Well..Hi,
First of all I don't think your question should be posted in this category. But I guess it's fine and I'll try to answer your questions.
You mentioned in your post that you'd like to use OW for Value Betting and Bookmaking (In BetFair)..I'm not sure if you're actually referring 'moulding' a abitrage where by you get a sure-win wager (back/lay). Anyway, I'll still try to answer what I can make out...
Quote:| Wich profit margin for an "1X2" event : 10% is it good, to low, to much ? |
- A 10% PM should be fine for an average bookmaker. Ladbrokes, often fluctuate their PM from as low as 9% to 15% depending on the match. If it's a big match, usualy the PM will soar.
Quote:| When place the offers ? 1 week before, 3-4 days before ? |
- If you're looking to lure a dumb and new punter to back your lays/lay your backs...You should post your offer as soon as the market opens.
Quote:| Is it better to play a complete day in one league or choose 2 or 3 matches with no great fav ? |
- If you're seriously looking for value bets, choose a couple of matches with the edges like around 5%-15%, You won't have much everyday, so you'll probably end up with only a few matches or even none.
Quote:A major league has more offers and exchanges but they are more difficult for a complete offer because the prices moves a lot and an offer has more probability to finish unmatched.
A minor league has a little market but the offers have a great chance to be matched.
Am I right ? Wat is the best way to place offers ? |
- Well, there's really no 'best' way to place offers. In an exchange like Betfair, the winnings only heads to three parties namely, the boss of BetFair, the sharp punter which won't bother about value bets but still rake in big money...and last but not least, the last few 'bookmaker's who's willing fork out odds providing the punters the least edge or none at all. It's practically a man-eat-man situation there at exchanges, so it's difficult...That's what I can say.
Lastly, one note. Value Betting requires a BIG pocket.. with a BIG HEART of patience... One who follows value betting can find themselves losing straight for days and weeks... So be prepared.
(Edited by: 17 March, 2006 - 23:50:16) |
