Arbitrage Betting Calculator (3 Bookmakers)
How to Use the 3 Odds Arbitrage Calculator
Arbitrage betting is a risk-free betting strategy that takes advantage of differences in odds offered by different bookmakers. The 3 Odds Arbitrage Calculator helps bettors identify profitable arbitrage opportunities involving three different outcomes, such as in football matches, tennis games, or any other event with three possible results.
What is an Arbitrage Opportunity?
An arbitrage opportunity exists when the combined implied probability of all three outcomes is less than 100%. If this happens, you can distribute your stake across the three bets in a way that guarantees a profit regardless of which outcome wins.
How to Use the Calculator
Step 1: Enter the Odds
- Locate the odds offered by different bookmakers for the three possible outcomes of the event.
- Enter the odds into the respective fields:
- Bookmaker 1 Odds (First outcome, e.g., Team A wins)
- Bookmaker 2 Odds (Second outcome, e.g., Draw)
- Bookmaker 3 Odds (Third outcome, e.g., Team B wins)
Step 2: Enter Your Total Stake
- Decide how much money you want to bet in total across all three outcomes.
- Input this amount into the Total Stake field.
Step 3: Click Calculate
- Press the Calculate button.
- The calculator will determine whether an arbitrage opportunity exists.
Understanding the Results
- If Arbitrage is Possible:
- The calculator will display the exact amount to bet on each outcome to ensure a guaranteed profit.
- It will also show your potential earnings and profit percentage.
- If No Arbitrage Exists:
- The calculator will notify you that the outcome will leave you in a potential loss.
- This happens when the combined implied probability of all three outcomes exceeds 100%.
- In this case, you should look for different odds from other bookmakers.
Example Calculation
Let’s say you find the following odds for a football match:
- Bookmaker 1 (Team A Wins): 2.10
- Bookmaker 2 (Draw): 3.80
- Bookmaker 3 (Team B Wins): 4.50
And you decide to stake $100 in total. The calculator will:
- Determine if arbitrage exists.
- Calculate how much to bet on each outcome.
- Show your potential profit.
Tips for Maximizing Arbitrage Opportunities
- Compare odds from multiple bookmakers to find the best opportunities.
- Act quickly, as odds can change rapidly.
- Use reputable bookmakers to ensure payouts.
- Be cautious of betting limits and restrictions.
By using the 3 Odds Arbitrage Calculator, you can take advantage of profitable betting opportunities and make risk-free profits! Happy betting!