*Official* India in South Africa

[duffer]

Oh god no.

 

[Jono]

Oh FFS.

 

[Blaze 18]

Steyn

 

[Teja.]

If you want proper arbitrages you need an exchange (like Betfair) and not a bookies website (like Bet365).

I can still assist with betting on Bet365, but you won't make long term arbitrages on their. Not properly.

Arbitrage is a scenario where you can gamble in a way where you stand to gain(different amounts obv.) regardless of result, amiright?

 

[Bun]

Steyn @ 151 kmph!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Cevno]

If you want proper arbitrages you need an exchange (like Betfair) and not a bookies website (like Bet365).

I can still assist with betting on Bet365, but you won't make long term arbitrages on their. Not properly.

Is it allowed in India though?

Any chance of getting caught?

 

[Prince EWS]

Arbitrage is a scenario where you can gamble in a way where you stand to gain(different amounts obv.) regardless of result, amiright?

Yes, but that's only ever going to happen if you bet at different times throughout the match on different options. When you make the first bet, there's no way of guaranteeing the odds will change in such a way throughout the game to ensure you can arbitrage. That's the point though - if you always bet on "overs" throughout a Test, the odds should correct themselves to rectify that as the Test unfolds and you'll be able to make a profit regardless.

 

[Prince EWS]

If you want proper arbitrages you need an exchange (like Betfair) and not a bookies website (like Bet365).

I can still assist with betting on Bet365, but you won't make long term arbitrages on their. Not properly.

DWTA.

 

[Prince EWS]

Oh FFS.

THE BYLAW WILL HAVE TO WAIT!!

Great commentary.

 

[Jono]

Arbitrage is a scenario where you can gamble in a way where you stand to gain(different amounts obv.) regardless of result, amiright?

Yes, but that's only ever going to happen if you bet at different times throughout the match on different options. When you make the first bet, there's no way of guaranteeing the odds will change in such a way throughout the game to ensure you can arbitrage. That's the point though - if you always bet on "overs" throughout a Test, the odds should correct themselves to rectify that as the Test unfolds and you'll be able to make a profit regardless.

Indeed.

The reason Betfair is better for it is it allows you to bet "for" and "against" a result.

So for example, I never bet on India or the draw at all in this test. I just bet on South Africa, then later bet gainst them, then later bet for them, then later bet against them etc. No different to short-selling shares.

DWTA.

Okay well it's a lot easier on Betfair with 3 results available. If I was on Bet365, and bet on SA to win, and then wanted to arbitrage by betting on India to win, I'd also have to risk some on the draw as well. Otherwise I wouldn't have achieved a true arbitrage.

 

[Uppercut]

It's not really much different to any other type of sports betting, you're just exploiting the tendency of punters to overreact to extremely short-term events as opposed to exploiting their tendency to (say) overrate Australia.

 

[Turbinator]

As much as I would've liked for us to win this match, really proud of the boys for fighting it out and drawing this series 1-1. Yes, that means I believe we won't lose this from here on.

 

[Jono]

It's not really much different to any other type of sports betting, you're just exploiting the tendency of punters to overreact to extremely short-term events as opposed to exploiting their tendency to (say) overrate Australia.

Yes it is.

Because the bookies take into account other factors to ensure they profit.

E.g. if lots of people put "India to win the World Cup and Sachin to win most runs", and before the final Sachin is already confirmed to have the most runs, then the odds on India to win the World Cup will be shorter than it should be. Why? Because the bookies need to compensate for the potential lost money if India win, as they'd have to make a mass pay-out.

On Betfair as there is no bookies, rather only an exchange of punters, it's just you taking advantage of people's stupidity.

 

[Briony]

As much as I would've liked for us to win this match, really proud of the boys for fighting it out and drawing this series 1-1. Yes, that means I believe we won't lose this from here on.

They should call it off now. No hope of India losing from here. The pitch ended up behaving itself pretty well.

 

[Teja.]

On Betfair as there is no bookies, rather only an exchange of punters, it's just you taking advantage of people's stupidity.

Sounds extremely fun tbh.

 

[Uppercut]

Noo, I'm not comparing betting on Bet365 to betting on Betfair, I'm comparing using arbitrages on Betfair to regular betting on Betfair.

 

[Jono]

Ah right, apologies.

 

[Uppercut]

Sounds extremely fun tbh.

You should start playing poker

 

[Prince EWS]

Indeed.

The reason Betfair is better for it is it allows you to bet "for" and "against" a result.

So for example, I never bet on India or the draw at all in this test. I just bet on South Africa, then later bet gainst them, then later bet for them, then later bet against them etc. No different to short-selling shares.

Okay well it's a lot easier on Betfair with 3 results available. If I was on Bet365, and bet on SA to win, and then wanted to arbitrage by betting on India to win, I'd also have to risk some on the draw as well. Otherwise I wouldn't have achieved a true arbitrage.

Bet365 has the "Double Result" market though which I've found is extremely close to betfair's laying when you're talking about a Test match result.

 

[Prince EWS]

You should start playing poker

Tbh, I should start playing poker. Although only finishing fourth in the CricSim poker tournament probably isn't a glowing endorsement, even though it had 40 odd people in it, because it was CricSim.