Arbitrage

Done it for years.

1.)You need to open loads of accounts with lots of bookies.
2.)They will all limit you/shut your account pretty quickly.
3.) So you start opening accounts using friends/family, these also get shut down so you have to find more and more of em to use.
4.) If you use Betfair as the other half of the arb you will discover over time that the BF side of the bet will be losing long term and the Bookies bets will be winning over a period.(in the short run results will be all over the place).
5.) Then you realize that this is because Betfair is a more efficient mechanism for finding true odds and you see that it is more profitable to not arb anymore just do the bookie bets side and let them run.
6.) Unless of course you are paying the premium charge on here. In that case you want to book losing bets on your BF account so you arb as much as you can be bothered to try to avoid this appalling tax.

You can scratch out a living from it but it`s a lot of time staring at computer screens trawling the net. I think there are easier ways of earning $$ betting but maybe there are more efficient ways of arbing than my method explained above. EG. you may live in a country where you can get decent cash bets on with betting Shops @ arbable prices ..

HTH & GL

How much do you make doing it, if you don't mind? I was mainly thinking of using it as a way to increase my betting bank, but don't want all my accounts getting shut down. I was thinking about aiming for £100 a month as a little boost to betting bank.

Squirrel, I advise you to read Tucker's comment more thoroughly. His experiences mirror mine completely.

Except with the addition of

5.5.) You hear everyone raving about kelly staking, then go bust applying it.

Squirrel its a good way to build up a betting bank and to learn the way the markets move  but it is also a ticking clock as you will soon find all your accounts closed even sometimes if you are not winning at the bookmaker,if you know where to look it is also possible to make a few hundred a week for a few hours effort but the bookmakers are much more active now than a few years ago and you may find one big bet being your last with them as Tucker points out its more profitable in the long run not arbing the bet off as long as you have the patience and bank .

1. Build a time machine.
2. Go back to 2002.
3. Put £2000 on a 5/4 shot with C orals and lay off here at 1/2.

Squirrel, think about doing it dofferently to how others do it or you will get closed down.
However, if you can think outside the square there are ways to arb with bookies without significant price differences.
And the outcome is thus:

1.)You need to open loads of accounts with lots of bookies.
If you know what you're doing you need only two or three accounts. Could operate with just one, but better to diversify.

2.)They will all limit you/shut your account pretty quickly.
Because you're picking off overs all the time!
Bit of thought will reveal that it's not necessary.

3.) So you start opening accounts using friends/family, these also get shut down so you have to find more and more of em to use.
Nope.
4.) If you use Betfair as the other half of the arb you will discover over time that the BF side of the bet will be losing long term and the Bookies bets will be winning over a period.(in the short run results will be all over the place).
Betfair side is breakeven.
Bookies winning but you gotta fool them by acting like a mug.

5.) Then you realize that this is because Betfair is a more efficient mechanism for finding true odds and you see that it is more profitable to not arb anymore just do the bookie bets side and let them run.
And get shut down!

6.) Unless of course you are paying the premium charge on here. In that case you want to book losing bets on your BF account so you arb as much as you can be bothered to try to avoid this appalling tax.
Never paid it.

I found an opportunity earlier today.  market with just two options.  Can back side A on one bookie for 2.00 and side B with another bookie for 2.05

only downside is that its a market that wont be settled for about 6 weeks, I cant be bothered tieing up my funds.

Still trying to work out if Beat The OverRound is a genius or spouting cr@p.

Could arb with 1 (one) Bookie account and not get shut down &

Never pays Premium Charge either  ??

maybe he is a genius, dunno

Hi Raps,
I'm neither a genius nor spouting crap.
The reason people get shut down is because they don't know how to run a bookie account with the alerts they have in place.
The same goes for Premium Charges.
You have to think of a way around these things and it doesn't take a genius to work it out.

Comes down to greed most of the time OverRound.

There are accounts that I got closed easily and some of my best accounts are still going and I can only factor it down to there being a fair bit of 'mug business' on there.

liverpool 11/10 with corals at west brom is a great arb

In a nutshell, you simply have to appear on paper as a mug loser and they won't shut you down. In fact they'll keep hassling you to use them and give you all sorts of enticements.
Lucky for us paper and reality can be two different things.

few years ago i used a friends heavy losing account with bet 3 6 5 to do some very aggressive arbing with them... was brilliant for 5 weeks, did about 30k with them and got paid off exchanges.... then in just 5 days it went the other way and won just over 30k off them getting paid by them... they shut the account.

That's what I'm talking about, they see you as a risk no matter what the history of the account. You won 30k off them.
Why didn't you siphon off the winnings as they came in appearing to lose on 365 but transferring it to Betfair by laying.
Their risk management software kicked in and closed you down.

If he knew which ones were going to lose...I dont think he would bother laying off

wouldn't need to bother arbing the bet either,value is almost always at the bookmakers you will find it extremely difficult to lose money there in the long term only way to keep incrementing the odds higher that you trade on until eventually the 100/1 shot wins then its the same result i have also had losing accounts closed simple fact is if you beat the sp you won't last long term no matter what sport either tennis golf football and racing all had had limiting effects 5 years ago it was a lot easier but the goose doesn't lay as much now so specail offers and a less frequent approach is more prudent or just use betfair and play here as i do now.

Why didn't you siphon off the winnings as they came in appearing to lose on 365 but transferring it to Betfair by laying.

err, 5% commission?

You can allow for 5%, I can't understand why it seems so difficult.

Tucker, if you can make enough on here to attract pc why bother arbing?

