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What is an arber?

Viewing 14 posts - 1 through 14 (of 14 total)
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  • #12064
    crizzy
    Participant
    • Total Posts 788

    Can anyone explain in VERY simple terms? I know this has been a topic before but normally a discussion with people who already know.
    What is a good example?
    Cheers
    Crizzy

    #239590
    Goldikova
    Member
    • Total Posts 1537

    Say for example there’s a tennis match. One player is 11/10 with one firm, and his opponent is 11/10 with another firm. If you backed both you’d be guaranteed a minimal profit.

    #239591
    crizzy
    Participant
    • Total Posts 788

    And this makes them unpopular?

    #239598
    BennyB
    Member
    • Total Posts 235

    An arber is somebody who engages in arbitrage – which means to seek a risk-free profit in any financial market. This could be to exploit mispricing between markets, or between layers.

    An example would be to back a horse at 7-2 with a bookmaker and simultaneously lay it at 100-30 on a betting exchange. Another would be, at two sets all in the Wimbledon final, to back Andy Roddick to win 3 sets to 2 at 13-8 in the correct score market whilst simultaneously laying Roddick in the win market at 6-4.

    Why they are unpopular is a mystery to me. Betting markets, like financial markets rely on efficiency, and arbitrage simply makes pricing efficient. I can’t see the problem.

    Besides which, it’s very rare that it would be entirely risk free – how do you place two bets at exactly the same time? You could get one on and find the price gone in the other, leaving you with a position you didn’t want.

    #239601
    Glenn
    Participant
    • Total Posts 1988

    Arbers are the greatest threat to our way of life. They are evil penny pinching bogeymen who, if left unchecked, threaten to destroy all that we hold dear.

    Full marks to the

    Racing Post

    for bringing this important issue to our attention

    every

    week and allowing a bookie’s rep to hold forth on it. Less pressing issues, like the defrauding of punters by clerks of the course and wholesale cheating by certain jocks, are quite rightly put on the back burner while these monsters are confronted in our trade paper.

    #239614
    thedarkknight
    Participant
    • Total Posts 1299

    I don’t think most bookies are arbers, marble…

    Have to agree with Glenn – I think the RP has done the "What do you think of arbers" question to death now….

    I think a better question qould be – how many arbers are there on UK Horse Racing? The early liquidity is so thin these days that I can’t believe anyone makes serious money out of arbing. The expression has now become a "catch-all" term for punters who will only bet with bookmakers when the odds are lower on BEtfair.

    #239616
    Neil Watson
    Participant
    • Total Posts 1376

    I thought Dover was one, Along with Portsmouth and Southampton.

    #239623
    % MAN
    Participant
    • Total Posts 5104

    Absolutely nothing wrong with arbing at all – it is simply taking advantage of ricks in the market.

    If the bookmakers create arbing positions then they can’t complain when the more astute punter takes advantage of the situation.

    It is just bookmakers don’t like the fact they don’t hold all the aces any more.

    #239658
    BennyB
    Member
    • Total Posts 235

    I never know whether to take you seriously or not Glenn…..

    #239664
    dave jay
    Member
    • Total Posts 3386

    Bookmakers have made their view on arbing quite clear through the Racing Post. This is the single biggest excuse for bookies offering everyone a poor price.

    Anyone suspected of thinking about arbing will have their accounts restricted to a fiver at SP.

    Contrary to popular belief I think the arb situation in racing is almost non-existant, unless your doing it in-running. I put it in the same category as the bloke running up and down the pitches at Epsom have 50K cash with everyone on the favourite, it’s urban mythology, unfortunately.

    #239667
    Goldikova
    Member
    • Total Posts 1537

    Absolutely nothing wrong with arbing at all – it is simply taking advantage of ricks in the market.

    If the bookmakers create arbing positions then they can’t complain when the more astute punter takes advantage of the situation.

    It is just bookmakers don’t like the fact they don’t hold all the aces any more.

    I’d go along with that. Sour grapes from the bookies.

    #240357
    robert99
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    • Total Posts 899
    #240381
    Spitfire
    Participant
    • Total Posts 184

    When looking to arb always make the back before the lay and try whenever possible to arb on the same exchange, that way the commision won’t kill you, it’ll only half kill you.

    #240402
    rory
    Participant
    • Total Posts 2685
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