Arbitrage Question

[ace7550]

Youwager - CS Northridge +200
sbag - Air Force -195

[deeppckts]

Youwager - CS Northridge +200
sbag - Air Force -195

You're throwing money in the garbage. It's obvious what the stale number is. It's Northridge. Why make another bet on air force and pay juice? If you're risk averse, bet less but only bet Northridge.

[ace7550]

You're throwing money in the garbage. It's obvious what the stale number is. It's Northridge. Why make another bet on air force and pay juice? If you're risk averse, bet less but only bet Northridge.

I didn't say whether or not I bet both or how much I bet. I am simply showing arbitrage that is available. Do with it what you want.

[garyking]

In 15 years this has only happened to me only a handful of times and I can't even recall the last time. Avoiding wagering on obviously bad lines has a lot to do with this, I imagine...

Yes I agree. I wouldn't bet on a line that is obviously bad. In pre game wagering can only remember it being done once. In live wagering a few times out of many thousands of bets.

[DISTROYA]

TY but these examples are hardly worth the wagers, unless you have like 5-10k limits on ML's. These are good for rolling over bonuses, not much else.

[ace7550]

TY but these examples are hardly worth the wagers, unless you have like 5-10k limits on ML's. These are good for rolling over bonuses, not much else.

Some arbs are better than others. Only posting what I see.

[Optional]

Youwager - CS Northridge +200
sbag - Air Force -195

One thing you always need to take into account if deciding that arbitrage suits your style.

The biggest arbs are very often going to involve a book who moves odds slower than others. This means that the arber, who in general wants to believe they are making risk free bets, is really taking quite a big risk each time they bet both sides.

10k lost on the losing side and the bet voided on the winning side = a lot of successful arbs needed to make up for the loss.

[ace7550]

One thing you always need to take into account if deciding that arbitrage suits your style.

The biggest arbs are very often going to involve a book who moves odds slower than others. This means that the arber, who in general wants to believe they are making risk free bets, is really taking quite a big risk each time they bet both sides.

10k lost on the losing side and the bet voided on the winning side = a lot of successful arbs needed to make up for the loss.

100% true. I don't always bet the sharp side. And if I was getting a lot of wagers canceled I wouldn't be placing those bets anymore.

[deeppckts]

They're never going to cancel a bet made on a stale line. And you're not betting off numbers/errors.
The exception might be props where the line is way off or possibly even reversed on what it should be. But those situations are obvious.

[Optional]

They're never going to cancel a bet made on a stale line. And you're not betting off numbers/errors.
The exception might be props where the line is way off or possibly even reversed on what it should be. But those situations are obvious.

You seem to feel the need to argue against whatever I say DP.

Tell that to the literally dozens of arbers who have submitted complaints or made threads over the years where books have cancelled for stale lines, seemingly intentionally to punish the arber and make them go away from the book.

Seriously, you must not know any real arber to not know how common that is.

[jjgold]

It’s a waste of time and money you got a look all day to find maybe one or two that are tiny and most take tiny limits forget about it it’s not like before

[ace7550]

Let me clarify my position about arbs here. Sometimes it makes sense to bet both sides and take the profit and sometimes it doesn't. The main reason I look for them is that arbs mean value. If there is an arb available it usually means one of the sides has significant value. I often try and identify which side that is and bet it. Over time it has proven to be profitable.
I'm sharing what I find because I thought others might find it useful. That's what SBR is all about.

[Optional]

Keep going Ace.

Spot bet arbs like you are posting are no problem.

Was only trying to warn new people thinking they can treat serious arbitrage as risk free.

[HedgeHog]

You seem to feel the need to argue against whatever I say DP.

Tell that to the literally dozens of arbers who have submitted complaints or made threads over the years where books have cancelled for stale lines, seemingly intentionally to punish the arber and make them go away from the book.

Seriously, you must not know any real arber to not know how common that is.

DP is right and you are wrong....again. A "stale line" is not the same thing as a "line error". No Book worth its salt will cancel a bet like Northridge +200 in the present example. However, if you continue to bet stale lines, expect to be limited or booted from that Book.

[Optional]

I am wrong that dozens of people have complained about it happening?

I did not say it was fair or right to cancel on arbers betting stale lines. Just that is a common tactic from less reputable books to punish arbers. It really does happen quite a bit.

I am sure regular pro arbers like Sawyer will confirm this if they read this.

