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Hello!
Few days ago I placed 2 arbs and lost money, because of the non runners - I wonder if anyone had similar experience or have thought about it?
These were 2 arbs on Bee Jay Kay (19th Jul Hamilton 20:45 1m3f Hcap)
Bet365: 50 GBP @ 4.33; BetFair: 55.51 GBP @ 4.00
Ladbrokes: 12 GBP @ 4.33; BetFair: 13.5 GBP @ 3.95
Later on few non runners were withdrawn:
Argaki (withdrawn at the odds of 2.50 on bookmakers)
Oh Boy Oh Boy (withdrawn at the odds of 41 on bookmakers)
Bee Jay Kay WON - and bookmakers paid the return following the Rule 4: Bet365 paid 100 + Ladbrokes paid 24 = 124 GBP (with no stakes included)
In the end it is equal to the odds of 3.00 (!). BetFair however have taken a much higher loss:
-39.06 GBP @ 3.89
-162.93 GBP @ 3.94
They reduced odds only by 0.06 (!). And so my loss is: -77.99 GBP
And I don't see how is it possible after 2 non-runners (favorite inclusive). Argaki must have had at least 30% on reduction factor.
I have written many emails to BetFair and waiting for their response.
However if anyone had a similar issue or problem - I would like to know how it went for you?
Thank you!
Few days ago I placed 2 arbs and lost money, because of the non runners - I wonder if anyone had similar experience or have thought about it?
These were 2 arbs on Bee Jay Kay (19th Jul Hamilton 20:45 1m3f Hcap)
Bet365: 50 GBP @ 4.33; BetFair: 55.51 GBP @ 4.00
Ladbrokes: 12 GBP @ 4.33; BetFair: 13.5 GBP @ 3.95
Later on few non runners were withdrawn:
Argaki (withdrawn at the odds of 2.50 on bookmakers)
Oh Boy Oh Boy (withdrawn at the odds of 41 on bookmakers)
Bee Jay Kay WON - and bookmakers paid the return following the Rule 4: Bet365 paid 100 + Ladbrokes paid 24 = 124 GBP (with no stakes included)
In the end it is equal to the odds of 3.00 (!). BetFair however have taken a much higher loss:
-39.06 GBP @ 3.89
-162.93 GBP @ 3.94
They reduced odds only by 0.06 (!). And so my loss is: -77.99 GBP
And I don't see how is it possible after 2 non-runners (favorite inclusive). Argaki must have had at least 30% on reduction factor.
I have written many emails to BetFair and waiting for their response.
However if anyone had a similar issue or problem - I would like to know how it went for you?
Thank you!
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Replies: 22
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emabarrassing post
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[ This image is no longer available. ]
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cant wait for your 21st post
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It seems quite obvious that Argaki was already withdrawn from the Betfair market when you placed your lay bet, but not out of the bookies' markets when you placed your bet. Probably was never an arb at all.
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It sounds likely that you placed the bet on Betfair after Argaki had been withdrawn which would explain the small reduction factor and before the books had reformed their markets.
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oh well , you'll be more careful in future
 gl |
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fsdc
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 Arbers ftw lmfao |
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Fatlad 1981 22 Jul 13 23:11
emabarrassing post |
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thats 20 times this has happened
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Arbers have ruined the game for shrewdies like Fawwon
 Not that i have seen him mention a horse on a horse race forum |
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Ghost, if one got £200 with the firms with the intentions of arbing, being sensible, how
much would one expect to win after a successful result? Seems a hard game to me, a game for the real hungry. |
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I think the OP post just gives an example of what dunces customer services have to deal with
how would you best reply to his many e-mails ? |
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DEPENDS WHAT PRICE IT WENT OFF AT ECK, HARD QUESTION TO ANSWER.
7/8/9 YEAR AGO I MADE A DECENT LIVING OUT OF ARBING BUT THOSE DAYS ARE LONG GONE. ARBING IS DEAD. APART FROM SATURDAYS  |
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Adge can i come arb against you on the tracks??
I want a free lunch  |
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except on special events, Cheltenham , Ascot , Open golf etc , ghost , when the firms are falling over themselves to lose money
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you're always welcome. i'm feeling generous today at southwell for instance
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Ghost, when sometimes I compare prices when I want to back a horse there seems
so little difference in the prices after deducting commission it hardly seems worth the time and effort these guys have to put into it. |
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Ghost, when sometimes I compare prices when I want to back a horse there seems
so little difference in the prices after deducting commission it hardly seems worth the time and effort these guys have to put into it. Agreed dunno how or even if its a viable option these days. What does make me chuckle tho is all the shrewdies on here conplaining on a Saturday than seagull has put one up they like, hence ruining there  priceThe prices come back up Thurs dinnertime after the decs and the draw has been done get on then i say  But then again these shrewdies dont have betfair to tell them what to do then do they . . . . . . . |
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u played with bookies before they had took the nr out[thus got the r4] and u laid on bf after they had removed argaki?
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even thou u placed both bets at similar time.
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I placed the bets almost at the same time.
I don't remember if ARGAKI was there on both markets, but I would think so - because they usually withdraw non-runners at the same time. I think it explains everything - if ARGAKI was already withdrawn from BetFair - but why would Ladbrokes and Bet365 be so late? BetFair still hasn't responded to my e-mails - got to give them a call when I am back from holiday... There are still arbs, guys - don't know how it was years ago, but I manage to make money. At least to pay my rent. |