Should I share my findings?

[Never_loose]

I would be curious to hear the bookmakers side on this one.

This evening I spotted Tiger Woods at wsex at $30.00 on the sell (you payback $100.00 if he wins otherwise you keep the $30.00) and 4.0 on the buy at easybets. So if you take $25.00 and buy at 4.0, your covered and end up with a $5.00 profit if Tiger wins or looses.

My question is what do I do with this information?

A) Keep it for me - Bookmakers will not appreciate it if I "spread the news"

B) Share it - The books involved will appreciate the business

I figure that bettors will be more than happy to hear it, but I would like to get feedback from the bookmakers side.

As I've said before;

In conclusion, I think online sportsbetting will tend to create bookmakers that gamble a bit more and gamblers that gamble a bit less.

[AussieVamp2]

see Scott L, this loose/lose thing is an exponentially spreading disease - 10 years ago, nowhere near such a big problem

With the internet, seems to get worse and worse, not sure why, as sports fans should have seen win/lose about a billion times in print, eh?

[reno]

Never_Loose, what you've discovered is called a "scalp." Many players, though none I would ever associate with, actually make a living stalking scalps in the sportsbetting cyber-jungle.

[bucky]

I see it. That bid-ask stuff is tricky. I thought each contract was based on $100. Bid price of 30 and you sell you need to lay 70 to win 30. Ask price of 35 and you buy you lay 35 to win 65.

[This message has been edited by bucky (edited 07-18-2000).]

[mls]

The problem is Easybets ...

First, I have $200 limit there ...

Second, they have terrible customer service and are verrrry slow in paying ...

When everyone has Tiger at about 2-1 something is wrong with Easybets' 3-1 ...

Too bad Easybets is the "find" ...

[Never_loose]

I'm sorry for the loose/lose thing, as you can see english is not my native language. I will take note of this and apply it in the future, but it's a word I don't spell too often

[Scott Landau]

For a real explanation of lose/loose, the man to see is '4 of a kind'. If Ralph Kiner was the king of malaprop, 4 is the king of myspelt words...glad he doesn't read 'Oddwiz'!

[Never_loose]

bucky:

The contract stuff IS tricky, you sort of have to think backwords when you sell. I would say it like this:

Ask price of 35 and you buy you lay 35 to win 65 (buying is like standard betting). Bid price of 30 and you sell, you "restrict" $100.00 but receive the $30.00 right away. The "restricted" money will be frozen until the event is completed, if your player wins the book will take it out of your account, but the $30.00 is always yours to keep.

So when you sell it's realy like if the bookmaker is making a bet with you, he is giving you $30.00 to win $70.00.

I hope this makes it a bit more clear.

[bucky]

No I'm with you. I use it once in awhile. The most you can lose if you sell is 70. In your first post I thought you thought you would be laying 100 to win 30. Nice Play! I don't look at golf much but you have a good idea there.

[This message has been edited by bucky (edited 07-18-2000).]

[Bob]

You are probably safe in a major championship, but there is a problem scalping WSEX markets and staight futures in golf.
WSEX requires four full rounds to be played on golf interactives, otherwise all plays are a push. Meanwhile most golf futures pay off on any official result.

Consequently, on any rain shortened event your scalp will fall apart and you'll be left with your future wagers only.

[Bob]

By the way, Tiger opened on the sell at $35 and is now at $29 which means quite a few people have already shorted him.

Good luck to them because I think they'll need it.

[Never_loose]

Bob:

Good observation, thanks for your input. I'm not getting much success in hearing from bookmakers about this.

I was wondering if creating a site, for example www.scalpshare.com would be well received or not. It would be a bit on the principal of ebay, where you put up your scalp, like in this case it could say:

Player_joe:Golf/easybets/wsex/5%

Meaning that Player_joe is proposing a scalp in golf involving easybets and wsex, and the return on investment is 5%. Then if you want to "buy" the scalp, you would be given the detailed information. Say the scalp cost $2.00, $1.50 would go to Player_joe and the house (me) would keep $0.50. And so on, once the scalp is not valid anymore it would be "killed" and disapear from the list. Then we could have a bunch of statistics on which players posts good scalps, how long they "live", and eventualy you would trust some players more than others because of their good stats. Hopefuly some non-gamblers would join and would do the hunting of lines, and the big players would not mind giving a $2.00 for a viable scalp. Books could also join and "check" the market.
Think this would have any probability of working out?

Comments/ideas/suggestions would be appreciated.

[bucky]

Bob,
Thank you very much for your post! Very valuable information to have.

[bucky]

Loose,
Scalps like you found are like gold. Apparently you played it for the max and that's all you could do. I couldn't use it as I only had one leg at WSEX. Didn't see anybody else with as high of odds as Easybets.
In baseball you only have a few minutes to get your scalp played once you find it (sometimes less). In other sports you have a little more time. You can never have enough safe outs or money spread around. Otherwise, it seems you have one leg but can't get enough down on the other leg.
Where do you live? If two or three guys were good buds and treated each other right there are definitely ways they could profit from a mutual relationship.

[This message has been edited by bucky (edited 07-19-2000).]

[This message has been edited by bucky (edited 07-19-2000).]

[freak]

To answer your question....

You already answered it with the letter

B

[This message has been edited by freak (edited 07-19-2000).]