Pinnacle/Tradesports arbitrage opp

#1 10-23-2005, 06:22 AM

As of 2 mins ago:

Pitt -1 +113 (Pinny)
Cinci +1.5 -110 (TS)

Enjoy

LLXC · #2 10-23-2005, 06:29 AM

I'm sorry. TS?

#3 10-23-2005, 06:32 AM

read the subject line

DougOzzzz · #4 10-23-2005, 07:46 AM

Didn't last long.

Nice find though - guaranteed small win plus a shot at a HUGE middle.

LLXC · #5 10-23-2005, 08:27 AM

[ QUOTE ]
read the subject line

[/ QUOTE ]

I'm blind. [img]/images/graemlins/crazy.gif[/img]

ctv1116 · #6 10-23-2005, 09:56 AM

Hopefully, you know that there are two commissions levied on the Tradesports side, .4 to be the market taker and take the -110 and another .4 if you win the bet. This makes the bet much less +EV, possibly even -EV.

#7 10-23-2005, 10:49 AM

I always compute commissions on TS trades. I'm a TS old-timer. At the time of the bet, Cinci +1.5 was 52, thus 52+0.4+0.4=52.8....52.8/48=-110

ctv1116 · #8 10-23-2005, 11:08 AM

aite, just wanted to make sure.

#9 10-23-2005, 11:32 AM

Just picked up another one:

Dall/Sea under 45.5 -110 (TS)
Dall/Sea over 45 +107 (Pinny)

No it's not risk-free but 45 is an awfully nice number to middle. Alas it's gone now.