can ausbrahs do this? theres a betfair here pls respond
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01-12-2013, 03:30 PM #91
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01-12-2013, 03:35 PM #92
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01-12-2013, 04:42 PM #93
- Join Date: Apr 2012
- Location: United Kingdom (Great Britain)
- Age: 32
- Posts: 74
- Rep Power: 205
Sorry brah, that is arbitrage not advantage play. Advantage play covers casino offers, or promotions where for example if X scores first, you will receive your money back on certain losing bets. It means the expected value of an offer is positive (so if you do it enough times, you will come out in a profit. This is the direction you have to take once you finished start up offers).
Don't want to confuse beginners so I'd stop reading here if you are.. But say there is an offer tomorrow on utd liverpool, if Van Persie scores first, all losing first goal scorer bets will be refunded. Let's say his odds at betfair (true odds) are 4.0. Now let's say you find a match on a player who is 6.5 at this bookie and 7 to lay. You match this bet, at £50 stake, creating a £-5.58 loss on all outcomes. Now we hope Van Persie scores first for a £45.42 profit. We would expect Van Persie to score first one in every four games by the odds, so we can see the expected value of this offer is positive (would have to be around 1 in 9 games for the expected value to be negative (5.58 x 10 = 55.8>50)). (you can lay RVP for equal profit but I tend not to).
In casino terms, say there is an offer, deposit £100 and they'll match your deposit with another £100 with a wagering requirement x10. So you have to wager £1000 to release your funds. If you played this through on blackjack, where the house edge is somewhere around 1.5%, after £1000 wagering you would expect to only have lost £15. So you would expect to come out with £185, an £85 profit. (you won't find an offer like this though).
Feel free to PM me with any questions OP.
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01-12-2013, 04:51 PM #94
- Join Date: Apr 2012
- Location: United Kingdom (Great Britain)
- Age: 32
- Posts: 74
- Rep Power: 205
I believe you can, but it is harder. It is more to do with free plays. I think 5Dimes have quite a good offer on at the moment. Don't know too much about it, American books are still on my to do list, but currency fees and a few of them went bankrupt which have put me off.
I believe so, IASbet is probably the best bookmaker for you to start.
Go onto gambling websites and check the terms and conditions of offers. Will include a list of eligible countries.
Apologies for thread hijack OP, will try to stop now.
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01-13-2013, 12:08 AM #95
Arbitrage bets are the most basic example of advantage play. As i stated earlier I have been mainly making money from refunds such as the first goal scorer one you mentioned. Done a few casino bonuses but a lot of them are tedious and require a lot of clicking to play through when they don't have an auto play function (Do you bother with the huge wager requirements such as 30x+?)
In fact if you think about it, all such offers can be viewed as an arbitrage bet. For example to 4/1 back a winner get a free bet offer, you back a 4/1 horse and effectively your odds are being increased by 1 to 5/1 (in reality you will only get about 80% of this extra winnings so you are going from 5.0 to 5.8)
It can then be treated as a normal bet and you just have to look for lay odds to match.Last edited by Mathematics; 01-13-2013 at 12:15 AM.
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01-13-2013, 12:25 AM #96
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01-13-2013, 03:26 AM #97
should be avaliabe for aussies, at least there's aussie booker list here: http://forums.moneysavingexpert.com/....html?t=288774
OP: when i lay a 50£ bet at betfair, with the odds of 3.0, could it then end up costing me 150£?
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01-13-2013, 04:50 AM #98
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01-13-2013, 04:57 AM #99
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01-13-2013, 05:02 AM #100
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01-13-2013, 05:04 AM #101
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01-13-2013, 05:06 AM #102
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01-13-2013, 05:09 AM #103
This is 'legit', fixtheodds.com is another similar service.
However no one can guarantee you the size of your returns. YOU will turn a profit but it can be anything from a few hundred to a few thousand depending on when you place the bets and how active and varied the market is. You also need a decent bankroll if you want to do multiple sites at once. If you can spare it you could probs do all the offers on fixtheodds in on go with £2-300.
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01-13-2013, 05:11 AM #104
Fixtheodds gives a good explanation but it is definitely better to do it manually. Fixtheodds doesn't always make you the most profit, and it misses out big offers. Last time I checked it had a paddy power £20 free bet offer, if you took this you would then never be able to take their £250 free bets offer!
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01-13-2013, 05:12 AM #105
- Join Date: Mar 2010
- Location: United Kingdom (Great Britain)
- Age: 33
- Posts: 2,081
- Rep Power: 2398
Ok I'm gonna try this today...
I see both ladbrokes and paddypower offer £50 free bet after you've made a bet.
So I should pick a random game, £50 on one side using ladbrokes. £50 on the other team using paddypower?
When a team wins, I basically get that free £50 to withdraw?
What happens if theres a draw? I lose £100?????
edit: just see you wrote paddypower gives free £250 on free bet... wtf where is this there homepage says 50!Beefcake. BEEFCAKE!!!
Sports? Yeah I do sports, sport of aesthetics / *mixed race crew*
All hail Thor.
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01-13-2013, 05:13 AM #106
Ye but for the new folk doing a couple of offers on fixtheodds will help them grasp the principle alot quicker, as its often very confusing following something over a forum. THen they can dive in and do what they want.
I like many have the problem of having already signed up to many of the prominent sites. However there are loads of obscures ones, check out 'betvictor'.
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01-13-2013, 05:15 AM #107
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01-13-2013, 05:16 AM #108
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01-13-2013, 05:19 AM #109
- Join Date: Mar 2010
- Location: United Kingdom (Great Britain)
- Age: 33
- Posts: 2,081
- Rep Power: 2398
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01-13-2013, 05:19 AM #110
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01-13-2013, 05:19 AM #111
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01-13-2013, 05:23 AM #112
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01-13-2013, 05:25 AM #113
3 outcomes in football win,lose and draw.
If you Lay 'Man United' you are betting on them to either Draw or Lose. So you back them to win on Paddypower and Lay them on betfair. After thats all settled you wait for your paddypower account to have the bonus credited and repeat in order to use your freebet and make some £.
Sign up to fixtheodds.com it guides you through it step by step. At least do 1 or two, understand the process then you can do it yourself.
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01-13-2013, 05:27 AM #114
- Join Date: Mar 2010
- Location: United Kingdom (Great Britain)
- Age: 33
- Posts: 2,081
- Rep Power: 2398
Oh, so one site bet manu to win... on the other site bet manu to lay (lay = draw/lose?)
Betfair only offer a free £20. So if bet manu to lay on betfair with the figures you just posted, I'll get a free £20 in the end?
Whereas if manu win I'll get the a free £50 since ladbrokes offer 50??
Sorry for all the q - just trying to get this rightBeefcake. BEEFCAKE!!!
Sports? Yeah I do sports, sport of aesthetics / *mixed race crew*
All hail Thor.
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01-13-2013, 05:27 AM #115
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01-13-2013, 05:28 AM #116
Also remember betfair give a £25 free bet when you place a BACK bet at betfair.
You can kill 2 birds with one stone, bet £20 on Boyle sports on the Carlisle match today to be 3.5 goals or more at 3.0. Bet £40 on betfair on it to be under 3.5 goals at 1.53. You then get a free £20 at Boyle sports and a free £25 at betfair!
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01-13-2013, 05:30 AM #117
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01-13-2013, 05:30 AM #118
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01-13-2013, 05:31 AM #119
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01-13-2013, 05:35 AM #120
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