I have been betting on betfair for a cpl of years, but have made a loss in this time and have rarely laid off bets, but i noticed this site and am going to try the trial version.
I have just looked at the prices for the boxing matches on december 11th and all outcomes on the bout i was looking at are 1.02 to back.
When does this change or is it as ppl start to put money on?
There are odds already up on other sites for this.
Am i right in thinking the concept of this is to find a price on another site which is better than betfair, then lay against it on betfair, therefore making a small profit without relying on the outcome
Like I said this is new to me and as i will have plenty of time on my hands for the forseeable future I will certainly give it a good go, so any advice or tips would be welcome. thx
Paul
When to start betting?
I'm not quite sure,but, I think your describing arbitrage there. (feel free to correct me if I'm wrong anybody).
A good place to start would be the Bet Angel youtube channel. Lots of useful videos of what trading and Bet Angel is all about.
http://www.youtube.com/user/betangeltv# ... K9oyHSFkME
Tash
A good place to start would be the Bet Angel youtube channel. Lots of useful videos of what trading and Bet Angel is all about.
http://www.youtube.com/user/betangeltv# ... K9oyHSFkME
Tash
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joebananas
- Posts: 12
- Joined: Thu Nov 25, 2010 9:25 pm
Thx for that guys.
i have found the site ifreebet quite useful in finding all the latest offers on bookmakers.
i have decided to sign up to as many sites as possible and am now signed up for about 10-15 so when I check the odds comparison sites (any ideas which is the best one?) i can go to any account to bet
I have come accross another site which seems quite useful - http://www.beatbookies.com/arbs/surebets.php
Although I am not quite sure what i am looking at. it has an arbitrage % but whatis it your looking for when your looking for that edge with a different site.
i have found the site ifreebet quite useful in finding all the latest offers on bookmakers.
i have decided to sign up to as many sites as possible and am now signed up for about 10-15 so when I check the odds comparison sites (any ideas which is the best one?) i can go to any account to bet
I have come accross another site which seems quite useful - http://www.beatbookies.com/arbs/surebets.php
Although I am not quite sure what i am looking at. it has an arbitrage % but whatis it your looking for when your looking for that edge with a different site.
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rubysglory
- Posts: 309
- Joined: Thu Nov 04, 2010 7:02 am
What you are looking for is what is comonly referred to as overs on the 'back' side with a bookmaker vs the 'lay' side with the exchange whereby (Wikipedia) " Arbitrage using back and lay side is possible if a lay bet on one exchange provides shorter odds than a back bet on another exchange or bookmaker. However, the commission charged by the bookmakers and exchanges must be included into calculations." Sit down with pen and paper and run some calculations on what you would win / lose if you had 100 units on a bookmaker selection then tried to lay off the expected profit on the exchange. If the figure is a profit this is your Arb. If the figure is a negative it is a Hedge.
rg
rg