Ok seems some people are havin a few problems, looks like the second string of people to read this thread are thinkin about havin a go now, I'll try and go through each problem again.
Burly said:
Just to clarify, what I'm looking for is a soccer game that is just over odds of 2 for either team to win and being as close as possible. I lay a bet on Betfair for a team to win, and I back/bet for the other team to win on Betfred. And if its a draw I get half from both sites.
Tray and aim for odds much higher than 2 for a start anythin above 3 is better, if you can't find any then so be it but if you can, try and aim for bets with less chance of you winning your bet at the bookie as this will make it easier for future bets.
The bet you are laying at betfair is a bet that any specific outcome
wont happen, i.e. anythin but. So if you are layin United you are betting that whatever happens, they wont win (in reality you are just letting someone else bet you that they will win but this is a better way of explainin it).
I dont know where you got the "get half from both sides" but its more important you don't think like that because any misunderstanding can lead to losing money, which we wouldnt want.
Say if you bet and lay United to win, if they win then you'll collect at the bookies and pay out the liability at betfair. If they lose or draw then you will lose your stake at the bookie and receive whatever you laid at Betfair.
hungryhungry123 said:
last post on my weird calculations, but I found this which I think backs me up : From the FUNDMYDEGREE.com site.:
Arbitrage bets are very very rare, and even more rarer at the kind of percentage you were talkin about. They normally yieled less than 110% so although they are extremely good bets, its not likely that they are gonna bump your profit more than a couple of quid. Good on you if it is right and well done, thats just lucky but its worth checking and double checking and triple checking you have the numbers right as gettin them the wrong way round might lead to disaster.
sniper007 said:
I still don't quite get the whole thing if Im honest. Every example I read I get lost in at some stage during it. The long example posted a page or so back I kind of got, then you tried to post to many things into one step and got me confused.
If its just a couple of bits you arent gettin then post them on here and I'll try and iron out the specifics. If its the total concept you're stuck on and can't get your head round why profit is possible at all then add me on msn and we can go through it bit my bit.
Deiwos said:
Since I can't seem to find it on the Coral T&C - Is the Stake returned on coral or not?
If you are playing with the bog standard £10 sign up bonus offer then it is SR, whenever it doesn't say in the t&cs "stake is not included in payout" or similar then normally you can assume this to be SR.
However, and this is a big however, if you are using the signup offer that I was not aware of until someone posted it entitling you to a £50 bonus then I would go through the t&cs and possibly email them to clarify as I doubt it will be SR with it being such a big bonus.
Phew, hope that helped everyone, I go out for a few hours.....