Arbitrage Betting

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  • filipinho
    SBR Sharp
    • 01-11-12
    • 358

    #106
    Originally posted by 188
    I have one explanation to these.. Those who WON their bets and has been cancel will complain while those bets who LOSE will not complain thus making a situation that shows that only the BETS who were cancel are those who won their bets.
    But his point was that books should ALSO cancel that losing bets since it was palp.Example you took bet with odds 1.30, and on all other books odds were 1.80, and there was no movement at all.But still I really doubt that someone can bet on wrong side of palp, if there is someone like that, he probably deserved to lose his money, cause he will lose it eventually.

    Is it just me, or 188 really likes Arbitrage Betting thread? Maybe ex-arber?
    Comment
    • 188
      SBR Rookie
      • 03-06-12
      • 42

      #107
      Originally posted by filipinho

      But his point was that books should ALSO cancel that losing bets since it was palp.Example you took bet with odds 1.30, and on all other books odds were 1.80, and there was no movement at all.But still I really doubt that someone can bet on wrong side of palp, if there is someone like that, he probably deserved to lose his money, cause he will lose it eventually.

      Is it just me, or 188 really likes Arbitrage Betting thread? Maybe ex-arber?
      That's what I'm trying to say. Those customer who win but cancelled will complain cause he win the bets eventhough it was a wrong odds. While those customer who lose BUT their bets was cancelled will not complain cause it was FREE money. They were suppose to lose it but instead they got it back and will not complain instead will go silent.

      I'm not an ex-arber. Im a trader and still a trader for 5 years. Didn't you read it here? I think it was on page 2 or page 3 when I say that I work at an Asian book.

      Why I'm always here? Cause I'm just trying to help by explaining things to bettors of how an sportsbook work and how they deal with their customer.

      Although I will be honest that I can't answer all of your questions regarding sportsbook. But if I'm able to I will answer it as long as I'm capable to.

      Anyway if you have questions regarding sportsbook, asian sportsbook or 188bet in particular? Feel free to ask.

      Comment
      • filipinho
        SBR Sharp
        • 01-11-12
        • 358

        #108
        Originally posted by 188
        That's what I'm trying to say. Those customer who win but cancelled will complain cause he win the bets eventhough it was a wrong odds. While those customer who lose BUT their bets was cancelled will not complain cause it was FREE money. They were suppose to lose it but instead they got it back and will not complain instead will go silent.
        Misunderstanding here. I was referring that some books will cancel only one side of the bet(winning side) and other side wont(losing side).I know that pinnacle, sbobet and some other big books have public notification which bets were cancelled, but other smaller books probably sometimes cheat like this.

        188, just keep posting, informations from inside are very useful.
        Comment
        • iqbet
          SBR Wise Guy
          • 09-30-11
          • 733

          #109
          Some random guy opens an sbr account and claims to work for 188bet and everyone just falls for it???????
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #110
            If you bet at big books and arb on the big sports like soccer you will not get booted

            Places like sbobet, matchbook, pinnacle, some big aussie books you should be ok and if you do not load up on them even better

            I doubt say betting $300 or so is going to get you banned
            Comment
            • 188
              SBR Rookie
              • 03-06-12
              • 42

              #111
              Originally posted by iqbet
              Some random guy opens an sbr account and claims to work for 188bet and everyone just falls for it???????
              You're right. I can't prove that just by posting here and telling you that I work for 188bet.

              I'm sure some of you here in SBR has an account in 188bet. If anyone of you post here and tell me your account in 188bet. I will reply by saying what month and year did you open your account, what was your bets for the last week or last month, was he up or down last year or last week? I can tell, cause I can see the record. It's up to you whether you believe I'm from 188bet or not. Only that person can tell that I'm telling the truth.

              Anyway, if you think that I'm just a random guy. It is up you. I will not persuade you to believe me.
              Comment
              • rowand13
                SBR Hustler
                • 10-25-11
                • 53

                #112
                Originally posted by 188
                I'm not authorized to talk about other book's strategy nor will I talk bad about them.

