Total money you lost at sharpbooks is higher then your net profit?

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Yngwie
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Total money you lost at sharpbooks is higher then your net profit?

Sun Jan 26, 2014 2:24 pm

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Total money you lost at sharpbooks is higher then your overall net profit last year?
Last edited by Yngwie on Mon Jan 27, 2014 10:18 pm, edited 1 time in total.
cristi13
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Re: Total money you lost at softbooks is higher then your net profit?

Sun Jan 26, 2014 2:40 pm

What exactly do you mean by "total money lost at softbooks"?
Thordin
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Re: Total money you lost at softbooks is higher then your net profit?

Sun Jan 26, 2014 6:32 pm

fixed:D
Last edited by Thordin on Tue Jan 28, 2014 5:31 pm, edited 1 time in total.
anormal1992
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Re: Total money you lost at softbooks is higher then your net profit?

Sun Jan 26, 2014 11:28 pm

I am + 20k on pinny in the last 3 months....  ???
Yngwie
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Re: Total money you lost at softbooks is higher then your net profit?

Mon Jan 27, 2014 10:18 pm

Ah, sorry. Correction: Sharpbooks I mean of course. (You should had guessed, You can't lose at softbooks over long haul after all :D)

Last year, Total money you lost at sharpbooks is higher then your net annual profit?
Last edited by Yngwie on Mon Jan 27, 2014 10:20 pm, edited 1 time in total.
wibble wobble
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Re: Total money you lost at sharpbooks is higher then your net profit?

Tue Jan 28, 2014 11:10 am

thought you had that question backwards! my results are pretty close profit coming out on top just, pinnacle amazing bookmaker how they do it and amazing that i love them even though they take a shed load of cash off me ha!, no wonder they love an arber! what were your results?
i am arbitrage
cristi13
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Re: Total money you lost at sharpbooks is higher then your net profit?

Tue Jan 28, 2014 11:41 am

Assuming that on average all the lines you take at the sharpbook are balanced, you lose 2.5-4% on every bet you place there by arbing, depending on juice. That is 1.25-2% of the total money invested. So if your average arb is lower than this, the answer is yes.
tarzan
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Re: Total money you lost at sharpbooks is higher then your net profit?

Tue Jan 28, 2014 12:14 pm

On Big league and on NBA NHL games they trading and take procentage!
But on the smaller leagues and the other sports 40 to 50% they fixing the games and taking much more money!
Yngwie
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Re: Total money you lost at sharpbooks is higher then your net profit?

Tue Jan 28, 2014 10:00 pm

wibble wobble wrote: thought you had that question backwards! my results are pretty close profit coming out on top just, pinnacle amazing bookmaker how they do it and amazing that i love them even though they take a shed load of cash off me ha!, no wonder they love an arber! what were your results?
Total money I lost at sharp books last year is slightly higher then my yearly profit.
The situation is same for  every arber I talked to.
cristi13 wrote: Assuming that on average all the lines you take at the sharpbook are balanced, you lose 2.5-4% on every bet you place there by arbing, depending on juice. That is 1.25-2% of the total money invested. So if your average arb is lower than this, the answer is yes.
I disagree. My average arb is higher then this number but still..

And don't forget that arbs with higher % are more likely to win at softbooks.
Small arbs (arbs under %1) and micro arbs (arbs under %0.5) don't win very often in softbooks.
Last edited by Yngwie on Tue Jan 28, 2014 10:04 pm, edited 1 time in total.
cristi13
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Re: Total money you lost at sharpbooks is higher then your net profit?

Wed Jan 29, 2014 12:18 am

And what do you think is the reason for this? Sharp lines moving further more often than not? Sharpbooks offering lower odds on arb opportunities to make more profit?
Yngwie
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Re: Total money you lost at sharpbooks is higher then your net profit?

Wed Jan 29, 2014 3:03 pm

cristi13 wrote: And what do you think is the reason for this? Sharp lines moving further more often than not? Sharpbooks offering lower odds on arb opportunities to make more profit?
Easy answer. The bigger line movement means a higher %. Lines/odds change for a reason.
cristi13
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Re: Total money you lost at sharpbooks is higher then your net profit?

Wed Jan 29, 2014 3:24 pm

At 3% juice the line where Total Profit = Sharpbook Loss is at 1.55% arbs, Lower arb means Profit < Loss. You said your average arb is higher and still Profit < Loss.
Either your data is incorrect/sample size not high enough , or the sharp lines are not balanced, which goes back to my previous questions.
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Re: Total money you lost at sharpbooks is higher then your net profit?

Wed Jan 29, 2014 3:33 pm

Since money flows from softbooks to sharpbooks, every arber's softbook balance will up positive and sharp book balance will be negative.

You mean your sharpbook balance (just arbs) is positive? For how long? Speak in numbers.
Mi_t_is
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Re: Total money you lost at sharpbooks is higher then your net profit?

Wed Jan 29, 2014 6:05 pm

i disagree that 0,5% arbs have lower yield..

My yield was with 2% arb on soft side 10%.. And now with 0,5% - 5%  (more than 5% dont valuebet) are same 10%
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Re: Total money you lost at sharpbooks is higher then your net profit?

Wed Jan 29, 2014 8:48 pm

yes, it is for me.

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