Arbitrage Betting

[Hareeba!]

Indeed there is a software that takes care of the ticket but categorizing the accounts is done manually. Thats the job of the trader. Anyway your account to us is also hareeba right?

yes but you closed it down?
why?

[188]

yes but you closed it down?
why?

I'm not sure about the exact details, Most of the time, I handle US sports such as NBA, NFL, MLB. So I think the reason for closing down is because of tennis, handball or any other small leagues that we dont specialize that much. Probably the only reason I can tell you is the change of our head of operations. I heard he came from European sportsbook. So thats one of the reason we are more strict to arbs now than before, like a year or two before.

So is it safe to say that you had a good time betting on our company? Based on your record, I can see that you started betting somewhere around 2008 and 2009.

I'll check the specifics tomorrow.

[188]

Why 188bet not have rating on SBR?Any problems with them?I look to join,they are sponsors of Bolton too

Then join us, I can guarantee you that we are a legit book.

[188]

thanks for posting. if arbers are indeed an indicator of a wrong line, as you write, they must be useful for book to have around. why has 188bet not so long ago started severely limiting some accounts then (no personal experience here, just from what i've read)?

Thanks for sharing that information. The only reason I could think of is that " change of head of operations " which means there will be a change in the policy of arbs, which is there was nothing I can do just to follow the orders from above. Aside from that, I believe that I'm giving our customers a lot of in-play especially NBA. Almost all the games from NBA, we do live betting of it everyday.

Wishing you all a happy betting.

[kiwi]

Any additional questions?

Not that I care too much, but out of curiosity and as you are here: Do you have any idea why my limits are cut to 10 Euro per bet (without any exception) at 188Bet? Too much of winnings or too many withdrawals? SBOBET or IBC would never do that... I think you move lines slower than them...

[kiwi]

My standard reply to ppl like you is: you are not an arber, you are a fking scumbag.

Bookmakers try to make money by offering odds which are lower than they should be, so that in the long run a bettor who wins 50 % of his bets would lose money. Arbers and value bettors try to make money by finding odds which are higher than they should be to make some profit. Why in your opinion bookies are honest but arbers are cheaters? Both have the same (and only) aim to make money. Or do you think a bookmaker opens his website only to give away money and make people happy?

[noyb]

Bookmakers try to make money by offering odds which are lower than they should be, so that in the long run a bettor who wins 50 % of his bets would lose money. Arbers and value bettors try to make money by finding odds which are higher than they should be to make some profit. Why in your opinion bookies are honest but arbers are cheaters? Both have the same (and only) aim to make money. Or do you think a bookmaker opens his website only to give away money and make people happy?

i think monte was refering to the multi-id-ing, not to the arbing.

[kiwi]

i think monte was refering to the multi-id-ing, not to the arbing.

That's indeed something different. I read his post again now, you are right.

[Hareeba!]

I'm not sure about the exact details, Most of the time, I handle US sports such as NBA, NFL, MLB. So I think the reason for closing down is because of tennis, handball or any other small leagues that we dont specialize that much. Probably the only reason I can tell you is the change of our head of operations. I heard he came from European sportsbook. So thats one of the reason we are more strict to arbs now than before, like a year or two before.

So is it safe to say that you had a good time betting on our company? Based on your record, I can see that you started betting somewhere around 2008 and 2009.

I'll check the specifics tomorrow.

Yes, I did enjoy playing at 188Bet and don't think you imposed any limits on my account but I did find you took only small wagers on my tennis bets.

I would certainly like to continue using 188Bet but the reason given was that you no longer take Australian customers. No reason was given and to me it makes no sense. SBO still takes Australians.

[caveira]

My standard reply to ppl like you is: you are not an arber, you are a fking scumbag.
You don't care that cheaters like yourself are one of the main reasons why many books changed for the worse.
I can honestly say i hate you, cos when i read arbforum and similiar places, you thieves are not even ashamed of yourselfs anymore. Lowlife scumbags.

Your comment makes no sense friend, you call me a cheater, but the bookmakers start the "cheat thing", the mentality of them is: "we do not want the winning players." Then for no reason, just by picking up best odds and be a good bettor who will get long-term profit, they will limit or block your account, is this fair for you? If they did stop to limit or banish players just to pick the best odds, we would not need to return with other identities.
And about the Pinnacle talks... They doesn't care about arbers just because they are "in the right side of the arb" 99% of the times, arbers are profitable for pinnacle in the long term.

[Hareeba!]

Your comment makes no sense friend, you call me a cheater, but the bookmakers start the "cheat thing", the mentality of them is: "we do not want the winning players." Then for no reason, just by picking up best odds and be a good bettor who will get long-term profit, they will limit or block your account, is this fair for you? If they did stop to limit or banish players just to pick the best odds, we would not need to return with other identities.
And about the Pinnacle talks... They doesn't care about arbers just because they are "in the right side of the arb" 99% of the times, arbers are profitable for pinnacle in the long term.

