Arbitrage Calculator
Calculates total value attained (positive or negative) in the completed multiway scalp and calculates bet size on each result to fully smooth results.
If the odds offered on the different outcomes of a bet are sufficiently large then a opportunity referred to as a scalp is different. This is by betting on every possible outcome of the occasion where a bettor can secure risk-free gains.
By way of example, if one book were offering the Yankees to win against the Blue Jays in -150, and yet another book were offering the Blue Jays to win against the Yankees at +155, then for each $100 you bet on the Yankees, were one to wager $65.36 on the Blue Jays, you would guarantee a secure gain of $1.31 or even 0.791%.
Likewise, if a specified contest had 4 possible outcomes (such as, say, the number of contestants remaining on a season of American Idol, or the amount of teams staying in the NCAA championship ) and by shopping lines at different publication you were able to discover odds of +400 on each one to win, then by betting the exact same amount on every team or contestant you’d have the same rewarding result (+25%) no matter the results.
This calculator may also be used to determine the theoretical grasp (also known as vig or juice) charged by a book on a given market. By entering a given book’s lineup on every event result corresponds to the theoretical grasp of the book. This represents the quantity the book expects to create on average with any bet. For example, if a book is offering team XYZ to triumph at -107 and is also offering team XYZ’s opponent to succeed at -107, we note this suggests juice of 3.271% (i.e.,% Loss of -3.271%).
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