What is an
arbitrage calculator
If you are ready to open a betting account it is important to decide if you will work arbitrage or not. Arbitrage in sports betting is exploiting discrepancies in the odds offered by different bookmakers. This allows bettors to place bets on all possible outcomes of a sporting event and guarantee a profit, regardless of the result.
To show how this works: if one bookmaker has higher odds for one team to win and another bookmaker has higher odds for the opposing team to win, a bettor can place bets with both bookmakers and gain a profit.
Arbitrage opportunities
Arbitrage opportunities arise when there are variations in odds across different bookmakers or within the same bookmaker over time. This creates a chance for bettors to take advantage of these differences and make consistent money. But things are not as easy as they seem, there is a lot of math involved here, and calculating not only your payouts, but the odds you need to not lose is not easy.
example
For example, if Team A and Team B are playing football and Bookmaker X offers odds of 2.00 for Team A to win, and Bookmaker Y provides odds of 2.20 for Team B to win, a bettor can bet 100 Euros on Team A with Bookmaker X and $91 on Team B with Bookmaker Y. This way he will break even, and even have a small profit.
arbitrage
calculator
You can use an arbitrage calculator to assist you in deciding how much to wager on each possibility in order to make a profit. It also provides information on the total stake and payment for all of your wagers. All you need to do is enter the stake and odds of your starting bet, as well as the odds for any alternative outcome(s).
The calculator will then perform the calculations and demonstrate how to cover your bets, so go ahead and check our available bet types to make the most of your betting strategy.
