1. What is a 3 Way Arb Calculator?

The 3 Way Arb Calculator calculates the arbitrage percentage for three different betting outcomes. It helps identify profitable betting opportunities across different bookmakers by comparing odds.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( \text{Odd1} \) — Decimal odds for outcome 1
• \( \text{Odd2} \) — Decimal odds for outcome 2
• \( \text{Odd3} \) — Decimal odds for outcome 3

Explanation: The formula calculates the total implied probability of all outcomes. A negative result indicates an arbitrage opportunity.

3. Importance of Arb Calculation

Details: Arbitrage calculation is crucial for identifying risk-free betting opportunities and maximizing profits across different bookmakers.

4. Using the Calculator

Tips: Enter decimal odds for all three outcomes. All values must be greater than 1. A result below 0% indicates a profitable arbitrage opportunity.

5. Frequently Asked Questions (FAQ)

Q1: What is arbitrage betting?
A: Arbitrage betting involves placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.

Q2: What does a negative Arb % mean?
A: A negative Arb % indicates a profitable arbitrage opportunity where the total implied probability is less than 100%.

Q3: How accurate should the odds be?
A: For effective arbitrage, odds should be collected simultaneously from different bookmakers to avoid price changes.

Q4: Are there risks in arbitrage betting?
A: While theoretically risk-free, practical risks include odds changing, account limitations, and human error in calculations.

Q5: What is a good Arb % for profitability?
A: Typically, any negative percentage represents profit, but most arbitrage opportunities range from 1-5% profit.