                Let me tell you just one thing. Take more sample size and record it. How about a hundred or a few hundred. Then check the result. Are you going to win based on that strategy. Based on just reading this, I can tell that you are only giving samples that "they" were correct. How about those they were wrong? That's why you need to make a big sample to confirm your theory.
                I don't currently have a pinnacle account because I live in the US. My account was deactivated more than 5 years ago, but I still can log into my account to follow their odds but can't place any bets. About 6 years ago, it was my first year betting at pinnacle, pinnacle's style of odds (+106 or +111 or +118, etc.) has attracted me. I have lost a big balance there in just 4 or 5 days.

                One night while reviewing my wagering history, it came to my attention that most if not all of my losing wagers had odds of +103 or above. I am talking about 60 bets or more here. That has told me something about how they deal their lines. Do you think what pinnacle claims to have best price on both sides is true. No, it is not. They may have that on only 5% of their lines. How do you think they make money? Volume as some people may say? Not true. When pinny offers you a side at +110 or +115 while it is at -110 everywhere else, they know exactly what they are doing. They know exactly where the market at and where are they from the market.

                They are not absolute traders as some might think. Simply, they sell tickets that would more likely lose than those that would win. And they sell lots of those losing tickets. They have a strategy to shape their lines and this strategy gets easier over the years, may be depending on their sharps and other factors. I am not saying that this theory is always correct, ofcourse it is not, but it does happen at least 75% of the time. It is very simple, nothing complicated about it, if pinny offers a side at -125 that means they want their customers to go buy it some where else because they dont want to pay for those tickets. That's why you will always find better odds than pinny's on other sportsbooks even on both sides in most cases. Again this is not a theory and is very dangerous to follow, but just came to my observation over the years exactly as it did to many of you.
                Comment
                • noyb
                  SBR Wise Guy
                  • 09-13-05
                  • 971

                  #113
                  Originally posted by rowand13
                  90% of books that are slow to move their lines can not spot you. I am not saying they are necessarily retarded, but rather don't have the qualified staff to spot it like other A rated books. Simply because the don't hire enough qualified people to deal with slow line movements, how can the have enough qualified people to catch a more complicated thing like chasing steam. Please any1 tell me how many of you got limted at these d or f rated books because of chasing steam? I highly doubt it.
                  please read my post again, as it doesn't quite seem to have sunk in with you yet. they don't hire enough qualified people because they don't need to. the average bet of an average joe is something like 10 bucks, so if some dude comes along and bets 500 that raises attention. if the bets this dude places are always the one that have moved anywhere else, which you can easily see by just looking at pinny lines, that's really bloody obvious. and even if they don't spot this, a few weeks later the payout department will notice the big withdrawal coming in and will take a closer look then.
                  many d or f rated books, and also many a-c & unrated books, have limited me for something that resembles chasing steam. many of the euro books publish public financial statements, and they make more money every year then i or you will make in a life-time. their odds are often slow to move, their limiting very aggressive. it's called a business model and it makes perfect sense. really, no offence, but you have no idea what you're talking about.

                  and 188 is right about the examples you posted about pinnacle. altough your point here is obv valid long term, showing 8 examples doesn't prove anything. come back when you've got 5000 examples and 4900 examples of the opposite and then we can talk.
                  Comment
                  • allin1
                    SBR MVP
                    • 11-07-11
                    • 4555

                    #114
                    Originally posted by 188
                    You're right. I can't prove that just by posting here and telling you that I work for 188bet.

                    I'm sure some of you here in SBR has an account in 188bet. If anyone of you post here and tell me your account in 188bet. I will reply by saying what month and year did you open your account, what was your bets for the last week or last month, was he up or down last year or last week? I can tell, cause I can see the record. It's up to you whether you believe I'm from 188bet or not. Only that person can tell that I'm telling the truth.

                    Anyway, if you think that I'm just a random guy. It is up you. I will not persuade you to believe me.
                    I believe you
                    Comment
                    • pellumb341
                      SBR MVP
                      • 11-25-11
                      • 1183

                      #115
                      I was referring that some books will cancel only one side of the bet(winning side) and other side wont(losing side)
                      This is what i meant ...

                      I wagered at X book 50 EUR "under 0.5 FH" @ 2.30 ,meanwhile "over" at SBO was 2.00 . A goal was scored( i mean FH ended 1-0) and my bet was graded lost.

