Cash in on Draws with Lay the Draw
How to Use an Arbitrage Calculator for Exchange Betting
Arbitrage betting is a strategy in which a bettor makes a profit by taking advantage of differences in odds across different betting exchanges and bookmakers.
A very valuable tool that helps bettors process these opportunities is an arbitrage calculator. Knowing what this is and how to use it on exchange betting can be very useful for all types of bettors.
What is an Arbitrage Calculator and How Does It Work?
An arbitrage calculator is an online tool that is designed to help arbitrage bettors find out how much to bet on each bet. It takes the odds from the different exchanges and bookmakers and calculates the right stake that will guarantee a profit.
To use it, bettors much find an arbitrage opportunity first. They need to check different betting exchanges and compare odds with bookmakers.
Then, they need to open the calculator and enter the details. First they need to input the odds. They need to enter the back odds from a bookmaker or an exchange and the lay odds from a betting exchange.
After that, bettors have to decide how much money they want to bet and enter their stake. Then, the calculator will tell them how much they should bet on each outcome in order for the bet to be covered.
Bettors should place the bets exactly as the calculator suggests and make sure all bets are confirmed before the odds change.
Example
In a tennis match between Player A and Player B a bettor finds odds for Player A to win at 3.8 on a bookmaker and lay odds for Player A not to win at 2.88 on a betting exchange, and they want to bet 100€.
They open the arbitrage calculator and they enter 2.10 as the back odds and 2.05 as the lay odds.
The calculator shows that the bettor needs to stake 134.28€ on the lay bet on the betting exchange with liability 252.45€
If Player A wins, the bettor wins 280€ from the bookmaker and loses 252.45€ from the betting exchange.
If Player A loses, the bettor wins 127.57€ from the betting exchange and loses 100€ from the bookmaker.
With the 5% commission rate already included in the calculations, if Player A wins, the bettor makes a 27.55€ net profit and if Player A loses the bettor makes a 27.57€ net profit.
In each case, with this arbitrage opportunity and the help by the calculator, the bettor has guaranteed a profit regardless the outcome of the tennis match.
Why Use an Arbitrage Calculator?
Although there are math formulas to calculate the numbers for the arbitrage and find the profit and losses, by using a calculator there is no need for manual calculations and bettors save a lot of time. Bettors also are able to lower their risk in their bets because if the calculator is of good quality, it will yield the right amounts bettors should stake on their bets.
Using a calculator works well for all sorts of sports. It can be used for football, tennis, horse racing and many more. It is very easy to comprehend and use. Bettors just need to enter the prices of the odds, their stake and commission if they use betting exchanges and get the results instantly.
Tips to Remember
The odds tend to change fast, especially on betting exchanges, therefore, bettors should always check the odds before placing bets. Bettors also need to search for the most suitable bookmakers and exchanges for arbing, because some companies are not tolerant to arbitrage betting and they limit accounts.
Betting exchanges take a small fee from all winning bets that waves between 3-7% and it is very important to include this percentage in the calculations. Some calculators do not include commissions and bettors need to do it manually. It is also very important to make sure to use the correct currencies if betting on different sites.
In Short
Using a calculator in arbitrage betting is a great tool for making profits with very low risk. It helps bettors find quickly how much to stake on each bet in order to ensure they will not lose money. An arbitrage calculator can be used in many sports and it can make betting easier and more profitable.