Arbitrage bet calculator guide
Are you tired of losing money on sports betting? What if you could guarantee that a bet would make a profit for you regardless of the outcome of the event? This is the concept of arbitrage betting. To make your life easier with arbitrage betting you can use our arbitrage betting calculator.
This powerful tool can help you identify profitable betting opportunities and calculate the exact amount to bet on each outcome. With our bet calculator for arbitrage betting, you can minimize your risk and maximize your returns, even in the most competitive sports markets.
In this guide, we’ll dive into the mechanics of the arbitrage bet calculator and explore how it can help you win big. Whether you’re a seasoned bettor or a beginner looking to up your game, the bet calculator for arbitrage wagers is a must-have tool in your arsenal. So, let’s get started and discover how you can take your betting strategy to the next level.
Understanding the arbitrage betting calculator
Before we dive into how to use our calculator for arbitrage betting, let’s first understand what it is and how it works. Essentially, an arbitrage bet is a betting strategy that leverages the differences in the odds offered by a number of bookmakers.
By placing wagers on all of the outcomes of a given event across different bookmakers, a bettor can guarantee a profit regardless of the outcome. Our arbitrage betting calculator simplifies the process of identifying and placing these bets by automatically calculating the exact amounts to bet on each outcome.
The bet calculator for arbitrage works by comparing the odds offered by different bookmakers for a given event. It then calculates the total amount to be bet on all possible outcomes of the event to ensure a guaranteed profit.
Our calculator takes into account the commission charged by the bookmakers and the amount to be bet on each outcome based on the odds offered. By using the betting calculator for arbitrage, bettors can eliminate the guesswork involved in arbitrage betting and ensure a profit every time.
Benefits of using our betting calculator for arbitrage bets
Using our arbitrage calculator for bets offers several benefits to bettors looking to maximize their returns. Firstly, you can choose the type of odds that you are comfortable with. Some bookmakers offer odds in decimal format while others use fractional odds. Also, our calculator allows you to use a distributed bets model or a fixed amount model.
Secondly, the calculator figures out the exact amounts to be bet on each outcome, minimizing the risk of human error and ensuring that the bettor maximizes their returns. Finally, using an arbitrage betting calculator can help bettors to take advantage of fleeting opportunities in the market, as the calculator can quickly identify profitable bets before the odds change.
Understand how arbitrage betting works
To effectively use our bet calculator for arbitrage, it’s important to understand how arbitrage bets work in practice. Let’s say that you want to place a bet on a football match between Manchester United and Arsenal. One bookmaker offers odds of 2.1 for Manchester United to win, while another offers odds of 2.2 for Arsenal to win.
By placing a $100 bet on Manchester United with the first bookmaker and a $90.91 bet on Arsenal with the second bookmaker, you can guarantee a profit of $9.09 regardless of the outcome of the match. This is because the total amount bet is $190.91, but the potential winnings are $200, resulting in a guaranteed profit of $9.09.
While this may seem like a small profit, it’s important to remember that arbitrage betting is all about finding small discrepancies in odds that can be exploited for profit. By using our bet calculator for arbitrage bets to identify these opportunities, you can make small but consistent profits over time.
How to use our bet calculator for arbitrage bets
Using our arbitrage bet calculator is simple and straightforward. To use the calculator, simply enter the odds offered by different bookmakers for a given event. The calculator will then calculate the total amount to be bet on each outcome to ensure a guaranteed profit.
Our calculator even allows you to adjust the commission charged by the bookmakers to get a more accurate calculation. Here are the steps that you need to follow:
- Choose the type of betting odds that you want to use. You have the choice of American odds, fractional odds, or decimal odds.
- For the first outcome, enter the best odds from your chosen bookmaker. If it is a betting exchange that charges a commission you can enter the commission amount.
- For the second outcome, enter the best odds from your chosen bookmaker. If it is a betting exchange that charges a commission you can enter the commission amount.
- You need to decide if you want to enter a fixed amount for your stake or use the distributed bets model. If you want to go for a fixed amount then enter your total stake.
- Our calculator will automatically determine how much you need to stake on each outcome.
- If you are betting on a football match with 3 possible outcomes (home win, away win, or draw) then you can add a third outcome by clicking on the +Add Outcome button.
- To start over with a different bet, click on the Reset button.
When using our bet calculator for arbitrage, it’s important to remember that the odds offered by bookmakers can change rapidly, especially in the lead-up to an event. It’s important to act quickly to take advantage of profitable opportunities before the odds change.
Our calculator is only designed for arbitrage betting. You cannot use it for other types of bets. For example, if you are interested in 2-way Dutch bets then you would need to use our Dutch bet calculator for this.
Best sports for arbitrage betting
While arbitrage betting can be used across a range of sports, there are some sports that are better suited for this strategy than others. Sports with a high volume of bets, such as football and basketball, tend to offer more opportunities for arbitrage betting due to the large number of bookmakers offering odds.
Additionally, sports with a high degree of unpredictability, such as tennis and horse racing, can also offer profitable opportunities for arbitrage betting. Horse racing can be too complex for arbitrage betting at times so we recommend tennis (2 outcomes), and football (3 outcomes) as the best arbitrage sports.
Other bet calculators to help you win more with your betting
Our arbitrage betting calculator is an essential tool if you are considering placing arbitrage bets. But we have other bet calculators available to help you with other types of bets. For example, if you like to place trifecta bets then we recommend that you use our trifecta betting calculator to make better decisions.
Our arbitrage bet calculator is a powerful tool that can help you to maximize your returns and minimize your risk. By calculating the exact amounts to bet on each outcome, it simplifies the process of arbitrage betting and ensures consistent profits over time.
While it’s possible to make a living from arbitrage betting, it requires a significant amount of time and effort to identify and place profitable bets. Additionally, bookmakers may limit or ban bettors who consistently use arbitrage betting strategies.
The accuracy of arbitrage bet calculators depends on the quality of the software and the accuracy of the odds provided by the bookmakers. Our calculator is very accurate and you can rely on it to ensure accurate calculations.