Arbitrage betting tips - page 4. | Bitcointalksearch.org

Haunebu

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www.Crypto.Games: Multiple coins, multiple games

Cool thread op, but you didn't mention how arbitrage betting could lead to accounts getting restricted/limited when they get detected for obvious reasons. You should have mentioned that it isn't a risk-free strategy.

Quote from: Saint-loup on January 29, 2023, 12:31:10 PM

So to know how much you should bet on each outcome, you have to apply this formula :

For the first bet : Odds_1st_outcome x Total_Stake / (Odds_1st_outcome + Odds_2nd)

For the second bet : Odds_2nd x Total_Stake / (Odds_1st_outcome + Odds_2nd)
or simpler : Total_Stake - Stake_first_bet

This is helpful, but complicated since there are simpler solutions out there.

Example: https://arbitragecalc.com/

The above site calculates how much you need to place on 2 or more sides in order to ensure a guaranteed profit no matter who wins. Also, betting whole numbers helps your accounts last longer.

Saint-loup

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Quote from: Ivekzg on January 29, 2023, 08:50:16 AM

As the title says this thread will be for arbitrage betting tips only.
So lets go.

NCAA
Siena @ Marist

Marist total 60,5

Under Cloudbet 2,27
Over Pinnacle 1.813
Profit 0,80%
[...]

Unfortunately most of users don't know much about betting here. So I think it would be useful to tell them which fraction of their stake they have to put on each outcome to get those profits. Or at least to explain how they have to calculate it. Because if you put the same stake on each outcome while one odds is below 2.00 you won't get any profits if this outcome wins.
Here if I put $100 on Under and Over 60,5. If Over wins @1.813, I will lose $100 for my bet on Under and only win $81.3 for my bet on Over. That is to say, I will lose $81.3 - $100 = -$18.7

So to know how much you should bet on each outcome, you have to apply this formula :

For the first bet : Odds_1st_outcome x Total_Stake / (Odds_1st_outcome + Odds_2nd)

For the second bet : Odds_2nd x Total_Stake / (Odds_1st_outcome + Odds_2nd)
or simpler : Total_Stake - Stake_first_bet

Ivekzg

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Topic: Arbitrage betting tips - page 4. (Read 870 times)