PC reduction , lose on betfair , win on betdaq

[kdfg]

hello all

i am currently paying the PC charge . i have set up a betdaq account and was wondering what would be the best strategy to lose on betfair but win on betdaq , to minimize PC charge .

i dont mind losing a few % either way but the 20% is ruining profits as some weeks i lose vast ammounts .

any suggestion very welcome via here or Private Messages .

i will send the best suggestion a few quid as a thank you once up and running

thank you

[U.F.O]

If you can work out a way of only winning on Betdaq then why not just do that in the first place

I really don't know, it's not a very easy thing to pull off at all.
I end up just paying it tbh, i do use betdaq alot more now though.

[doris_day]

I used to be a lot more active on Betdaq until a friend who worked there told me about some customers with what they called 'lightweight' accounts.

These accounts could place bets in-play with no delay. As all my betting was in-play those days I stopped using them. I don't know if Betfair have 'lightweight' accounts, though I do know some very dodgy stuff goes on there.

[kdfg]

UFO

my thoughts were to back a no hoper on betfair but to lay it on betdaq .

[Dai_Young]

Unfortunately 'no-hopers' sometime win. If by some chance you knew of a genuine 100% certain loser - why bother backing it on betfair?

[U.F.O]

Exactly, if you can identify no hopers, then why not just do that in the first place on betdaq and pay 3% commission.

If You were not very careful you could make the situation much much worst for yourself if you have a few big winns on the Betfair side by accident you end up paying even more.

[alrodopial]

hello all

i am currently paying the PC charge . i have set up a betdaq account and was wondering what would be the best strategy to lose on betfair but win on betdaq , to minimize PC charge .

i dont mind losing a few % either way but the 20% is ruining profits as some weeks i lose vast ammounts .

any suggestion very welcome via here or Private Messages .

i will send the best suggestion a few quid as a thank you once up and running

thank you

martingale

[U.F.O]

Same as normal martingale,
If you've got unlimited funds and can always get matched on both sides it will work

[jokerjoe]

Don't forget you're also paying the spread if taking the best back and lay.

[kdfg]

UFO , that's what i was worried about , just thught someone might have known a better way

[llama]

As already mentioned above, you CANNOT "Arbitrage" between Betfair and Betdaq, but you can Arbitrage between Betfair and Betfair.....

e.g. At the moment you can BACK in the Cricket (Australian Wallet)....

Series Score of 0-0 @ 3.35 and SIMULTANEOUSLY LAY the 3rd Test NZ/England DRAW @ 3.30.

Although, in isolation, you will lose money over the two trades, the amount you lose will be MORE than compensated by the PC that you will save.

If your Commission rate is <3.0%, then you can even Back and Lay at identical prices and you will show a nett positive return.

Basically, you just need to find TWO different Markets on Betfair that are effectively the same thing.

Another good one, in-running is the Under 2.5 Goals Market in Football when the score is say, 1-1 this market is effectively the same as the "Next Goal Market"......

[doris_day]

Of course you can arb between Betfair and Betdaq though I doubt you'll find many opportunities because of the way Betdaq works. Many of the prices are simply seeded and the prices taken from Betfair (usually minus a tick or two).

Cross-market arbs, like those suggested by the previous poster is yet another way to do it but who would want to spend the time looking for opportunities ? If you're really serious you need to think about automating your method which is fairly straightforward. If this isn't something you can do yourself I can suggest one very good coder on here that could knock you out something as long as you think about exactly what you want it to do.

[kdfg]

thank you for the advice llama and doris , it's been very helpful.

i dont mind arbing between the 2 and losing a bit on the arb , because i need to reduce my p+l to reduce PC and to try and avoid getting near the 40-60% pc as it is possible i might get near to paying that in the next 2 years or so ( i know its a long way off but it's best to look forward ) , i am just unsure as to the best way to try and lose on betfair and win on betdaq , at the moment most of my bets are in running so it hard to do the opposite of what i do between betdaq and betfair .

llama or anyone else , if i backed under 2.5 goals and layed 1-1 draw to generate commission , would betfair be ok with this , is generating commission on these types of trades ok or has any had a warning over doing such things ?
also how does the commission generated to profit earned on the bets work out ?

thanks doris , i may well take you up on that .

[llama]

Hi kdfg,

I see where you are coming from now......

I am in a slighly different position to you......

I am on 40% PC and therefore my objective is to reduce the amount of my weekly PC, so I have to be very selective on my arbs, baically the BACK and LAY prices must at least be equal for me to show a nett profit.

However, if you are just trying to slow down your route to a 40% PC environment, then you can afford to be more aggressive in your approach.

Quite a while ago I spoke to my Accounts Manager about this and his view was that Betfair are ok about it, since I am generating Commission for them, albeit Real or Implied.

But at the end of the day, it is very time consuming, however, my motivation is to try and minimize the payment of a very "Depressing" tax......

Just one note on the Under 2.5 Goals/1-1 Draw scenario......Now that we seem to have a 8 or 9 second delay on every football match the risk of the prices moving in that time frame has certainly increased......

[negapo]

OverUnder 0.5
Correct Score 0-0
Next Goal (No Goal)
Total Goals (One Goal or More)

Just an example of some simple equivalent markets that you can use.