Valuebets said:
Calvin, have you been using polish arbs for a long time? Any bad experiences with it so far? I always thought it is mathematically wrong to do this because the risk and reward is too one sided.
No to both questions. I see in my spreadsheet that I have made about 10-15 polish arbs in the last 2 months (I don't "seek out" those; I simply only consider them when I happen to be staring at SBRLines & see some line movement that intrigued me *or* that it's halftime in NBA and I have both of my books up to compare the sides/totals, etc).
But what I do in my head... I have a few guidelines for myself:
1.) no full polish middle (i.e. -6.5 +109 and +5.5 -103; which means I could lose both bets if something falls on -6+!!! I don't care if it's NBA game total like O196.5 +109 and U195.5 +103 for a 12-cent potential polish arb,
I will PASS just because of *that risk of game hitting on 196*.)
2.) if pure arb, the sky is the limit regarding wagering amounts, obviously... so no qualms with dime bets even if my total BR is still under 10K. *but* for polish arb, I limit to nickel bets on each side with one side having a push "at worst" so I only can lose a maximum of $500-$550 at any given time.
3.) So that if that bad experience that *will come for me; it has NOT come yet...* in where the game falls on that pushed number, I can handle losing $500-$550 to be made up by 2 separate wagers straight up in the future.
(I don't have a "unit" since I am using a money management system in my spreadsheet but my average/median wagers are $100-$250 for any handicapped games. So I'd just wager $250-$275 each and go on a 2-0, 3-1, 4-2 record ---2 more bets won than lost as the goal--- to erase that bad polish arb.)
4.) Yes, the risk/reward looks horrible because it can be average of like $5 profit but risking $500's so I have been selective on this so far... for polish arbs, I will not bother with "3 cents differential"... I'd do this if at least 7 cents or preferably more to justify just a teensy bit...
After saying all that, I much rather focus on great scalping opporunities by betting a ML pre-game where I have a lean on Bodog... then using Pinny Live, while in-game spread/totals change quite a bit, the one constant is what? The game moneyline! So, I am having great success on this so far with no bad experiences *yet*. See my post on this thread by OMT yesterday for a perfect example:
http://forum.therx.com/showpost.php?p=3608377&postcount=16
I personally see that I make more from scalping than polish arbs even as both carry a similar kind of risk, just because all THANKS to live betting, really.
* CalvinTy