| Fucklove(m): 10:04pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
Thanks Bro
|
| murphyrichy(m): 10:04pm On Sep 19, 2019 |
Brunosamel:
Gatefe why!
Look at my sweet game
B911AATPCAPQZZ-6972853
sorry, try again later....u tried very well.
|
| CoIdplay: 10:06pm On Sep 19, 2019 |
|
Wiconse Congratulations
|
| Elvis1331: 10:06pm On Sep 19, 2019 |
wrench:
edit and play
nice games
I edited it
I never knew, e go enter
3 Likes 
|
| NadiaR(m): 10:07pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
humble me is quoting and unquotin
Bet9ja
influentialcj
1229988
|
| Fucklove(m): 10:07pm On Sep 19, 2019 |
Wiconse congrats senior man. I don quote you before. I don unquote you now by mentioning you on thread.
Sai baba 
|
| snowball11(m): 10:08pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
Still on quotation!
Bet9ja ID: 222085
|
| Re: Football (+/Other Sports) Betting Season 13 by Nobody: 10:08pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
Congratulations
|
| sheffy87: 10:08pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
Brodaly congrats sheffy87 bet9ja
|
| NadiaR(m): 10:09pm On Sep 19, 2019 |
|
All ticket turned to Burnt Offering
KingAlabi dey smile now
;(
|
| wrench: 10:10pm On Sep 19, 2019 |
Elvis1331:
nice games
I edited it
I never knew, e go enter
good to know. �
1 Like |
| WhereYourOmoyi: 10:10pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
congrat sir. bet9ja 4237004
|
| rashfat(m): 10:11pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
Baba I'm humbly saying congratulations
893871 ID
Koziegbe name Bet9ja
|
| Boldtouch: 10:12pm On Sep 19, 2019 |
emperorblog21:
Arbitrage betting (also known as a "surebet" or
“arb”) is a risk-free opportunity to make a
guaranteed profit on a particular sporting event
or betting market. When arbing, you are
essentially exploiting differences in odds being
offered between a number of bookmakers,
typically two. The difference in the odds being
offered is so pronounced, that you have the
opportunity to make a profit no matter what the
outcome.
What Is Arbitrage Betting: Examples Of
Surebets
Let's take a look at two arbitrage betting
examples. Example one, we encounter the
following scenario:
Balanced Odds
Andy Murray is playing Novak Djokovic in a
Wimbledon Final.
Murray is available at odds of 2.10 with
bookmaker A
Djokovic is likewise available at odds of 2.10
with bookmaker B
Here we find a perfect arbitrage opportunity. If
we simply place £100 on Murray to win and
£100 on Djokovic to win, we are guaranteed a
profit, in this case a profit of £10.
Let's say that Djokovic wins. Our returns would
be:
Murray -£100
Djokovic +£110
Profit = £10
Unbalanced Odds
The above example was simple. But arbitrage
opportunities are not always easy to identify. In
the example below, the Chicago Bulls are
facing the Cleveland Cavs in a NBA game:
Cleveland are at odds of 1.20 with bookmaker
A
Chicago are at odds of 8.00 with bookmaker B.
This situation is a bit trickier. How can we
calculate an arbitrage bet?
How To Calculate A Surebet
Calculating an arb with an arbitrage betting
calculator is easy. But let's look at the
calculations involved to help us develop a
deeper understanding of the dynamics involved
in an arbitrage betting opportunity.
There are two key questions when it comes to
arbitrage betting:
#1 - How do you know if you have identified an
arbitrage opportunity?
#2 – How much should you stake in order to
secure your guaranteed profit?
Finding An Arbitrage Bet Opportunity
Similar to calculating the bookmaker's margin
(or commission) on a given betting market, we
identify an arbitrage opportunity by adding the
implied probabilities of the best betting odds
available for each outcome. To calculate the
implied probability for each outcome, we simply
divide the odds for that outcome in decimal
format by 1.
So let's then look at our simple example of
Murray vs Djokovic from earlier in this article.
Murray at odds of 2.10
implied probability = 1 / 2.10
= 0,476 = 47.6%
So the implied probability of Murray's odds of
2.10 is 47.6%.
Let's now consider Djokovic.
