How to Win in Horse, Football, Hockey, NBA Betting: Arbitrage. Part II

If the coefficients are equal, we should also bet the equal sums. In the opposite case, the size of the stake in the percents on the event with the credibility Pi, corresponding to the coefficient Ci, is counted with the formula: Pi/SP, where the SP – is the sum of the credibility of all the coefficients.

This continuation of previous post described arbitrage betting system

How to count the sizes of the betting stakes?

For the above described set of the coefficients, the stake on the winning 1 at the office A should be 38.37% of the bank, on the draw game at the office B – 25.90%, on the winning 2 at the office C – 35.72%.

Then, having the size of the bank 100$, for every result of the match we’ll get the lottery 103.60$, and the “clean” part would be – 3.60$, it means the 3.6% of the bank. It is not difficult to count that this profit is equal to the difference of the sums of the above described credibility and 1.

If you want to bet in the Internet, you have to have the account in many book-makers’, to have the ability to find the arbitrage, and this means that you spend another money on the moving money on your accounts and on the removals money from the accounts (a certain percent is taken if you do some operations with money in the Internet).

So you can see that we have 2% of the income got with the arbitrage strategy (and it is a lot!), but we lose 1.5% on the moving of the money, and we should think first before using it: and do we really need it? And if you bet not in the Internet, but at the real offices, the gambler here meets the problem of the time and also he needs to get on time to bet at different places, to take into the account the changing of the line and also other players, who want to bet the arbitrage too.

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