Dirty little arber

I've been undertaking in a bit of arbitrage betting (or arb betting for short) over the last couple of days. From my general observations this practise is generally frowned upon and you'll get your bookmakers accounts closed pretty sharply if you undertake it to any great degree. But I personally favour the Back to Lay arb which is taking a bigger price with a bookmaker and then laying it for a shorter price on Betfair (even with the commission charge taken into account). Essentially it's much like any trade on Betfair but instead you've guaranteed yourself a profit before the event as even started, this is where the great competition in the bookmaker industry comes to your advantage as they will generally try and compete on price where they see fit now that there's various odds comparison sites out there that punters have become aware of.

The typical arb for me at least is usually only around the 2% mark, but it is totally risk free money providing you place the bets correctly and use a reliable bookmaker(s). Don't know whether I could see myself doing this long-term because there's limits and the highly likelihood of accounts getting closed which don't make it appeal to me, then again there's no harm in the occasional arb that will cover the cost of your lunch or go back into your betting bank. Read more about arbitrage betting here

I actually had a poor day trading on Wednesday which was part of the reason why I decided to do a few arbs and step away from the trading for a while. November performance still looking good but a couple of poor trades knocked me a bit and I think I'm better stepping back from the trading for a while.

My football bets are up on my blogabet page for this weekend, main fancies are in opposing West Brom at home to Stoke and betting Man City with a draw no bet away at Fulham. My Premier League picks have gradually improved over the last couple of weeks hopefully another decent profit can help me reduce my overall loss so far this season.

I think Sparky's Fulham will find it difficult up against his old employers.

My Tip of the Weekend: Man City (DNB) @ 1.72 (Coral)