Terms & Conditions

Internet Magazine

Non–US new players
Get five 2+2 books


Order Books
Book Translations
Forum Login
 
 
Expand All   Collapse All

 Two Plus Two 
2+2 Magazine Forum
Special Sklansky Forum
2+2 Pokercast
About the Forums

 General Poker Discussion 
Beginners Questions
Books and Publications
Televised Poker
News, Views, and Gossip
Brick and Mortar
Home Poker
Beats, Brags, and Variance
Poker Theory
Poker Legislation

 Coaching/Training 
StoxPoker
DeucesCracked

 German Forums 
Poker Allgemein
Strategie: Holdem NL cash
Strategie: Sonstige
Internet/Online
BBV
Small Talk
German Poker News

 French Forums 
Forum francophone
Strategie
BBV (French)

 Limit Texas Hold'em 
High Stakes Limit
Medium Stakes Limit
Small Stakes Limit
Micro Stakes Limit
Mid-High Short-handed
Small Stakes Shorthanded
Limit––>NL

 PL/NL Texas Hold'em 
High Stakes
Medium Stakes
Small Stakes
Micro Stakes
Small-High Full Ring
Micro Full Ring

 Tournament Poker 
Small Stakes MTT
High Stakes MTT
MTT Community
STT Strategy
Tournament Circuit

 Other Poker 
Omaha/8
Omaha High
Stud
Heads Up Poker
Other Poker Games

 General Gambling 
Probability
Psychology
Sports Betting
Other Gambling Games
Entertainment Betting

 Internet Gambling 
Internet Gambling
Internet Bonuses
Affiliates/RakeBack
Software

 2+2 Communities 
Other Other Topics
The Lounge: Discussion+Review
El Diablo's General Discussion
BBV4Life

 Other Topics 
Golf
Sporting Events
Politics
Business, Finance, and Investing
Travel
Science, Math, and Philosophy
Health and Fitness
Student Life
Puzzles and Other Games
Video Games
Laughs or Links!
Computer Technical Help
Sponsored Support Forums
RakebackNetwork
RakeReduction.com
Other Links
Books
Authors
Abbreviations
Calendar
Order Books
Books by Others
Favorite Links
Feedback
Advertising Information
Home
Posting Hints
Privacy Notice
Forum Archives

The 2+2 Forums

Before using this Forum, please refer to the Terms and Conditions (Last modified: 2/26/2006)

Be sure to read the   Two Plus Two Internet Magazine

This is an archive. The main forums are here

These forums are read only.


 
UBB.threads™ Groupee, Inc.

General Gambling >> Sports Betting

Pages: 1 | 2 | 3 | >> (show all)
jaffa
Pooh-Bah


Reged: 05/15/05
Posts: 1789
Loc: Gloucester, UK
I am a newb: Are these arbs?
      #6740064 - 07/31/06 10:42 AM

I'm just becoming interested in sports betting and have been reading this forum and some other sites and am slowly begining to understand it. It seems to me, that finding arbs/scalps (is there a difference?) is one of the surest ways to guarentee a profit, or at least Break even.

Anyway, just so i know if i'm on the right track, are these two scenarios arbs?

Real Life Example 1

I go onto oddschecker.com and look under tennis. I see that Kenneth Carlsen is playing Danai Udomchoke. I know very little about tennis and nothing about these players, but i see that sportingodds is offering -125 for Carlsen whilst Pinnacle is offering +134 for Udomchoke. Surely i cannot lose if i bet on both of these?

Real Life Example 2

Again on oddschecker i look under boxing, again, i know nothing about boxing. I see that in a fight between Barrera and Juarez i can get -138 for Barrera from Extrabet and +150 on Juarez at Bet365. However they are also offering +1800 on it being a draw. Does the small chance of it being a draw negate the arb possibility? When looking for arbs should i only be looking at sports where it can only be a win/lose situation?

Are these the kind of things you search for? Or are you more often looking for soft lines?

One final question, how do you know when a line is soft? Is that just down to handicapping and knowing the sport/teams.

Thanks in advance.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Ortho
old hand


Reged: 06/20/05
Posts: 1080
Loc: Enfield TA
Re: I am a newb: Are these arbs? [Re: jaffa]
      #6740213 - 07/31/06 10:59 AM

1. Yes, this is an arb. In tennis specifically, but in all sports you must read the rules, however. If Book A says that all wagers stand after the first serve of the match, and Book B says that two sets must be completed for action, you're left holding the bag if one of the players retires with an injury in the first set. Be wary of this and always read the rules.

