Sports Arbitrage
 

Well, I've long been of the opinion that sports arbs are snapped up very quickly and all that is left is not worthwhile after paying commission on Betfair.
However, having manually scoured the markets, it seems that there are many straight arbs available straight away on very popular matches!
After looking into it, I was converted by various sites that these arbs are picked off by bots and one really needed to delve into the murky world of cross market arbs and Asian Handicaps.

Not true!
Perhaps all this is smoke and mirrors to ward off competition?

At 8am this morning in the English Premier league
Man City v Sunderland
Sunderland was $21 to lay on Betfair and $23 to back with a bookie.
Right now the Draw is $10 to lay and $10.50 with a bookie.
When I say lay, there is good money waiting to be matched at those odds already.

Delving into the minor markets there are many many good arbs actually waiting to be matched.

Chrome unless you are backing with Pinnacle sports then basically your account will get banned.

Not worth the hassle. Especially when you hear of the horror stories of people losing funds to bookies that just go bankrupt.

UB, does that mean that for betting longevity you Back with Pinnacle and Lay with Betfair, end of story?

Well I've been using Marathon for a while and not been banned, we shall see.
Only use bookies that have been passed by others. It's the little guys you have to watch in case they disappear.

P.S. Pinnacle very often do not have the best odds compared with other bookies. Although in theory they should due to lower overround, it is in the actual price differences rather than market totals where the profit is. A bit like the occasional big price using best tote etc.

I use pinnacle a very different way to almost everyone who uses them. But if you take the time to look at them and what they do and how they do it then they are a virtual ATM for sports betting.



That's very true. They rarely have prices that you can arb with the betfair prices.

Anything to do with early prices?

Chrome get access to their API and start recording their prices. I know you will be able to pick up some profitable stuff pretty quick.

Thanks I'll look into it UB

Currently doing my due diligence research into Sports Arbitrage and would agree with what you say CP. However it's the same old same old as regard to getting banned sooner or later after being recognised as an arber.

There are various well known markers that bookies use to identify an arber. One being that an arber is a single bet placer. A lot of recreational high stakes players (non arbers) use accumulator coupons (all ups). In other words, if successful with their first bet, they roll the stake and winnings over to the next match on the coupon.

It has been suggested that doing this method can prolong your life as an arber with certain bookies? Can anyone comment from experience?

In other words, let's say you had a $1000 2% arb in the Nth Melb v Hawthorn match last night. Whatever the outcome, you come out with 2% profit $20. You now, with the same bookie you won with, place a $120 stake on a VFL match today, but this time just hedge on Betfair to lock in as much of the original $20 as possible.

In other words you're trying to replicate the betting pattern of a typical all or nothing punter, the types bookies love?