[Colonist]

Hey guys,
How many of you use arbitrage to profit at sports gambling?
I make a lot of legitimate bets but sometimes I see obvious arbitrage between two books and I take advantage of it. I have been limited at some books but never banned.
Lastly, would it be a problem if I started posting the arbitrage opportunities I found on SBR?

Good thread, Ace. The naysayers are missing the point that you are pointing these out as food for thought and an interesting angle for discussion. Thanks for sharing.

[HedgeHog]

I am wrong that dozens of people have complained about it happening?

I did not say it was fair or right to cancel on arbers betting stale lines. Just that is a common tactic from less reputable books to punish arbers. It really does happen quite a bit.

I am sure regular pro arbers like Sawyer will confirm this if they read this.

No, you're just wrong in general. Less reputable Books will find any reason to steal, so I fail to see how this applies to an arb thread. Sawyer needs to find better Books to offset his action. Real arbers know to use reliable Books, none of which will cancel a stale line that is slightly off market. Common sense.

[TheBigD]

No, you're just wrong in general. Less reputable Books will find any reason to steal, so I fail to see how this applies to an arb thread. Sawyer needs to find better Books to offset his action. Real arbers know to use reliable Books, none of which will cancel a stale line that is slightly off market. Common sense.

This is true. Sharp post.

[garyking]

Let me clarify my position about arbs here. Sometimes it makes sense to bet both sides and take the profit and sometimes it doesn't. The main reason I look for them is that arbs mean value. If there is an arb available it usually means one of the sides has significant value. I often try and identify which side that is and bet it. Over time it has proven to be profitable.
I'm sharing what I find because I thought others might find it useful. That's what SBR is all about.

Totally agree Ace. Lots of people don't like bonuses either. I take all the bonuses I can, and roll them over by doing arb's and middles. I can roll over $10,000 in rollover requirements without risking a penny. Generally takes me about a month.

[jazzmonkey]

There is only 1 bookmaker which has never cancelled a bad line on me. 75% of bookmakers have cancelled a stale line at least once - UK bookmakers, although they can limit accounts at light speed are generally good when honouring stale lines. I must have had accounts with over 200 books over the years

[jjgold]

A few thefts and your roll is gone

Not worth it

[milwaukee mike]

No, you're just wrong in general. Less reputable Books will find any reason to steal, so I fail to see how this applies to an arb thread. Sawyer needs to find better Books to offset his action. Real arbers know to use reliable Books, none of which will cancel a stale line that is slightly off market. Common sense.

i have had bookmaker and betonline cancel multiple bets... in fact from all of the A rated books, i think only intertops never cancelled one of my bets, and none of them were obvious bad lines

[jjgold]

Intertops all time great book

They have all the credentials

Also..............books know instantly if your an arber they have software

[Sawyer]

Hi guys,

Those doing arbitrage, how often do you get screwed because one of your bet was voided? That would be my biggest fear if I give it a try one day. Especially since you need to play high stakes to make decent profit.

It happens sometimes, it's part of the job. It will happen rare if you're careful (don't bet obvious error lines, avoid extremely high arbs) and don't mess with shady bookmakers.

I am wrong that dozens of people have complained about it happening?I did not say it was fair or right to cancel on arbers betting stale lines. Just that is a common tactic from less reputable books to punish arbers. It really does happen quite a bit.I am sure regular pro arbers like Sawyer will confirm this if they read this.

Well, there's ways to prevent this. One of them is VALUE BETTING. No problem if bookie cancels the bet since you don't cover other side.

What else you can do? Stay away from unreliable bookmakers. You learn this by experience. You lose, you learn. You should never use SINGBET for example, even in Premier League.

And sometimes, there wil be cases (hopefully rarely) where even Pinnacle will void bets. There's nothing you can do about it unfortunately. Hopefully, it happens very rare. Maybe once a year.
In conclusion, Bet Void is not so much problem.

What about books confiscating funds?

Again, it's not so much problem. It will happen rare if you stick with reliable bookmakers. You learn by experience, as I mentioned above. It will happen sometimes but when it happens you don't lose everything. In the end, you win 100 but lose only 1. Think like that. You won't even think about it at the end of the year..

Arbing becomes more challenging day by day. Everything was much more easier 6-7 years ago. Value betting is more reasonable nowadays..If you have high limits, do both.

