Re: Calculate Arbitrage/Scalp bet with different spreads?
OK....so How do I calculate the percent edge the bookies or bettor has, while factoring in the line discrepencies?
If the spread is the same i think you do it like this:
Bookies1: NBA- PHI +5.5 -110
CHI -5.5 -110
Bookies2: NBA- PHI +5.5 +110
CHI -5.5 -120
Highest odds PHI: Bookies2=PHI with +110
Highest odds CHI: Bookies1=CHI with -110
PHI +110 = 11/10 = 110
CHI -110 = 10/11 = 90.91
110 + 90.91 = 200.91
200/200.91 = 99.55% or a .45% combined profit to the arb better
Is this correct?
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