                      After one week ...

                      I wagered again "under 0,5 FH" @ 2.30 ,meanwhile "over" at SBO was 2.00 . The first half ended 0-0 . My bet was cancelled next day due to incorrect odd.
                      Last edited by pellumb341; 03-22-12, 09:04 AM.
                      Comment
                      • noyb
                        SBR Wise Guy
                        • 09-13-05
                        • 971

                        #116
                        Originally posted by pellumb341
                        This is what i meant ...

                        I wagered 50 EUR "under 0.5 FH" @ 2.30 ,meanwhile "over" at SBO was 2.00 . A goal was scored and my bet was graded lost.

                        After one week ...

                        I wagered again "under 0,5 FH" @ 2.30 ,meanwhile "over" at SBO was 2.00 . The first half ended 0-0 . My bet was cancelled next day due to incorrect odd.
                        obviously nobody is able to comment on this without further details, but if you feel you were treated wrongly, file a complaint with sbr.
                        Comment
                        • pellumb341
                          SBR MVP
                          • 11-25-11
                          • 1183

                          #117
                          i don't care for 50 EUR , the only thing that frustrates me is that they can do whatever they want . They use 2 standards , if i lose the bet is graded lost , if i win the bet is cancelled.

                          The second bet , i placed it intentionally and was praying not to be scored any goal , i wanted to see how they would grade it ( won or cancelled )

                          NOTE : i think it was wrong odd in both cases ,no logic to be such a huge difference between odds . But they have to use 1 standard , not 2 !!! something else ...even it is wrong odd , they have to take responsibility , i am the costumer and i don't have responsibility ... IF i mistakenly place a wrong bet and it loses , will they void it because it was a human mistake ?? NOOOOOOOO
                          Comment
                          • 188
                            SBR Rookie
                            • 03-06-12
                            • 42

                            #118
                            Originally posted by pellumb341

                            This is what i meant ...

                            I wagered at X book 50 EUR "under 0.5 FH" @ 2.30 ,meanwhile "over" at SBO was 2.00 . A goal was scored and my bet was graded lost.

                            After one week ...

                            I wagered again "under 0,5 FH" @ 2.30 ,meanwhile "over" at SBO was 2.00 . The first half ended 0-0 . My bet was cancelled next day due to incorrect odd.
                            I don't think we have the complete picture here..

                            Did you bet on one betting company only? What time in the match did you bet?

                            Under 0.5 FH @ 2.30 is probably around the first 10 minutes of the match while over 0.5 @ 2.00 is probably around 30 minutes of the match. This is just my assumption.

                            When you bet during that time. Was your ticket accepted or still in pending mode or "danger mode".?

                            For those who don't know what is "danger mode". I can explain it.

                            Danger mode was used mainly by Asian Sportsbook to protect themselves from slow feeds from TV which could range from 2-10 seconds. The main purpose is to still accept bets eventhough there is a good chance of having a goal.

                            You might think that this is unfair because if there is a goal, a sportsbook could just cancel those who bet on over while accept those bets on under. But it does not work that way, when a trader key the score for the goal scored. All the bets that is still on " danger mode" whether it is in over or under will all be cancelled. It works two way. I have. seen it many times. There is no cheating for us. That's how it works in our company.

                            Hope this helps.
                            Comment
                            • pellumb341
                              SBR MVP
                              • 11-25-11
                              • 1183

                              #119
                              My logic is : If "over" is too high at asians ,it is translated to me that it will go "under" , because the asians always know something more than the others :P so i bet under on europeans with higher odd

                              i placed only the under at X book ( european book ) . No delay on bets , standard time countdown 5-6 sec (like Betfair). Like you have stated above ,in-play is a judgmental job.

