I'm shocked that these arb threads are still going.

[Thremp]

I think the EV I've generated from sharing arbs plus the fact that I'm kinda "giving back" to other people since sportsbetting in and of itself really presents no redeeming value to society is enough for me to do it. This is more of a SMP topic, but I don't really see any reason not to help someone else out after you take your own slice of the pie.

There are some instances where I don't share arbs, but for widely available and popular sites... Why wouldn't you?

[beetman]

If sharing costs you money, how is that different than sharing your money with somebody else? Money not gained is the same as money lost.

Encouraging people to pound soft lines for the max limit from specific "square" books will cost you money in the long run, either because the book will tighten up their lines, or the book will go under.

Since this is a poker board, I assume that everyone who's "pro-sharing" in this thread is quick to offer advice to their poor playing opponents, right? You tell them about good books, good internet resources, and the like, and take time out of your day to help them improve their game?

[chachi]

[ QUOTE ]


People shared casino whoring information and they'll share this information.

[/ QUOTE ]

Yes, people shared casino information, and what happened?

The bonuses tighted up and/or disappeared as did several sites.

When is the last time you saw a 5X WR casable casino bonus with a 100% match to $300-500 and all games were allowed from a reputable book? A couple of years ago these were common.

Also, if you don't rememeber the how the Zoo killed Captian Cooks (and the rest of its group) a few years ago, you should do a search. Someone shared bonus info with the zoo. The zoo attacked it, and the group took such a beating that it had to sell. In the process, many zoo memebers had their accounts locked and funds held (or worse) for several months.

A similar thing happened with the zoo attacked the MainStreet Group. Great bonuses (including regular reloads) across the whole group are now gone.

Casino whores took money out of the pockets of the casinos. The casinos reacted by reducing EV of their promos and/or by closing up shop. The same thing will happen (and is happening) to sportsbooks.

Anyone remember when Bodog's bonus was 20% on all deposits (with better clearance rates than now)? It wasn't all that long ago.

Or when VIP offered 20% on all depsoits and they were not as quick to cut limits? And when there were more VIP skins, all of which offered the same reloads? That wasn't too long ago either.

I've put in my 2 cents. I'm done with this thread. I am surprsed that so many people attacked me for saying I was shociked the threads were still going on. I didn't call anyone names. Rather I just offered a different point of view that is diffent that that of most people here.

[thing85]

In response to the casino whoring example, it all depends on what side you're on. I was someone who wasn't aware of several bonuses, so without sharing, I would've gained nothing. Because those with information shared it, not only did I get in on some great casino whoring, but it opened my eyes up to future opportunities, even if they were drying up.

It's easy for someone who's already in on it to get angry about MORE people getting in on it. But when you're on the other side, you benefit greatly by the sharing of information.

Maybe you're a know-it-all and this doesn't apply to you, but many people here would never be where they are now if others hadn't shared information with them. I agree that sharing information DOES hurt future opportunity, but when you look in the grand scheme of things, I think you'll see that the net benefit to each person is a gain from information shared. For every person who found information completely on their own, there are probably dozens (this may be an underestimate) of people who have seen a net benefit from information shared.

I'm on the "giving back to the community" side of things. I have mooched off of others' information and I'm willing to allow others to do the same off of me. I realize that this does hurt my future opportunity, but again, if others' hadn't hurt THEIR future opportunity, I wouldn't be where I am either.

And no, I'm not a communist.

[Zag Nutz]

I don't think that the casino whoring example correlates very well to arbs. A juicy bonus at a casino is very static and is going to be very -EV for the casino if a bunch of educated whores slam the casino.

A sportsbook's lines however should be dynamic and the spread and moneyline will shift to attract bets to balance the money on both sides of a game. And there's no guarantee that what you view as a weak line may actually win. I just don't see any of the larger books getting too worried about arbs, or it ultimately impacting a small bettor.

[beetman]

You can help people without giving away the candy store. And in a lot of these arb threads, people aren't even really being "helped" because for the most part, they're being encouraged to arb a soft line at a low-limit square book with a Pinnacle line. In that case, Pinnacle benefits more than anybody else.

What happens if you win a bunch of arbs at the low-limit square book and then you can't get paid by that book? I could have posted tons of baseball arbs this summer using the square line from BetOnSports and their affiliate books. Who would that have helped?

This stuff isn't limited to arbs, either. One example is that many books over the year have gone belly up by allowing you to buy on and off the NFL 3 for 10 cents. The word gets out, people flock there to bet middles and arbs, and enough of those hit and the book goes under.

[thing85]

[ QUOTE ]
You can help people without giving away the candy store. And in a lot of these arb threads, people aren't even really being "helped" because for the most part, they're being encouraged to arb a soft line at a low-limit square book with a Pinnacle line. In that case, Pinnacle benefits more than anybody else.

What happens if you win a bunch of arbs at the low-limit square book and then you can't get paid by that book? I could have posted tons of baseball arbs this summer using the square line from BetOnSports and their affiliate books. Who would that have helped?

This stuff isn't limited to arbs, either. One example is that many books over the year have gone belly up by allowing you to buy on and off the NFL 3 for 10 cents. The word gets out, people flock there to bet middles and arbs, and enough of those hit and the book goes under.

[/ QUOTE ]

What happens if you buy a company's stock and it goes under? I realize it's not a great analogy, but you're just pointing out the fact that risk exists when placing wagers on sports books. That risk is inherent when you put money on ANY gambling site. We've seen several go under regardless of whether or not people have been paid. Hell, even with a transfer of ownership (BetWWTS) people are unsure about when/if they're going to see their funds.

Your fear is unreasonable. If a site offers soft lines, they KNOW that people will exploit it. If we know it and we're not even in the business, they sure as hell better know it. If not, they deserve to go under. These books that go under due to exploitation of soft lines are in the minority. I would think it would be more likely that a site would adjust (either give certain bettors sharp lines or do away with soft lines altogether) than just close up shop.

You're suggesting that by posting a few arbs here and there on this forum, we're going to take down entire sports books. That's a stretch. Yeah, it's a possibility, but a remote one at that.

[silentbob]

[ QUOTE ]
I'm on the "giving back to the community" side of things. I have mooched off of others' information and I'm willing to allow others to do the same off of me. I realize that this does hurt my future opportunity, but again, if others' hadn't hurt THEIR future opportunity, I wouldn't be where I am either.

[/ QUOTE ]

[WaimanaloSlim]

[ QUOTE ]
...is going to be very -EV for the casino if a bunch of educated whores slam the casino.

[/ QUOTE ]

I enjoyed reading that particular combination of words.

[NajdorfDefense]

[ QUOTE ]
CLIFF NOTES

Blah blah blah whine whine whine...I'm stupid and greedy and you people who aren't are idiots and don't realize that more new bettors creates a bigger pie for everyone, more books, and more bad lines.

[/ QUOTE ]

QFT