I usually have at least one long term market on the go at once, there are several reasons for this:
Long Term markets are fairly easy to find arbs on, they exist for a number of reasons the main one being the length of time before the event is settled means if the return is under a certain % and it is tieing up £ks for that long your money is actually better off in the bank / being used elsewhere.
There are usually several long odds outcomes which means it is relatively simple to "dump" freebets I recieve into there and the liability is spread, so it does not cost me any more funds and there is a chance I dont pay commission if it wins as well.
The Drawbacks are it is very easy to forget where you placed the back bets and it just gets lost (well I seem to manage that every year). It does take up a lot of capital. It ties up the funds for a LONG time.
I am thinking of doing it on the Premiership market this year anyway and seeing what happens. Each Sunday it is usually possible to have a quick scan and find one or more teams odds have come in enough based on results to now be arbed vs a bookmaker who has not updated the lines yet. And anyway I will use it to dump freebets anyway.
At the moment there are a ton of exact matches at various bookmakers vs betfair and also you could get some more if you actually queued at betfair at the current back odds. Even taking actual lay money available now though there is:
Chelsea at Betterland 4 vs 3.6
ManCity at 24hPoker 40 vs 26
Portsmouth at Skybet 1001 vs 930
W Ham at Expekt 1001 vs 900
Fulham at Expekt 2001 vs 980
So clearly arbable BUT it takes up a £1.5k float in Betfair really, although you can combine liabilities a bit as it goes on, getting just £2 on Fulham and laying it for £2 as well costs more than that.
So anyway, there we go, a bit of a chat about the Pros and Cons of Long Term arbs, and from now on any other Big ones I spot I will put in this thread just in case anyone else is doing the same.
Are there any other benefits? Drawbacks? Things I have missed? Discuss....