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Fancy Some Free Cash In Your Pocket? TONIGHT?

Discussion in 'Making Money' started by jammie, Sep 28, 2009.

  1. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    I've finished coding my new software today, so here are some of the first results.

    Pittsburgh Pirates v Los Angeles Dodgers (28th 17:35 BST).


    ---------------------------
    BetClick - Place $100 On DODGERS (odds correct as of posting @ 2.3)
    BetFair - Place $86.46 on PIRATES (odds correct as of posting @ 2.66)

    Total outlay = $186.46
    Total return = $230
    ---------------------------
    Profit = $ 43.54
    ---------------------------

    If you fancy putting $1k on dodgers & $864.60 on pirates you'd make a tax free profit of $435.40. Not bad for 5 mins work.

    Have fun ;)
     
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  2. emrinho

    emrinho Registered Member

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    sweeeet, where can I see a demo/purchase this software?
     
  3. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    Can't :p took me long enough to make it actually work, so i want to profit from it for now.

    Btw, windows closed guys. Odds have moved to 2.64 & 1.58, no edge available anymore. Check historic odds on the website though if you don't believe it ever existed ...

    I'll post another later. Politics perhaps?
     
  4. emrinho

    emrinho Registered Member

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    thats irrelevant. my profit wont lower yours right? so why dont you share the love?
     
  5. benmarvin

    benmarvin Junior Member

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    Can you use either of these sites in the US? Through a proxy? Will they still let you bet?
     
  6. Alex Brooks

    Alex Brooks BANNED BANNED

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    Interesting, so this software calculates how much you need to bet to make a profit no matter who wins?
     
  7. nam6641

    nam6641 Supreme Member

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    just to be clear, you're saying the odds were:

    site 1: dodgers -230
    site 2: pittsburgh +266
     
  8. voidale

    voidale Jr. VIP Jr. VIP Premium Member

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    what website can you check this things on?
     
  9. proscale

    proscale Regular Member

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    Nice.

    I'd highly suggest if you're going to dabble in arbitrage that you get a custom script app to actually place the bet, these spreads are caught and corrected pretty fast, imagine placing first bet only to find the gap is closed. At that point you're just gambling.

    I hope you actually got in on that one, arbitrages with that high of a spread (20%+) are extremely rare.

    Good job
     
  10. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    @namm; I'm not sure what they were in the american system

    "2.3" would mean, if you put $1 on, you get $2.3 back ($1.3 profit).

    @emrinho; no, it won't lower my profit, but i've been working on this a while and some of the maths took me a while to nail.

    Because the odds changed so quickly on the last one, i'll be kind and post another. UK politics.


    ---------------------------
    Winning Party for the "Sunderland Central" seat. UK election.
    ---------------------------
    Ladbrokes - Place $100 On Labour (Odds @ 1.5)
    Ladbrokes - Place $33.35 On Conservatives (Odds @ 4.5)
    Ladbrokes - Place $2.94 On Plaid Cymru (Odds @ 51)
    PaddyPower - Place $2.23 on Liberal Democrats (Odds @ 67)

    Total outlay = $138.50
    Total return = $150
    ---------------------------
    Profit = $ 11.50
    ---------------------------

    Sure it's only small. But if you've got a large amount of money lying around and fancy a 100% win, why not?


    @void; check odds @ http://www.ladbrokes.com/ and at http://www.paddypower.com/.
     
  11. antsaoo

    antsaoo Supreme Member

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    Well as he calulated on first example both give you 230 currency you choose and total you put in would be 180$ about :)

    i think his software basically spiders ? anyway searches , trough betting sites' lists and find pairs which are profitable for sure :) nice app idd.

    Do you have money ready on accounts or make a deposit when you find right places ?
     
  12. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    You've gotta have accounts at 19 diff sites. Many of them allow instant deposits with cards though and save your details for a 1-click bet. so you can do the whole process in a minute.

    They close quickly, so you just have to be watching! There was a nice snooker one yesterday i missed out on. Damnit.
     
