▌ Calculator · arbitrage · updated 2026-05-09
Two books.
One guaranteed
profit.
An arbitrage exists when two bookmakers disagree enough on the same event that you can bet both sides and guarantee profit. The math: if the combined implied probability of both outcomes is below 100%, the gap is yours. This calculator finds the optimal stake split and shows your guaranteed return before you place a single bet.
The arb percentage is typically 1–5%. Small, but risk-free by construction. The real constraint is not the math — it's account limits. Books that allow arbing without restriction (Pinnacle, Betfair) typically have tighter lines.
Calculator
Live · client-side · zero tracking▌ Two-way arb inputs
▌ Leg A — Outcome 1
▌ Leg B — Outcome 2
▌ Arb analysis
✓ Arbitrage opportunity
Guaranteed profit
+2.91
ROI: 2.91% on $100.00
Optimal stake allocation
Book A
$33.20
At odds
3.100
Payout
$102.91
Book B
$66.80
At odds
1.541
Payout
$102.91
Sum of inverses: 0.9717
Arb exists when sum < 1.0000. Current: ✓ below 1.
▌ Derivation · arb math
How arbitrage math works
The arb condition: an opportunity exists when the sum of implied probabilities across all
outcomes is below 100%. For two outcomes at decimal odds A and B:
1/A + 1/B < 1.0.
Optimal stake split
We want equal payout regardless of outcome. If total stake is S, stake on leg A is
S_A = S × (1/A) / (1/A + 1/B). Stake on leg B is
S_B = S × (1/B) / (1/A + 1/B).
Verification: payout if A wins = S_A × A = S / (1/A + 1/B).
Payout if B wins = S_B × B = S / (1/A + 1/B). Both yield
the same payout — the guaranteed return.
Arb profit percentage
Arb ROI = (1 / (1/A + 1/B) − 1) × 100%.
Or equivalently: (1 − sum_of_inverses) / sum_of_inverses × 100%.
At sum = 0.98: ROI = (1/0.98 − 1) × 100 = 2.04%.
Worked example: +210 vs −185
+210 → 3.10 decimal · −185 → 1.541 decimal 1/3.10 + 1/1.541 = 0.323 + 0.649 = 0.971 (< 1.0 ✓ arb exists) (1/0.971 − 1) × 100 = 2.98% guaranteed Leg A: $100 × 0.323 / 0.971 = $33.27 · Leg B: $66.73 $33.27 × 3.10 = $103.14 total (+$3.14 profit) $66.73 × 1.541 = $102.84 total (+$2.84 profit) Note: minor rounding in this example. The calculator provides precise stake splits.
▌ FAQ
Common questions
What is sports betting arbitrage?
How do I find arbitrage opportunities?
How do I calculate the optimal stake split?
What is a typical arbitrage profit percentage?
What is the difference between arbitrage and hedging?
Can I be banned for arbing?
Does arbitrage work on three-way markets?
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