Calculate Arbitrage/Scalp bet with different spreads?
Lets say I got this scenario:
Bookies1: NBA- PHI +5.5 -110
CHI -5.5 -110
Bookies2: NBA- PHI +4.5 +110
CHI -4.5 -120
How do I calculate the percent edge the bookies or bettor has, while factoring in the line discrepencies? All help is appreciated. Please show math.
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