                              The first was on a colombian match , the second an argentinan match ...both at around 15-th min ... like i have stated above i think that the odds might be wrong ,but what frustrates me is that they use 2 standards !!! I really think they put intentionally the odds wrong , so they can apply what standard they want.
                              Last edited by pellumb341; 03-22-12, 09:07 AM.
                              Comment
                              • pellumb341
                                SBR MVP
                                • 11-25-11
                                • 1183

                                #120
                                maybe you got me wrong when i said that a goal was scored . The goal was not scored at the moment i placed the bet . I meant the FH ended 1-0 . see again the post , i edited it.
                                Last edited by pellumb341; 03-22-12, 09:05 AM.
                                Comment
                                • kiwi
                                  SBR Wise Guy
                                  • 08-11-05
                                  • 674

                                  #121
                                  Originally posted by 188
                                  Anyway if you have questions regarding sportsbook, asian sportsbook or 188bet in particular? Feel free to ask.
                                  Some days ago you suggested me to send you a PM so that you may tell me more about my account and the reasons for my bet limit of 10 Euro per bet. I did that immediately. Can I still expect any answer? For example I am curious if the reason was...
                                  a) my arbing activity?
                                  b) the simple fact of winning (too) much money?
                                  c) too many withdrawals (causing you withdrawal fees)?
                                  d) betting on early lines in lower leagues from time to time?

                                  I am curious to know which of these betting patterns is considered to be most annoying by 188Bet.
                                  If you prefer PM just send one please. Thanks in advance.

                                  No, Monte, e) bonus hunting is not the reason because I never took any bonus there.
                                  Comment
                                  • Hareeba!
                                    BARRELED IN @ SBR!
                                    • 07-01-06
                                    • 37195

                                    #122
                                    Originally posted by rowand13

                                    One night while reviewing my wagering history, it came to my attention that most if not all of my losing wagers had odds of +103 or above.
                                    wow!
                                    who would have thought?
                                    Comment
                                    • Hareeba!
                                      BARRELED IN @ SBR!
                                      • 07-01-06
                                      • 37195

                                      #123
                                      Originally posted by iqbet
                                      Some random guy opens an sbr account and claims to work for 188bet and everyone just falls for it???????
                                      quite extraordinary that there should be so many people posting here who distrust what they read

                                      from some information posted by 188 regarding my betting at that book I am convinced he's for real
                                      Comment
                                      • 188
                                        SBR Rookie
                                        • 03-06-12
                                        • 42

                                        #124
                                        Originally posted by pellumb341
                                        maybe you got me wrong when i said that a goal was scored . The goal was not scored at the moment i placed the bet . I meant the FH ended 1-0 . see again the post , i edited it.
                                        I see.. so you were talking about the "mentioned Asian sportsbook" that they were doing two standards regarding your bets.

                                        Honestly speaking, I don't know the reason why. So can you ask their CS why they were doing it like that. And let's see whats the reason behind these.
                                        Comment
                                        • 188
                                          SBR Rookie
                                          • 03-06-12
                                          • 42

                                          #125
                                          Originally posted by kiwi

                                          Some days ago you suggested me to send you a PM so that you may tell me more about my account and the reasons for my bet limit of 10 Euro per bet. I did that immediately. Can I still expect any answer? For example I am curious if the reason was...
                                          a) my arbing activity?
                                          b) the simple fact of winning (too) much money?
                                          c) too many withdrawals (causing you withdrawal fees)?
                                          d) betting on early lines in lower leagues from time to time?

                                          I am curious to know which of these betting patterns is considered to be most annoying by 188Bet.
                                          If you prefer PM just send one please. Thanks in advance.

                                          No, Monte, e) bonus hunting is not the reason because I never took any bonus there.
                                          Of course you can still wait for it. I was just on-leave that's why I was not able to check it. Hopefully next week I can check out the details.
                                          Comment
                                          • Outhouse Tim
                                            SBR Sharp
                                            • 05-23-10
                                            • 303

                                            #126
                                            Interesting thread

                                            I'm not able to arb since Pinnacle and others left the US, but all sharp bettors still need to get the best of the line in order to win $$$ and to combat the juice, even at reduced juice. Sometimes that means I'm ahead of the steam, if only because over 30 years of this I have a feel for the proper line and use and adjust my own Power #'s, for example in college and pro football.

                                            I've had limits reduced in the past more so because of winning then anything else, since some of my plays are actually on the smaller side. I do know that proposition bets where you get the best of the line can get your limits reduced. This is unintentional on my part, as arbs are not involved, just perceived value.

                                            No one should "settle" for betting into a bad line. If you have multiple books (which most sharp players have) and are waiting for a line change, occasionally the line goes the wrong way and you must play the current line at the (perceived) slowest moving book. I'm just looking for value.

