The problem
It looks like separate bets. It isn’t.
Arbitrage and organised value betting become a different problem when they run through accounts that seem unrelated. Each bet looks ordinary. The pattern only exists across the group.
How it shows up
- 01
Margins that slip on certain markets.
Losses gather where you least expect them.
- 02
Exposure you didn’t choose.
Separate accounts add up to one position.
- 03
Limits that stop nobody.
Restrict one account, and the activity moves to another.
- 04
Traders and fraud teams seeing half each.
Neither has the whole picture.
What you get with Underlayer
See the group behind the bets.
The aim is to spot organised activity across linked accounts.
Skill is not fraud.
A sharp player is not a ring, and we keep the two apart.
A shared view.
One picture for trading, risk and fraud teams.
The commercial decision stays yours.
You set the policy, in line with your terms and your regulator.