Djokovic at odds of 2.10
implied probability = 1 / 2.10
= 0.476 = 47.6%
To determine if we have identified an arbitrage
betting opportunity and a guaranteed profit, we
simply add the two implied probabilities
together.
Total: 47.6% + 47.6% = 95.2%
When the implied probability for a given betting
market adds up to less than 100%, it is an
opportunity to make a sure profit. The lower the
value below 100%, the more worthwhile the
arbitrage bet is and the greater the profit we
can make. In this example the market is well
below 100%.
So lets then take a look at Cleveland vs
Chicago in our NBA example. Have we
identified an opportunity to arb?
Cleveland at odds of 1.20
implied probability = 1 / 1.20
= 0.833 = 83.3%
Chicago at odds of 8.00
implied probability = 1 / 8.00
= 0.125 = 12.5%
Market Total
= 83.3% + 12.5% = 95.8%
Again, we have identified the chance to make a
sure profit as the market is again well below
100%.
How To Calculate Stakes For A
Guaranteed Profit
This question was easy to answer in our
Murray vs Djokovic example. As both have the
same odds, we simply bet the same amount on
each outcome to guarantee our profit no matter
who wins the match.
But more often than not, arbitrage bets are not
this simplistic. Typically we will need to weight
our staking according to the odds of each
outcome. How do we do this?
#1 - Calculate the implied probabilities of all
possible market outcomes
#2 - Calculate the sum of the probabilities of all
possible market outcomes
#3 – Divide the implied probability of each
individual outcome by the sum of all
probabilities
In this way we can determine the correct
amount to bet to achieve our profit.
Example: Cleveland vs Chicago
We calculate the implied probability of each
outcome and add them together just as we
previously did.
Cleveland at odds of 1.20
implied probability = 1 / 1.20
= 0.833 = 83.3%
Chicago at odds of 8.00
implied probability = 1 / 8.00
= 0.125 = 12.5%
Market Total
= 83.3% + 12.5% = 95.8%
Now we calculate how much to bet on each
outcome by dividing the implied probability of
each outcome by the total market probability.
Cleveland
= 83.3% / 95.8%
= 86.952%
Chicago
= 12.5% / 95.8%
= 13.048%
So in this example, if we wanted to arb a total
of £1,000, we would place 86.952% of our
£1,000 on Cleveland at odds of 1.20 and
13.048% of our £1,000 on Chicago at odds of
8.00. Now we will win the same amount no
matter who wins the game, Cleveland or
Chicago.
Let's walk it through:
We want to stake £1,000 in our arbitrage bet.
£1,000 * 86.95% = £869.52 on Cleveland at
odds of 1.20
£1,000 * 13.05% = £130.48 on Chicago at
odds of 8.00
So now, no matter who wins, we are
guaranteed a profit of roughly £44.
If Cleveland wins, we collect (£869.52 * 1.20
=) £1043.42. After we deduct our £1,000
stake, we come away with our £43.42
guaranteed profit.
If Chicago wins, we collect (£130.48 * 8.00) =
£1043.84. After we deduct our £1,000 stake,
we come away with our £43.84 guaranteed
profit.
Applying Our Calculation To Other Markets
We have only considered betting markets with
just two outcomes, team A wins or team B wins.
But what about a football 1X2 market or even a
horse race featuring 12 runners? Well the
principles remain the same.
#1 - Calculate the implied probabilities of all
possible market outcomes
#2 - Calculate the sum of the probabilities of all
possible market outcomes
#3 – Divide the implied probability of each
individual outcome by the sum of all probabilitie
Let's say we have an Premier
League match between Manchester City and
Arsenal. We are looking here at the 1X2
betting market. We have three possible
outcomes:
Manchester City win, at odds of 2.80
Drawn match, at odds of 3.60
Arsenal win, at odds of 3.20
Let's see if we have an arbitrage opportunity.
As we did in our previous examples, we
calculate the implied probability for each
individual outcome.
Manchester City at odds of 2.80
implied probability = 1 / 2.80
= 0.3571 = 35.71%
Drawn match at odds of 3.60
implied probability = 1 / 3.60
= 0.2778 = 27.78%
Arsenal win at odds of 3.20
implied probability = 1 / 3.20
= 0.3125 = 31.25%
We then add each probability to come up with
our market total.
