Posted June 17, 200916 yr http://www.paddypower.com/bet?action=go_ty...&AFF_ID=369 On Chelsea official site - i've just had 100 on at 4's and laid it back on betfair at 3.6 ! In other words - if Chelsea fail to win the league you recoup your £100 If they win it £140 profit GET ON !
June 17, 200916 yr seems to good to be true it's called spread betting, I know a few people who do it for a living
June 17, 200916 yr What a con !!!! The maximum bet they allow me to make is a poxy £12.65 !!!! It is a good job that I already have £250 at 4/1 which I got earlier with Victor Chandler.
June 17, 200916 yr Author What a con !!!!The maximum bet they allow me to make is a poxy £12.65 !!!! It is a good job that I already have £250 at 4/1 which I got earlier with Victor Chandler. I was on with VC a month ago as well TT ! Secret is, with as it's called in the industry 'arbing' you get marked up pretty quickly, get a mate betting on golf, sports and football NEVER HORSES ... I use his account with all the bookies , as horse betting goes i'm £10 a bet everywhere but on sports the world is my oyster ! A few of us in the office have got between £1.65 and £100 on .... betfair will see us drift only a little !
June 17, 200916 yr Author it's called spread betting, I know a few people who do it for a living It's called Arbing Bluenut !
June 17, 200916 yr Can you explain this more thoroughly? I'm pretty green in terms of betting, so I'd like to fully understand this before I do anything. Not saying that I will, I just want to understand it.
June 17, 200916 yr Can you explain this more thoroughly?I'm pretty green in terms of betting, so I'd like to fully understand this before I do anything. Not saying that I will, I just want to understand it. on betfair you can choose to back odds or offer odds easier with an example: on paddy power, you can get odds of 4/1 on chelsea winning the league (5.0 decimal odds). so £100 on gets you 500 back on betfair you can "lay" chelsea winning the league at 3.6. this means you are the bookie and are offereing odds of 3.6. so if you lay £100 at 3.6 and chelsea win the league you lose 360 so if chelsea win the league, you are 140 up (500-360) if chelsea don't win the league you are level as the 100 bet you put on chelsea with paddy power is offset by the 100 you get from people backing chelsea at the odds you offered on betfair so you can't lose only problem is waiting a year to collect and having 460 spare as you have to cover your loses on betfair. so to be able to lay 100 at 3.6 you need to have 360 in your account (it will come out of your account until the bet is settled ie. end of the season) Edited June 17, 200916 yr by sexelk
June 17, 200916 yr It's called Arbing Bluenut ! it's the same thing mate. Arbitration traders are in mostly financial industry, trading physical commodities against financial ones, trading the difference between prices, usually listed on exchanges. They trade the spread between prices and are refered to as spread traders, or trading the arb 'arb traders'
June 17, 200916 yr Author on betfair you can choose to back odds or offer oddseasier with an example: on paddy power, you can get odds of 4/1 on chelsea winning the league (5.0 decimal odds). so £100 on gets you 500 back on betfair you can "lay" chelsea winning the league at 3.6. this means you are the bookie and are offereing odds of 3.6. so if you lay £100 at 3.6 and chelsea win the league you lose 360 so if chelsea win the league, you are 140 up (500-360) if chelsea don't win the league you are level as the 100 bet you put on chelsea with paddy power is offset by the 100 you get from people backing chelsea at the odds you offered on betfair so you can't lose only problem is waiting a year to collect and having 460 spare as you have to cover your loses on betfair. so to be able to lay 100 at 3.6 you need to have 360 in your account (it will come out of your account until the bet is settled ie. end of the season) Spot on , but us lucky ones in the horse industry, get to know a horse that is backed early doors at say 7/1 ... drops on betfair to 5.6 for example and today is pay day !
June 17, 200916 yr Author it's the same thing mate. Arbitration traders are in mostly financial industry, trading physical commodities against financial ones, trading the difference between prices, usually listed on exchanges. They trade the spread between prices and are refered to as spread traders, or trading the arb 'arb traders' Difference is bluenut is if you place a spread bet you rely on it going up or down - you can win a lot or lose a lot. Spreads on cricket and rugby are nightmare's ! With arbing ( if you get rid of it or know when to get rid of it ) you cannot lose. Today was a clear case .... but if you want a cert dropper tmoz - get on freemantle at ascot with hills or paddy power at 11/8 ! But don't come looking for me if it drifts mate !!
June 17, 200916 yr Star, I always look for the Quadruple bet every season (you never know, it may come in one year). Anyway, Totesport are giving a wopping 400/1, which is great odds. The only downside is that have a maximum bet which they allow. Now, Totesport is a major bookmaker, so wait until I tell you what their maximum bet is ! It is £3 !! How pathetic is that.
