Arbitrage Calculator
An arbitrage calculator is a tool that helps bettors find opportunities to make risk-free profits from sports betting. It works by comparing the odds offered by different bookmakers for the same event and finding the best combination of bets that guarantees a positive return regardless of the outcome. It also shows the bettor how much to stake on each bet and how much profit to expect. An arbitrage calculator is a valuable tool for any bettor who wants to avoid losses and secure steady long-term gains from sports betting, especially during major events like finals or derbies. However, using an arbitrage calculator requires careful research and fast execution, as the odds can change quickly and the bookmakers can limit or cancel the bets.
How to use this tool
- Choose the type of event you want to bet on: 2-way (two possible outcomes) or 3-way (three possible outcomes).
- Enter the total amount of money you are willing to bet on the event.
- Enter the odds for each possible outcome from different bookmakers or betting exchanges. You can use any format: fractional, decimal, or American.
- The calculator will show you how much you should bet on each outcome with each bookmaker or exchange to guarantee a profit no matter what happens. It will also show you your potential profit for each outcome and your overall profit.
The 2-way and 3-way arbitrage
Before using this calculator, you should know that there are two types of arbitrage betting. Two-way arbitrage, also known as a sportsbook arbitrage or sure bet, occurs when there are only two possible outcomes of an event. Such as a basketball game or a tennis match.
Three-way arbitrage occurs when there are three possible outcomes of an event. Examples are a soccer match or a hockey game.
Conclusion
This bet-assisting software helps punters who specialize in arbitrage to make the best and most profitable decisions about how to hedge their bets. The more you practice arbitrage, the more complex the calculations become to find the best bet combinations. Where can you find such a helpful tool? Check out the complete guide for betting from BET-IBC betting agent.