  13. SpazzyMcSpazz

    SpazzyMcSpazz Regular Member

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    why you need a software for that? there are plenty of sports arbitrage services out there, some even free

    and you should check at http://www.sportsbookreview.com/ if the bookmaker is legit. bigclicks doesn't even have a rating. You might just have lost those $100
     
    Last edited: Sep 28, 2009
  14. voidale

    voidale Jr. VIP Jr. VIP Premium Member

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  15. Dillusion

    Dillusion BANNED BANNED

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    Well, I'm also from Portugal and I wouldn't recommend it, never personally used it, but... heard lot's of mixed reviews concerning that site, so just be careful!

    Glad to see other people from Portugal around here, up until now it's extremely rare to see people from our country, my personally experience tells me that everyone from our country is used to treat IM as a scam without even understanding it.
     
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  16. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    But most services only work on 2 outcome eents. i.e. win/lose. To be able to do it Win/Lose/Draw or on 80 player tournaments, thats the interesting part :p.

    I'm going to have to work out a way to include lay betting in it aswell because you can create opportunities on lay+back bets in some instances.
     
  17. Grandslam

    Grandslam Senior Member

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    I'm not exactly sure how this works? If you're bored, would you mind telling us the basics of this strategy? I'm not familiar with this type of stuff.

    If I asked too broad of a question, just let me know and I'll clarify. :)

    Thanks!
     
  18. seres

    seres Junior Member

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    It´s more difficult the lay and back thing i try it, get me mad. Try this soft backandlay only calculate the arbitrage profit.
     
    Last edited: Sep 28, 2009
  19. CMS2009

    CMS2009 BANNED BANNED Premium Member

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    Id bin the PlaidCymru bet in Sunderland Central. Fairly obvious why

    I understand the principle of arbitrage in that you 100% cannot lose, but placing anymoney on a WELSH policital party, to win a seat in the NORTH of England it just being totally daft

    This highlights an important aspect of arbitragte betting. Its not simply a numbers game, finding any market with over a 100% return, regardless of the fact that you do not understand that market is the road to ruin.

    just a few examples:

    some bookies pay out on hockey on the result, not including overtime, others count overtime. You need to make sure all bookies are paying ouot using the same rules before you bet on a market.

    same for american football.

    some bookies will pay out on a soccer match, as long as at least one half is played, others will only pay out in the event that the match is completed (you have the potential to lose your stake should the match be abandoned at any time, for any reason...it has happened)

    There was a huge arb on the result of the first BUSH/GORE election, with both priced at 6/4. However, due to the huge legal wranglings and the florida recount, and some dubious interpretations of the rules by some unscrupoulous bookmkers, funds were tied up for months, and others not payed at all


    Another big problem any serious arber WILL face it stake limitation. Bookies trading rooms will quickly become aware that you are arbing, and limit you stake. This represents a huge problem if you have one half of your bet on, and your second bookmaker limits your stake to £15.

    Anyone thinking of arbing needs to spend AT LEAST six months researching and finding out exactly whats going on. A float of at least 20 times your base stake (which is normally £1000, so 20k required) is needed to ensure you can take advantage of enough opportunites on a daily basis to be profitable, because some bookmakers will take over one week to pay out your winnings, and due to the fact that you will require well over 20 accounts, and the possibility that they will seize your winnings when they discover you are arbing it is not feasible to leave funds in every account


    sorry if this is long winded, but this is just the tip of the iceberg of the problems any arber will face



    having said that, I know a few guys make over £200,000k a year from it, but they have square eyes, high blood pressure and have managed to lose their social skills.



    ONE MORE THING. For anyone using Betfair and making a profit, theres the relatively new PREMIUM CHARGE, that they hit profitable players with. Rapists
     
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  20. crunch

    crunch Junior Member

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    better watch out for bookies, they can weasel paying out very easily, and sods law its when you put on the big one!

    been there done that and its sure to end in tears... but good luck and hope u pull it off!