Arbitrage between betting exchanges?

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shane
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shane

Arbitrage between betting exchanges?
« on: December 09, 2016, 11:32:20 AM »

Just wondering, has anybody ever tried to arbitrage between different betting exchanges, such as betfair and smarkets etc.?

I guess it's theoretically possible, but the window to bet would be extremely narrow. Would anybody like to share experiences?
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Re: Arbitrage between betting exchanges?
« Reply #1 on: December 09, 2016, 02:17:21 PM »

With 2 lots of commission to pay, opportunities are few and far between.   When I do see them its normally £2 sitting there lol   Tennis can good as matchbook seem to follow pinnacles odds, but betfair sometimes very different and for decent amounts.

Rugby MaxShalamar wow, I look at Rugby sometimes but unless its a big international game the markets are always dead on betfair and matchbook lol

Whatever price Matchbook has, I find pinnacle is better 99% of the time!
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Re: Arbitrage between betting exchanges?
« Reply #2 on: December 09, 2016, 03:10:35 PM »

Ive been using Premium Tradings for Pinny, get a 0.1% cashback on every bet too, and their service has been great!  I know its an extra layer of risk, but I really use them a lot lol
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Re: Arbitrage between betting exchanges?
« Reply #3 on: December 09, 2016, 03:22:07 PM »

News on their UK return has gone a bit quiet lately, in the summer they said hopefully by the end of the year?
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Re: Arbitrage between betting exchanges?
« Reply #4 on: December 10, 2016, 03:33:04 AM »

so the eSports SBC Operator of the year is too cheap to get an UK licence? How much do they cost anyways?

Or is the tax too high and it would be unprofitable for them with their profit margins?

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luctens
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Re: Arbitrage between betting exchanges?
« Reply #5 on: December 10, 2016, 03:38:56 PM »

so the eSports SBC Operator of the year is too cheap to get an UK licence? How much do they cost anyways?

Or is the tax too high and it would be unprofitable for them with their profit margins?
They are certainly not "too cheap" to get a UK licence. For an operator of Pinnacle's size, the cost of the licence would probably be something in the region of £100k per year.

It has nothing to do with the tax either. People went on and on at the time about the tax being the reason that Pinnacle wouldn't get a UK licence as they couldn't deal with a 15% tax on profits. That's simply complete rubbish. What would have completely killed them off is if for example it was a turnover tax of say 1%-2% instead of a tax on profits. In that situation, the higher margin operators could have worked and dealt with that, but that would have blown Pinnacle right out the water with the profit margins they work to. So if there is going to be a tax, it's tax on profits not tax on turnover that Pinnacle would always actually want. What proves conclusively anyway that it had nothing to do with the tax is that Pinnacle are now wanting to get a UKGC licence and return to the UK market now. The 15% tax on profits is the same now as it was 2 years ago, so if the reason Pinnacle didn't get a licence 2 years ago was because of a 15% tax on profits, then with the tax still a 15% tax on profits now, they then still wouldn't want a licence. But the difference is that they do want a licence now, even with the 15% tax on profits still there, which tells you conclusively that Pinnacle not getting a UKGC licence was absolutely nothing to do with the tax.

They apparently applied for a UKGC licence at the time of the new regulations coming in 2 years ago, and the UKGC must have rejected it. They probably rejected it on the grounds of the grey and black markets they have previously operated in, the issues with the USA arrests connected with Pinnacle a few years back and their subsequent surrendering of the Alderney licence and many other things. Therefore in the last couple of years they have have made many changes including changing the ownership, sectioning off the agent accounts onto a different website and many other changes. All of these changes were probably ordered by the UKGC in order for them to consider and accept a new UKGC licence application in the future. Now those changes are in place, Pinnacle must think they are now in a position to apply again for a UKGC licence and to actually get the licence application accepted this time.

The irony of it all is that the UKGC getting all high and mighty with Pinnacle and apparently refusing them a licence when you think of all the scam operators the UKGC have licenced before and since that. So the UKGC think they are so smart by apparently refusing a licence to one of the most reputable and secure gambling operators in the world, whilst in the meantime licencing numerous scam companies that have scammed customers out of tens of millions of pounds. They really have no clue.
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luctens
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Re: Arbitrage between betting exchanges?
« Reply #6 on: December 10, 2016, 03:40:50 PM »

Also pinnacle allows arb bettings?
You have a massive amount to learn if you even have to ask the question of whether Pinnacle allows arbers or not.
« Last Edit: December 10, 2016, 03:54:35 PM by luctens » Logged
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Re: Arbitrage between betting exchanges?
« Reply #7 on: December 10, 2016, 04:25:05 PM »

so the eSports SBC Operator of the year is too cheap to get an UK licence? How much do they cost anyways?

Or is the tax too high and it would be unprofitable for them with their profit margins?
They are certainly not "too cheap" to get a UK licence. For an operator of Pinnacle's size, the cost of the licence would probably be something in the region of £100k per year.

It has nothing to do with the tax either. People went on and on at the time about the tax being the reason that Pinnacle wouldn't get a UK licence as they couldn't deal with a 15% tax on profits. That's simply complete rubbish. What would have completely killed them off is if for example it was a turnover tax of say 1%-2% instead of a tax on profits. In that situation, the higher margin operators could have worked and dealt with that, but that would have blown Pinnacle right out the water with the profit margins they work to. So if there is going to be a tax, it's tax on profits not tax on turnover that Pinnacle would always actually want. What proves conclusively anyway that it had nothing to do with the tax is that Pinnacle are now wanting to get a UKGC licence and return to the UK market now. The 15% tax on profits is the same now as it was 2 years ago, so if the reason Pinnacle didn't get a licence 2 years ago was because of a 15% tax on profits, then with the tax still a 15% tax on profits now, they then still wouldn't want a licence. But the difference is that they do want a licence now, even with the 15% tax on profits still there, which tells you conclusively that Pinnacle not getting a UKGC licence was absolutely nothing to do with the tax.

They apparently applied for a UKGC licence at the time of the new regulations coming in 2 years ago, and the UKGC must have rejected it. They probably rejected it on the grounds of the grey and black markets they have previously operated in, the issues with the USA arrests connected with Pinnacle a few years back and their subsequent surrendering of the Alderney licence and many other things. Therefore in the last couple of years they have have made many changes including changing the ownership, sectioning off the agent accounts onto a different website and many other changes. All of these changes were probably ordered by the UKGC in order for them to consider and accept a new UKGC licence application in the future. Now those changes are in place, Pinnacle must think they are now in a position to apply again for a UKGC licence and to actually get the licence application accepted this time.

The irony of it all is that the UKGC getting all high and mighty with Pinnacle and apparently refusing them a licence when you think of all the scam operators the UKGC have licenced before and since that. So the UKGC think they are so smart by apparently refusing a licence to one of the most reputable and secure gambling operators in the world, whilst in the meantime licencing numerous scam companies that have scammed customers out of tens of millions of pounds. They really have no clue.
Good insight. It may well be the case.
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