                                            No question finding that extra 1/2 point or point saves a couple or more plays each season. Good luck everyone!
                                            Comment
                                            • pellumb341
                                              SBR MVP
                                              • 11-25-11
                                              • 1183

                                              #127
                                              I see.. so you were talking about the "mentioned Asian sportsbook" that they were doing two standards regarding your bets.

                                              Honestly speaking, I don't know the reason why. So can you ask their CS why they were doing it like that. And let's see whats the reason behind these.
                                              No it's not asian ... I have stated above that X book is european

                                              i placed only the under at X book ( european book )
                                              Comment
                                              • bipolar
                                                SBR Sharp
                                                • 04-25-10
                                                • 252

                                                #128
                                                Originally posted by rowand13
                                                I don't currently have a pinnacle account because I live in the US. My account was deactivated more than 5 years ago, but I still can log into my account to follow their odds but can't place any bets. About 6 years ago, it was my first year betting at pinnacle, pinnacle's style of odds (+106 or +111 or +118, etc.) has attracted me. I have lost a big balance there in just 4 or 5 days.

                                                One night while reviewing my wagering history, it came to my attention that most if not all of my losing wagers had odds of +103 or above. I am talking about 60 bets or more here. That has told me something about how they deal their lines. Do you think what pinnacle claims to have best price on both sides is true. No, it is not. They may have that on only 5% of their lines. How do you think they make money? Volume as some people may say? Not true. When pinny offers you a side at +110 or +115 while it is at -110 everywhere else, they know exactly what they are doing. They know exactly where the market at and where are they from the market.

                                                They are not absolute traders as some might think. Simply, they sell tickets that would more likely lose than those that would win. And they sell lots of those losing tickets. They have a strategy to shape their lines and this strategy gets easier over the years, may be depending on their sharps and other factors. I am not saying that this theory is always correct, ofcourse it is not, but it does happen at least 75% of the time. It is very simple, nothing complicated about it, if pinny offers a side at -125 that means they want their customers to go buy it some where else because they dont want to pay for those tickets. That's why you will always find better odds than pinny's on other sportsbooks even on both sides in most cases. Again this is not a theory and is very dangerous to follow, but just came to my observation over the years exactly as it did to many of you.
                                                I have been considering something along these lines lately myself... im a small timer and looking at nba player props... I was wondering whether a strategy where u take the - side at a better price then pinny would be a long term winning strategy? it seems pinny really pushes to one side or the other on many props... but then again, I wonder since props are not a big market for them its just a reflection of player-driven line movement...
                                                Comment
                                                • rowand13
                                                  SBR Hustler
                                                  • 10-25-11
                                                  • 53

                                                  #129
                                                  Originally posted by noyb
                                                  please read my post again, as it doesn't quite seem to have sunk in with you yet. they don't hire enough qualified people because they don't need to. the average bet of an average joe is something like 10 bucks, so if some dude comes along and bets 500 that raises attention. if the bets this dude places are always the one that have moved anywhere else, which you can easily see by just looking at pinny lines, that's really bloody obvious. and even if they don't spot this, a few weeks later the payout department will notice the big withdrawal coming in and will take a closer look then.
                                                  many d or f rated books, and also many a-c & unrated books, have limited me for something that resembles chasing steam. many of the euro books publish public financial statements, and they make more money every year then i or you will make in a life-time. their odds are often slow to move, their limiting very aggressive. it's called a business model and it makes perfect sense. really, no offence, but you have no idea what you're talking about.

                                                  and 188 is right about the examples you posted about pinnacle. altough your point here is obv valid long term, showing 8 examples doesn't prove anything. come back when you've got 5000 examples and 4900 examples of the opposite and then we can talk.
                                                  What would they do after taking that closer look? Cancel your bets that were off by 5 or 10 cents? Cancel all of them after several weeks of accepting and grading them? Lines move up and down all the time. In case of Pinnacle's 1st or 2nd half basketball lines, they move their lines by almost 30 cents in a 10 minute span in most halves. So who can prove which line was off. Also if they claim that a line of your winning bets was off, then you can go easily and claim that any of the losing bets was on an off line too. Believe me, all a book can do is limiting you if they want, but to retroactively cancel winning bets after the event, that would be an absolute theft. Man, I do agree with you on most of what you have said, but I finally managed to zero out my lower rated book account after several weeks of work by losing the money and winning at my A rated book.

