Yet another “must have” gambling product has been released with the usual unbelievable claims about how good it is.

This time the main claim is :

Cambridge Maths Geeks Show You How To Tap The Secret Full-Time Income The Bookies Hoped You’d Never Discover!

The sales pitch follows the usual pattern of claiming that the author of the system – Chris Fenton (why are so many people with betting/tipping systems called Chris?) – who claims to have found the “secret” of making easy money from Betfair.

Claims about the money that Chris is making every day are made together with “proof” that consists solely of Betfair profit & loss screenshots. As you should all know by now, these are very easy to fake.

Chris claims that only hois system is the one that really works – and that all other systems you might have bought in the past were rubbish. We hear this time-and-time again, yet gullible punters still fall for the sales hype.

If anyone does buy this system, please do leave a comment telling us how you get on with it.

If you don’t buy, then don’t worry – there’ll be another similar system along soon.

Here’s the link to the website if you really eant to check it out

Betting Unleashed

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Other websites are reporting that Betting Unleashed is a definite scam – the screenshots are fake (as I suspected).

My advice is to avoid this like the plague!

I have been asked by a couple of people recently what my views are about using arbitrage to make money from betting. For those of you that don’t know, arbitrage (also known as ‘arbs’ or ‘arbing’) is when the odds offered by different bookmakers are such that you can make a profit by betting on ALL possible outcomes of a sporting event.

Finding such arbitrage opportunities can be quite difficult and that is why there are companies that specialise in searching for arb opportunities. One such company is UcantLose and you can see a typical arb example at:

http://www.ucantlose.co.uk/html/howarbswork.html

So – are arbs a 100% risk-free method of making money from betting?

The answer is – yes and no!

Whilst it is totally correct that arb situations do occur very frequently every day, there are a few factors that you need to bear in mind before you decide whether arbing is for you.

1) Arbs usually involve 2 or 3 bookmakers and possibly betting exchanges providing the odds for the sporting event. So – before you place any bets, you need to have opened multiple accounts with a wide range of bookmakers. Whilst this can easily be done, you should bear in mind that you will need to have funds in the accounts to be able to get your bets placed as quickly as possible adfter an arb has been identified and reported to you. That is because….

2) Arbs do not last for very long (usually). For some strange reason, bookmakers do not like people who arb. Consequently, they do monitor their competitors odds and, if they spot an arb situation that involves them, they rapidly alter the odds to close the arb opportunity. This means that you must get all 2 or 3 bets placed as quickly as possible – because you might find after placing your first bet that the odds for the 2nd bet have moved against you and there is no longer any profit to be made from arbitrage. You then either have to accept the new odds on offer (and risk a potential loss) or place a lay on your first bet to cancel it out (hopefully with zero, or at least a very small, loss)

3) The percentage profit available from an arb varies greatly. The example on the UCantLose website shows a return-on-investment of 24.32%. This is quite high for an arb – most are down below 10%. This does mean that to make a large amount of money per arb, you need to have a large betting bank. Of course, if you are happy to build up a small bank (say £100) by making just a few pounds per arb then you can take that approach.

4) Another problem with placing bets for arbitrage is that the bet amounts are usually ‘odd’. For example, you might be dividing a £100 bank into 3 bets for £36-77p, £42-56p and £20-67p. This sort of staking is a sure sign to a bookmaker that you are arbing. This can lead to the final problem….

5) A bookmaker can either refuse to accept your bet, or he may decide to only accept part of it. This can – and does – happen.

From the above, you will appreciate that arbing is not 100% risk-free. If you can get your bets placed for the right amount at the right odds, then the result is 100% certain.

I must admit that there are plenty of people who claim to be making a good living solely from arbing, so maybe I am being too pessimistic with my reservations. I have certainly found the odd arb myself on Betfair and have profited from it in the past.

If you want more info about arbing and maybe sign-up for a trial of arb opportunities to see what they are like, then go to:

UCantLose.co.uk

You can also sign-up for a free newsletter.

Chris

One of my subscribers to the Greyhound Lays service – Paul – has recently started a blog that you should find interesting.

He records every day the bets that he has placed (usually with screen shots from the BetBotPro software that he is using) and records the profit or loss that he makes. So far he has grown an initial betting bank of £1000 to just over £1600 since March 2010.

Paul finds that keeping a daily public record of his betting activities keeps his betting disciplined.

If you want to see how successful our betting techniques & strategies are, then read the ‘Betfair Mutt Layer’ blog. You can find it at:

http://greyhoundlays.blogspot.com/

Chris

http://www.buyprovillusnow.net