Arbitrage Calculator
Utilize the arb calculator to increase the likelihood of profitable bets. Smart sports bettors can employ hedging and arbitrage strategies to secure a guaranteed profit regardless of the outcome of a sporting event. Hedging enables you to capitalize on line changes by covering all possible outcomes and ensuring a profit. Arbitrage involves capitalizing on differences in odds offered by different sportsbooks, allowing you to cover all potential results and guarantee a risk-free profit.
Inputs
Number of Bets: Number of unique non-push outcomes possible for the event (equal to the number of horses in the race)Bet #1: The wager placed on the first outcomeLine #N: The odds offered on event #N
Outputs
Number of bets: The total number of unique non-push outcomes in the event (equal to the number of horses in the race)Bet #1: The wager placed on the first possible outcomeLine #N: The odds offered for event #N
Example
If the odds offered on different outcomes of a bet are significantly different, a profitable opportunity known as a scalp can arise. This occurs when a bettor can guarantee risk-free profits by placing bets on all possible outcomes of an event. For example, if one book offers the Yankees to win against the Blue Jays at -150, and another book offers the Blue Jays to win against the Yankees at +155, by betting a certain amount on each team, a bettor can secure a risk-free profit. Similarly, if a contest has 4 possible outcomes and odds of +400 are found for each outcome at different books, betting the same amount on each outcome would result in a profitable outcome regardless of the result. This calculator can also be used to calculate the book’s theoretical hold (vig or juice) on a given market. By entering a book’s odds on each outcome, the negative of the % profit indicates the book’s theoretical hold. This represents the average amount the book expects to make on any given bet. Note: The calculator accepts US or decimal odds, and will convert exchange money lines + commission into zero commission sportsbook-equivalent lines automatically.
Arbitrage Calculator
Featured Underscoregs
Using Arbitrage to Make Money in Sports Betting
Engaging in traditional sports betting is a speculative activity where expertise and research may not guarantee a profit. However, hedge betting and arbitrage betting offer a different approach by allowing you to secure a profit. With these methods, you can view it as investing your money rather than gambling. You don’t even need to be knowledgeable about the sport; all you need is to understand how to hedge a bet and calculate arbitrage. This page provides a comprehensive guide on mastering these strategies.
Differences Between Hedging Bets and Arbitrage Bets
Arbitrage involves monitoring rival sportsbooks for different odds and taking advantage of discrepancies. You can use betting odds comparison pages to find arbitrage opportunities. For example, if Underscoreg A offers -333 odds on the Kansas City Chiefs winning against the New York Jets and +293 odds on the Jets winning, while Underscoreg B offers -227 on the Chiefs and +190 on the Jets, you can bet $145 on the Chiefs with Underscoreg B and $55 on the Jets with Underscoreg A to guarantee a profit regardless of the game outcome. This strategy ensures a profit as one bet will win, resulting in an overall gain.
Hedge betting involves capitalizing on changes in betting lines without the need for multiple accounts at different betting sites, unlike arbitrage. For example, in the UFC 246 fight between Conor McGregor and Donald Cerrone, McGregor opened as the -230 favorite and Cerrone as the +240 underdog. As McGregor became a popular choice among bettors, his odds increased to -330, while Cerrone’s odds drifted to +270 by the night of the fight. By initially betting $230 on McGregor at -230 and then betting $90 on Cerrone at +270, a guaranteed profit could be achieved regardless of the fight’s outcome.
Importance of a Calculator
Determining the optimal stake for each outcome to ensure a profit can be challenging when identifying discrepancies. Fortunately, a hedging calculator and an arbitrage calculator can simplify the process for you. To hedge a bet, input the original bet odds, stake, and received odds into the calculator. Then, enter the current odds for the alternative outcome. By clicking “Calculate,” the hedging calculator will generate the ideal amount needed to wager on the second bet for maximum profit assurance.
Attempting to calculate the ideal stake for a hedge bet manually can be a time-consuming process involving trial and error with a basic calculator. However, utilizing a hedge calculator streamlines this process, quickly determining the necessary bet amount to secure a guaranteed profit at specific odds. This tool is particularly beneficial for handicappers, providing efficiency and accuracy in their betting strategy.
The hedge calculator can also be used as an arbitrage calculator. If you notice a discrepancy in odds between different sportsbooks, you can input the odds for one outcome and the amount you want to bet into the calculator. This will be your original bet. Then, input the odds for the alternative outcome at another sportsbook and click “Calculate”. The calculator will then determine the amount needed for the second bet to guarantee a profit. You can adjust the stake for the original bet as desired, and the calculator will continue to provide the necessary bet amount for the second bet to ensure a profit.
Our hedging calculator and arbitrage bet calculator give you the option to input either decimal odds or American odds. This is helpful for arbitrage bettors who may prefer using decimal odds for calculating bet amounts, back prices, lay bets, and more. With our calculators, sports betting enthusiasts can easily enter their hedge bet in decimal odds, input the hedge odds for the second bet, and determine the necessary wager to guarantee a win regardless of the outcome.
Why Do Multiple Underscoregs Offer Different Odds?
There are multiple factors that can cause two competing sportsbooks to have varying odds for the same game. Differences in how odds are calculated by each book’s compilers, unique strategies to attract customers, and potential errors in judgment can all play a role. Taking advantage of these differences through arbitrage betting can lead to a surefire way to make a profitable return on your bets.
Different Hedging Opportunities
There are various types of hedge bets, such as futures, parlays, pre-game line changes, and live bets. Futures bets offer multiple opportunities to hedge odds and ensure a guaranteed return. For example, if you had bet $10 on the Vegas Golden Knights to win the 2018 Stanley Cup Finals at preseason odds of 500/1 (+50000) and they made it to the Finals, you could have hedged your bet by placing a wager on their opponents, the Washington Capitals, who were +140 to win the Stanley Cup. By using a hedge odds calculator, you would have found that you needed to bet $2,087.50 to make a maximum hedge profit, guaranteeing you a profit of almost $3,000 regardless of the outcome of the game.
Utilizing a live bet as a hedge strategy is a smart way to minimize risk and secure a profit. For example, if you initially bet $100 on the Brooklyn Nets to win against the LA Lakers with +350 odds and they take a significant lead, you may still worry about a potential Lakers comeback. By leveraging live odds that favor the Lakers at -120, you could place a $245 bet on them to guarantee a profit regardless of the game’s outcome. Hedging allows you to reduce risk while still ensuring some level of profit, whether it be by securing a win no matter the result or minimizing losses if your initial prediction falls short. Professional handicappers often rely on hedge bets as a key strategy in their toolkit.
Other Resources for Handicappers
Our mission is to provide sports bettors with the resources necessary to outsmart the bookmakers. Our services include a betting odds comparison tool and a vast collection of online sportsbook reviews, ensuring you can easily locate trustworthy platforms to place your bets and experiment with various strategies such as arbitrage, the Kelly Criterion, and buying half-points. Don’t forget to explore our Kentucky Derby betting sites and utilize the odds converter for fractional Kentucky Derby odds.
Additionally, we offer in-depth coverage of the latest developments in the betting industry, including updates on the legalization of sports betting in various US states and Canadian provinces, such as Ontario, Alberta, and British Columbia.
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