                                                  That was a very unusual run of about $15,000 lost at the lower rated book. I was quite relieved. Unfortunately, a few days ago I deposited only $500 at the lower rated book that I could never lose to anymore. In the past few days my balance at the lower rated book had grown dramatically. It keeps growing quickly several thosands every day to the extent that I am losing 99.5% of the wagers to the A rated book, and I am losing most of them in the first 5 minutes of the game and it is almost always not even a close game, which obviously tells you something on how these A rated books make their money. Every time I decide to stop doing this, I do it again thinking that I might be able to transfer some balance to the A rated book which never happens.

                                                  Now, my balance is still not frightenly high at the lower rated book, but I need your advice here on what should I do. Should I start requesting payouts slowly. It is a big balance for me, and I've had enough big losses in my life that I don't even gamble anymore for over a year now and hopefully will never gamble again. Enough is enough. In fact, I think that gambling in itself is the farthest thing ever from all the good values in our life. I kindly ask for anyone's good advice.
                                                  Last edited by rowand13; 03-23-12, 04:07 AM.
                                                  Comment
                                                  • 188
                                                    SBR Rookie
                                                    • 03-06-12
                                                    • 42

                                                    #130
                                                    Originally posted by rowand13

                                                    What would they do after taking that closer look? Cancel your bets that were off by 5 or 10 cents? Cancel all of them after several weeks of accepting and grading them? Lines move up and down all the time. In case of Pinnacle's 1st or 2nd half basketball lines, they move their lines by almost 30 cents in a 10 minute span in most halves. So who can prove which line was off. Also if they claim that a line of your winning bets was off, then you can go easily and claim that any of the losing bets was on an off line too. Believe me, all a book can do is limiting you if they want, but to retroactively cancel winning bets after the event, that would be an absolute theft. Man, I do agree with you on most of what you have said, but I finally managed to zero out my lower rated book account after several weeks of work by losing the money and winning at my A rated book.

                                                    That was a very unusual run of about $15,000 lost at the lower rated book. I was quite relieved. Unfortunately, a few days ago I deposited only $500 at the lower rated book that I could never lose to anymore. In the past few days my balance at the lower rated book had grown dramatically. It keeps growing quickly several thosands every day to the extent that I am losing 99.5% of the wagers to the A rated book, and I am losing most of them in the first 5 minutes of the game and it is almost always not even a close game, which obviously tells you something on how these A rated books make their money. Every time I decide to stop doing this, I do it again thinking that I might be able to transfer some balance to the A rated book which never happens.

                                                    Now, my balance is still not frightenly high at the lower rated book, but I need your advice here on what should I do. Should I start requesting payouts slowly. It is a big balance for me, and I've had enough big losses in my life that I don't even gamble anymore for over a year now and hopefully will never gamble again. Enough is enough. In fact, I think that gambling in itself is the farthest thing ever from all the good values in our life. I kindly ask for anyone's good advice.
                                                    Start withdrawing some amount and see how long it takes to withdraw a certain amount from this book.
                                                    Comment
                                                    • noyb
                                                      SBR Wise Guy
                                                      • 09-13-05
                                                      • 971

                                                      #131
                                                      Originally posted by rowand13
                                                      What would they do after taking that closer look? Believe me, all a book can do is limiting you if they want
                                                      very true, but now I'm confused. a page ago you were claiming lower-rate books didn't limit for chasing steam as they had no way of knowing (which they do), now you claim they don't cancel a few weeks later (which indeed they don't) but limit anyway.
                                                      Comment
                                                      • noyb
                                                        SBR Wise Guy
                                                        • 09-13-05
                                                        • 971

