It means "near arb" mate, not quite an arb but usually acceptable for free bets or doing a book that has a wagering requirement. It will have a small loss either way if laid at a 50/50 rate.
Originally Posted by snowdogg
I see so it's a back with higher odds than a lay but not enough to cover the exchange commission. Makes sense, thanks for that
Just spotted this on Shamrock Rovers vs UC Dublin this evening
1.........SkyBet @ 1.57
X..........Pinnacle @ 4.95
2..........PaddyP @ 10
Can't take it myself...don't have accounts yet with 2 out of 3 books.
Someone might fancy it
(not sure if this is the right place for posting unwanted arbs)
great tips in this thread from everyone, thanks! I think I'll stick to SUBs w/laying & dutching for the time being, will move on to arbing once the SUBs dry up
Thought I'd pick some brains as to how arbing is beneficial.
I'm not massively experienced and haven't really been around along enough to properly comment, but I've never seen an arb between a bookie and betfair where you can make more than pennies. Do you do it between bookies (in which case it's dutching, yes?)
And is there a particular sport, time of day, time of year, competition where arbing is good? Football seems to be too heavily regulated for there to be any big ones?
And how do you find them? Do you endlessly trail bookies in search of them? Or use websites that automatically find them?
Sorry for all of the questions! At the minute, I can't see the point of it - arbing where the profit is 106% with a bookie and betfair can leave you with 50p profit out of £50. To make it worthwhile really, I'd have to stake £500. But I wouldn't trust myself to do that without screwing up once in a while... Think I'd rather the £500 be earning 3% interest in the bank than risk losing it for a fiver if that (where the risk is me screwing up).
Any thoughts much appreciated
Horse arbing can be profitable.
For instance finding a 9/8 at say Ladbrokes can net you £4 for a £50 stake. You also get the bonus of best-odds-guaranteed, which means if the horse you bet on has a higher starting price you get paid at that price, so if the horse went off at 10, you would be looking at a £54 profit if it won!
Also taking it to a more advanced level (and if you can be sure of the SP) then it is possible to lay off some of it in running to lock in profit either way.
Originally Posted by Shark
Say you have £50 on at 9/1 and it is SP of 10/1 then you know you have £50 extra to play with so you could put say £17 at 3.0 and if it gets matched you would lock in approx £16 extra win or lose.
I used to do this on 365 in my ungubbed days and it worked well. Need the nag to have a good race though.
I assume you know this already mate this is more for the OP.
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I find arbing football profitable, but you won't make a lot by trying to lay match odds on Betfair. To make a decent amount you need to look at dutching (usually against an asian book or pinny) and/or look at other markets.
If you do want to stick with backing and laying, then it's definitely worth signing up to SMarkets for their 1% commission for 90 days, that way you will make more on any good matches you do find. As an example i found a 1.53333/1.5 match on Spurs a couple of days back. Wouldn't have bothered with it had i been laying on BF, but on 1% commission at SMarkets, it was worth tying up £750ish to make £9ish.
As with a lot of types of APing you have to get into the mindset that lots of small amounts (fivers/tenners) do all add up.
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Bit of a woolly question but Are any of the stories about people making 100k+ per year from arbing true and if not what would be a realistic max someone could make?
I’m not planning to become a pro arber or anything, just interested to know
One day you have it........Next it's AllGone
Apparently it used to be easier at some books because they actually allowed you to register a new account per card you had - so you could load up, smash a line, get limited and repeat. Of course, people will still be doing that but not in the same open way because of the terms and conditions of registration/one account per person thing. My comment isn't to encourage anyone 'tries it on' but to simply say it happens.
Originally Posted by AllGone
Anyway, I think 2%+ is probably the kind of standard minimum % many will likely 'settle' for when arbing. So on that basis you would be talking a turnover of £5m (?!) in a year to make £100k in arbing profit. However, those who have the means to spot arbs faster than 99.9% will have tens/hundreds of accounts loaded up ready to go. So while many might be relying on the kind of 1% arbs popping up on delayed free feeds or just using a couple of books everyone knows are slow to cut, the 'pros' will have already taken the ones which were 5%, 8% or whatever. Therefore, the requirement of turnover still exists at the higher levels in order to make high sums but the initial picture may not really be so accurate in turns of the overall turnover needed to make a figure such as £100k.
Can it be done? I would think so. On the other hand, if you were able to always spot unchanged lines at 2 when 'the line' was 1.8, would you even be arbing at all? If you are better off punting value (which is a whole different subject - see excellent thread started by blowingbubbles), then you don't need to tie up money on the other side anyway. Again, I'm not encouraging this as it would take a particular mindset to be able to not be put off by the losses if the person thought the end result was much more positive than it would be by matching off.
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