Twitter Watch: Arbers are they value or not?
A bit of discussion on twitter about arbers. Not sure I was able to express myself properly in a tweet. I can understand that an arber or even a pro bettor (or originator) can *sometimes* be giving you actionable or profitable information. I keep getting hit on such and such team, maybe I should adjust my ratings/odds. Thanks for the info . Going forward I will now be more confident in my prices take bigger bets and make more money. Or I have a huge liability on the local home team favourite. I might be prepared to take a negative EV hedge to balance the book a bit. Now I can offer the arbers an arbable and value price for them. They take some. Great, thanks , I've hedged my risk a little which will allow me more stable and constant profits. But sometimes they are not giving you anything useful. The example I used was that of setting prices for overs/unders. To take advantage of bettors bias you want to set a short price on th...