Arbitrage in other words

It's unlikely to occur very often with the usual bookies, but I can imagine that by comparing, say, football odds with a UK bookie against odds with a European bookie might throw up the occasional anomaly, although with international prices available at the touch of button, it's doubtful whether that occurs with any profitable frequency. I imagine the betting exchanges offer more opportunities because there's a lot of amatures laying odds that don't have the resources and know-how of the bookies. As SuperYellows points out though, it's doubtful whether you can every really make that much and whether any profit outweighs the cost in time and effort.

An ex-colleague of mine had the notion to write an arbitrage seeker application that would trawl prices and flag any arbitrages. So far as I know he's still doing his day job ...

Posted By: BerlinCanary on March 16th 2006 at 00:32:31

Message Thread

FAO scc (Betting) - Small, Mar 15, 23:09:40
- just play poker (Betting) - SCC 26, Mar 16, 00:25:33
  - It's so bloody boring... (Betting) - Small, Mar 16, 00:30:01
    - lol (Betting) - SCC 26, Mar 16, 00:33:04
- that would be bollocks lol (n/m) (Betting) - SCC 26, Mar 15, 23:44:09
  - wtf! (Betting) - SCC 26, Mar 15, 23:48:40
  - Please expand... (Betting) - Small, Mar 15, 23:46:06
    - you would never get 3% on an arbitrage let alone 8% (Betting) - Super Yellows, Mar 15, 23:49:40
      - Which was why i was asking for your opinion... (Betting) - Small, Mar 16, 00:02:52
        
        that was mainly to scc btw (n/m) (Betting) - Small, Mar 16, 00:04:23
        
        what is the system!!!!!!!!!!! (n/m) (Betting) - SCC 26, Mar 16, 00:05:21
        
        I imagine it involves searching for abitrage opportunities (Betting) - BerlinCanary, Mar 16, 00:17:02
        
        when people think it will shortly be in the money! duh! (n/m) (Betting) - fal5taff, Mar 16, 06:10:35
        
        Duh (Betting) - BerlinCanary, Mar 16, 07:16:06
        
        I'm not going to tell you... (Betting) - Small, Mar 16, 00:11:58
        
        lol (n/m) (Betting) - SCC 26, Mar 16, 00:21:06
        
        There is no such thing as a bet that cant lose (n/m) (Betting) - conker, Mar 16, 00:08:59
        
        There is... (Betting) - Small, Mar 16, 00:13:30
        
        You can bet on all outcomes... (Betting) - Small, Mar 16, 00:17:45
        
        Arbitrage in other words (Betting) - BerlinCanary, Mar 16, 00:32:31
        
        Here's an honest article on arbitrage betting (Betting) - BerlinCanary, Mar 16, 01:13:22
        
        and when one bookie refuses to pay out (Betting) - SCC 26, Mar 16, 01:08:59
        
        Well, indeed - but, why would a bookie refuse to pay out? (Betting) - BerlinCanary, Mar 16, 01:19:16
        
        they refuse to pay out all the time in arb cases (Betting) - SCC 26, Mar 16, 01:26:25
        
        Really? That certainly would add a somewhat intangible risk to proceedings ... (Betting) - BerlinCanary, Mar 16, 01:35:21
        
        from gamblers guidebook (Betting) - SCC 26, Mar 16, 01:41:30
        
        I think they're referring to arbitrage occuring within a single bookies odds (Betting) - BerlinCanary, Mar 16, 01:53:00
        
        And, of course, the bookies can easily soak up the losses (Betting) - BerlinCanary, Mar 16, 01:23:58
        
        What is his day job? (n/m) (Betting) - Small, Mar 16, 00:46:34
        
        Programmer (n/m) (Betting) - BerlinCanary, Mar 16, 00:53:17
        
        How can you bet on something in 100% confidence that It wont lose (Betting) - conker, Mar 16, 00:14:22
- why? (Betting) - CWC, Mar 15, 23:29:29
  - per bet... (Betting) - Small, Mar 15, 23:33:56

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