| | #1 (permalink) |
| Bronze Member Join Date: Dec 2007
Posts: 2
| does anybody else use arbing? ive been doing it for a month or so now, last month betting almost everyday i made about 3 grand from doing it, as im a beginner i think thats a VERY good profit dont you? my friend showed me how to do it, i using oneborneveryminute.com alot of u might already use them i dont know! i use to use www.wedontreplytoyou.co.uk but they never replied to my emails and was abit to hard to undersand , but if none of u know about arbing id say get into it because its garuntted money! and its pretty simple after u get the know how! |
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| | #3 (permalink) |
| Gold Member | solidsoulja - thx for the info and help I'm quite busy but would like you to do it for me - we'll split 50/50 so you just arb - double your staking system for me and you only have to send me half the additional winnings you cant lose
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| | #11 (permalink) | |
| Sir Realist Join Date: Jul 2004 Age: 28
Posts: 8,003
| Quote:
Arbing can basically be summed up as betting large sums of money at very small odds that none of your counterparties default (which in betting can mean that they go out of business, but is much more likely to mean that they palp the bet). 'No risk' it is not. | |
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| | #12 (permalink) |
| Gelding Member | Since we're being serious all of a sudden... there's also execution risk. You may not be able to get every leg on at the advertised price in the required amount (prices change, limits can be unpredictable, odds comparison sites are frequently wrong). This can force you to hedge at a loss. There's also the holding cost of keeping substantial deposits with multiple obscure books (one "risk free arbitrage" site recommends you have at least 25), which of course amplifies the counterparty risk.
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| | #13 (permalink) |
| Sir Realist Join Date: Jul 2004 Age: 28
Posts: 8,003
| There is also the 'oversight' risk - i.e. not realising that the rules of one bookie may differ slightly from the other one.. the tie in cricket probably the best example. yes, sorry for the sudden switch to seriousness.. [insert witty banter here] |
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| | #14 (permalink) |
| Very Naïve Spammer Join Date: Aug 2008
Posts: 4
| Sorry, I only happened upon this thread after starting my own. Yes it's true there are risks, which is why it is worth taking some advice from somebody who has learned how to keep them to a minimum. That's what the Arbmachine service which I mentioned in my post is essentially all about. |
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