Olympics - Womens handball, Norway 2.75 betfred, tote, sky, b olye, bluesq, 888, bwin, bodog, wh, youwin, coral
                             Lay 2.64

BTO,

What you mean by this:

Why didn't you siphon off the winnings as they came in appearing to lose on 365 but transferring it to Betfair by laying.

If you win with the bookie, how do you 'appear to lose'?

You can't control where you win you place arbs. If you're winning at an exchange and losing at a book and therefore they are less likely to close you down it's just luck. If you knew which side would win you wouldn't need to bet the other.

Can someone lay me Norway at 2.64 I can't get any money down anywhere ffs.

Not every arb is going to win at the bookies ;)

same old questions for the last 10 years

As a full time arber there is a lot of truth in what TM says but I suggest if you can only scratch a living you are doing something wrong.
The usual scenario for a newbie is to pick up the easy arbs from UK books(of which there are many with an unrestricted account)then they get restricted and are completely lost as to how to make any money.
UK books are next to useless out of the 27 books I use at the moment only 1 is from the UK,I could easily get some more accounts but they won't last so it's not worth my time.
You have to think outside the box(wankky term I know)to mkae good money at it these days,I hardly use Betfair at all except on low odds because the commission is a killer.
You will also need a decent bank 50k+.
Having said that it would be easy enough for a beginner to make a grand in short order.

GPT - Which are the best bookmakers? The only ones that haven't limited my accounts are Pinnacle, Sbo and the Greek. I heard Aus Tab don't restrict accounts but they're no use to me in the UK because of the currency conversion charges and withdrawal fees.

BTO,

What you mean by this:

Why didn't you siphon off the winnings as they came in appearing to lose on 365 but transferring it to Betfair by laying.

If you win with the bookie, how do you 'appear to lose'?

YO you need more Asian books and offshore/Oz books you just have to factor in the currency differences.
I have been with some of the Europeans for years,they restrict but to a useable level.

Not every arb is going to win at the bookies, that's what I mean Contrarian.
Stake it so you have to lose with the bookie, but win on Betfair eventually.

The pro-arbers are all sweating, BTO is on the verge of revealing their biggest secret

Are the pro - barbers sweating as well ?

No, they are tearing their hair out

You cannot follow any of the strategies BTO is hinting at w/ British bookmakers.

If you try to up yr stakes after a winner, you soon hit the ceiling per runner even on an unrestricted account.

If you try to put all the value bets into multiples, your stake is restricted and you come to the notice of traders/algorithms. Plus if you get two or more legs up, you put y/s in the position where you really suffer from price swings and may run into liquidity constraints you didn't expect on bf.

If you only take SP or SP+ when it is bigger than bf you are OK for a while but run the risk of not getting matched and losing a sizeable portion of your bank, or again just of winning too often w/ the book.

If you get a way to bet in to the swedish pots, when there is a jackpot, you get a way to
arbitrage 10% or so, but it is not as simple as three outcomes.

british bookmakers aren't bookmakers but amusement arcades. end of story.

askari1,
That's because you cannot see the forest for the trees.
Most arbers can't either.
Only a very few percent think outside the square.
The rest keep taking the very best prices at each bookmaker and each bookmaker uses Margin Maker from Finsoft software. You need to know exactly what's within the bones of the software to know how to beat it and keep your account alive.
If you keep taking the best prices or backing firmers with them, they will flag you, if you win big, they will flag you, if you bet odds amounts, they will flag you.
Once you are flagged it's all over at every bookmaker who uses the software, because the flag is uploaded to a central cloud and distributed amongst the network of Finsoft users.
I exclusively use one UK bookmaker and have never had a restriction imposed.
I have of course been refused a bet, but the account has never been limited.
From my post you determined that I must martingale my bets until I hit a loser, this is an incorrect assumption.
There are plenty of longshots that are less on here at some point in betting and longer at the bookies. You can arb it back on Betfair and therefore be a longterm loser at the bookies. It's not back value on BF, nor at the bookies, so longterm you have to lose at the bookie.
Sometimes I will get onto a quiet obscure market and lay at value here and back it so I can't lose, but most likely to lose at the bookies.
If you keep trying to sting the best prices at the bookies, you'll be shut in less than a week, if you do it within 30 minutes of track prices, you'll last no more than a day or two.
Knowing what is being monitored and how by the software is half the battle.

Has the 7.45 at Salisbury been a popular event today

The OP stated he had some kind of advertisment. Be careful, there are a lot of arbitrage related scams out there.

Yes be very careful.
In fact there are many sites where they will help you for almost free or free, but they require you to fill their pockets by signing up via affiliate links and funding your accounts.
One has to ask the question, if they are successful arbers, why on earth would they need affilliate commissions?

http://www.youtube.com/watch?v=vLPKJtHL_GA

Prime example

That's Shane Greenup. To be fair to him he doesn't make any secret about the fact that the links on his site are affiliate related. In fact affiliates can sometimes negotiate some good deals that benefit both parties - he has recently done a 1% cashback deal with Skrill for 30 days and it applies to existing accounts also. He's obviously not the greatest arber and has stated before that he doesn't have the patience for it. He's come up for a fair amount of criticism but there are a lot worse out there who try to stuff their affiliate links under your nose in far more sneaky ways. However the scams I am referring to are the ones that ask customers to pay huge up front fees for trading software. These are out and out cons and there is actually an informative section about them on that guys website.

http://100percentwinners.com/100usdgift.php
That is an example if what I am referring to. Avoid **** like that like the plague.

Interesting posts though BOR.