= 35.71% + 27.78% + 31.25%
= 94.74%
Great news! As the market total is below 100%,
we have identified an opportunity to make a
guaranteed profit. We now need to work out
how much to stake on each outcome to
guarantee the same profit no matter the
outcome. Let's say we want to stake a total of
£500.
Manchester City at odds of 2.80
= 35.71% / 94.74%
= 37.693%
So we will stake 37.693% of £500, a total of
£188.47 on Manchester City to win.
Drawn match at odds of 3.60
= 27.78% / 94.74%
= 29.323%
So we will stake 29.323% of £500, a total of
£146.62 on the Drawn match.
Arsenal at odds of 3.20
= 31.25% / 94.74%
= 32.984%
So we will stake 32.984% of £500, a total of
£164.91 on Arsenal to win.
If we bet each of these amounts, we will be
guaranteed a profit on the match of roughly
£28 no matter what happens.
Arbitrage Excel Surebet Calculator
We've made calculating arbitrage bets all the
easier with our arbitrage excel calculator. The
bettingexpert arbitrage calculator in Excel will
not only tell you if a certain betting market is
offering you the chance to make a guaranteed
profit, but will likewise tell you exactly how
much to bet on each outcome to guarantee
yourself that profit. Here's how:
Following....
1 Like |
| psalmurai(m): 10:12pm On Sep 19, 2019 |
emperorblog21:
Arbitrage betting (also known as a "surebet" or
“arb”) is a risk-free opportunity to make a
guaranteed profit on a particular sporting event
or betting market. When arbing, you are
essentially exploiting differences in odds being
offered between a number of bookmakers,
typically two. The difference in the odds being
offered is so pronounced, that you have the
opportunity to make a profit no matter what the
outcome.
What Is Arbitrage Betting: Examples Of
Surebets
Let's take a look at two arbitrage betting
examples. Example one, we encounter the
following scenario:
Balanced Odds
Andy Murray is playing Novak Djokovic in a
Wimbledon Final.
Murray is available at odds of 2.10 with
bookmaker A
Djokovic is likewise available at odds of 2.10
with bookmaker B
Here we find a perfect arbitrage opportunity. If
we simply place £100 on Murray to win and
£100 on Djokovic to win, we are guaranteed a
profit, in this case a profit of £10.
Let's say that Djokovic wins. Our returns would
be:
Murray -£100
Djokovic +£110
Profit = £10
Unbalanced Odds
The above example was simple. But arbitrage
opportunities are not always easy to identify. In
the example below, the Chicago Bulls are
facing the Cleveland Cavs in a NBA game:
Cleveland are at odds of 1.20 with bookmaker
A
Chicago are at odds of 8.00 with bookmaker B.
This situation is a bit trickier. How can we
calculate an arbitrage bet?
How To Calculate A Surebet
Calculating an arb with an arbitrage betting
calculator is easy. But let's look at the
calculations involved to help us develop a
deeper understanding of the dynamics involved
in an arbitrage betting opportunity.
There are two key questions when it comes to
arbitrage betting:
#1 - How do you know if you have identified an
arbitrage opportunity?
#2 – How much should you stake in order to
secure your guaranteed profit?
Finding An Arbitrage Bet Opportunity
Similar to calculating the bookmaker's margin
(or commission) on a given betting market, we
identify an arbitrage opportunity by adding the
implied probabilities of the best betting odds
available for each outcome. To calculate the
implied probability for each outcome, we simply
divide the odds for that outcome in decimal
format by 1.
So let's then look at our simple example of
Murray vs Djokovic from earlier in this article.
Murray at odds of 2.10
implied probability = 1 / 2.10
= 0,476 = 47.6%
So the implied probability of Murray's odds of
2.10 is 47.6%.
Let's now consider Djokovic.
Djokovic at odds of 2.10
implied probability = 1 / 2.10
= 0.476 = 47.6%
To determine if we have identified an arbitrage
betting opportunity and a guaranteed profit, we
simply add the two implied probabilities
together.
Total: 47.6% + 47.6% = 95.2%
When the implied probability for a given betting
market adds up to less than 100%, it is an
opportunity to make a sure profit. The lower the
value below 100%, the more worthwhile the
arbitrage bet is and the greater the profit we
can make. In this example the market is well
below 100%.
