1. What is 3 Way Arbitrage Betting?

3 Way Arbitrage Betting involves placing bets on all three possible outcomes of an event across different bookmakers to guarantee a profit regardless of the outcome. This strategy takes advantage of discrepancies in odds offered by different betting platforms.

2. How Does the Calculator Work?

The calculator uses the arbitrage formula:

Where:

• \( Total Stake \) — Total amount to invest across all outcomes
• \( Odd1, Odd2, Odd3 \) — Decimal odds for each outcome
• \( \sum (1/Odds) \) — Sum of inverse odds for all outcomes

Explanation: The formula distributes the total stake proportionally to guarantee equal returns regardless of which outcome occurs.

3. Importance of Arbitrage Betting

Details: Arbitrage betting provides risk-free profit opportunities, helps identify market inefficiencies, and allows bettors to capitalize on odds variations across different bookmakers.

4. Using the Calculator

Tips: Enter total stake amount and decimal odds for all three outcomes. Ensure the sum of inverse odds is less than 1 for profitable arbitrage opportunities.

5. Frequently Asked Questions (FAQ)

Q1: What is the minimum sum of inverse odds for arbitrage?
A: The sum must be less than 1. The lower the sum, the higher the guaranteed profit.

Q2: How do I find arbitrage opportunities?
A: Use odds comparison websites or specialized software to identify significant odds discrepancies across bookmakers.

Q3: Are there risks involved in arbitrage betting?
A: While mathematically risk-free, practical risks include account limitations, odds changing before all bets are placed, and human error in calculations.

Q4: What types of events are suitable for 3-way arbitrage?
A: Soccer matches (win/draw/lose), tennis sets, and any event with three mutually exclusive outcomes.

Q5: How much profit can I expect from arbitrage betting?
A: Typical arbitrage profits range from 1-5%, though higher percentages are possible with significant odds discrepancies.