It seems that I am the only one wondering what was his edge. Could you tell us arbusers? Absolutely no-one else in this forum cares about this information. Thank you.arbusers wrote: 2. Someone had superior action during these last years and this would make everyone wonder, what was his edge, that others don't have!
Gambling industry devastated by liquidity problems
- campeones
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Re: Gambling industry devastated by liquidity problems
In this thread, it is evident that the law of the instrument is allover this community. To a man with a hammer, everything looks like a nail. Some people believe that smart betting and profits come from Bet365 only. They are wrong. There are dozens of other bookmakers that offer great opportunities for profits. Those who focus just on one bookmaker will lose in the long run no matter if they profit now.
- arbusers
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Re: Gambling industry devastated by liquidity problems
I wish I knew the complete range of his activities, all professional bettors keep some secrets for themselves.
But what I do know is that he started by banging street shops in his own country, having people placing bets in the shops while he was simultaneously laying them in Betfair. At a point, these bookmakers could not afford this kind of action and they became more efficient by correcting their mistakes. He then moved his action to another country, again placing bets in the shops of the local monopoly and laying them in Betfair. This monopoly was/still is one of the biggest in Europe, backed by a stock market listed company, and his business went on and on for some years. Again, his action was so sharp, that forced the bookmaker to scrutinize the shops where his people were placing the bets. He had to spread his action to more shops and more people were used to place bets. The bookmaker became more efficient by correcting the odds offered and then by reducing the limits of bets. In the end, the bookmaker became so efficient that no significant sharp action could take place in the shops. During these years, he had online betting as a side profit.
After spending some years with shop action he accumulated a lot of knowledge and experience, and he brought all activities online. Shop action became his side profit. He was able to read the markets and move to value betting, in-play and pregame, without having to lay bets in an exchange. To a certain extend, he gave the bookmakers the action they were looking for thus made his accounts last for more. Unless his accounts were limited to 0, he was still able to have good action and generated significant profits. Again, some secrets are well kept. I also know this guy never used a bot for his action, and he was using alert services as a piece of additional advice in the decision-making process.
But what I do know is that he started by banging street shops in his own country, having people placing bets in the shops while he was simultaneously laying them in Betfair. At a point, these bookmakers could not afford this kind of action and they became more efficient by correcting their mistakes. He then moved his action to another country, again placing bets in the shops of the local monopoly and laying them in Betfair. This monopoly was/still is one of the biggest in Europe, backed by a stock market listed company, and his business went on and on for some years. Again, his action was so sharp, that forced the bookmaker to scrutinize the shops where his people were placing the bets. He had to spread his action to more shops and more people were used to place bets. The bookmaker became more efficient by correcting the odds offered and then by reducing the limits of bets. In the end, the bookmaker became so efficient that no significant sharp action could take place in the shops. During these years, he had online betting as a side profit.
After spending some years with shop action he accumulated a lot of knowledge and experience, and he brought all activities online. Shop action became his side profit. He was able to read the markets and move to value betting, in-play and pregame, without having to lay bets in an exchange. To a certain extend, he gave the bookmakers the action they were looking for thus made his accounts last for more. Unless his accounts were limited to 0, he was still able to have good action and generated significant profits. Again, some secrets are well kept. I also know this guy never used a bot for his action, and he was using alert services as a piece of additional advice in the decision-making process.
- Atreyu666
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Re: Gambling industry devastated by liquidity problems
the only one who is saying this is you, i never said that.cigo wrote:Atreyu666 wrote:
Because in TOP Football, basketball, baseball, nfl you can bet from 1k to 3k easy in asia.
If you think you can get earn good money with few bets with 3k stakes per month... dream on...
- highflyer
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Re: Gambling industry devastated by liquidity problems
Can you name these agents? Thanksarbusers wrote:
-2 out of 4 supported agents are still not able to pay customers in a proper manner.
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Re: Gambling industry devastated by liquidity problems
Read the forum, please. On the 21st of May when I posted that, PremiumTradings and AsianConnect weren't able to pay in a proper manner.highflyer wrote: Can you name these agents? Thanks
- VidaBlue
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Some comments:
Re: Gambling industry devastated by liquidity problems
Thank you arbusers for this interesting story. Although this happened during different times and might not be done in the same way and on the same scale today, it serves as an inspiration for all of us.arbusers wrote: I wish I knew the complete range of his activities, all professional bettors keep some secrets for themselves.
Some comments:
- Actually, his development seems very similar to many bettor's, going from arbing and market making, accumulating experience and then subsequently into value betting (maybe realizing that not having layed the bets at all at an early stage, would actually have been more profitable). The largest difference here I think, is that he managed to organize many people into shop betting.
- He was forced to go from shop betting to online betting. I have been forced to do quite the opposite these years. Although his assumed turnover is noncomparable (among other things), this controversy is interesting, it leaves some hope, that there will always be profitable playgrounds in sports betting and the most profitable ones occur in cycles.
- He forced bookmakers to scrutinize the shops. Today, it is very common that shops have a shared profit plan with the bookmaker and they are not just commission based. Off course, there is some protection plan such that the shops will not risk deficits. This is a smart move from the bookmakers because it puts the shop owner on bookmaker's side. I can only imagine how tempting is must have been for shop owners to actually be the ones involved in an organized profitable scheme, when they were purely commision based.
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Re: Gambling industry devastated by liquidity problems
It took me some years to realize that value betting is better than arbing. Maybe it was the mentality of stable performance that worked as a delusion for me and others. But someone who would start his career now should go straight away to value betting and disregard arbing.
Everyone's path in smart betting is largely depending on the circumstances. If your environment offers more chances in shops, then it is logical to assume that shop action should be a starting point. But if you come from an environment where shops are not the best option, then you should start from online betting.
Some monopolies are paying shop owners based on volumes. Business-wise, this is a great mistake to do, because it allows sharp bettors to exploit situations, and make additional deals with shop owners. One must be vigilant to identify these mistakes and then jump with a tube to suck as much capital as possible. The monopoly described above changed that model now offering ridiculously lower revenue based on volumes, which led many shops to close.
Everyone's path in smart betting is largely depending on the circumstances. If your environment offers more chances in shops, then it is logical to assume that shop action should be a starting point. But if you come from an environment where shops are not the best option, then you should start from online betting.
Some monopolies are paying shop owners based on volumes. Business-wise, this is a great mistake to do, because it allows sharp bettors to exploit situations, and make additional deals with shop owners. One must be vigilant to identify these mistakes and then jump with a tube to suck as much capital as possible. The monopoly described above changed that model now offering ridiculously lower revenue based on volumes, which led many shops to close.