MAIN TITLE MAKE MONEY ONLINE
Article Title Sports Arbitrage Applied
Sports Arbitrage applied
The usual and simplest sporting bets in sports arbitrage are ones that only have two competitors and three possible results that is that one of the competitors winning, losing or drawing. The most likely sports are football ( soccer ), boxing, baseball and basketball although sports arbitrage is not limited to these sports. Also we now have access to even more sporting events through the internet, from anywhere in the world you can bet on the outcome of soccer games in Peru.
It seems impossible that you would be able to bet on the three possible outcomes and realise a profit on your original stake but you can. In days gone by with the general public having access to the big name bookies instances of sports arbitrage were rare but in the days of internet gambling there are far more bookmakers to choose from and the instances of arbitrage bets manifesting themselves is all that greater.
To apply arbitrage logically the odds offered must be converted into a decimal return versus original stake. For example odds of 10 to 1 would provide a decimal return of 11, odds of 6 to 4 would offer a decimal return of 2.5. If all this is beyond you refer to the section Betting the basics on this site.
Lets get down to the nitty gritty.
On 10th November 2008 the following odds could be obtained from the bookmakers named for a game to be played between Swansea City and Watford in the Carling cup.
Result Bookmaker Decimal Return
Home Win Betoto 2.30
Draw Skybet 3.50
Away Win Skybet 4.00
To establish whether we have an arbitrage bet on our hands we first perform a simple calculation. I always work out what stake I need to make to guarantee a 100 unit return and at the odds above this works out to be.
Result Decimal return Decimal return divided by 100 (Stake) Return
Home Win 2.30 43.49 100
Draw 3.50 28.57 100
Away Win 4.00 25 100
If you add up all the stakes 43.49+28.57+25 you can establish that your total stake is 97.06 units and no matter what the outcome you are guaranteed a 100 unit return. This translates as a 3.03% guaranteed profit.
We could go on forever as the examples are unlimited but I don’t intend to however here is one more example.
On 11th November 2008 the following odds could be obtained from the bookmakers named for a game to be played between Sunderland and Blackburn in the Carling cup.
Result Bookmaker Decimal Return
Home Win Caribsports 3.40
Draw Skybet 3.40
Away Win Skybet 3.10
Again always work out what stake to make to guarantee a 100 unit return and at the odds above this works out to be.
Result Decimal return Decimal return divided by 100 (Stake) Return
Home Win 3.40 29.41 100
Draw 3.40 29.41 100
Away Win 3.10 32.26 100
If you add up all the stakes 29.41+29.41+32.26 you can establish that your total stake is 91.08 units and no matter what the outcome you are guaranteed a 100 unit return. This translates as a 9.79% guaranteed profit.
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