Archive for the ‘Wagering’ Category
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Back-lay sports arbitrage
Wednesday, August 11th, 2010
Betting exchanges have opened up a new range of arbitrage possibilities since on the exchanges it is possible to lay (i.e. to bet against) as well as to back an outcome. Arbitrage using only the back or lay side might occur on betting exchanges. It is in principle the same as the arbitrage using different [...]
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Arbitrage using bookmakers
Monday, June 7th, 2010
This type of arbitrage takes advantage of different odds offered by different bookmakers. Assume the following situation: We consider an event with 2 possible outcomes (e.g. a tennis match – either Federer wins or Henman wins), the idea can be generalized to events with more outcomes, but we use this as an example. The 2 [...]
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Arbitrage betting in theory
Thursday, April 22nd, 2010
There is a number of potential arbitrage deals. Below is an explanation of some of them including formulas and risks associated with these arbitrage deals. The table below introduces a number of variables that will be used to formalise the arbitrage models. Variable Explanation s Stake in outcome 1 s Stake in outcome 2 o [...]
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Arbitrage betting
Sunday, January 3rd, 2010
Betting arbitrage, miraclebets, surebets, sports arbitraging is a particular case of arbitrage arising on betting markets due to either bookmakers’ different opinions on event outcomes or plain errors. By placing one bet per each outcome with different betting companies, the bettor can make a profit. As long as different Bookmakers are used for arbitrage betting [...]