                                                        #132
                                                        Originally posted by rowand13
                                                        Now, my balance is still not frightenly high at the lower rated book, but I need your advice here on what should I do. Should I start requesting payouts slowly. It is a big balance for me, and I've had enough big losses in my life that I don't even gamble anymore for over a year now and hopefully will never gamble again. Enough is enough. In fact, I think that gambling in itself is the farthest thing ever from all the good values in our life. I kindly ask for anyone's good advice.
                                                        withdraw your funds from the lower rated book as fast as you can and stop throwing good money after bad. and don't play at books you think might not payout.
                                                        Comment
                                                        • rowand13
                                                          SBR Hustler
                                                          • 10-25-11
                                                          • 53

                                                          #133
                                                          Originally posted by noyb
                                                          withdraw your funds from the lower rated book as fast as you can and stop throwing good money after bad. and don't play at books you think might not payout.
                                                          Thanks brother for the advice. Another $1.5 k lost today again to the A rated book. The loss came by 27 points difference in today's game. Yet again, game was killed in the first few minutes. I was going to kill someone. Seems like it is impossible to beat the A rated book lines using a lower rated book lines. Hopefully I will listen to your advice from now on. btw, what I meant in my previous reply was that if all these shops can do is just limit you if they caught you after the fact, then where is the risk here about chasing steam if they will still pay you anyway for all your past action. If they do show you the door, then say "thank you guys, i've had enogh already." Thanks again for your advice.
                                                          Comment
                                                          • 188
                                                            SBR Rookie
                                                            • 03-06-12
                                                            • 42

                                                            #134
                                                            Originally posted by rowand13

                                                            Thanks brother for the advice. Another $1.5 k lost today again to the A rated book. The loss came by 27 points difference in today's game. Yet again, game was killed in the first few minutes. I was going to kill someone. Seems like it is impossible to beat the A rated book lines using a lower rated book lines. Hopefully I will listen to your advice from now on. btw, what I meant in my previous reply was that if all these shops can do is just limit you if they caught you after the fact, then where is the risk here about chasing steam if they will still pay you anyway for all your past action. If they do show you the door, then say "thank you guys, i've had enogh already." Thanks again for your advice.
                                                            It could also be a coincidence.. It does not mean always that the A-rated book line is always correct.
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                                                            • 188
                                                              SBR Rookie
                                                              • 03-06-12
                                                              • 42

                                                              #135
                                                              Originally posted by bipolar

                                                              I have been considering something along these lines lately myself... im a small timer and looking at nba player props... I was wondering whether a strategy where u take the - side at a better price then pinny would be a long term winning strategy? it seems pinny really pushes to one side or the other on many props... but then again, I wonder since props are not a big market for them its just a reflection of player-driven line movement...
                                                              If a sportsbook setting is small and the price is moving, it is always a player-driven movement or following other sportsbook prices.
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                                                              • whodat1976
                                                                SBR Rookie
                                                                • 04-03-12
                                                                • 37

                                                                #136
                                                                Originally posted by 188
                                                                Although.. some of you might know this already.. But I'll just tell it anyway. Spotting arbers is one or our job, profiling every customer account is important and that's not all. Some of them are giving points for a trader who has spotted an arber. This is true. Accepting bets from squares is most preferred by books. Arbers are an indicator of wrong line. It help us correct our line. Any additional questions?
                                                                So, now that you have a new CEO, should we assume that you will not be using "arbers" as agents that help you correct the odds you offer?
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                                                                • 188
                                                                  SBR Rookie
                                                                  • 03-06-12
                                                                  • 42

                                                                  #137
                                                                  Originally posted by whodat1976

                                                                  So, now that you have a new CEO, should we assume that you will not be using "arbers" as agents that help you correct the odds you offer?
                                                                  We're still using arbers to correct our odds BUT not on all leagues.

                                                                  There might be leagues that we purposely give it to arbers since we are confident on the other side of the market while there are leagues that we are not that confident so if an arber buy on that league we tend to correct our price.

