Arbitrage

[whymejimmy]

Hi Guys, excuse the stupid question, but is there any way to create an arbitrage through single click betting in BA - so if I select to bet $5 back, then it works out the lay bet and automatically places this for me? Many thanks...

[osknows]

My understanding of arbitrage is that you place a position in one market/company and offset in another. This isn't currently possible with BA without using Excel.

However, standard offset in the same market is easy. If you place a $5 BACK position then you can specify an offset (tick or %) with/without stop loss to trigger the LAY with various options on level profit etc

[Ian]

Arbitrage is where you place and match the bets at the same time (with no risk) - using offsets etc. would be trading as it carries the risk that the offset may never be matched.

[citroen999]

slightly incorrect...

an abritrage is a bet between 2 bookmakers not a lay and back bet on the same player/team within betfair and also its not and inplay bet so a true arbitrage you will always get matched as the bets are placed on odds available at the time

lets says feder is 1.5 win with ladbrokes and you can lay on betfair at 1.45 - you have an arb of sorts

now arbs are very hard to find, you wont stumble across them.You can join arb finding services but they give you the arb after they have got there bets on and also arbs dont last long as soon as money starts piling in ladbrokes will change their price...

also you get 1 bet on with ladbrokes and william hill then changes.. so you miss it

also tennis, different bookmakers have different rules for retirement

but a true arb is this:

Igor Andreev Bookmaker: Pinnacle Odds: 3.360 Stake: £472 PossibleWinnings: £1585.92

Richard Gasquet Bookmaker: Ladbrokes Odds: 3.000 Stake: £528
Possible Winnings: £1584.00

A correctly staked investment of £1000 guarantees a return of £1584 whatever the outcome of the match.
That's £584 profit due to discrepancies in the bookmakers' odds guaranteeing a 58.49% profit on your investment!

The above information tells us that Igor Andreev and Richard Gasquet are competing in a Tennis Match. It also tells us that Pinnacle Sports have odds of 3.360 for Igor Andreev to win the match, and Ladbrokes have odds of 3.000 for Richard Gasquet to win the match.

By applying a simple mathematical formula to those odds, we are able to calculate that we can cover both possible outcomes of the bet and make a guaranteed 58.49% return on our investment.

We would invest our money in proportion to the odds on each possibility. The amount to invest on each outcome is calculated using another simple formula. £472 invested on Igor Andreev returns £1585.92 and £528 invested on Richard Gasquet returns £1584.00.

£472 x 3.360 = £1585.92
£528 x 3.000 = £1584.00

Risk Free Profit = £584

[doris_day]

citroen, if you found an arb like that, although your maths is correct, it would inevitably turn out to be a very bad bet because one of the odds quoted would be a 'palpable error' and be rejected.

Arbs are still out there and can be found though the biggest issue is keeping accounts going because most books that show arbs limit you to very small sums extremely quickly.

I've been associated with RebelBetting for a couple of years and can highly recommend their software. There'll be a very interesting upgrade soon which will include UK horse racing

[Ian]

That's a cracker. citreoen. Not only is it a clear palp but the rules are different between the two books - Pinny one set & Laddies one ball. And you said my reply was slightly incorrect !!

[citroen999]

yeah i know.. it was an example...

thats why arbing aint worth a w@nk in my view

retirements, palps, stupid bonus playthroughs, account suspensions, bet limiting etc are all too much of ball ache... tried it for about 3 months made few quid but a proper ball ache

wasnt calling you an idiot or anything so dont get upset i just thought your desciption was a bit unclear for people less clever than you.. like me