When you sign up with a book you are agreeing to accept their terms and conditions. Limiting or refusing to take bets from a player are almost always part of those conditions which you agree to accept.

Your only justification for calling them cheats is when they do something unfair which isn't covered in their terms and conditions.

Either way it doesn't give the player a licence to cheat the book.

[188]

Not that I care too much, but out of curiosity and as you are here: Do you have any idea why my limits are cut to 10 Euro per bet (without any exception) at 188Bet? Too much of winnings or too many withdrawals? SBOBET or IBC would never do that... I think you move lines slower than them...

What leagues do you bet on my friends? Can you tell me your account name? You can just send a message me for that. As for SBOBET and IBC, I can't comment for them. But if we communicate through a more private conversation then I could tell you some information regarding the matter.

[188]

Yes, I did enjoy playing at 188Bet and don't think you imposed any limits on my account but I did find you took only small wagers on my tennis bets.

I would certainly like to continue using 188Bet but the reason given was that you no longer take Australian customers. No reason was given and to me it makes no sense. SBO still takes Australians.

Its not we're giving you a small limit my friend. Its all about the turnover, the action that we generate from a certain league. The maximum bet depends on how much profit and turnover that league generates for us.

About the Australian policy? Didn't know about that, its a new management policy? Anyway I'll look into that matter.

[Hareeba!]

Its not we're giving you a small limit my friend. Its all about the turnover, the action that we generate from a certain league. The maximum bet depends on how much profit and turnover that league generates for us.

A simple lesson in economics mate: If you have only low limits you're not going to get a lot of turnover or profit.

[RonPaul2008]

They can't seize your money for betting +ev lines, only a very disreputable book would do that.
Most books will limit you and/or put you on wager delay though.

[RonPaul2008]

Is it weird that I don't have a problem with people using fake IDs to arb?
Books steal money all the time by offering 40 cent lines, 50 cent lines, parlays not paying true odds, etc. etc.

If you are an arb guy you still have to have some skill (be it predicting what way the line will move or scanning the books all day to find a good line). The books should have no problem with arb guys. Just move the line more and incite action from other arb guys. You won't make a lot, and may even brake even or lose a cent or 2, but books should never lose much money from guys arbing money lines. If they are trying to middle that is a little bit different.

Predicting line moves and therefore getting a good line is not arbing or even close to it.....getting a off-market line is.

[allin1]

Recreational books make money because their customers are long term losers, that's why they try to limit or kick out anyone who seems to have the potential of making money. They don't need the "pinnacle model" because they make with their approach more money in a year from all those losing gamblers. It's easy business, a no brainer for them, all they have to do is watch out for those who take high odds or for those that seem to have an edge in the long run.

[DitKent]

Recreational books make money because their customers are long term losers, that's why they try to limit or kick out anyone who seems to have the potential of making money. They don't need the "pinnacle model" because they make with their approach more money in a year from all those losing gamblers. It's easy business, a no brainer for them, all they have to do is watch out for those who take high odds or for those that seem to have an edge in the long run.

hi 188bet, please reopen your doors to australians

[faststeady]

188 where do you offer higher limits and are happy to take bets regardless of whether you're out of line with the others?

[Digo]

Recreational books make money because their customers are long term losers, that's why they try to limit or kick out anyone who seems to have the potential of making money. They don't need the "pinnacle model" because they make with their approach more money in a year from all those losing gamblers. It's easy business, a no brainer for them, all they have to do is watch out for those who take high odds or for those that seem to have an edge in the long run.

Perfect! It's easier to limit good bettors (arbers, professionals etc) than invest to adjust their odds like all this thing supose to be. And still there are guys here defending bookmakers like they do work there... Unbelivable!

[King_Suckerman]

Fair point but how many of us would want all books to manage their lines as well as, say, pinnacle?

Perfect! It's easier to limit good bettors (arbers, professionals etc) than invest to adjust their odds like all this thing supose to be. And still there are guys here defending bookmakers like they do work there... Unbelivable!

[188]

hi 188bet, please reopen your doors to australians

I'm afraid there's nothing I can do about that policy. Its the higher-ups decision. Im just a humble trader in your service. Anyway, I'll try to ask about it.

[188]

188 where do you offer higher limits and are happy to take bets regardless of whether you're out of line with the others?

We're offering good limits on soccer and basketball ( major leagues ). Anyway I have a testing account that you can borrow just to see maximum bets only. PM me

[188]

Just need to up my posts to 20 so that I can reply to your PM.

[Marrowhine]

We're offering good limits on soccer and basketball ( major leagues ). Anyway I have a testing account that you can borrow just to see maximum bets only. PM me

Really?? maximum bet on any basketball game on the board right now is $39.

