I saw an arb yesterday that promised to return a ROI of 8.57%. As far as arbs go, this was a "big" arb. The arb was fairly straightforward, back the Tennis player to win his match (Frank Moser v Marco Chiudinelli). Marco Chiudinelli was priced at 1.30 with Getwin.com, and available to lay at Betfair at 1.17. Simples?? No, not really. I put £100 on Chiudinelli, only for it to be declined!! This was my first bet with this company, and their liability would have been £30! I can't believe that they were scared of paying out on a paltry £30 if he won!! Anyway, by the time, I had worked out the maximum amount I could put on (£50), the odds had dropped to 1.25. I still took advantage of the arb and made a 4.40% ROI, but I did feel like it was a missed opportunity.
I haven't really had the funds to take advantage of a few more arbs, as I'm waiting for a lot of funds to clear back into my bank account. I'm thinking of using Moneybookers, but I saw a little paragraph somewhere that said if they ever go into liquidation, you may not get your funds back. This has put me off for the time being. I'd rather withdraw as soon as a bet is finalised to minimise my risk. I may be incorrect, but this paragraph just stuck in my mind.
Finally, another little gripe I have at the moment is bookmakers that either charge you a deposit or withdrawal fee for use of your debit card. When these bookmakers have the best odds on a market, it normally means I won't do that arb. It's just not worth it. Some bookmakers charge 2.5% for a deposit, and then a withdrawal fee too! Sometimes, it's better to read the small print before chasing a good looking arb.
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