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

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cristi13
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Re: Total money you lost at sharpbooks is higher then your net profit?

Wed Jan 29, 2014 11:03 pm

Yngwie/Sawyer wrote: 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.
I'm sorry, i think you misunderstood me from the beginning, let me explain in a simpler manner.
The juice in the sharpbooks varies from 2.4% to 4%, maybe even higher. If you make an arb that is on a line with 3% juice, you simply lose 3% of the sharpbook bet.
Let's take an arb example:
€50 at softbook
€50 at sharpbook
So, a total of €100
You lose exactly €1.5 at the sharpbook (3% of €50).
So, for Net Profit to be higher than Sharpbook Loss you need to win more than €1.5, and since you invested €100, that is 1.5%
whitesnake
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Re: Total money you lost at sharpbooks is higher then your net profit?

Thu Jan 30, 2014 8:01 pm

Do you place bets at softs with significantly lower odds than sharps? For example 1.70 or less. I think with lower odds chances are higher for the money to flow to softs, although a loss at a low odd can move a high amount of money back to sharps.
Yngwie
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Re: Total money you lost at sharpbooks is higher then your net profit?

Thu Jan 30, 2014 10:29 pm

whitesnake wrote: yes, it is for me.
It's for everyone :D

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