Arbitrage betting is the process of identifying opportunities and capitalising on arbitrage opportunities. These arbitrage opportunities arise when there are discrepancies in the odds offered by different bookmakers for the same sporting event. By placing bets on all outcomes of the event across various bookmakers, bettors can ensure a profit regardless of the result, making arbitrage betting a part of matched betting. The arbitrage calculator is a specialised tool that can assist users in placing any arbitrage bets, with the goal of making this form of sports betting as simple as possible.
What Is An Arbitrage Calculator?
The arbitrage calculator is used for anyone who is planning on placing any arbitrage bets, as the differences in the odds can make for some confusing mathematics throughout the entire process. With a back bet and a lay bet needed to be placed, the calculator will create the result of the matched bet. For players who are not sure what a lay bet is, check out our very own beginners guide to lay betting blog!
Anyone who is familiar with any of the other OddsMonkey calculators will understand the ease of using the calculator, as all OddsMonkey calculators are designed with simplicity in mind. The process of calculating the value of an arbitrage bet can be done quickly and easily whilst the odds are available for this betting method. Bettors looking for more useful betting software can check out other calculators on site, such as our dutching calculator for players who are looking to profit, no matter the result of a sports fixture.
How To Use An Arbitrage Calculator
The Arbitrage Calculator is extremely easy to use and does not require any specialist knowledge from the bettor. The first step involves finding and gathering all of the odds from different bookmakers regarding the possible outcomes of a particular event. Having these odds from multiple sources is essential to ensuring that the arbitrage bet is successful.
Once the odds have been collected, simply input them into the OddsMonkey calculator with the odds and the stake needed to be placed into the arbitrage calculator, there is also a lay commission which should be imputed to ensure the results will identically match the results of your bet.
Finally, once these are inputted and checked, users can find out the lay stake, the profit back if the back bet wins, and the profit back if the lay bet wins. If these amounts both show a profit, then the bet can be placed with safety in the knowledge that no matter the outcome, the bet stake will return a profit.
Who Can Use The Arbitrage Calculator?
The arbitrage calculator can be used by any bettor who is interested in placing an arbitrage bet, as this betting strategy is one of the simpler forms of matched betting. Yet this calculator is also extremely simple in design, meaning any player can use it without specialist knowledge. There are only four different pieces of information needed to input into the calculator, meaning creating a calculation is not as complicated as one might think. However, ensuring you have found discrepancies in the odds is essential to the arbitrage betting strategy.
Arbitrage betting is one of the betting strategies that can be used in almost every sport, meaning there are no restrictions on where bettors can find these discrepancies in betting odds. It is a perfect calculator for players to use who are getting started in their matched betting journey, with the matched betting calculator also being extremely useful.
Why Use An Arbitrage Calculator?
These types of bets can be quite confusing and not as simple as some other betting formats; this is why, at OddsMonkey, we recommend that players use our calculators even if they are sure of the results. We recommend this with all calculators, from the single bet calculator to the arbitrage betting calculator, as these tools ensure accuracy when placing bets.
Players can check their inputs on the calculator to see the exact results they expect, which means users are not making any mistakes that might result in costly errors. The calculator will only output the data that is calculated from the inputs, so make sure you have put the correct data in!
Use The Arbitrage Calculator At OddsMonkey
The arbitrage calculator is extremely useful when it comes to creating matched bets, yet there are also loads of different calculators available right here at OddsMonkey. Check out our Each way betting calculator which is a great calculator for any players who regularly place bets on horse racing.
Whilst this is one of the calculators and strategies used in matched betting, there are many ways in which bettors can cover all aspects of a stake and profit no matter the result. Make sure to check out our horse racing matched betting guide or our football matched betting guide if you are looking into sports that are used by plenty of matched bettors.
