beat the bookies !

Originally posted by Mat Kelley
There is a system called "arbitrage" I think that's how you spell it. I looked into it quite seriously however for the amount of time that one has to invest and the "float" that one needs and the return gained I did not think it worthwhile.

The basic premise is you sign on with many online bookies - and if in europe best to sign on with some from diffe ...[text shortened]... d have just been a tale - however I could nto really see what he had to gain by telling me.

Although this 'appears' to work on paper what actually happens in a lot of the apparant opportunities to do this is that the prices you are reading in the paper that are betting broke by 5% (i.e. the 95% best price book you quoted where you stake £10,000 to win £500) were sent to the sporting papers the day before to meet printing deadlines. These prices were compiled by odds makers that did not have the advantage of seeing their competitors prices at the time of committing to printing deadlines, once printed the first thing the odds maker does is check the market prices to ensure that he has not made a mistake (and about to be called into the boss's office to explain why his odds are out of line with the market). At this point the prices will be adjusted or very low limits enforced to give their regular punters a bet. 'Arbers' are treated like scum and will get nowhere the size of bet that they want, and they know who the arbers are in most cases. Also now that betfair covers a huge range of markets the odds compilers also have betfair to guide them which reduces the amount of books under 100% on an event. Also you have to know what you are doing and ensure that you try and bet the wrong price first, it's no use staking on the correct price first only to find that you cannot get on at the price that was wrong on the other eventuality