So lets then take a look at Cleveland vs
Chicago in our NBA example. Have we
identified an opportunity to arb?
Cleveland at odds of 1.20
implied probability = 1 / 1.20
= 0.833 = 83.3%
Chicago at odds of 8.00
implied probability = 1 / 8.00
= 0.125 = 12.5%
Market Total
= 83.3% + 12.5% = 95.8%
Again, we have identified the chance to make a
sure profit as the market is again well below
100%.
How To Calculate Stakes For A
Guaranteed Profit
This question was easy to answer in our
Murray vs Djokovic example. As both have the
same odds, we simply bet the same amount on
each outcome to guarantee our profit no matter
who wins the match.
But more often than not, arbitrage bets are not
this simplistic. Typically we will need to weight
our staking according to the odds of each
outcome. How do we do this?
#1 - Calculate the implied probabilities of all
possible market outcomes
#2 - Calculate the sum of the probabilities of all
possible market outcomes
#3 – Divide the implied probability of each
individual outcome by the sum of all
probabilities
In this way we can determine the correct
amount to bet to achieve our profit.
Example: Cleveland vs Chicago
We calculate the implied probability of each
outcome and add them together just as we
previously did.
Cleveland at odds of 1.20
implied probability = 1 / 1.20
= 0.833 = 83.3%
Chicago at odds of 8.00
implied probability = 1 / 8.00
= 0.125 = 12.5%
Market Total
= 83.3% + 12.5% = 95.8%
Now we calculate how much to bet on each
outcome by dividing the implied probability of
each outcome by the total market probability.
Cleveland
= 83.3% / 95.8%
= 86.952%
Chicago
= 12.5% / 95.8%
= 13.048%
So in this example, if we wanted to arb a total
of £1,000, we would place 86.952% of our
£1,000 on Cleveland at odds of 1.20 and
13.048% of our £1,000 on Chicago at odds of
8.00. Now we will win the same amount no
matter who wins the game, Cleveland or
Chicago.
Let's walk it through:
We want to stake £1,000 in our arbitrage bet.
£1,000 * 86.95% = £869.52 on Cleveland at
odds of 1.20
£1,000 * 13.05% = £130.48 on Chicago at
odds of 8.00
So now, no matter who wins, we are
guaranteed a profit of roughly £44.
If Cleveland wins, we collect (£869.52 * 1.20
=) £1043.42. After we deduct our £1,000
stake, we come away with our £43.42
guaranteed profit.
If Chicago wins, we collect (£130.48 * 8.00) =
£1043.84. After we deduct our £1,000 stake,
we come away with our £43.84 guaranteed
profit.
Applying Our Calculation To Other Markets
We have only considered betting markets with
just two outcomes, team A wins or team B wins.
But what about a football 1X2 market or even a
horse race featuring 12 runners? Well the
principles remain the same.
#1 - Calculate the implied probabilities of all
possible market outcomes
#2 - Calculate the sum of the probabilities of all
possible market outcomes
#3 – Divide the implied probability of each
individual outcome by the sum of all probabilitie
Let's say we have an Premier
League match between Manchester City and
Arsenal. We are looking here at the 1X2
betting market. We have three possible
outcomes:
Manchester City win, at odds of 2.80
Drawn match, at odds of 3.60
Arsenal win, at odds of 3.20
Let's see if we have an arbitrage opportunity.
As we did in our previous examples, we
calculate the implied probability for each
individual outcome.
Manchester City at odds of 2.80
implied probability = 1 / 2.80
= 0.3571 = 35.71%
Drawn match at odds of 3.60
implied probability = 1 / 3.60
= 0.2778 = 27.78%
Arsenal win at odds of 3.20
implied probability = 1 / 3.20
= 0.3125 = 31.25%
We then add each probability to come up with
our market total.
= 35.71% + 27.78% + 31.25%
= 94.74%
Great news! As the market total is below 100%,
we have identified an opportunity to make a
guaranteed profit. We now need to work out
how much to stake on each outcome to
guarantee the same profit no matter the
outcome. Let's say we want to stake a total of
£500.
