Arbusers

I had same situatsion i did bet and no void.(and no actions limitations afterwards) I would bet, but personally i dont like hiding games

They void bets on wrong odds, sometimes on correct odds too.

ludako wrote: Sportingbet; WTA Taipei
Match: Kudermetova - Erakovic.
In my opinion odds are swapped. 15% arb with pinnacle. If I take advantage of that, what are they going to do? Anyone had that experience with sportingbet?
Thanks!

edit: Odds were fixed but not sure what they did with the bets.

Never get involved with any palps, whether it's with Sportingbet or any other bookmaker for that matter. You may get away with them sometimes if the bookmaker doesn't notice or whatever, but the inevitable times you don't get away with it and they void the bet will leave you in a big mess and if you keep taking palps, your bankroll will be gone before you know it.

Arbing is about making sports betting as risk free as possible, whereas betting on palps takes you straight back to out and out gambling, being a mug punter and "hoping" you get a profit. A complete no go.

On the other hand placing bets on palps and not covering is like betting with very big value.

i never cover palps you will get huge value or minimal covering depends on bet

arber_PL wrote: On the other hand placing bets on palps and not covering is like betting with very big value.

+1

Luctens, would you play triple-or-nothing on the toss of a coin? This is quite removed from what everyday punters are doing...

arber_PL wrote: On the other hand placing bets on palps and not covering is like betting with very big value.

Fast track to limitation as well

Gamblers Ruin wrote:

arber_PL wrote: On the other hand placing bets on palps and not covering is like betting with very big value.

+1

Luctens, would you play triple-or-nothing on the toss of a coin? This is quite removed from what everyday punters are doing...

Ludako was clearly referring to the market being an arb between Sportingbet and Pinnacle so he was clearly asking if he should be arbing that bet, which to anybody with any common sense is an obvious no.

If you're talking about just betting the palp and not covering it, then no, I wouldn't do that either. I don't care what "everyday punters" are doing, anybody betting on a palp is stupid, plain and simple.

Although you would theoretically be getting big value with such a bet, most of the time the bookmaker will notice it so it would have been a waste of your time doing the bet, and if a bookmaker notices you are palping with them, there's a high chance they will close your account so you would have burned an account just for betting on a silly palp. And even with such massive value prices, variance is still very much in play so similar to normal value betting, you would need a very high amount of bets in order to smooth out the variance, and inevitably if you have to bet a lot of palps to smooth out the variance, that's going to result in a lot of accounts getting burned because you've had them closed when bookmakers have noticed you're betting palps with them.

Betting on palps is classic lazy short-termism, going for the quick kill but getting loads of accounts burned in the process even with absolutely no guarantee of profit, so inhibiting you from being in this for the long term. I'm in this game for the long haul and I'm in this for as risk free profits as possible, so I would never go for "triple-or-nothing on the toss of a coin", or go for a palp under any circumstances.

I generally agree, but "you'll get limited faster" wasn't your initial argument:

luctens wrote: Arbing is about making sports betting as risk free as possible, whereas betting on palps takes you straight back to out and out gambling, being a mug punter and "hoping" you get a profit. A complete no go.

The difference between palps and regular value bets is the huge value, so you don't really need to bet many palps to smooth the variance at all. Out of interest, you can bet 10% of your initial bankroll on a triple-or-nothing coin toss over and over, with a 99.2% chance of doubling your money before going bankrupt.

You're probably right, but I have a 2-year-old Sportingbet account that I've placed plenty of palps at, still going strong. I even bet a hilarious Sportingbet vs Sportingbet 20% tennis arb I found once just to see what would happen - they actually settled both sides and I never heard anything about it. Perhaps you're being too cautious with these guys?

Gamblers Ruin wrote: I generally agree, but "you'll get limited faster" wasn't your initial argument:

luctens wrote: Arbing is about making sports betting as risk free as possible, whereas betting on palps takes you straight back to out and out gambling, being a mug punter and "hoping" you get a profit. A complete no go.

The difference between palps and regular value bets is the huge value, so you don't really need to bet many palps to smooth the variance at all. Out of interest, you can bet 10% of your initial bankroll on a triple-or-nothing coin toss over and over, with a 99.2% chance of doubling your money before going bankrupt.

You're probably right, but I have a 2-year-old Sportingbet account that I've placed plenty of palps at, still going strong. I even bet a hilarious Sportingbet vs Sportingbet 20% tennis arb I found once just to see what would happen - they actually settled both sides and I never heard anything about it. Perhaps you're being too cautious with these guys?

I didn't mention about getting limited faster previously, as I was commenting on Ludako's question, which was about if he should arb the bet between Sportingbet and Pinnacle, and the obvious answer to that is no simply based on the fact that arbing palps is a massive risk to your money and that it's a sure fire way to oblivion. Getting limited faster wasn't even worth mentioning due to the very obvious reasons not to arb palps even before getting limited faster even comes into play.

I mentioned getting limited faster in my next post as the question was about betting palps without covering them rather than arbing palps. Your Sportingbet account means nothing, obviously some accounts will slip through the net. Even if the value is a lot higher on palps than value bets, you still have to bet a lot of them to try and smooth out the variance, and the amount of them you would have to bet on would be more than enough to get a load of accounts closed with bookmakers that notice you're betting on palps, so there's really no point burning loads of accounts just to get a few palps on.

I don't care about any stats on a triple or nothing coin toss, I'm in this for as risk free profits as possible.  There's no way I'm being too cautious with bookmakers by not betting palps, you're the one that's taking too many risks by betting them.

If you're an arber, then obviously you don't arb palps, and arbers don't do value betting so whether it's normal value betting or palp value betting, an arber wouldn't get involved in any of it.

If you are involved in normal value betting, I still wouldn't get involved in palp value betting, as it will just get unduly get a load of accounts closed in double quick time with absolutely no guarantee of profit whatsoever.

luctens wrote: If you're an arber, then obviously you don't arb palps, and arbers don't do value betting so whether it's normal value betting or palp value betting, an arber wouldn't get involved in any of it.

Show me where this rule is stated. Why you always have to be the smartest of smart and know everything better? If I think betting on particular palp is worth it, I do it. Does that make me not being arber?

I arb, I value bet, I bet (some) palps and take welcome offers - I take all the free money the bookies are offering.

You may be right, I'm maybe taking too many risks and I'm on the wrong forum, but you may also be wrong...

I trade palps as well when i see value. OFC shitty rooms you will get void any bet. So far my palp bets is voided about 70%. So for 30% its worth a shot. I had sportbet before 100$max bet and after betting palps 100$ bets.

I dont like startegy to "hide" or doing some weird things to show them that im gambler to prolong my life. I have 4-5 rooms where i have some startegy, but others are not worth it

maletaja wrote: So far my palp bets is voided about 70%.

Interesting, my void rate is quite a bit lower (~40%).

What if bet is cancelled during or after an event and the other (your only) side lose?