2. You have to look at the specific sports book on this. If Book A is offering a two-way market, you will usually have a push and get your stake back if it's a draw. If Book B has a 3-way market, you lose if it's a draw. Again, you have to make sure that you have every possible outcome covered. Assuming that these are both 3-way markets, you have +1800 (5.26%), -138 (58%), and +150 (40%). That adds to 98% without the draw, but 103.26% with the draw, so you no longer have a profitable arb because the book you're making to cover all the possibilities is over-round and you will lose money betting on all 3.


Post Extras: Print Post   Remind Me!   Notify Moderator  
CMHPokerMike
journeyman


Reged: 02/23/05
Posts: 89
Re: I am a newb: Are these arbs? [Re: Ortho]
      #6750988 - 08/01/06 01:38 AM

Just curious, are arbs of much value (given the low spread in the example provided) other than as a way of clearing a bonus risk-free? Looks like your optimal situation is about 1.75% profit, or $3.50 on $200 of action.

Or is my whole mindset wrong here and is 1.75% definite profit a goldmine and I just don't get it because I'm doing $5 baseball bets. ;-)


Post Extras: Print Post   Remind Me!   Notify Moderator  
PerformifyModerator
Carpal \'Tunnel


Reged: 08/03/04
Posts: 3847
Loc: Sports Betting forum
Re: I am a newb: Are these arbs? [Re: CMHPokerMike]
      #6751031 - 08/01/06 01:44 AM

1.75% profit per day is a nice chunk of change if you're getting that on an extremely large bankroll, obviously. Unfortunately there are limits that keep us from having too much in play, and there aren't generally big arbs every day either.

Arbs can be profitable for sure outside of just clearing a bonus, but they generally require a lot of work to stay on top of.

in my opinion they should be a part of any sports bettor's toolbox obviously, but its pretty tough to rely just on arbs as a primary means of making money.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Thremp
Carpal \'Tunnel


Reged: 11/27/05
Posts: 10163
Loc: Free Kyleb
Re: I am a newb: Are these arbs? [Re: Performify]
      #6751272 - 08/01/06 02:15 AM

Quote:

in my opinion they should be a part of any sports bettor's toolbox obviously, but its pretty tough to rely just on arbs as a primary means of making money.




This is just jealousy.


Post Extras: Print Post   Remind Me!   Notify Moderator  
PerformifyModerator
Carpal \'Tunnel


Reged: 08/03/04
Posts: 3847
Loc: Sports Betting forum
Re: I am a newb: Are these arbs? [Re: Thremp]
      #6751304 - 08/01/06 02:21 AM



Post Extras: Print Post   Remind Me!   Notify Moderator  
CMHPokerMike
journeyman


Reged: 02/23/05
Posts: 89
Re: I am a newb: Are these arbs? [Re: Performify]
      #6751411 - 08/01/06 02:38 AM

Thanks for the explanation!

Post Extras: Print Post   Remind Me!   Notify Moderator  
Homer
HEDGING IS -EV


Reged: 09/02/02
Posts: 13831
Loc: done
Re: I am a newb: Are these arbs? [Re: CMHPokerMike]
      #6752556 - 08/01/06 07:39 AM

Quote:

Just curious, are arbs of much value (given the low spread in the example provided) other than as a way of clearing a bonus risk-free? Looks like your optimal situation is about 1.75% profit, or $3.50 on $200 of action.




Why stop at $200 of action?

Arbs can be very profitable, bonuses or no bonuses. But it is very time-consuming and I imagine would be a very frustrating/boring way for most people to make a living.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Thremp
Carpal \'Tunnel


Reged: 11/27/05
Posts: 10163
Loc: Free Kyleb
Re: I am a newb: Are these arbs? [Re: Homer]
      #6753376 - 08/01/06 10:12 AM

If you wanna become a trader where they lock you in a room with a computer and let you trade for 8 hours in a dungeon. Arbing might be a great way to see if you like it.

Post Extras: Print Post   Remind Me!   Notify Moderator  
ItalianFX
Carpal \'Tunnel


Reged: 11/13/05
Posts: 4808
Loc: 3 Weeks to Freedom
Re: I am a newb: Are these arbs? [Re: Thremp]
      #6758466 - 08/01/06 05:01 PM

Is this an arb here:

Pinnacle has Detroit Tigers at -218
Bowmans.com has the Devil Rays at +220


Post Extras: Print Post   Remind Me!   Notify Moderator  
Pages: 1 | 2 | 3 | >> (show all)



Extra information
0 registered and 10 anonymous users are browsing this forum.

Moderator:  Performify, Mike Haven 

Print Topic

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is disabled
      UBBCode is enabled

Rating:
Topic views: 2804

Rate this topic

Jump to

contact us 2+2 Publishing

Powered by UBB.threads™ 6.5.5


Message Boards and Forums Directory

Pages provided by ConJelCo