Okay, so this really confused the hell out of me.
I'm working on a review for MathBet, where I found this rather large returning arb. Now, I like to keep my eye on the ones with greater than 10% profit so I can see how quickly odds are shifted amongst them or if the odds listed were a palpable mistake on the book's side. That's how I encountered this ---
^^^^^ What's going on here?
This one, threw me for quite a loop. I'll start out by saying I know and understand very little about tennis betting except for the more straightforward match winner style betting most everyone has probably done...
To me though, this doesn't even appear to be an arb at all... and by the time I got around to being able to investigate it, betting had closed so I still have no idea what was going on here..
To me, I understand the setup here to look this, in terms of outcomes:
- The match will comprise of 3 sets OR
- Nishikori will play 0 sets OR
- Raonic will play 0 sets
But is that actually even a legitimate arb? Or am I just plain wrong in my interpretation?
Furthermore, this arb is made up of 3 bets at the same bookie.. Should it have been avoided anyway for that reason? Is it even possible
that a single bookie can present a 30% arb, on their own like this (without another bookie on another side) and even if it is, is it even worth considering to bet on?
Does anyone understand tennis to be able to explain what's going on here, or is this utter nonsense from a glitch somewhere?