ARBITRAGE HELP
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If you are not in the UK then please click here.
The Betometer Arbitrage function is used for UK Horseracing and looks at their Win and Place markets on http://www.betfair.com
It is also looking at the odds for those races given by the bookies as displayed on the bookmakers page.
This is where the prices for all the major bookies are displayed.
Like all good methods it is a simple one. It is a fact that bookmakers offer 1/5th and 1/4th the odds on the place part of an each way bet; and this is usually more generous than the place odds on Betfair.
The Betometer Arbitrage function makes a comparison of the prices to see if there are sufficient discrepancies for you to make a profit and you are given several betting choices.
These are more like trades because unlike a bet where you stand to lose money if you are wrong, with The Betometer Arbitrage function the worse that can happen is you just don’t win any money.
Not only is it the most efficient arbitrage and free bet finder, it also has its very own, highly effective system for predicting whether a horse will shorten in price on Betfair.
See also the Betting Form Data help page.
The method is for you place an each way bet at the bookmaker then lay the win part off on Betfair, leaving you with a place bet at value odds. There is also the option that if the place odds on Betfair are considerably shorter than the place odds with the bookmaker then you can lay this off as well for free money.
Quick guide to getting started. Use Test Mode while you are learning.
Click a runners name to select it and then the data for stakes and odds are analysed to calculate best value bets for you.
In this example 10 each way bet with the bookmaker is laid against Betfair
with stakes of 13 for the win market and and 11.93 for the place market.
The profit you make is:
4.93 if the horse wins
4.28 if the horse is placed
3.69 if the horse is not placed
Return back to The Betometer Arbitrage function menu for explanation of all the arb' functions.
THE BETOMETER ARBITRAGE FUNCTION OVERVIEW