*Arb Betting*

[emu]

Hello all,

Can anyone tell me if this concept works.

please

Apparently there are a couple of groups out there selling systems about this and how it works and how you can get the best from it.

It simply is betting on any sporting event whereby you guarantee yourself a profit. You need to have accounts with multiple bookies and if for example you are betting on a footy match, if one bookie has one teem at $2.30 to win and another bookie has the other team(in the same match) at about the same to win (or at least $2.10, $2.20) then you guarantee a profit.

I wouldnt imagine it being as easy as that.

can anuone comment on this ?

[karla909]

Hi Emu.

My reply is by no means an expert opinion. I would like to see the discussion be kept going so i'll respond.

I wager daily and watch and keep records on baseball, NFL & USA college sports and ATP lines. At any particular point of time, the arbitrage on lines is seldom there in well defined sports like MLB and NFL. It does sometimes occur. It does happen in the little covered sports. But in my experience it is not more than 1-2%. I would say I have seen about 1 every 4 months.

Most arb situations occur during the betting where one team gets backed in. Therefore you must have a very sizable bet on the team backed before the line moves.

I don't really know but I thought about looking into this and you need to have the following to make it work:


a very good computer connection & be on-line a lot
access to dozen's of bookmakers
be willing to bet in the 1000's to get a tiny percentage
be able to join & monitor 2 or more betting exchanges at the same time.

It is like running a minature stock exchange. I know there are sites that give you arbitrage situations but actually getting them is hard. Be aware that bookmakers are always trying to do this with our money, so you will have lots of competition.

I would try and get a trial membership and give it a go for a few $. I think you will find that the theory is better than the practice.

If u do go ahead, please share your experiece with us.

Karla

[Mr J]

"s seldom there in well defined sports like MLB"

NFL I agree but they are reasonably common for MLB.

[BJ]

You will be fighting against all the bots.....