Quote Originally Posted by 0james0 View Post
The problem you have with that betting strategy is the other outcomes that could occur. There are many. Although less likely, any gambler knows they can and will come up.

You've covered about 6 of 30 different eventualities. With the most likely return just over double your stake. I doubt you would have an every other or better hit rate to make it profitable long term. I've tried to arb the round betting loads of times and it just doesnt work either, winning on points normally screws the numbers.

I agree with you there is no value in the odds on favourite bets, although sometimes there is good value laying the bet on betfair because the odds are too short.
Well then you are not arbing because if you arb you guarantee yourself no loss. There is loads of value in match betting. You just have to know your odds. For example my latest good value loser. I backed Malik Scott at 4/1 and 5/2 to beat Dereck Chisora. It lost but the price did not reflect his chances of winning the fight. I could have guaranteed a profit by backing Chisora at 6/5 the day of the fight