good question.Waiting for answers.
Make Easy $10 - $100 Risk Free within 5 minutes!
- Thread starter FireofWar
- Start date
good question.Waiting for answers.
When you lay a bet at betfair, you are betting for a certain event to lose, which means you win with every other outcome!
Example:
Take this footbal match, Manchester vs Chelsea.
You have 3 outcomes, either Manchester wins, Chelsea wins, or you have a draw!
When you lay a bet against Manchester winning the match, you will win your profit if either Chelsea wins or you have a Draw!
When you lay a bet, you are actually acting as a bookie yourself, you are betting against everyone who made a bet for Manchester to win.
You are betting your money so that event will not happen!
You are not exactly betting for Manchester to lose, you are betting for Manchester NOT TO WIN! so you win your profit regardless of the outcome is a Chelsea victory or a draw.
Understand?
good question.Waiting for answers.
Can the booking odds be so high
and what does 18GBPpp 13 min ago indicate.
good question.Waiting for answers.
Can the booking odds be so high
and what does 18GBPpp 13 min ago indicate.
Unless you are a experience trader, I wouldn't advise you to bet under such high odds.
Reason being that when you lay a bet at 46 odds, you have to deposit a huge sum into betfair.
For a $100 bet, you would need to deposit $4500 into betfair!!
You would win a profit regardless, but I bet most people here can not advance $4500 in such a way!
Unless you're already rich, STAY BELOW ODDS OF 7 - 8!!!
That value 18 available 13 minuts ago, means that 18 Pounds where already matched until the last automated check of the offer which was 13 minutes ago.
That site was made for people from the UK, which means all monetary values are given in Pounds!
Make the math yourself on excel!
JackSparrow
Elite Member
- Mar 24, 2007
- 1,527
- 2,144
I used to have a calculator that worked these arbitrage bets out, but i deleted it when i gave up gambling.
These occurances are very rare but do happen, but you need balls of steel to make big profits.
These occurances are very rare but do happen, but you need balls of steel to make big profits.
You will always profit as long as the Lay odd on betfair is inferior to the Bet odd on the second bookie.
What he meant is that such circumstances do not exist always.
Visit http://www.mbassist.co.uk/MatchedBets/TopMatches.aspx
That site will always have updated events!
Sometimes you can have 5 events as this available in 1 day and you can make a huge profit.
Sometimes you have to wait 2 weeks or more for the possibility of such an event.
When you find such an event, you will always win, always!
The thing is, they won't exist every single day!
For a lay of odds 4.7, you will need to deposit $370 on betfair and $100 on the other bookie.
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JackSparrow
Elite Member
- Mar 24, 2007
- 1,527
- 2,144
People make mistakes and the bookies change the odds very quickly so sometimes you miss the arbitrage chance, imagine placing 10k down on one betting site and the odds change while you change to the other betting site and the arbitrage profit has been wiped out. You will shit yourself!!
That's why I always say to have everything ready on both sites, have your math double checked, your values inputted, and you click on the submit button at the same time on both sites!
I have done this over 100 times, and have never made a mistake or gone through such situation as you described, I am aware some unfortunate soul can make such mistake, but if you're know what you're doing, it's very unprobable!
Anyway, BetFair is really straight forward in this regard, I'm almost sure that if you submitted a claim immediatily after such mistake, asking for the anulation of your bet (because you made a mistake), they would refund you!
Anyway, in my opinion, this isn't even an issue, since I really can't see this happening.
Also, odds only change considerable during live play, prior to the event actually starts, they will only change very slightly, which makes the possibility of a mistake even more irrelevant!
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behealthy
Registered Member
- Jun 27, 2009
- 71
- 33
Yeah I have a software that finds arbs in horse races...Its funny cos to this day I still havent used it im so busy and distracted by other things but yeah, as long as you have enough capital to start with its virtually risk free and you can make a healthy bit of pocket money indeed
run-forrest-run
Newbie
- Mar 22, 2009
- 18
- 2
When i try to bet 100, it says the liability is 215. I didnt understand this whole thing. There cant be any betting site that would offer 3 against a given outcome. Most of the web sites Team 1 OR Draw is like 1,5 and even less for better teams. So if you put 100 x 2 on the outcome 1 you are still losing.
I'm not understanding what you're saying?