Canbet not for arbitrage players

[Lad]

Just sharing......

Canbet :The below mentioned bet has been voided as an incorrect handicap was
displayed on CanBet website regarding Soccer event. Celtic Vs Manchester
United.
Your bet placed has been cancelled (voided) under Betting Rule 8

Betting Rule 8 states:

When a line is put up in obvious error due to a human error by an
CanBet employee, any customer wagers entered to take advantage of the error
will be cancelled.

Your stake amount has been returned back to your CanBet account.




Me: Next time,in the case of void bets, issit possible for you to inform me
through sms?
I do not logon to my email all the time.
Lucky I did today or else I would not even know that my bet is being void.


Canbet:Thank you for your email.

While SMS is a good future consideration, it is not possible for us to
notify you via this method at this time.

Therefore, for the foreseeable future, if you have a bet cancelled, or we
need to communicate with you, then we will use the email address that you
have registered with us. If this email is not convenient, perhaps you could
supply us with an alternative?

Kind Regards



Me:Hi,

Odds fluctuations differ among sportsbooks due to DD and SS and I choose the one that happens to be at my advantage. To me, for this case, I take it that lots of punters are betting on celtic at canbet which results in odds ,contrary to the market, favourable to Man U punters. I can't differentiate
which odds are due to fluctuations and which is due to human error.Therefore its not possible for me to judge and spot "obvious" error.

So my question is, How long does it take for you to verify that bets are void?
If lets say its 10 mins, fair enough, then in the future, I will wait for 10 mins after placing my bets inorder to double confirm.

Canbet: Thank you for your e-mail.

Of course it will vary depending on the market and the nature of the error,
but it is advisable to double check your bets 15-20 mins after you have
placed them.

Kind regards



Me:So Can I have the assurance from you that if I do not recieve any emails
from canbet within 30 mins after I place my bets, those bets would 100% stand and never be void.


Canbet:Thank you for your e-mail.

No, that was certainly not my intention, and I give no such assurance in any way.

As per our rules on our website - "When a line is put up in obvious error due to a human error by a Canbet employee, any customer wagers entered to take advantage of the error will be cancelled."

Please note that there are no time constraints listed within that rule - I am merely advising you that while we will email you to inform you that your bet has been cancelled, it is solely and exclusively your responisbility to monitor your account and ensure that your bets are valid.

Kind regards

[LGBoots]

What were the prices you had for this arb which Canbet voided ?

Edit. Forget it I just noticed you mentioned that the incorrect handicap was displayed

[Lad]

Man U (-0/-0.5) @ 2.150

Great deal huh.

Starting to discover more and more "risk" involved with this arb trading.

Now, I don't really know whether to be happy or be frightened if I do spot a good arb

[Lucas]

study without betting for a while...

[wrongturn]

As far as I know, all books have policy of cancelling bets on error lines. So be frightened.

[Yoshi]

Well what can I say, if they sent you an email they did everything right, if this was indeed a bad line.
If you bet over the internet it is your responsibility to double check your account/emails if you think you might have taken a bad line.

The title of the thread makes no sense, you can place arbs there for sure, just stay away from bad lines.

[tribet]

Canbet quite often put up the wrong handicaps/odds for soccer and you can usually tell by checking the book % which will be 100% or very close to it when there is an error.
As has been said try and check your bets before KO.

[stump]

don't worry, if u are a us resident, you can't play there after 11/30 anyway

[Mudcat]

IMO the root point is a pretty good one. Canbet is not for arbitrage players.

I recall them cancelling a bet on a line of +100 claiming line error - and they moved the line to -108.

They did everything right as far as deleting the bet on time and getting the information out there, but that's a pretty small difference to be going around cancelling bets. Very bad for arbitrage players.

I would recommend that anyone playing arbs there be very careful to check that your bet hasn't vanished right up to gametime if possible. In my experience it is necessary to watch Canbet much closer than most other books in this area.

[koko]

IMO the root point is a pretty good one. Canbet is not for arbitrage players.

I recall them cancelling a bet on a line of +100 claiming line error - and they moved the line to -108.

They did everything right as far as deleting the bet on time and getting the information out there, but that's a pretty small difference to be going around cancelling bets. Very bad for arbitrage players.

I would recommend that anyone playing arbs there be very careful to check that your bet hasn't vanished right up to gametime if possible. In my experience it is necessary to watch Canbet much closer than most other books in this area.

I've had Pinny cancel bets due to "incorrect line" etc in the past, so you shouldnt use them when arbing either.

[Mudcat]

As far as I know, all books have an "obvious line error" clause. If you say you shouldn't arb at any book that has cancelled a wager for that reason, I don't think there would be anything left.

The important point to arbitrageurs is tolerance. The example I cited of Canbet calling a +100 line an error when it should be -108 is extremely low tolerance. That is a line error which is far from obvious IMO.

As a contrasting example, I have had The Greek honor wagers at +140 that should have been -140. As an occasional arber, I am much more comfortable with The Greek than Canbet.

I have used a lot of books - and had a lot of wagers cancelled - and based on my personal experience and what I have read, Canbet is right at the low end of the comfort scale for those plays.

IMO Pinnacle is the most important book to have for arbing.

[Sam Odom]

.
.
.

[Lad]

I have had The Greek honor wagers at +140 that should have been -140.

Great to know that there are still books which stand firmly to such
principles.
Respect

Thanks for sharing.
I have been using 188bet and pointbet for majority of my arbs.
Looks like its only wise to add TheGreek to the list.

[Yoshi]

Depends on what sport you scalp i guess...never had any problems with the NBA at Canbet. Btw you dont use Pinny?

[koko]

Depends on what sport you scalp i guess...never had any problems with the NBA at Canbet. Btw you dont use Pinny?

I think your sarcasm meter is on the fritz

[Lad]

Btw you dont use Pinny?

Have bookmarked Pinnacle.
Will join once I spot a arb there.


As for canbet , its kind of unsuitable for me.
But I do admit that their CS is rather fantastic. Their responses to emails are freakin fast.
Its a pity that my style of capitalising on odds differences/errors doesn't goes well with their rules.

[Lucas]

Have bookmarked Pinnacle.
Will join once I spot a arb there.


As for canbet , its kind of unsuitable for me.
But I do admit that their CS is rather fantastic. Their responses to emails are freakin fast.
Its a pity that my style of capitalising on odds differences/errors doesn't goes well with their rules.

LOL.

Very funny post. Every-single-sentence.