If you still insist in arbing, my advice is; focus on live arbing. Pregame arbing is half dead now. Live arbing is much more rewarding.

Value Betting Advice: Bet arbs above %3 and don't bet odds above 3,20.

[Sawyer]

Intertops all time great book
They have all the credentials
Also..............books know instantly if your an arber they have software

Well said. Most bookmakers will limit you after your 1st bet. Some of them will limit you EVEN before your first wager. Well, how they know? They use advanced techniques to profile players. Bet365 makes a virtual visit to your adress and check your neighbourhood with google street. You just deposited 2000$ and account owner is living in suburbs? Very fishy..

There's ways to avoid this hopefully.

1. Planting: Don't start hammering value lines right after your first deposit. Use the account like a square player for 1-2 weeks. I call this technique planting since like a plant, you plant and grow the account.

2. Parlay Arbs: Place parlay wagers. Parlay your arbs. However, it's not easy to spot multiple arbs. This is not so much problem at all, You can bypass this difficulty by adding few -%0.2 arbs to your parlay ticket. Not to mention, it's a GREAT way to boost your stakes.

3. Live Arbing: Most bookmakers are unable to detect what you're doing if you're betting live. This will change probably in few years. Some bookmakers still limit you after 5-6 bets even if you're betting live.


4. Value Betting: You bet less but still make great profit.

[ace7550]

Bovada, St. Peters, -300
Heritage/Wager Web, Stony Brook +315

[ace7550]

You are a wealth of knowledge Sawyer. Thanks for taking the time to type out all that info and advice.

[jjgold]

Bovada, St. Peters, -300
Heritage/Wager Web, Stony Brook +315

not worth it you will get banned Bovada if you put $1000 on it and it wins

$100 you might be alright a few times

[Crusherrr]

The best way I've found to not get limited anywhere or face any issues is dump hundreds of thousands in blackjack. They don't give a fk what I do when they know I may rip my $50k balance at any moment.

[ace7550]

The best way I've found to not get limited anywhere or face any issues is dump hundreds of thousands in blackjack. They don't give a fk what I do when they know I may rip my $50k balance at any moment.

Brilliant strategy

[milwaukee mike]

The best way I've found to not get limited anywhere or face any issues is dump hundreds of thousands in blackjack. They don't give a fk what I do when they know I may rip my $50k balance at any moment.

i used to have a similar strategy with paigow poker

at this point, the mistakes and goofball stuff (like live betting the patriots right before newton threw a pick) offsets anything i could make arbing... but still better than the old days where casino losses would eat up anything and everything

[ace7550]

RG3 to throw an interception
betagame, no, +175
wagerweb, yes, -170

[Sawyer]

Happy to see there's other arbers here too

Guys, Arbing is getting more challenging everyday.

Things were much easier in the past..

In the past,

There were books who set same total line for 1st Half and 2nd Half in NBA and NCAA. (1st Half Total was 1/2 of the game total)

There were books who set same odds for underdog to win 1st Quarter and the whole game. Can you imagine the value on underdog to win 1st quarter? If Miami ML is +300. Well, Miami to win 1st Quarter is +300 as well.

There were books who offer -110/-110 for odds/even in baseball.

There were books who offer -115/-115 for odds/even in hockey and yes, OT is included.

There were books who favor the home team in baseball for ''Which team will score first?'' Bet. Probably their oddsmaker doesn't know visitor team bats first and they think home team has home field advantage. Oh my god.

There were generous bonus offers such as %50.

I miss those old (and gold) days..

[garyking]

Yes, no doubt about that. My dream would be not only to go back to those days, but to be a newbie and be able to do all the sign up bonuses available now. As well as have my limits raised to what they originally were at all the books I have joined over the years. I think someone who comes in now should be able to make close to $20,000 profit by arbing all the sportsbook bonuses from the C to A books.

[Crusherrr]

Yes, no doubt about that. My dream would be not only to go back to those days, but to be a newbie and be able to do all the sign up bonuses available now. As well as have my limits raised to what they originally were at all the books I have joined over the years. I think someone who comes in now should be able to make close to $20,000 profit by arbing all the sportsbook bonuses from the C to A books.

You can still make easily 100k a year even starting with 10k. Sign up bonuses are nice but reloads are just as good. Just have to know what you're doing and be willing to only bet big markets and dabble in casino games. It also helps I probably rake tens of thousands of dollars in poker on several of the sites as well