June 17, 200916 yr Author Star,I always look for the Quadruple bet every season (you never know, it may come in one year). Anyway, Totesport are giving a wopping 400/1, which is great odds. The only downside is that have a maximum bet which they allow. Now, Totesport is a major bookmaker, so wait until I tell you what their maximum bet is ! It is £3 !! How pathetic is that. TT, though I work for the 'magic sign' have to say since the introduction of betfair most bookmakers and especially traders are running scared of laying bets in the traditional way. I know a lot of old timer traders who have jacked it in principle. l guess like most of us you scan oddschecker, wait for everything to go blue and click on to Bet 365 only to get laid £3.65 ( they should change their name to bet 3 pound 65 !) just because it's half a point under on betfair. Watch Hugh Taylors tips on at the races website ,,, they crash the prices everywhere , without laying hardly anything. He's lucky he's at the top of the tree, he picks a 10/1 shot ... his boys get on ... then it's all over the website - it's 5/1 everywhere he lays it back with more than a bit to spare. Same with pricewise, those boys are loaded take it from me. The game just isn't the same anymore, but as we both know their is a window of opportunity for those with plenty of cash and an oyster card in London !
June 17, 200916 yr I was on with VC a month ago as well TT ! Star, I have my £250 on us to win at 4/1 but I don't want to counter bet it on Betfair as I want to actually win the money when we win the league this season. Instead, I have put a small saver bet on a straight forecast with manutd to win it and for us to be 2nd (£60 at 9/2). I really don't think liverpool or arsenal can finish above us this season, so the straight forecast could prove to be a good saver bet. And, I don't mind losing the £60 if we win the league as I will have a big return to come back.
June 17, 200916 yr Star, Ok, I will have to ask ! Who is "Magic Sign" ? I'm going to be embarassed if I should already know.
June 18, 200916 yr Author [quote name='Star' date='Jun 17 2009, 20:29 PM' post='203692' Today was a clear case .... but if you want a cert dropper tmoz - get on freemantle at ascot with hills or paddy power at 11/8 ! Now 2.2 to lay .... hope you were all on early ( magic sign were 11/10 ) Paddy were 11/8 .... best odds guaranteed ... win would be handy but if it loses money back guaranteed !
June 18, 200916 yr Author Star, I have my £250 on us to win at 4/1 but I don't want to counter bet it on Betfair as I want to actually win the money when we win the league this season.Instead, I have put a small saver bet on a straight forecast with manutd to win it and for us to be 2nd (£60 at 9/2). I really don't think liverpool or arsenal can finish above us this season, so the straight forecast could prove to be a good saver bet. And, I don't mind losing the £60 if we win the league as I will have a big return to come back. Fair play TT, Did you back us for the Champions League ? I've done it for the past 5 years or so. Got on at 9.6 for £400 this year, laid half back at 8.8 already, will chip away as we progress. Always have the field up 'in green' by the semi's - apart from the year bloody Porto won it ! When the Ronaldo deal news broke I had a little on Real and laid that back as well ... that yellow info bar on sky sends betfair mental and often us bookmakers are half asleep or busy with the Horse arbers to notice quick enough. Good luck with your footy punting next season mate.
June 18, 200916 yr Did you back us for the Champions League ? Star, Yep, I have £200 @ 8/1 for Champions League. £200 @ 7/1 Carling Cup, and £200 @ 5/1 for FA Cup. Mostly I only bet on Chelsea. I only occasionally bet on other stuff. Most profitable is when we keep a clean sheet and I bet on the score (e.g. 1-0, 2-0, 3-0) depending on the opposition and whether we are home or away. At home I would often cover 2-0 and 3-0 and away 1-0 and 2-0. Over the season I can usually make a profit.
June 21, 200915 yr Betting has always interested me. Its just that I don't have means to spend on betting (no credit card). Is someone over here kind enough to teach me the basics and transfer some money to my PayPal account (or whatever is required) to get me started?
June 21, 200915 yr Betting has always interested me. Its just that I don't have means to spend on betting (no credit card).Is someone over here kind enough to teach me the basics and transfer some money to my PayPal account (or whatever is required) to get me started? If Santa's listening, some money into my account would be nice too! I don't need to be taught the basics of spending money, so you won't need to waste time on that! But Kalpitv, I can teach you one basic rule of gambling - 99.9% of people who do it lose money!
June 21, 200915 yr If Santa's listening, some money into my account would be nice too! I don't need to be taught the basics of spending money, so you won't need to waste time on that!But Kalpitv, I can teach you one basic rule of gambling - 99.9% of people who do it lose money! Now that's easy! I'm all for it! ;)
