Arbing : Do I need to be careful?
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Hi,
I was a bit bored yesterday so just started using Oddsmonkey and taking arbs on a lot of horses with bets of about £25 each time (on my gubbed accounts).
I fairly quickly had my stakes limited by Stan James, but was wondering is there any reason why I shouldn’t be doing this, especially on my non-gubbed accounts?
Can the bookies find out that you are just betting on arbs?
It seems like I made an easy £20 yesterday, so wondered if I need to watch out or not!
cheers
Martin+0May 3, 2016 at 9:59 am
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New to matched betting?
My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Stan James are pillocks matey.
I would not however do an ‘arb’ on any account you don’t want to lose.
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I’ve been arbing on and off for about a year. I’ve lost a fair few accounts, though it seems that folk who don’t arb but who only do matched betting have lost a similar number of accounts. Despite arbing for a year I’ve still got laddies, hills, betfred, totesport, 365, etc. If you want to risk it you can make a decent amount of money, though try to fly under the radar with £5-10 bets. Don’t do £50 bets on obscure South African racing or Icelandic footie correct scores!
The matched betting offers seem to be drying up a bit so I’m just trying to make as much as poss whilst I can. You lose accounts arbing, matched betting and a few pals who only mug bet have lost accounts.+0
I only arb in the high street shops (sharb) but it can be quite lucrative and you won’t get gubbed as quickly as online. Bournemouth were recently 3.75/2.95 so £25 per £100 staked. Usually there are limits in shop but if you live in a city with lots of shops in close proximity it can turn into a decent hourly rate!
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Was doing this yesterday with Unibet…tons of arbs on their horse racing odds they are very slow to update. I know I can get gubbed very quickly, but unibet very rarely do any decent offers and I probably made more yesterday with them arbing than I have in a year with them matched betting due to their lack of offers. I therefore say if you are gubbed already but can still do decent size stakes/theres a bookie you never use then why the hell not arb arb arb.
+0You could multisurebet to stay under the radar:
https://i.imgur.com/Dq85fL4.png
From:
https://www.surebetmonitor.com/2011/07/04/lesson-12-multisurebets-great-way-to-avoid-limit/+0
Out of interest, how do they actually know you are arbing and not just taking a punt?
I’m defo going to continue this on my gubbed accounts and ones that have no offers like comeon!
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I’m scraping the barrel with matched betting now, after being gubbed by nearly everyone.
A couple of weeks ago I found I had £200 in Stan James, and they had a 110% arb on odds monkey, rather than withdraw I stuck it on there. Long story short, did this for 10 days with several bets a day of £100-£200 before they shut me down this morning – made just short of £500 (significantly more than I was making from them previously!)
Stan James are often at the top on odds monkey, but going to try this with some other accounts where I’m gubbed now, what’s the worst that can happen?!
Hopefully add the last but of cash to the profit before it’s officially all over!+0Get regular offer updates, tip and tricks, big offer alerts and more straight to your inbox.
I think the worst that can happen with arbing is they refuse to pay you your winnings/account balance as they treat it very strictly. Anyone care to say if thats FACT or not I just heard it on grapevine
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Pretty sure they can’t keep balance…..not against the rules to bet lots of money on a horse. They can’t prove you’ll gone and laid that horse on an exchange….they must take thousands of bets on a horse race. Knowing which £100 bets is regular punts or arbers….no way of knowing imo
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I’ve taken about 50 big arbs with Stan James in the last 2 weeks (108-120%), for £100-£200 each.
This morning they emailed saying they were closing my account, but still honoured the £300 of outstanding bets I had for today – didn’t keep the balance, didn’t try to cancel and return stake just let the bets run then closed the account.+0
fair enough sounds fair enough
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No arb but unibet have closed my account today. Looked through the t and c’s and they can freeze the money in an account and close you down with no explanation. Just gave me a list of loads of different reasons. Keep your funds low. They probably all have the same rules.
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something smells fishy. A bookies like Unibet who isn’t exactly a small fry…can’t just keep your money with no explanation…..if they were allowed to do that they would just pick accounts at random with high balances? I would have thought they would have to give legitimate reasons as to why they were keeping the balance and give some sort of appeal. Definitely very strange.
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I agree with Ryan, they cannot simply keep your money for no reason. Arb betting is not illegal, bookies just don’t like it, some more so than others. I do it from time to time and so far SJ is the only one to close my account. But they did give me my money back.
A friend of mine had his account suspended when he bet on a serie B match that was suspected of match fixing. He was just unlucky but even then it’s just suspended pending further investigation…
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Looking through the terms and conditions for Unibet, or any bookmaker for that matter, it becomes clear that they really can do whatever they want. Of course arbitrage isn’t illegal, but it breaks several terms (they can choose whichever they like). Interestingly, Unibet even have an exceptional clause that I’ve never seen before:
“…where account holders act together to place a series of bets on the same event or competition. Where there is evidence of account holders acting together in this manner Unibet reserves the right to make the relevant bets void and/or withhold payment of returns pending the outcome…”That’s basically what people have been doing on forums, such as on here. If you actively collaborate to arb, it would appear that you break so many terms for Unibet – the one mentioned above is obviously ridiculous; but they protect themselves wherever possible, I guess.
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