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#1
12-10-2006, 09:32 AM
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3-way Arb formula
I have a self-created arb calculator for excel that only works when there are two possible outcomes (win/loss). Does anyone have a formula that that would work for excel, (something similar to scalpulator), that would work for multiple outcomes, such as in soccer where there are draws? Thanks in advance 
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#2
12-10-2006, 09:51 AM
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Re: 3-way Arb formula
Are you talking about a way to evenly distribute your wagers so you have a guaranteed profit of X either way, or simply a way to calculate whether a series of outcomes is an arb? For the latter, you simply convert the lines to percentage and add up the percentages. If they add up to less than 100%, you have an arb.
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#3
12-10-2006, 10:27 AM
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Re: 3-way Arb formula
Oops, sorry for the confusion,
I needed it to show how I can evenly distribute wagers so that I would have a garenteed profit of 'X'. (after I have already located the arb.) Thanks.
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#4
12-10-2006, 11:28 AM
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Re: 3-way Arb formula
If you created one in excel for 2-way, 3 (or more) ways is just a continuation of that. You probably need to do a little algebra on paper first. I could give you my excel file, but if you don't develop the formulas yourself, you are more likely to screw up. Also, I'd prefer to keep the ability to exploit these (they are fairly rare [img]/images/graemlins/tongue.gif[/img]) to myself.
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#5
12-10-2006, 12:18 PM
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Re: 3-way Arb formula
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#6
12-10-2006, 01:57 PM
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Re: 3-way Arb formula
Great, thanks for your help everyone.
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