Author Topic: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE  (Read 50142 times)

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #15 on: 03 Oct 2010, 11:31 »
It also has to be said, that it requires to bet manually with the bookmakers. I haven't tried Race Synergy but the usual problem is that the bookmakers prices will not be updated fast enough. Most of the times, the odds are no longer available with the bookmaker which can lead to frustration....

There is also a "semi automatic" mode, if we can say.
That means, instead of searching for the web page at the bookie site, to open the relevant page immediately.
Rebelbetting is providing something similar. When an arb is selected the software opens in Firefox the relative web pages (for all arb legs) and calculates also the money to bet.

Best Regards,

Theodore

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #16 on: 03 Oct 2010, 13:40 »
This system involves the placing of an each way bet with a high street bookmaker. It is hoped that there will be opportunities to take advantage of differing place prices between that bookmaker and Betfair.
In order to play the place markets it is first necessary to cancel the win portion of the each way bet by placing a lay bet on Betfair. This will usually lead to a loss, albeit not usually a big one, but stll, nevertheless, a loss. Any possible profits made in the place market will have to be defrayed by the losses incurred in the win market.
In view of the complexity of the operation and its associated risks with the practicaliities of placing bets with high street bookmakers, I do not feel that the system is of particular value. I am not saying that it cannot make money. I think, however, that close examination of the place markets on Betfair and confining oneself to bets on the Betfair place market only may prove to be more rewarding.

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #17 on: 03 Oct 2010, 13:58 »
Actually, if applied with confidence, the system does not require any kind of lay bets. Or maybe just lay the win but not the place. It is true that the lay bets might "eat up" value.

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #18 on: 03 Oct 2010, 14:32 »
Hi nigelbleddfa1,
I think you are wright in most of the cases.
I don't know what is happening in horses but in soccer there are opportunities.
These opportunities are also on the bonuses offered from the bookies (bonus hunters) in combination with arbitrage (arbs) between markets.
Also, if the entry point in our strategies has higher odds (on other than BetFair bookies) our bet (strategy) has definitely more value.
Last year more and more arbs derived from combined markets, so, BetFair might be one arb leg (not very often I must say) and bonus hunting insurance leg as well.
Of course the whole operation needs many accounts in at least 10-20 bookies and a software system to log everything in a database.

Example:

Ionikos FC - OFI Kreta
Football:  Greece,  Greece B Ethniki 2010/2011
03/10/10 16:00 - OU (2.5)
Under (Back) - 1.50 - Stan James
Under (Lay) - 1.34 - Betfair

Arbitrage between Stan James and BetFair
Bonus on Stan James (up tp 50 euros - new user account)

On the above arb (and bonus) the software must:
1. Find the arb
2. Select the user account at Stan James and login
3. Bet at Stan James with the selected user account
4. Declare the bonus (if the conditions are met after the game)
5. Bet via MF in Betfair - arbitrage

Don't be happy!!!

This software does not exist YET!!!

Best Regards,

Theodore


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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #19 on: 04 Oct 2010, 18:26 »
A year's subscription is about £200 so, I assume, that you made £ 200 in your trial week. This is a very good result and I cannot understand why you do not continue to use it. Another thing I cannot understand is why these people do not keep this special software to themselves. Also, they have been trying to sell this software for many years. Surely by now they would have made enough money for themselves to be able to give the software away free ?

I will not be buying the product.

I didn't say I wasn't continuing with the software. I just wanted to see what Betometer had to offer. Racing Synergy offers arbs on the win market. Betometer which costs less, offers win arbs, e.w. arbs and a dutching function. Without question Betometer offers more but but the software is nowhere near as user frinedly and nice looking.

I wish I understood dutchingas so many pro bettors use it. As it is I am happy to stay with arbs if I can earn £200+ per week. I have been using MF for years but never mastered a long term winning strategy.

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #20 on: 04 Oct 2010, 18:29 »
I didn't say I wasn't continuing with the software. I just wanted to see what Betometer had to offer. Racing Synergy offers arbs on the win market. Betometer which costs less, offers win arbs, e.w. arbs and a dutching function. Without question Betometer offers more but but the software is nowhere near as user frinedly and nice looking.

I wish I understood dutchingas so many pro bettors use it. As it is I am happy to stay with arbs if I can earn £200+ per week. I have been using MF for years but never mastered a long term winning strategy.

£200 a week is a nice start indeed ... hopefully the system is scalable and your money management is good.

All the best.
Fortune favors the brave!

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #21 on: 04 Oct 2010, 23:39 »
I tried the trial of betometer and although I like the software in principal I've decided not to continue with it for a few reasons:

1.) It's obviously a successor of VHF and Bet-IE software. These two software were sold on a "lifetime" basis and suddenly ceased service without any explanation.