[188]

Really?? maximum bet on any basketball game on the board right now is $39.

Didn't I mention major leagues? NBA, EUROLEAGUE etc. whichever has more stable market.

[Hareeba!]

I'm afraid there's nothing I can do about that policy. Its the higher-ups decision. Im just a humble trader in your service. Anyway, I'll try to ask about it.

Any news on why Australians were booted?

[in play, run(s)]

Where you from, 188? And why you post here?

[188]

Where you from, 188? And why you post here?

I work for 188bet. But it doesn't mean that I'm advertising 188bet. I just want to post in the forums regarding concerns about sportsbooks in general and if there's a problem regarding 188bet that I can help of, then I'll try my best to do something about it. But if there's nothing I can do about it, then I will just leave it unanswered.

Why I post here? Cause I just happen to answer one of the questions in this topic that's all.
If you have any concerns about how a sportsbook operates, then I will gladly answer it as long as I can answer it.

Thanks.

[188]

Any news on why Australians were booted?

Based on what I heard, It is about the policy of Australia regarding offshore betting.
To be honest, I was surprised when I heard that, cause as far as I know, your account was one of the outstanding account there for us. So I was a little disappointed to hear that we can't accept your bets anymore.

Anyway, just wanted you to know that your account was one of the respected accounts for us especially in tennis.

You can be sure that we take note of every match that you bet on.

[Hareeba!]

Based on what I heard, It is about the policy of Australia regarding offshore betting.
To be honest, I was surprised when I heard that, cause as far as I know, your account was one of the outstanding account there for us. So I was a little disappointed to hear that we can't accept your bets anymore.

Anyway, just wanted you to know that your account was one of the respected accounts for us especially in tennis.

You can be sure that we take note of every match that you bet on.

There is no Australian policy on "offshore betting".
Nothing has changed in regard to Australian betting laws in the last decade.
It is true that if located in Australia we are not allowed to bet live on sport but that's been in place all this time.
SBO still accepts Australian customers. Betfair is licensed in Australia but blocks access to live sports markets.
There has to be something more to this.
Is it as simple as 188 having just discovered the ban on live betting and is incapable of blocking Australians?
Paddy and Bet$3.65 blocked access to Australians/live betting in advance of applying for Australian licenses. Is that behind 188Bet's policy?
Bloody shame because I never used 188 for live betting.

[Monte]

Your comment makes no sense friend, you call me a cheater, but the bookmakers start the "cheat thing", the mentality of them is: "we do not want the winning players." Then for no reason, just by picking up best odds and be a good bettor who will get long-term profit, they will limit or block your account, is this fair for you? If they did stop to limit or banish players just to pick the best odds, we would not need to return with other identities.
And about the Pinnacle talks... They doesn't care about arbers just because they are "in the right side of the arb" 99% of the times, arbers are profitable for pinnacle in the long term.

And that's why i hate it, and ppl who think they can steal from books by using multiple IDs.
You have lost all sense for reality. Books offer a *service* (if we are talking about solid books who pay, obv.).

You, like everyone else on this planet, can decide if you want to pay -110 juice (example, i guess that's what you mean by cheating).
You can decide if you sign up, what you bet, how much you deposit...

The book can not decide if it wants people with fake IDs, they just come and go.
Look iam not stupid, i know how this works...when you hammer books for arbs, they will limit or kick you.
To be succesful these days, YOU need to be the cheater.
And for honest players YOU are responsible that they have to go thru hassles for a simple 100 bucks bonus, i remember the days when i didn't even need an ID for it at Bet365.

Hareeba loves his talk about "its the law". In reality, the main reason for all this ID hassle are scammers like you can find them in Arbforums.

[Hareeba!]

Hareeba loves his talk about "its the law". In reality, the main reason for all this ID hassle are scammers like you can find them in Arbforums.

I'm sure you'd find that I've made that statement only in relation to UK and Australian books where that is the law whether you like to believe it or not. That's not to deny that the bookies also seek to protect themselves from the scumbags.

As for the unregulated environments at which US players are forced to play I suspect you're correct.

[noyb]

There is no Australian policy on "offshore betting".

i don't think there's a masterplan behind it with regards to eventually getting a license. 188 is extremely conservative in what countries they will allow customers from. they also blocked my country about a year earlier, while none of the other asians and hardly any of the other euro's does. they just don't want the hassle apparently.

[kiwi]

And for honest players...

WHO is a "honest" player? A player who loses money to the book? If you want to be successful you simply have to find value bets with better than average odds, period. If you are not able to find value odds you will lose money in the long run. How do you select your bets and bookmakers? What is your aim? Do you like to lose money? I prefer to earn money. And: I don't care much about boni because a successful bettor doesn't depend on boni - and of course I also don't care if YOU have problems nowadays to get a bonus, learn how to win or better quit betting.