#1
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Is this an arb bet?
NHL:
Pinnacle Toronto at +181 ($100 to win $181) NY Rangers at -196 Bowmans Toronto at +1.5 -155 NY Rangers at -1.5 +135 ($100 to win $135) If Toronto wins, I win $181 and lose $100 = $81 If NY Rangers win, I lose 100$ and win $135 = $35 If NY Rangers win by 1, then I lose both, right? So my only risk is the NY Rangers not covering the spread. |
#2
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Re: Is this an arb bet?
this is an awful bet to make
the chances of rangers winning by exactly 1 happens often enough where the return on the other bets make it VERY unprofitable |
#3
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Re: Is this an arb bet?
You are risking 200 to win (81+35)/2=58.
If Rangers winning by 1 happens more than 58/200=29% of the time this is a -EV bet. |
#4
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Re: Is this an arb bet?
Let's say there is no spread. Does it now become a good arb bet?
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#5
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Re: Is this an arb bet?
You're catching on.....albeit pretty slowly...
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#6
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Re: Is this an arb bet?
[ QUOTE ]
You're catching on.....albeit pretty slowly... [/ QUOTE ] Yeah, two posts is pretty slow, huh? In fact, we shouldn't let people in the forum who don't know what an arb is. </end sarcasm> craig |
#7
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Re: Is this an arb bet?
If there was no spread and you were getting +181/+135 on opposite teams this is a ~28% arb bet.
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#8
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Re: Is this an arb bet?
[ QUOTE ]
You're catching on.....albeit pretty slowly... [/ QUOTE ] Thanks, I didn't know there was a time limit |
#9
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Re: Is this an arb bet?
[ QUOTE ]
[ QUOTE ] You're catching on.....albeit pretty slowly... [/ QUOTE ] Yeah, two posts is pretty slow, huh? In fact, we shouldn't let people in the forum who don't know what an arb is. </end sarcasm> craig [/ QUOTE ] ROFL Check out http://www.surebetbookies.com if you are trying to get your head around sports arbitrage. Its got a really straight forward guide to help explain it all. |
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