Live Betting Arbitrage

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viking2
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Live Betting Arbitrage
« on: November 06, 2015, 04:52:28 AM »

Does anyone here do this?  It seems like in live betting, seems to be very good opportunites for live betting arbitrage where you take both sides of a game during the actual game.
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Arbusers
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Re: Live Betting Arbitrage
« Reply #1 on: November 06, 2015, 03:10:56 PM »

Read the forum please. Many people do this.
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viking2
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Re: Live Betting Arbitrage
« Reply #2 on: November 07, 2015, 01:17:47 AM »

is there any live betting on american sports?  Most seem to be other non-american sports.
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viking2
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Re: Live Betting Arbitrage
« Reply #3 on: November 08, 2015, 03:06:28 AM »

So pinnacle basically doesn't care that you are betting both sides of a live game for profit?  For example say you are betting on an nfl game and the odds are +220 for the team to win after being down a touchdown.  Then once they score a touchdown let say you could bet the other side at -160.  So basically you can look in your profit with this arb then and pinnacle doesn't care?  And you can do this as much as possible throughout the entire game?  Thus you could have about 5 arbs in a football game where no matter which side wins, it doesn't matter since you will profit?


So you could do this at every sport basically?  I know certain books don't like it when you bet both sides in a game whether its pregame or arbing.  But with pinnacle, they actually welcome it?  What other books besides pinnacle allow this then?


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AnnaPrentice
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Re: Live Betting Arbitrage
« Reply #4 on: November 08, 2015, 03:40:20 AM »

You are talking about trading. Trading only on pinny for live games might be one of the worst strategies ive ever heard of.
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viking2
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Re: Live Betting Arbitrage
« Reply #5 on: November 08, 2015, 06:38:09 AM »

Is it really a bad strategy?  So taking a team that is down points at +220 ML odds.  Then once they score points, then you could take the other side assuming let say other side is now -160 odds.  So you basically arbed +220 and -160.  Of course if the team you took keep getting into a bigger whole and losing more, then obviously you can't arb it and going to take a loss on the bet.


First off, would pinnacle have any issues at all with trading multiple times throughout a game?  But in games where there are a lot of lead changes, isn't that good to trade though?





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AceJack
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Re: Live Betting Arbitrage
« Reply #6 on: November 08, 2015, 09:20:58 AM »

Is it really a bad strategy?  So taking a team that is down points at +220 ML odds.  Then once they score points, then you could take the other side assuming let say other side is now -160 odds.  So you basically arbed +220 and -160.  Of course if the team you took keep getting into a bigger whole and losing more, then obviously you can't arb it and going to take a loss on the bet.


First off, would pinnacle have any issues at all with trading multiple times throughout a game?  But in games where there are a lot of lead changes, isn't that good to trade though?

I tried this Just before i moved over to arbusers..  Worked a few times..  But then i got burned...
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raizzak
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Re: Live Betting Arbitrage
« Reply #7 on: November 08, 2015, 09:38:07 AM »

you can do whatever you want except manipulate the markets (something that probably you can't do anyways)
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janajana
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Re: Live Betting Arbitrage
« Reply #8 on: November 08, 2015, 08:36:59 PM »

Is it really a bad strategy?  So taking a team that is down points at +220 ML odds.  Then once they score points, then you could take the other side assuming let say other side is now -160 odds.  So you basically arbed +220 and -160.  Of course if the team you took keep getting into a bigger whole and losing more, then obviously you can't arb it and going to take a loss on the bet.


First off, would pinnacle have any issues at all with trading multiple times throughout a game?  But in games where there are a lot of lead changes, isn't that good to trade though?

It is very bad strategy indeed. You place bet with 3% juice. If line moves in your favour, you cover the bet with another 3% juice bet. If line moves against you, you are more likely to lose than to win the bet
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viking2
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Re: Live Betting Arbitrage
« Reply #9 on: August 07, 2016, 03:19:23 AM »

does anyone have opinion on this?  Assuming the other team comes back, isn't this sort of profitable with the right situations?
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Alfa1234
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Re: Live Betting Arbitrage
« Reply #10 on: August 07, 2016, 08:55:27 AM »

If you plan on doing this, do it on Betfair (google "trading on betfair").  You only pay comission on winnings that way instead of the Pinnacle juice every time.  You will get burned though if you don't have enough experience.
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viking2
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Re: Live Betting Arbitrage
« Reply #11 on: November 13, 2016, 04:04:20 AM »

You are talking about trading. Trading only on pinny for live games might be one of the worst strategies ive ever heard of.


Hi there.  Can you explain why?  Assuming there are games that are very close, wouldn't this be a good idea?  For example, teams that take a lead but then the other team comes back etc?  Or you mean when you do this, the team that is losing gets blown out etc.

Also can you explain why you say the juice is too high on this?  The juice doesn't seem that bad on this.  Certain games its -110 both sides max on pinnacle with most of it being -108 so im confused on this?  I know certain sites offer live betting where both sides are -115 which is of course high juice. 

Someone here mention 3 percent juice.  Is that really high?  Most of the games i looked at the juice is more than that a bit and that seem a bit reasonable.
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viking2
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Re: Live Betting Arbitrage
« Reply #12 on: November 13, 2016, 04:08:21 AM »

Is it really a bad strategy?  So taking a team that is down points at +220 ML odds.  Then once they score points, then you could take the other side assuming let say other side is now -160 odds.  So you basically arbed +220 and -160.  Of course if the team you took keep getting into a bigger whole and losing more, then obviously you can't arb it and going to take a loss on the bet.


First off, would pinnacle have any issues at all with trading multiple times throughout a game?  But in games where there are a lot of lead changes, isn't that good to trade though?

It is very bad strategy indeed. You place bet with 3% juice. If line moves in your favour, you cover the bet with another 3% juice bet. If line moves against you, you are more likely to lose than to win the bet


Okay this makes sense as i had this happen to me.  A team basically was losing then got blown out.  That is what you mean by that right?


But if you feel a game is close and one side takes a decent size lead, but you feel it won't be blowout, isn't it a good idea to bet on the team losing assuming they will make a comeback later on?  Whether its soon or much later?  But that make sense in what you say that if that team keep losing, well you lose your bet.


The thing is you are saying you have to risk a lot just to take the other side assuming the team you bet come back right?  Thus you can do that 5 times and profit.  But the 1 time you bet on a team that is losing that doesn't come back, then that erases all your profit from the other games where you bet say on team +250 then bet on the other team -180?
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middler
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Re: Live Betting Arbitrage
« Reply #13 on: November 13, 2016, 09:28:08 AM »

Assuming is gambling so indeed a bad strategy where the odds are going to be against you.

It's the same as assuming that the underdog might have a chance, or that the favorite is overpaid, or any other thing.

In the end, if you place your bets following your feelings, whatever they are, you are just gambling and doomed to lose money.
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Bubbles
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Re: Live Betting Arbitrage
« Reply #14 on: November 13, 2016, 01:19:37 PM »

If you plan on doing this, do it on Betfair (google "trading on betfair").  You only pay comission on winnings that way instead of the Pinnacle juice every time.  You will get burned though if you don't have enough experience.
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