Underlaying and combining liabilities
At various points on the CL Final, I saw arbs for all three outcomes on the match:
2.2/2.04 on Barcelona
3.75/3.6 on the Draw
4.2/4 on Man Utd
I am curious as to what others do if they find another arb on the same match.
For example, I decide to bet on 2.2/2.04 and fully underlay.
Now I find 3.75/3.6 on the draw:
- Do I lay for equal profit thereby making something from the draw arb besides combining liabilities?
- Do I fully underlay to make the most out of the draw arb?
- Do I fully overlay so as the profit on my Barcelona bet is increased? There must have been a reason to underlay in the first place, so why would finding another arb on the same match, change that decision?
Now I find 4.2/4 and I am left with the same three options as above.
Perhaps my decision would be influenced in the order I found the arbs but then I could change my position by backing/laying as appropriate.
Just curious as to how others would play this.
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Interesting post, Horsekeeper.
I suppose I would do the same on all the arbs, skew them to make slightly more profit if they win. Probably too simplistic, but that's my usual approach.
Personally wouldn't do anything fancy - turnover and speed are key to me. Unless it was an edge/strategy I had decided to follow for some reason I would'nt spend time delibarating over it.
I would lay off only enough the cover the loss; perhaps even slightly less taking the view that the more you underlay the (slightly) lower the EV.
Agree with Landprofits, though, whatever you do, do it quickly and move on.
I don't do anything different. I use the figure from my matcher as per usual and if I pick a winner then I count the commission break as a bonus. I had £100 on 3-1 and had layed it off at betfair in the champions league final and after checking my accounts the commission break totaled £75 which was a lot more than I thought it would be, but happy days.
Originally Posted by anglo123
The fact there was another bet already layed would just be a bonus if the new arb wins as its a commission break I didnt expect. The actual bet I place would be the same as if the other (first) bet was not there though.
Have a plan and stick to it