I'm shocked that these arb threads are still going. - Page 7

NajdorfDefense · #61 11-09-2006, 01:15 PM

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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.

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Exactly. Greedy bastards are jealous that some people like to share info.

And since NONE of us can have perfect, complete info, the goal should be to share once you've maxed out your portion. You think this is the only betting forum in the world? You don't think people in other countries in dozens of other places and on IM are doing the same thing?

Tell ya what, make the rest of the world stop sharing info, and I certainly will. But I get the feeling that you guys DO share with your friends, and vice-versa, so you come off like a bunch of whiny hypocrites.

Grasshopp3r · #62 11-09-2006, 01:33 PM

The profit on an arb only comes out of a books' pocket if 1) they are not matching their bets, and 2) your arb pays on their side. The other book benefits. Remember, it is not a zero sum business to the books. It is a worse than zero sum business to all of us collectively, but not individually.

Homer · #63 11-09-2006, 01:44 PM

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Did I understand the other comments correctly to mean that you offer a commercial service based around arbitrage betting? No wonder you wish threads like these would die!

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Way to be a dick and assume you know my motives.

beetman · #64 11-09-2006, 01:45 PM

You think the people suggesting you not post arbs are greedy bastards; I think the vast majority of people posting to this board are rank amateurs, which is why most of the threads involve arbing $550 SIA lines, basic strategy teasers, and how to hedge the last leg of your parlay. To each his own.

Homer · #65 11-09-2006, 01:50 PM

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I think the vast majority of people posting to this board are rank amateurs

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Then why are you concerned? I'm sure you're finding plenty of n-way arbs and time-based arbs (leads/buybacks) that have no chance of being posted here.

Homer · #66 11-09-2006, 01:54 PM

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But I get the feeling that you guys DO share with your friends, and vice-versa, so you come off like a bunch of whiny hypocrites.

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I am 100% sure that OP shares arbs with a select group of friends. I am also confident that he had no problem with information being shared when he was new to arbing.

thing85 · #67 11-09-2006, 01:57 PM

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I am also confident that he had no problem with information being shared when he was new to arbing.

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This was my point exactly.

Thremp · #68 11-09-2006, 02:06 PM

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You think the people suggesting you not post arbs are greedy bastards; I think the vast majority of people posting to this board are rank amateurs, which is why most of the threads involve arbing $550 SIA lines, basic strategy teasers, and how to hedge the last leg of your parlay. To each his own.

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Aside: I am fairly new at this. I'd like to think I'm doing fairly well at sportsbetting as I've been able to make some picks with well identifiable edges and stand to make a decent sum of dollars (well enough to support myself ATM). Sportsbetting is zero sum and for that reason great handicappers etc obviously don't post their models picks etc. before they get sufficient action on them themselves. If it is a structural error they are taking advantage of (correlated parlays etc) then they will not share the structure of it, unless they want to help someone else out. This board has a number of excellent sports bettors who may or may not share their methods and picks on occasion which is no different from taking the money from a sportsbook in a different way. Yes, Pinny makes more money off an arb than the arber does but it allows individuals to leverage more of their funds on an arb than they normally would be able too. I have no fear putting 100% of my bankroll on a solid arb, whereas I could bet errant lines with a 2% of my bankroll. This allows me to earn more money quicker at a risk of closing down some of my square books sooner. The fact of the matter is that there are hundreds of books and one going under doesn't really matter a ton to most people. WWTS is down and everyone wants their money, but people are making it through the day.

beetman,
All +EV information in a zero sum game (poker, sports, casino) will directly hurt people already in the game. I suggest you read HSNL and look at the information that is withheld there. If you try to discuss advanced topics that are mentioned in HSNL and no one posts about in detail... well no one will discuss them with you. This forum is similar. If I make a post discussing how to design a systematic baseball model using various metrics. I will likely not expect mrbaseball to e-mail me a copy of his model and wish me luck. But if I wanna discuss a specific instance of matchups or pitchers progressing or regressing (akin to a single hand) everyone will be happy to chime in.

For the life of me I can't get why you bitch about people sharing arbs at well known square books. Most of these places have been arbed for years and will be arbed for years. Most have excellent financials and are well regarded. FFS do you not wanna share information? You don't have to post.

There's hundred of thousands of dollars of EV available to each person if not millions and you're gonna bitch about someone sharing $5.50 of it publicly?

ShipDaChedda · #69 11-09-2006, 02:06 PM

couldn't the same be true about helping eachother get better at poker?

I look at sharing info on arbs, and helping eachother to get better at poker to be +EV for both.

B00T · #70 11-09-2006, 02:24 PM

I don't see why you are so concerned with people posting SIA lines. Anyone who ever logged onto SIA's book with half a brain would realize they have lines that are out of wack.

I don't see many arbs (if any) posted that have any real value. Do you remember when the first arb threads came and I bitched about how it's a waste to post 0c and 2c arbs involving SIA? Guess what, I got ridiculed for it. The stuff that is posted is nowhere near the magnitude of people getting their big juicy secrets ruined. Could it lead to it? Yes! I don't see Homer or playersare posting any big arbs where secrets are getting out. It's your so called "rank amateurs" posting stuff with bodog square lines.

You don't think Homer, Thremp, and others keep the bigger stuff non-public? If every single tiny secret was blown wide-open I would understand the outcry. That is NOT the case here.

Some people need to realize that others are more open to helping people and being kind-hearted, that may be worth more than the $500 that posting stuff may hurt them in the long run. New people do get educated, yes, but it is the same as poker. If someone wanted to get educated on the topic, a simple google search, or anything relevant would lead people to what actually goes on.

OP has people he talks to. I have people I talk to that aren't on these boards. I know for 100% fact Homer doesn't post everything he knows here. The fact of the matter is all the dissension revolves around how much should people help others.

People can argue you should only help someone in 25% capacity whereas someone else would offer at 75% capacity is ok. How can anyone determine who is right or wrong?