“Sports Arbitrage Calculator
With Mini Tutorial…..”
From: Wes Wiseman
Date: May 23, 2013
Dear Friend,
Here’s how it works, you simply enter the numbers into the blue boxes and click on ‘Calculate’ to get your results, click on ‘Reset’ if you want to calculate again.
Sports Arbitrage Calculator:
Odds Conversion
There are 3 different types of odds…..
- UK (fractions: 1/2, 11/13, 1 1/3, 2 1/4)
- Euro (decimals: 0.2, 1.3, 2.0, 6.5)
- US (positive or negative numbers: 100, 2000, -250, – 3400)
Some important notes…..
- You must convert to decimals because calculators use Euro odds.
- For UK odds, rather than typing 1 1/2 or 3/2, type in 1.5 instead.
- For US odds, (negative odds), do NOT enter the negative (-) sign.
Sports Arbitrage Calculator:
2-Way Arb
A 2-way arb involves 2 bookmakers and has 2 outcomes.
1. Enter the odds for bookmaker A and B
(example: 1.2 and 8.0)
2. Enter your total stake
(example: £1,000)
3. Click on ‘Calculate’
4. Ensure the arb % is below 100%, which means an arb exists.
5. Round off your stakes to the nearest £5
(£869.57 ~ £870)
(£130.43 ~ £130)
6. Click on ‘Calculate’ again
7. Rounded stakes must add up to original stake
(example: £870 + £130 = £1,000)
8. Look at the returns in both profits and ROI. Any arb above 2% is good
9. Go place your bets
Sports Arbitrage Calculator:
3-Way Arb
A 3-way arb involves 3 bookmakers and has 3 outcomes.
1. Enter the odds for bookmaker A, B, and C
(example: 4.29, 3.35 and 2.25)
2. Enter your total stake, which is £1,000.
(example: £1,000)
3. Click on ‘Calculate’
4. Ensure the arb % is below 100%, which means an arb exists.
5. Round off your stakes to the nearest £5
(£238.82 ~ £240)
(£305.83 ~ £305)
(£455.33 ~ £455)
6. Click on ‘Calculate’ again
7. Rounded stakes must add up to original stake
(example: £240 + £305 + £455 = £1,000)
8. Look at the returns in both profits and ROI. Any arb above 2% is good
9. Go place your bets
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www.SportsArbitrageBook.com
