Arbitrage Calculator
Calculates total value realized (positive or negative) in the completed multiway scalp and calculates bet size on each result to fully smooth results.
If the chances offered on the different outcomes of a bet are sufficiently large a rewarding opportunity referred to as there exists a scalp. This is by betting on every possible outcome of the event the point where a bettor can secure risk-free profits.
For instance, if one book were offering the Yankees to win against the Blue Jays at -150, and another publication were supplying the Blue Jays to win against the Yankees in +155, then for each $100 you bet on the Yankees, were you to wager $65.36 on the Blue Jays, you would guarantee a risk-free gain of $1.31 or even 0.791%.
Likewise, if a given competition had 4 possible results (for example, say, the number of contestants staying on a season of American Idol, or the amount of teams staying in the NCAA championship ) and by purchasing lines at different book you could find chances of +400 on every one to win, then by betting the same amount on each team or contestant you’d have the same profitable result (+25percent ) regardless of the results.
This calculator may also be utilized to determine the theoretical grasp (also referred to as vig or juice) charged by a book on a given market. By inputting a given publication’s lineup on each event result, then the drawback of the% gain corresponds to the theoretical grasp of the book. This represents the amount the publication expects to create with almost any given bet on average. For instance, if a book is offering team XYZ to triumph at -107 and can also be offering team XYZ’s opponent to win at -107, we see that this suggests juice of 3.271% (i.e.,% Profit of -3.271%).
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