Hi Neil, as someone who obviously likes to put it to the oddsmakers I just wondered if you have any opinions or experience of arbitrage in the betting world ?
Time was when I could look at the spreads find a good value market and then study the plethora of fixed odds to find guaranteed profit given any outcome. This got even better when the exchanges first started up as it was possible to use the less researched (by the traders) sports ie lower level rugby and then make your own market on the exchange.
Now however, it would seem that even lacrosse, GAA sports and "Madeupistan" 4th division football has an expert making the spreads. Value is thinner than a supermodels waistline and trying to even find arbitrage is almost impossible.
Not everybody liked "Arbers" as they felt it was like theft but to me it was simply a reward for diligent research. Now its all you can do to find a beatable spread, although I suppose if it was easy everyone would do it.
Yours in sport