1. What Is Arbitrage Betting?

Arbitrage betting (also known as "arbing" or "surebets") is a strategy that involves placing bets on all possible outcomes of an event across different bookmakers to guarantee a profit regardless of the result.

2. How Does The Calculator Work?

The calculator uses the arbitrage formula:

Where:

• \( Odds \) — Decimal odds from different bookmakers
• \( \sum \) — Sum of the inverse of all odds

Explanation: If the sum of the inverses of all odds is less than 1, an arbitrage opportunity exists. The calculator then determines the optimal stake distribution to guarantee profit.

3. Identifying Arbitrage Opportunities

Details: Arbitrage opportunities occur when different bookmakers offer odds that create a mathematical discrepancy. These opportunities are typically short-lived as bookmakers quickly adjust their odds.

4. Using The Calculator

Tips: Enter decimal odds from different bookmakers for all possible outcomes of an event. Add your total stake amount. The calculator will determine if an arbitrage opportunity exists and provide the optimal stake distribution.

5. Frequently Asked Questions (FAQ)

Q1: Is arbitrage betting legal?
A: Yes, arbitrage betting is legal, but bookmakers may limit or close accounts of successful arbers.

Q2: How much profit can I expect from arbitrage betting?
A: Typical arbitrage opportunities yield 1-5% profit, though higher percentages are occasionally possible.

Q3: Do I need accounts with multiple bookmakers?
A: Yes, you need accounts with different bookmakers to take advantage of price discrepancies.

Q4: What are the risks of arbitrage betting?
A: The main risks are odds changing before you place all bets, human error in calculations, and bookmaker restrictions.

Q5: Can I use this for sports betting?
A: Yes, this calculator works for any event with multiple outcomes where different bookmakers offer discrepant odds.