[arie1985]

Before it's gone - GOOD I wish I won't be a US citizen!!

People - if you know a way to get a $10k International CC, not US card, so I could deposit money into Betfair please tell me, I will take care of the proxy and I have an address outside of US and documents and everything, I just need a way to deposit $10k in to Betfair ASAP!!!

Look at this:

http://i25.tinypic.com/avn5no.jpg

The line on Nadal to win the Rolan Garos is 1.73 in Betfair
The line on Nadal to lose the Rolan Garos is 2.50 in BookMaker!!

http://i28.tinypic.com/k0kjtf.jpg

Very simple Math shows:

You invest $10,000:

$5,850 on 1.73 = $10,120.5
$4,150 on 2.50 = $10,375

In other words you either get free $120.5 or $375 without risking anythng. You can play a little bit with the numbers, but don't you want free money?

I know for some of you it sounds little and you can find easy 1.05 odds and place $10k but this isn't gambling - this is being smart. You get free money without risking a dime.

Problems: CC fees and everything - any way to get over this fellows??

[daggerkobe]

why not just deposit to Bookmaker and get 20% bonus?

[durito]

betfair charges commision

[pico]

betfair charges commision

there goes the free money

[arie1985]

there goes the free money

They charge like 5% of your winnings.

5% of $100 is $5.00 - that shouldn't be the problem here

[arie1985]

why not just deposit to Bookmaker and get 20% bonus?

Because that's not free money. That's free money that you must risk before you can get it.

[pico]

Because that's not free money. That's free money that you must risk before you can get it.

$1 free play is about 75 cents in real money.

[daggerkobe]

if I know gamblers they're not going to sock away that 100 bucks for a rainy day, they're going to bet it. so I'd rather get a 2000 free play with BM.

[durito]

They charge like 5% of your winnings.

5% of $100 is $5.00 - that shouldn't be the problem here

your winnings at betfair are a lot more than $100

[arie1985]

your winnings at betfair are a lot more than $100

The $10k isn't included.

[arie1985]

if I know gamblers they're not going to sock away that 100 bucks for a rainy day, they're going to bet it. so I'd rather get a 2000 free play with BM.

Well, I'm not trying to be one.

[mathdotcom]

this thread is not sharp

[durito]

The odds are 1.7 after commission, which is still a profitable scalp.

Of course you can't play at betfair, so it's not really relevant.

[daggerkobe]

its an ok find but I think too much work for too little money.

just visit finance forum on fatwallet.com and there are dozens of banks listed giving away free 100s of dollars just for opening free bank accounts with little or no money.

[durito]

I wouldnt want to put 10,000 online just to make 500...but thats just me I guess

yea 5% in a day sure sucks

[durito]

yep, free money sucks

i should probably get a real job

[pico]

its an ok find but I think too much work for too little money.
just visit finance forum on fatwallet.com and there are dozens of banks listed giving away free 100s of dollars just for opening free bank accounts with little or no money.

bingo. moving over 20k across books is not free and effortless.

[durito]

most people are funded at betfair and bookmaker already

[pico]

Very simple Math shows:

You invest $10,000:

$5,850 on 1.73 = $10,120.5
$4,150 on 2.50 = $10,375

wait, i am a bit confused. 1.73 is -137 in american
and 2.5 is +150 in american

$5,850 on 1.73 = $10,120.5 seems wrong.

here is the update:

Bet #1: $5,000
Bet #2: $7,225.74
Total Bet: $12,225.74
$ Profit: $274.26
% Profit: 2.2433%

still a profit, but you need to figure in the betfair take, which i have no clue what it is.

[durito]

it's 4% which makes the odds 1.7008 or -142.7

[pico]

it's 4% which makes the odds 1.7008 or -142.7

-142.7 and +150 are certainly scalpable, but not really worth it because when you excute 12k bet without moving lines too much at the two books takes skill and experience.

[pico]

+140 at BM now, opportunity gone.

[Stacocakes]

You are correct Pico. 1.73 is -138 odds
So basically you are doing one bet at -138 and one bet at +150
Factoring in the 5% though if you win at betfair makes this bet unprofitable. You could make very little doing this

[Stacocakes]

I bet with Betfair and its a pain always trying to factor the percentage into the calculation. I decreased mine to 3.8% thankfully so its not as bad as 5% but its still a pain in the ass

[Stacocakes]

and to correct a post above, the 5% is on NET winnings so in the case of the bet above, the TOTAL amount won at betfair would be subject to the 5% because the offsetting bet was made at a different book

[arie1985]

wait, i am a bit confused. 1.73 is -137 in american
and 2.5 is +150 in american

$5,850 on 1.73 = $10,120.5 seems wrong.

here is the update:

Bet #1: $5,000
Bet #2: $7,225.74
Total Bet: $12,225.74
$ Profit: $274.26
% Profit: 2.2433%

still a profit, but you need to figure in the betfair take, which i have no clue what it is.

I don't know the numbers you're using.

1.37 means double the amount you risk by 1.37
For instance $100 x 1.37 = $137

Very easy.
I like the European style (decimals or fractions), I have no idea how the American thing works - you say 900 with plus minus or god knows what... not my style

[arie1985]

+140 at BM now, opportunity gone.

They probably read posts here.

[arie1985]

and to correct a post above, the 5% is on NET winnings so in the case of the bet above, the TOTAL amount won at betfair would be subject to the 5% because the offsetting bet was made at a different book

Not true!
Betfair charges only from winnings:

http://betfair.weblog.com/

from $500 to $543 - the winnings are only $43 and they charged 5% from $43, not from $543

[pico]

I don't know the numbers you're using.

1.37 means double the amount you risk by 1.37
For instance $100 x 1.37 = $137

Very easy.
I like the European style (decimals or fractions), I have no idea how the American thing works - you say 900 with plus minus or god knows what... not my style

i like the european sytles as well...it is easier to write excel forumulas. i am used to american odds, and 97% of the poster here are Euro odds illiterate.

american odds is conceptually simple but tricky as hell to program. any euro odds higher than 2, you just subtract 1 and add a plus sign in front. euro odds less than 2, you just subtract one and take the recipical and put a minus sign in front.

minus in american means you have to risk his much to win 100. plus sign in american means you win this much with 100.

[arie1985]

i like the european sytles as well...it is easier to write excel forumulas. i am used to american odds, and 97% of the poster here are Euro odds illiterate.

american odds is conceptually simple but tricky as hell to program. any euro odds higher than 2, you just subtract 1 and add a plus sign in front. euro odds less than 2, you just subtract one and take the recipical and put a minus sign in front.

minus in american means you have to risk his much to win 100. plus sign in american means you win this much with 100.

Too complicated...

There should be an International mutual 'language' for this.

[Stacocakes]

arie they charge you on net winnings on betfair 5%
If you are making these bets your only winnings would be from betfair if that wins and your loss is from another site. If you won one bet and lost the other both on betfair then the net amount would be small like you say but you would be winning on betfair and losing on bookmaker so the 5% would be for the total amount won
And Nadal on betfair to win the tournament is 1.73 right now which would be 5850 in your example to win 4270.50. Its european odds.You don't times it by 1.73.I work with these odds everyday

[rake922]

i didnt say %5 sucks...I said I wouldnt want to put all that money online...meaning tieing up 10000 up for however long it could take plus dealing with books now can be rather painful at times. AND its not even for 500, its for 120 or 375 which is 1.20% or 3.75%...which like I said is not worth it for the hassle...but for you, maybe it is...."to each his own"

You could make 50k+ a year easily doing it