What is Arbitrage betting?

Arbitrage betting is a type of sports betting strategy that involves comparing odds and lines across multiple sportsbooks to find discrepancies in price that guarantee a return on investment. When an arbitrage opportunity exists, you place bets on both outcomes of a game or prop. This locks in a profit, no matter the result.

Is Arbitrage Betting Illegal?

No, arbitrage betting is not illegal. It is legal in all states where online sports betting is live and operational. Arbitrage betting is a strategy where you're simply placing bets at different sportsbooks, which is not against the law.

How is Arbitrage calculated?

Arbitrage is calculated by comparing odds from multiple sportsbooks on opposing outcomes of the same betting market and splitting your stake in a way that guarantees a return on investment, regardless of the result.

How to use an Arbitrage Calculator for sports betting?

Using an Arbitrage calculator for sports betting is easy. Simply enter the odds for both sides of a bet from different sportsbooks while also inputting the amount you want to stake. The Arbitrage betting calculator then calculates how much to bet on each outcome to guarantee a return on investment.

Can I use this Arbitrage betting calculator for 3-way markets?

Our Arbitrage betting calculator is designed for 2-way betting markets, with only two possible outcomes to the bet, like Team A to win vs. Team B to win. It does not support 3-way markets, such as soccer matches with 3-way moneylines like Win/Draw/Lose options.

Does DraftKings allow Arbitrage betting?

Since DraftKings offers a wide variety of sports betting markets and bet types, it is an ideal sportsbook to spot arbitrage betting opportunities.

What is the Arbitrage Betting Formula?

The arbitrage betting formula calculates the implied probability of each side of a bet based on the odds offered by different sportsbooks. To find the implied probability, divide 1 by the decimal odds for each possible outcome. When the combined probabilities of all outcomes are less than 1, an arbitrage opportunity exists, allowing for a guaranteed return on investment.