Comments on: Are arbitrage services really a 100% risk-free method of making money? http://www.greyhoundlayprofits.co.uk/blog/are-arbitrage-services-really-a-100-risk-free-method-of-making-money Tips, techniques & advice to help you make tax-free money from Betfair (Follow me on Twitter @GreyhoundLays} Sun, 01 May 2011 08:03:18 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Chris http://www.greyhoundlayprofits.co.uk/blog/are-arbitrage-services-really-a-100-risk-free-method-of-making-money/comment-page-1#comment-149 Chris Fri, 21 May 2010 04:59:13 +0000 http://www.greyhoundlayprofits.co.uk/blog/?p=1011#comment-149 Thanks for your personal experience, gassygreg. It does go to show that arbs are not "100% risk-free". I've had a couple of emails from people who have experienced problems of getting all of their bets placed. Arbing can work but using a commercial service for your arbs does mean that there will be a whole load of people all trying to get the same bets matched. This alerts bookmakers who - as people have found out - either quickly alter their odds, or refuse to accept the bet. The best way of finding arbs is to do it yourself. This can be tricky and time-consuming. Chris Thanks for your personal experience, gassygreg. It does go to show that arbs are not “100% risk-free”. I’ve had a couple of emails from people who have experienced problems of getting all of their bets placed.
Arbing can work but using a commercial service for your arbs does mean that there will be a whole load of people all trying to get the same bets matched. This alerts bookmakers who – as people have found out – either quickly alter their odds, or refuse to accept the bet. The best way of finding arbs is to do it yourself. This can be tricky and time-consuming. Chris

]]> By: gassygreg http://www.greyhoundlayprofits.co.uk/blog/are-arbitrage-services-really-a-100-risk-free-method-of-making-money/comment-page-1#comment-147 gassygreg Thu, 20 May 2010 18:05:38 +0000 http://www.greyhoundlayprofits.co.uk/blog/?p=1011#comment-147 Hi all, After my experience of arbs last year I feel i need to comment on this subject, I signed up to ucantlose and followed their instructions as per the site opening up accounts with bookmakers all over europe, very time consuming. you get an e-mail and text when an arb is available but you must be at you computer because they will only last minutes, thats the upside, The downsides and this is my experience, On one occasion I placed an arb on an ice hockey match two sides of the arb were with ladbrokes and one with sporting bet, i placed the bet with sporingbet first, then the two bets with ladbrokes, as it was my firsrt bet with sportingbet after placing the bets I went back into the site to have a look around, I had placed a bet of £300 odd pounds on this side of the arb but noticed it had been returned to my balance in my account, I phoned sportingbet and they informed my that the price was inverted and that they were returning my stake because they had priced it wrong, I stated that they had accepted my bet an d should honour the original transaction, no chance, I spoke to the manager of sportingbet but they would not honour the bet, so I had £700 outlayed on only 2 of the 3 possible outcomes and checked all the other bookmakers to see if i could still make a profit. no, I reported sportingbet to IBAS stating that on ce a bet was taken it should be honoured and that if that had happened on course would a bookmaker be chasing a punter around epsom trying to give him his money back because he priced it wrong or refusing to pay him out if the horse won anarchy would prevail. IBAS wrote back stating that sportingbet were within there rights to cancel the bet so in my experience arbs are riskier the gambling, Hi all, After my experience of arbs last year I feel i need to comment on this subject,
I signed up to ucantlose and followed their instructions as per the site opening up accounts with bookmakers all over europe, very time consuming. you get an e-mail and text when an arb is available but you must be at you computer because they will only last minutes, thats the upside, The downsides and this is my experience, On one occasion I placed an arb on an ice hockey match two sides of the arb were with ladbrokes and one with sporting bet, i placed the bet with sporingbet first, then the two bets with ladbrokes, as it was my firsrt bet with sportingbet after placing the bets I went back into the site to have a look around, I had placed a bet of £300 odd pounds on this side of the arb but noticed it had been returned to my balance in my account, I phoned sportingbet and they informed my that the price was inverted and that they were returning my stake because they had priced it wrong, I stated that they had accepted my bet an d should honour the original transaction, no chance, I spoke to the manager of sportingbet but they would not honour the bet, so I had £700 outlayed on only 2 of the 3 possible outcomes and checked all the other bookmakers to see if i could still make a profit. no, I reported sportingbet to IBAS stating that on ce a bet was taken it should be honoured and that if that had happened on course would a bookmaker be chasing a punter around epsom trying to give him his money back because he priced it wrong or refusing to pay him out if the horse won anarchy would prevail. IBAS wrote back stating that sportingbet were within there rights to cancel the bet so in my experience arbs are riskier the gambling,

]]> By: HorstRadisch http://www.greyhoundlayprofits.co.uk/blog/are-arbitrage-services-really-a-100-risk-free-method-of-making-money/comment-page-1#comment-146 HorstRadisch Thu, 20 May 2010 12:36:01 +0000 http://www.greyhoundlayprofits.co.uk/blog/?p=1011#comment-146 My experience was that the windows of opportunity rarely lasted more than a few minutes. Then, if you've already placed bets one and two (say), you have the choice of trying to lay them off for a small loss or hoping the odds on the third option move back in your favour. If they don't, and you end up putting the third bet on for the least worst result, you can have the joy of watching (say) a football match knowing whatever the outcome you will lose a small amount of money. To put it mildly, I didn't find that improved the enjoyment, which was why I stopped. That was several years ago, however. Maybe things have got better? Good luck to anyone who tries it. I would be interested to know why the bookies don't like people arbing. Whilst I don't doubt it is true, I can't for the life of me think why. Anyone got any ideas? My experience was that the windows of opportunity rarely lasted more than a few minutes. Then, if you’ve already placed bets one and two (say), you have the choice of trying to lay them off for a small loss or hoping the odds on the third option move back in your favour. If they don’t, and you end up putting the third bet on for the least worst result, you can have the joy of watching (say) a football match knowing whatever the outcome you will lose a small amount of money. To put it mildly, I didn’t find that improved the enjoyment, which was why I stopped.

That was several years ago, however. Maybe things have got better? Good luck to anyone who tries it.

I would be interested to know why the bookies don’t like people arbing. Whilst I don’t doubt it is true, I can’t for the life of me think why. Anyone got any ideas?

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