Mandy asks…
Can you make yourself your own arbitrage betting in betfair?
So…simply put if someone offers 2 as a bet – then will betfair allow me to specify my own opposing bt of 2.1?
I didn’t mean laying…and what if the first bet is already present? Anyway, thanks for the answer John.
Chris answers:
Sometimes on Betfair the entire book goes to under 100% so you should be able to back and lay or lay all events to make a profit. I took a trial of a piece of software called Bet Angel once which will look for these events and automatically place bets on the market you choose but I got carried away with some of its other functions and lost money but that particular arbitrage function did OK. The only downside is of course other people also have the software and the chance to make money only really exists for half a second or so so you can’t really do it without some help.
Joseph asks…
What is the difference between spread betting and arbitrage?
Looking for a more detailed ‘betting for dummies’ type of answer, please.
Chris answers:
Spread betting is not betting on a simple outcome, a win or a loss, but the degree/margin of the result. Thus you are not content to say that team A will beat team B but that it will do so by more than one point and you would win more if the result were more in your favour but lose more if it went the other way. Sometimes then it is an open ended bet at one end because in theory there is no limit to how many points might be scored although there is a limit at the other end, nought.
Arbitrage arises when your bet looks to be on the way to being successful and you sell your position to someone else for a profit rather than see out the result to a finish – example, if prices are going up, buy at 10 and sell at 12 or if going down sell at 12 then buy at 10.
Daniel asks…
Is arbitrage betting considered gambling?
Is it gambling even though you can lock in a ‘risk free profit’?
Chris answers:
No, arbitrage means taking advantage of market conditions and making money out of it… E.g. You see something for sale for 5 pounds when you know it is worth 10, so you buy it and resell it, pocketing the difference… This also applies to stocks etc… Gambling is just risking your money in a game of chance… Arbitrage involves little or no risk…
Ruth asks…
Has anyone had success with arbitrage betting? Can you recommend a good arb service that finds arbs?
Chris answers:
Most arb opportunities don’t last very long. The guys that make the most money are using bots but they won’t sell them. In the arb game information is power and you won’t find anyone willing to share it. Unless the information is useless.
Jenny asks…
Is sports arbitrage betting really 100% risk free DOUBLE PROFIT EVERY MONTH?
I have heard if done and researched well, theres a minimum arb of 3-4% everyday, so that is profit of 3-4% everyday !!!
Also what is th maximum amount i can bet, means what is th maximum amount a bookie can take, MAAAAAAAXIMUM
wud appreciate if an xperienced bookie answers tht
Chris answers:
The whole point about gambling is it is NEVER 100% risk free. If it were, it would no longer be gambling.
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