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Abing with Betfair exchange and Betfair SB

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simone1337
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Abing with Betfair exchange and Betfair SB

Wed Jun 16, 2021 9:49 am

Hello,

I want to start arbing with Betfair exchange and Betfair SB, for example I back a bet on Sportsbook and lay it on Exchange in betfair, that is okay and there is no problem with it ?
vinciguerra
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Re: Abing with Betfair exchange and Betfair SB

Wed Jun 16, 2021 12:23 pm

No problem with it in itself, except that if you do it 2-3 times, your limits at the SB will be gone.
simone1337
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Re: Abing with Betfair exchange and Betfair SB

Wed Jun 16, 2021 12:26 pm

vinciguerra wrote: No problem with it in itself, except that if you do it 2-3 times, your limits at the SB will be gone.
My account will be limited after 2-3 times?
MikkoH37
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Re: Abing with Betfair exchange and Betfair SB

Wed Jun 16, 2021 2:14 pm

vinciguerra wrote: No problem with it in itself, except that if you do it 2-3 times, your limits at the SB will be gone.
why is that?
L
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Re: Abing with Betfair exchange and Betfair SB

Wed Jun 16, 2021 5:27 pm

MikkoH37 wrote:
vinciguerra wrote: No problem with it in itself, except that if you do it 2-3 times, your limits at the SB will be gone.
why is that?
Because Betfair SB is soft bookie and all soft bookies don't like arbers and since they also own Betfair exchange it will be super easy for them to figure out that you are arber.
simone1337
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Re: Abing with Betfair exchange and Betfair SB

Thu Jun 17, 2021 9:27 am

L wrote:
MikkoH37 wrote:
vinciguerra wrote: No problem with it in itself, except that if you do it 2-3 times, your limits at the SB will be gone.
why is that?
Because Betfair SB is soft bookie and all soft bookies don't like arbers and since they also own Betfair exchange it will be super easy for them to figure out that you are arber.
You are right, what sportsbook you suggest to work with Betfair EX ?
MikkoH37
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Re: Abing with Betfair exchange and Betfair SB

Thu Jun 17, 2021 9:30 am

ah, I see.

What do you mean by ¨soft¨?
simone1337
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Re: Abing with Betfair exchange and Betfair SB

Thu Jun 17, 2021 3:38 pm

MikkoH37 wrote: ah, I see.

What do you mean by ¨soft¨?
I don't agree with him at this point, because Betfair SB is know as a sharp bookie.
L
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Re: Abing with Betfair exchange and Betfair SB

Thu Jun 17, 2021 8:06 pm

MikkoH37 wrote: ah, I see.

What do you mean by ¨soft¨?
In short, bookmakers can be divided into two categories "sharp" and "soft". Sharp bookies are the ones who are very efficient at determining true probability of event outcome. On the other hand soft bookies are not that efficient at determining true probability of event outcome and will limit you very fast if you consistently take value from them. There is plenty of great material in this forum which describe sharp and soft bookies in detail. I encourage you to read it as it will give you a lot of useful knowledge.
L
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Re: Abing with Betfair exchange and Betfair SB

Thu Jun 17, 2021 8:19 pm

simone1337 wrote:
MikkoH37 wrote: ah, I see.

What do you mean by ¨soft¨?
I don't agree with him at this point, because Betfair SB is know as a sharp bookie.
I would be careful treating Betfair Sportsbook as sharp bookie, I don't know any serious value bettor who uses it for sharp reference. Think about it, how can Betfair SB be sharp if it has so many arbs with Betfair EX. One of them has to be soft and trust me it is not Betfair EX.
MikkoH37
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Re: Abing with Betfair exchange and Betfair SB

Fri Jun 18, 2021 11:16 am

L wrote:
MikkoH37 wrote: ah, I see.

What do you mean by ¨soft¨?
In short, bookmakers can be divided into two categories "sharp" and "soft". Sharp bookies are the ones who are very efficient at determining true probability of event outcome. On the other hand soft bookies are not that efficient at determining true probability of event outcome and will limit you very fast if you consistently take value from them. There is plenty of great material in this forum which describe sharp and soft bookies in detail. I encourage you to read it as it will give you a lot of useful knowledge.
Thank you, very appreciated!

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