2.) There is no company name and address given, and there are no names at all. There is no explanation how the makers of the new software are related to the old software. They are just offering 20% discount for old Bet-IE and VHF customers. But why are these people hiding?

3.) It is not a official Betfair licensed software and it has no tools to manage API calls.

4.) I really really dislike their marketing campaign. It looks like a scam.

On the arb part, it is possible to integrate it into MFPro. Maybe we should try to bundle resources!

Cheers,
bamthwok

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #22 on: 05 Oct 2010, 17:50 »
Bamthwok

I never used BetIe or VHF so have no truck with the people behind either company. However, having researched the issues you raised it does look like Betometer has been set up to guarantee an annual recurring income. I don't have any problem with that.

I should state as well, that Racing Synergy is run by the person who devised VHM. Did he have anythong to do with VHF? If so, then it is pretty certain he is nothing to do with Betometer. If not, then who knows!

Can we really integrate the arbs into MFPro. If so, that would be brilliant. I know we can link to Oddschecker but I don't have any idea of the programming required to work out how to compare oddschecker (or similar) to Betfair live prices. Way beyond my very limited capabilities!!!

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #23 on: 05 Oct 2010, 18:13 »
Can we really integrate the arbs into MFPro. If so, that would be brilliant. I know we can link to Oddschecker but I don't have any idea of the programming required to work out how to compare oddschecker (or similar) to Betfair live prices. Way beyond my very limited capabilities!!!

We can definitely calculate the arbs at first and then integrate them in an excel sheet that will show arbs for the current market.
Current market will be exported to excel for all necessary calculations and send back to MFP via custom cells.

See the posts:
    
Livescore - new external livefeed to MF via Excel!!!
http://community.marketfeederpro.com/triggered-betting-10/livescore-new-external-livefeed-to-mf-via-excel!!!/

External livefeeds that you wish to have in MFP - Collaborative effort!!!
http://community.marketfeederpro.com/triggered-betting-10/external-livefeeds-that-you-wish-to-have-in-mfp-collaborative-effort!!!/

In the above case instead of arbs worksheet we have livescore worksheet  and market moves worksheet

The procedure is not definetely automatic.
I mean that the BetFair arb leg is handled by MFP , but, the other arb leg(s) should be handled manually on other bookies sites or on a "semi automatic" mode

These opportunities are also on the bonuses offered from the bookies (bonus hunters) in combination with arbitrage (arbs) between markets
Last year more and more arbs derived from combined markets, so, BetFair might be one arb leg (not very often I must say) and bonus hunting insurance leg as well.
Of course the whole operation needs many accounts in at least 10-20 bookies and a software system to log everything in a database.

Example:

Ionikos FC - OFI Kreta
Football:  Greece,  Greece B Ethniki 2010/2011
03/10/10 16:00 - OU (2.5)
Under (Back) - 1.50 - Stan James
Under (Lay) - 1.34 - Betfair

Arbitrage between Stan James and BetFair
Bonus on Stan James (up tp 50 euros - new user account)

On the above arb (and bonus) the software must:
1. Find the arb
2. Select the user account at Stan James and login
3. Bet at Stan James with the selected user account
4. Declare the bonus (if the conditions are met after the game)
5. Bet via MF in Betfair - arbitrage

Don't be happy!!!

This software does not exist YET!!!




Best Regards,

Theodore

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #24 on: 26 Apr 2011, 14:44 »
It's been 6 months since we discussed this topic. I am still using Betometer and I have to say that I do like using it but it does rely on Oddschecker or similar to update regularly and I am finding so often that the prices on Oddschecker are way behind the actual bookie's prices.

I really would love to get MFP programmed to do this for me and I have looked at tpanos' last post over and over again but it is beyond me. I don't even want MFP to place my bets, just give me the arbs.

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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #25 on: 01 Dec 2013, 18:15 »
Is this proven to be effective? I mean has someone done this already and got good profit?
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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #26 on: 02 Dec 2013, 05:58 »
Is this proven to be effective? I mean has someone done this already and got good profit?

I did it a few time and was profitable ... best done with deposit bonuses ... and it quiet a fair bit of work and timing.
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Re: HOW TO SCALP BOOKMAKER PRICES FOR A PLACE
« Reply #27 on: 02 Dec 2013, 12:25 »
Hi it is pointless buying this sort of software anymore as soon as the bookmakers find out what you are doing you are limited to peanuts.Five years ago before the bookies got wise it was a great income, i was making 100k a year now it is impossible, every bookmaker employs staff just to spot the arbers.You will be lucky to get two bets on before you are limited or banned, i am banned from every uk bookmaker and am not allowed in coral or ladbroke shops in my area, they hate people with a passion who do this.
CG

 

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