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Sports-Betting-Arbitrage-Example

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									Sports Betting Arbitrage Example
http://sportsbetting.net.in/                                                Bookmaker Profit
                                                                            This figure shows how much the bookm
                                                                            average given their odds. It can be foun
Outcome         Bookmaker A Odds         Bookmaker B Odds
       1                1.5                     1.75
                                                                            1 - (o1 x o2
       2                2.5                      2
                                                                            Put in different odds to see if you can f
Bookmaker
                                                                            positions for the bookmakers.
Profit Margin            6.25%                     6.67%



Yellow Bets                                                                Blue Bets
Arbitrage Opporunity?                              YES!!!                  Arbitrage Opporunity?
   Variable           Explanation                  Value                     Variable
     s1            Stake in outcome 1      $                100.00             s1
     s2            Stake in outcome 2      $                 70.00             s2
     o1            Odds for outcome 1                         1.75             o1
     o2            Odds for outcome 2                          2.5             o2
     p1           Payout of outcome 1      $                175.00             p1
     p2           Payout of outcome 2      $                175.00             p2

Total Invested                            $                 170.00         Total Invested
Gaurateed Payout                          $                 175.00         Gaurateed Payout
Gaurateed Profit/Loss                          $             5.00          Gaurateed Profit/Loss

 Instructions:
 The only numbers that can be manipulated in this spreadsheet are the odds in red. The rest will self calculate. No
 figures are based on a $100 bet on outcome 1. The associated bet on outcome 2 will adjust accordingly.

 Float your cursor over the cells with a red arrow at the top right to view the formula used.

 Note: This spreadsheet is for reference purposes only. It should not be relied upon for making bets. Make bets at y
 Bookmaker Profit Margins:
 This figure shows how much the bookmaker will make on
 average given their odds. It can be found by following formula:
         x o2)/(o1 + o2)
 Put in different odds to see if you can find unprofitable
 positions for the bookmakers.




Blue Bets
Arbitrage Opporunity?                                    NO
                       Explanation                      Value
                   Stake in outcome 1           $            100.00
                   Stake in outcome 2           $                75.00
                   Odds for outcome 1                              1.5
                   Odds for outcome 2                                2
                   Payout of outcome 1          $            150.00
                   Payout of outcome 2          $            150.00

Total Invested                                  $            175.00
                                                                         Notice the payouts must be
Gaurateed Payout                                $            150.00
                                                                         equal for both outcomes for
Gaurateed Profit/Loss                               $        (25.00)     arbitrage to be possible.
                                                                         What you are looking for is
                                                                         that the guaranteed payout
                                                                         is more than the sum of all
                                                                         bets necessary to guarantee
        . The rest will self calculate. Notice that the dollar
                                                                         said payout.
come 2 will adjust accordingly.

he formula used.

ed upon for making bets. Make bets at your own risk.

								
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