not a bad problem to have though. better than losing!!!
Bovada is very loose with the pricing, especially for props. But you will get slowed down real quick there.
Those doing arbitrage, how often do you get screwed because one of your bet was voided? That would be my biggest fear if I give it a try one day. Especially since you need to play high stakes to make decent profit.
If most of your stakes are not round figures, perhaps.
I scalped NBA Player Props at two large books for almost the entire NBA 18-19 playoffs and never had any bets voided. Both books for the playoffs were allowing $500 max bet on the props, and depending on the number of playoff games that day I could usually find anywhere from like 4 to a dozen or more. Many of the scalps were available for just minutes if not seconds after the second book opened their props, so you had to move fast, and as a result I made a typo one time that cost me about $350 after I hedged out of what I could IIRC.
Anyway, although I never had anything voided near the end of the conference finals one of the books finally limited me down to $5 for props and then a few days later just pennies. The limit came without any warning, and I was just lucky in that I entered that half of the scalp first so I didn't miss anything from getting cut off, but that is something to worry about in addition to voided bets and mistakes; that you might not know you're limited right away. A few hours later they did send me a canned message that because of my risk profile or w/e my limits had been adjusted.
They never officially cut me off but since then I can't enter anything more than a few literal cents on anything there anymore, sides, totals, whatever.
I got around $4,300 out of them even factoring in the one mistake before I was cut off. But it was nearly risk free and not a book I typically used anyway so worth it.
Round up or down as needed and eat a few cents on the arb. Cost of doing business
I love these, especially with props. Let us know what you see
In 15 years this has only happened to me only a handful of times and I can't even recall the last time. Avoiding wagering on obviously bad lines has a lot to do with this, I imagine...
100% agree. But I don't want that variance. Also, A lot of times the arbs that I find are only available at two sites. This makes it difficult to know which one is soft.
Yep exactly. If you do this long enough you get to know what is a "bad" line and what is a "soft" line. Out of my last 100 arbs one got voided. And that was because I got greedy.
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