Arbitrage calculator
In sports betting, arbitrage wagering is a way of betting on different outcomes of a match, game, or event with different bookmakers to ensure a profit regardless of the result. It is based on finding discrepancies in the odds offered by the bookies and placing bets accordingly. But how can you find these opportunities and calculate the optimal stakes for each bet? That’s where an arbitrage calculator comes in handy.
This is a bet-assisting software that helps you determine the amount of money you need to bet on each outcome to secure a profit. It also tells you the percentage of your return and the total profit you can make.
You can use it for two types of arbitrage betting:
2-way arbitrage betting
Involves wagering on events that have only two possible outcomes. Such as tennis or basketball matches. For example, you find a bookmaker that offers odds of 2.00 for player/team A to win and another bookmaker that offers odds of 2.10 for player/team B to win. You can place bets on both players and make a profit no matter who wins.
3-way arbitrage betting
Is when you bet on events that have three possible outcomes. Such as football or hockey matches. For example, you find a bookmaker that offers odds of 2.50 for team A to win, another bookmaker that offers odds of 3.00 for team B to win and a third bookmaker that offers odds of 4.00 for a draw. You can place bets on all three outcomes and make a profit no matter what the result is.
The difference between 2-way and 3-way arbitrage betting is that the later arbitrage betting requires more money and more bookmakers to find profitable opportunities. It also has lower returns and higher risks than 2-way arbitrage betting.
To use the arbitrage calculator, you need to follow these steps:
- Select the type of event (2-way or 3-way) and enter the total amount of money you want to bet.
- Enter the odds for each outcome from different bookmakers or betting exchanges. You can use decimal, fractional or American format.
- Click on the calculate button and see the results. The calculator will show you how much money you need to bet on each outcome, the percentage of your return and the total profit you can make.
The arbitrage calculator is a useful tool for anyone who wants to try arbitrage betting and make risk-free profits. However, finding arbitrage opportunities can be challenging and time-consuming. You need to compare the odds from different sources and act quickly before they change. That’s why it’s advisable to use a reliable agent that can provide you with a bet assisting software and access to multiple bookmakers and betting exchanges. If you want to learn more about such an agent, visit our complete guide for betting and discover how we can help you become a successful arbitrage bettor.
