Not much discussion on arbitrage around here, so I thought
i'd post some research and advice I've found. Please note, much of this is researched from other sources with my input.

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Calculator
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The free arbitrage calculator I use is this:



Some of the key features you will find:

You can use UK odds(e.g 5/2), EU odds(e.g 3.4), US odds(e.g -220) at the same time, without changing any settings in the main arbitrage calculator.
There is no accept or calculate button. This has been designed from the ground up to be as fast as possible to use. It will update all the calculations as you type.
It can be used for up to 8 standard arbitrage selections or it can be used for greening up trades on Betfair style sites (FAST!)
Both modes have multiple features, including equal split winnings, favourite only or even smoothing the bets to the nearest 5 or 10 to not make bookmakers suspicious.
Works as a standalone Windows application as long as you have .NET 3.5 SP1 installed.
It is only 52K with no install or registry changes leaving your PC as clean after you use it as it was before you used it.
Absolutely no spyware.

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Bookmakers and keeping accounts open.
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Bet round dollar numbers.
Never work out your stakes to round amounts, e.g. stake to $100 or $500
Make it an odd amount.

When your account is winning with a bookie, use the basic fake-a-loss technique by laying your bets off at Betfair.
I find the best way to "transfer" winnings back to Betfair, is to back very short soccer or tennis bets and lay off on Betfair.
If the bet wins, you're not increasing your winnings enough to get you shut down, and sooner or later something will fall over.

You don't want to look professional, so never withdraw winnings in the conventional manner and rest winning accounts in favour of losing ones.
Many times this strategy also gives you a reload bonus from the bookie because they notice you've stopped betting with them.

Avoid moving money into and out of your accounts using banking any more often than is absolutely necessary.
Bookies incur quite significant banking costs if you use bank cards.
If they are already having doubts about your account, there is nothing quite like a whole pile of bank fees to tip them over the edge.

A really good way of getting accounts limited is to open an email about a reload offer, make a debit card deposit, milk the offer, then withdraw all your money again.

Use Skrill or Paypal to deposit or withdraw.
Spread your Arbs amongst a few bookies if possible.
Arbing is all very well but if you are placing $200 bets on some obscure event, it won’t be that long before your bookie limits you. It would be better to place four arbs of $50 across a whole range of bookies, so the risk of unwanted attention is reduced.

More to follow...

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