                                                                  Overall I've seen many arbers who bets us everyday.
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                                                                  • rowand13
                                                                    SBR Hustler
                                                                    • 10-25-11
                                                                    • 53

                                                                    #138
                                                                    Originally posted by 188
                                                                    It could also be a coincidence.. It does not mean always that the A-rated book line is always correct.
                                                                    Coincidence? No way. I am very worried now that a very big portion of my bankroll is now in the hands of this lower rated book. No chance here of coincidences. Please read the following facts carefully:

                                                                    1. Since my last post on this thread, my balance at the lower rated book has increased by nearly $30k, not gambling but trying to lose some balance by hedging plays at the A rated book with lines that would make me lose a little juice.
                                                                    2. On January, had two 5 figure payouts from the lower rated book with NO payouts from the A rated shop.
                                                                    3. On February, had two 5 figure payouts from the lower rated book with 1 payout for only $2000 from the A rated book.
                                                                    4. On March, had one 5 figure payout from the lower rated book with NO payouts from the A rated book.
                                                                    5. At the moment, I have one 5 figure payout pending at the lower rated book plus a balance of nearly $16k sitting there, with zero balance at the A rated book.
                                                                    6. My last deposit to the lower rated book was 7 weeks ago, while depositing everyday at least once at the A rated book.
                                                                    7. Ratio in general is that, I would win 14 of every 15 bets at the lower rated book, most of which are decided easily early in the game that I don't even stand watching the rest of the game.

                                                                    8. Seeing my balance recently growing dramatically fast, thousands everyday at the lower rated shop, got me very worried, and had urged me to bet big underdogs at odds ranging from +180 to +320 thinking that I might have better chances of losing some balance at the lower rated book.

                                                                    9. Surprisingly, even those big underdog plays had hit at the lower rated book. All of them had, to add to the problem and contribute to the large balance that I am trying to get off the book now, and will never again deposit a penny there.

                                                                    I know that a big reason for this is the A rated book tipping their plays on most of these plays, as you said you also do on some leagues which you are confident about one side and you welcome arbers' action without reacting. But the 14:1 ratio is still hard for me to believe. I swear to you that this is the exact real ratio of winning in the past 5 weeks. Now, do you still think it is just coincidence?

                                                                    The worst part is that this book would think now that I am winning and winning big, when in fact, I am losing all this money and more to the juice at the A rated book. I made a bad decision, that I am risking a big portion of my bankroll now, just because I have not learned the lesson, and thought like you did that it was just a coincidence. Unfortunately, it was not. I appreciate any thoughts, suggestions, or advice from you or anyone.
                                                                    Last edited by rowand13; 04-09-12, 02:02 AM.
                                                                    Comment
                                                                    • brendon
                                                                      SBR Sharp
                                                                      • 12-10-09
                                                                      • 443

                                                                      #139
                                                                      Yes, it's a coincidence!!! your sample size is only a few months, the next few months could swing the other direction. but, If you're so confident about the ratio and findings, why don't you just bet the lower rated books and quit your job.
                                                                      Your problem is you didn't control your balances. once your lower rated books balance reached a certain point, you needed to reduce your amount per bet. for example, you deposit $1000 and got $300 bonus, you start winning and your balance ran up to 5k. at this point, you can't fire off 1k bets daily hoping to lose it back to the A rated books. you should have made small $300-400 bets until you make rollover and withdraw your fund.
                                                                      Comment
                                                                      • rowand13
                                                                        SBR Hustler
                                                                        • 10-25-11
                                                                        • 53

                                                                        #140
                                                                        Originally posted by brendon
                                                                        Yes, it's a coincidence!!! your sample size is only a few months, the next few months could swing the other direction. but, If you're so confident about the ratio and findings, why don't you just bet the lower rated books and quit your job.
                                                                        Your problem is you didn't control your balances. once your lower rated books balance reached a certain point, you needed to reduce your amount per bet. for example, you deposit $1000 and got $300 bonus, you start winning and your balance ran up to 5k. at this point, you can't fire off 1k bets daily hoping to lose it back to the A rated books. you should have made small $300-400 bets until you make rollover and withdraw your fund.
                                                                        What rollover are you talking about? I am telling you that my last deposit there was 7 or 8 weeks ago and I got like $25 bonus which I rolled over only an hour after the deposit. I was thinking the same way you are, and waited for that swing in the other direction to happen, but never did. Also, when my balance reached 5k I got more frustrated which made me risk a little more, which I shouldn't have done as you said, but it has happened already. My average bet size was $500 on about 65% of those plays, with bets between $1k and $2k on 30% and only 5% of the plays was between $2k and $3k, and of course all the big bets had won there.
                                                                        Last edited by rowand13; 04-09-12, 05:16 AM.
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