Manchester City at odds of 2.80
= 35.71% / 94.74%
= 37.693%
So we will stake 37.693% of £500, a total of
£188.47 on Manchester City to win.
Drawn match at odds of 3.60
= 27.78% / 94.74%
= 29.323%
So we will stake 29.323% of £500, a total of
£146.62 on the Drawn match.
Arsenal at odds of 3.20
= 31.25% / 94.74%
= 32.984%
So we will stake 32.984% of £500, a total of
£164.91 on Arsenal to win.
If we bet each of these amounts, we will be
guaranteed a profit on the match of roughly
£28 no matter what happens.
Arbitrage Excel Surebet Calculator
We've made calculating arbitrage bets all the
easier with our arbitrage excel calculator. The
bettingexpert arbitrage calculator in Excel will
not only tell you if a certain betting market is
offering you the chance to make a guaranteed
profit, but will likewise tell you exactly how
much to bet on each outcome to guarantee
yourself that profit. Here's how:
na wao .. some people get time sha
|
| Fucklove(m): 10:15pm On Sep 19, 2019 |
|
Una wey dey quote that long post, una get sense so? Which kan suffer be this?
|
| CaptainMitch: 10:15pm On Sep 19, 2019 |
Fucklove:
5596710 Bet9ja
name- ebrightonline6
|
| Re: Football (+/Other Sports) Betting Season 13 by Nobody: 10:16pm On Sep 19, 2019 |
Europapa 
|
| fohia(m): 10:16pm On Sep 19, 2019 |
tonididdy:
Beskitas na bastard team
Stupid team
|
| Fucklove(m): 10:17pm On Sep 19, 2019 |
|
|
| CaptainMitch: 10:19pm On Sep 19, 2019 |
I dey o.
Fucklove:
Chief piiko the toto slayer. How far nah?
|
| wiseone28: 10:21pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
Free things no dey kill
|
| Poorboy: 10:24pm On Sep 19, 2019 |
|
[quote author=wiseone28 post=82389076][/quote]
|
| Poorboy: 10:25pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
|
| yungpowers(m): 10:28pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
Congrats. Still QUOTING via my bet9ja ID @5154460
|
| sheffy87: 10:29pm On Sep 19, 2019 |
|
B954AATETAWPTE-1775116. Why Astana no beat united sef.....!!
|
| CoIdplay: 10:40pm On Sep 19, 2019 |
|
Yeah
|
| Fucklove(m): 10:44pm On Sep 19, 2019 |
CoIdplay:
Bonanza Bonanza Bonanza
Now here's the deal. I will stake N500 on the games of the first ten people to quote me tonight. Total odds must not be more than 50. If the game greens you are entitled to 20% of the total winning. Please don't be in a haste to post and send me to the village. Submission of codes starts by 3pm tomorrow and closes by 4pm. You can book your space for now and post later. I reserve a slot each for Alexistaiwo and Chiefheywhy so eight ( slots are up for grabs
I'm in. Will quote you 2moro with my booking
|
| ahmedbrown: 10:45pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
I will so much appreciate sir
Bet9ja ID:. 29467
|
| Boldtouch: 10:45pm On Sep 19, 2019 |
Fucklove:
Una wey dey quote that long post, una get sense so? Which kan suffer be this?
You for quietly waka ; wetin you no know no go kee you!
|
| ahmedbrown: 10:47pm On Sep 19, 2019 |
CoIdplay:
Bonanza Bonanza Bonanza
Now here's the deal. I will stake N500 on the games of the first ten people to quote me tonight. Total odds must not be more than 50. If the game greens you are entitled to 20% of the total winning. Please don't be in a haste to post and send me to the village. Submission of codes starts by 3pm tomorrow and closes by 4pm. You can book your space for now and post later. I reserve a slot each for Alexistaiwo and Chiefheywhy so eight ( slots are up for grabs
Am in, will quote you tomorrow for the game
|
| Re: Football (+/Other Sports) Betting Season 13 by Nobody: 10:49pm On Sep 19, 2019 |
wiconse:
First ten people not to quote and quote me, will receive sumtin
Please stop quoting. I said ten people that will not quote me and I repeat that will not quote me. Only Coldplay and fucklove did so. Both of you should send ur aza
|
