#SPORTS CALCULATOR ODDS HOW TO#
How to Find Arbitrage Bets OpportunitiesĪs sports betting and sportsbooks are becoming more mainstream and popular it has become harder to find Arbitrage Bet opportunities. This being, your money is weighted to one outcome.
If you do feel like this is something you want to do, simply use the Arbitrage Calculator above normally, then, assign a dollar amount on top you want to place on the team/market you believe will win. While in this scenario there is a chance you do lose some money, the purpose of the Weighted Arbitrage is to maximise the return if you believe you have a better than decent chance of picking the winning team or market. To take this a step further, the bettor could use a Weighted Arbitrage Bet where they place more money on the team they believe is going to win. This strategy is a riskier version of an arbitrage bet, however, if used successfully it does ensure a greater profit for the bettor. If the favoured Boston Celtics win the matchup their bet will return them $111.10 securing the bettor a $11.10 profit (11.1% ROI), however if the New York Knicks win, the bettor will only return $100 therefore breaking even and not winning or losing any money. By placing a $44.44 moneyline bet on the Celtics and a $55.56 moneyline bet on the Knicks they have created their arbitrage opportunity. In this example, the bettor believes that the Boston Celtics are going to win the game against the New York Knicks and therefore is willing to earn minimal profit or break even at a chance to ensure a slightly higher return on investment.
#SPORTS CALCULATOR ODDS FREE#
This strategy increases your potential profit on your arbitrage bet, however, instead of walking away with free money there is a chance you will break even and not win anything (or make a small loss). This strategy is used if the bettor believes they have an edge and thinks they know who is going to win the game/market in their arbitrage bet. Strategy B - How to increase your profit if you have a strong lean towards one outcome? This strategy is the safer option and can be used to win free money from your bets (see Risk of Arbitrage betting at the end). Although this doesn't seem like a lot of profit, this can be scaled to suit your bankroll and will earn the bettor a 4.65% return on investment. The bettor has placed a total of $100 in bets on both the Celtics and Knicks, but as shown in the table below, they will be returned $104.65 no matter which team wins. If the bettor was to place $41.86 on the Boston Celtics, and also place a bet of $58.14 on the New York Knicks on the moneyline market on the two respective sportsbooks, they can ensure profit no matter the outcome. Strategy A - How to make a profit regardless of the result? On Sportsbook Z the Knicks are paying -125 to win, while on Sportsbook Y the Celtics are paying +150 to win. This example will take you through two of the main strategies of betting on arbitrage.Įxample: You have $100 and the New York Knicks are playing against the Boston Celtics.
There are many different strategies and methods to bet on Arbitrage Bets. This is a sports betting arbitrage, an opportunity to guarantee yourself a profit no matter the result (e.g + to your bankroll!) In this scenario, no matter who wins the game, the bettor has outlaid $95.55, but will receive back $100 regardless of the outcome. In this scenario, the bettor could place $55.55 on the Houston Rockets with Sportsbook B, to receive a payout of $100 if Houston wins and the bettor can place $40.00 on the Cleveland Cavaliers with Sportsbook A, to also receive a payout of $100 if Cleveland wins. You can see here that there is a discrepancy in the odds, or a disagreement between the sportsbooks over the winning chances of each team. 'Sportsbook A' may open up their market at:Īnd 'Sportsbook B' may open up their market at: Arbitrage opportunities can pop up in betting markets for a variety of reasons, most commonly being a disagreement in Sportsbook opinions on a certain event.įor example, say an NBA game was being played between the Houston Rockets and the Cleveland Cavaliers.
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