With one of the blighters winning, it leaves me a bit short in covering funds for Betfair lays whilst I get the money out of the bookies and back into the bank. Â Good job I am actually going to Cheltenham tomorrow (corporate hospitality from Betfair) so will not be arbing at all.
While writing the last post, the prices of both my selections shortened, so I have lost out a bit on that. Â It doesn’t always pay to be greedy. Â This prices can just as easily move against you. Â Also, taking to larger price at the bookie on a steamer will increase the chances of the account being closed/limited. I have also noticed a tendency for a couple of Ladbrokes arbs to be wildly wrong in price. Â I must investigate why. Â My price scraping software is obviously picking up the wrong price at the bookie.
Well this shows how the prices can change is only Â a few minutes. Â BACK IN FOCUS has drifted out to 3.95 to lay, so I took that, even though I lost out a bit and will only make Â£24 on the arb. Â But conversely, my Â£500 at William Hill now makes me Â£86, so by 14:05, I’ll be Â£110 richer and I’m committing just over Â£2,500, so my return is nearly 4.4%!
Here is a screenshot at 08:32 and the two I’m going for are PONT ALEXANDRE with William Hill for Â£500 and BACK IN FOCUS at Paddy Power for Â£250. Â I will also see what they will stand on SPRINTER SACRE – being odds on, I might even get a grand on it. Â But of course if it wins, I will have a amassed a samll fortune in Paddy Power which will take a few days to transfer back into my bank etc
So I played with 3 arbs today for just over Â£130 profit. All horses lost, so the profit is now in Betfair where it will be siphoned off into my “pension fund“
with Â£400 on across 2 bookies, the lay at 4.7 is for a backer’s stake of Â£473.12 securing a profit of Â£49.46
I spotted this and decided to get on quickly because the price was a bit volatile having been as low as 4.8 on Betfair. Â By the time I got on at the bookies for Â£200 at each of Totesport and Betfred, the Betfair price had risen to almost wipe out any potential profit but a few minutes later had dropped below 5.0. Â I am waiting for 4.7
With the arb being beaten, the money at the bookies is lost and the Betfair coffers are swollen. Â I prefer this because I need more funds in Betafir to cover the lays. Â Too many arbs winning means
I am already forced with some books to use their shops as my online account is severely restricted. Â I am very grateful for having mobile internet
Haven’t had much time for arbing this morning so my current status is as per 10am with all matched on the Cheltenham bets. Â Cheltenham and other big meetings can be great for early liquidity, but it takes it away from the other meetings somewhat.
So I’ve tied up approx Â£3,150 for a Â£51 profit so I’m going to be a bit more picky this afternoon to see if I can back another Â£30 or Â£40 quid with another Â£2000-Â£2500
MY TENT OR YOURS all matched now at 3.1 so my running total is Â£82 profit for the day so far. Â Time for coffee
The bookies cut the price at about 09:15 and it drifted out to 3.2 to lay for a while before coming back in again.
Now Stan James have prices up, another Â£400 on MY TENT OR YOURS will give another Â£36 if matched at 3.1. Â I am prepared to risk it since I already have some profit on here. Â I also put Â£100 on THE DRUIDS NEPHEW at both Tote and BetFred for Â£15 total. Â I need to keep an eye on the 13:30 in caseÂ MY TENT OR YOURS drifts. Â Anything over 3.35 and I’m losing.