{"id":567,"date":"2022-09-21T05:35:29","date_gmt":"2022-09-21T05:35:29","guid":{"rendered":"https:\/\/bfhubprod.wpengine.com\/hub\/?p=567"},"modified":"2024-04-11T12:59:03","modified_gmt":"2024-04-11T02:59:03","slug":"how-to-arbitrage","status":"publish","type":"post","link":"https:\/\/www.betfair.com.au\/hub\/education\/betfair-advanced\/how-to-arbitrage\/","title":{"rendered":"HOW TO: ARBITRAGE BETTING"},"content":{"rendered":"<div class=\"education-content border-b pb-10 block\">\n            <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">HOW CAN ARBITRAGE OCCUR?<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>Differing bookmaker opinions<br \/>\nBookmakers taking a particular position<br \/>\nBookmakers accepting large wagers on one side and then needing to balance their book<\/p>\n<p>This can be particularly difficult to monitor across a range of markets but there are betting software providers which can support sports arbitrage.<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">ARBITRAGE BETTING EXAMPLE<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n    \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width flex flex-col lg:flex-row\">\n          <div class=\"w-full lg:w-1\/2 order-1 my-3 md:mb-0\">\n            <p>If we look at this table with multiple odds from two wagering providers we can try and determine an arbitrage opportunity and also work as a matched betting calculator.<\/p>\n<p>Looking at\u00a0<strong>Wagering Provider 1<\/strong>\u00a0independently we see the total market percentage is greater than 100% (100.08%). The same applies for\u00a0<strong>Wagering Provider 2\u00a0<\/strong>(104.44%).<\/p>\n<div class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-6\">\n<div class=\"vc_column-inner \">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p>This means that by looking at these two providers independently there is no arbitrage betting opportunity present.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-6\">\n<div class=\"vc_column-inner \">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p>By taking the best prices (highlighted in green) from each Wagering Provider and summing the probabilities we get a percentage less than 100%. Sum of probabilities = 93.47%.<\/p>\n<p>Provider 1 \u2013 Alexander Zverev Probability \u2013 100 \/ 2.12 = 47.17%<\/p>\n<p>Provider 2 \u2013 Stefanos Tsitsipas \u2013 100 \/ 2.16 = 46.29%<\/p>\n<p>By betting to pay out the same profit regardless of the outcome, the profit margin achieved is 1 divided by the sum of probabilities (1\/.9347) which = 6.98%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n          <\/div>\n          <div class=\"w-full lg:w-1\/2 order-2 lg:pl-6\">\n            <img loading=\"lazy\" decoding=\"async\" width=\"1241\" height=\"211\" src=\"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Arb.png\" class=\"img-fluid w-full\" alt=\"\" srcset=\"https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Arb.png 1241w, https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Arb-300x51.png 300w, https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Arb-1024x174.png 1024w, https:\/\/www.betfair.com.au\/hub\/wp-content\/uploads\/sites\/2\/2022\/09\/Arb-768x131.png 768w\" sizes=\"auto, (max-width: 1241px) 100vw, 1241px\" \/>\n          <\/div>\n        <\/div>\n      <\/div>\n    \n    \n                <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width relative\">\n          <h2 class=\"font-bold font-montserrat text-xl lg:text-[26px] text-bf-yellow text-center md:text-left uppercase\">UTILISING MULTIPLE WAGERING PROVIDERS<\/h2>\n        <\/div>\n      <\/div>\n    \n    \n    \n    \n          \n          <div class=\"education-content__row my-3\">\n        <div class=\"container reduced-width\">\n          <p>By taking the best prices (highlighted in green) from each Wagering Provider and summing the probabilities we get a percentage less than 100%. Sum of probabilities = 93.47%.<\/p>\n<p>Provider 1 Alexander Zverev Probability \u2013 100 \/ 2.12 = 47.17%<\/p>\n<p>Provider 2 Stefanos Tsitsipas Probability \u2013 100 \/ 2.16 = 46.29%<\/p>\n<p>By betting to pay out the same profit regardless of the outcome, the profit margin achieved is 1 divided by the sum of probabilities (1\/.9347) which = 6.98%. To determine how much to stake on each outcome to return the same amount, use the below matched betting calculator:<\/p>\n<p>Firstly determine the total amount you want to invest into this sports arbitrage. For this example we are going to use $200. Now utilise the probabilities available to determine the stake.<\/p>\n<p>Zverev stake: $200 * .4717 = $94.34<\/p>\n<p>Tsitsipas stake: $200 * .4629 = $92.58<\/p>\n<p>Total outlay: $94.34 + $92.58 = $186.92<\/p>\n<p>Zverev wins: $200 \u2013 $186.92 = $13.08 profit<\/p>\n<p>Tsitsipas wins: $200 \u2013 $186.92 = $13.08 profit<\/p>\n\n        <\/div>\n      <\/div>\n    \n    \n    \n      <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learn about arbitrage betting on racing and sports with Betfair. Get a complete guide on arbing with examples and education. <\/p>\n","protected":false},"author":33,"featured_media":5252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"tipster_notification_checkbox":false,"send_notification":false,"footnotes":""},"categories":[42],"tags":[],"brand":[56],"class_list":["post-567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-betfair-advanced","brand-arbitrage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.5 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arbitrage Betting | Education and How To | Betfair Hub<\/title>\n<meta name=\"description\" content=\"Learn about arbitrage betting on racing and sports with Betfair. 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