Arb calculations

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starter
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Arb calculations
« on: September 20, 2015, 09:55:40 PM »

Thinking and thinking but not coming up with solution.. How to calculate bets for 2 legged arbs considering betting limits on both bookmakers. For example:

I have following odds
odd1   1,699
odd2   2,499

Example bet limits   
Bookmaker Limit1   15
Bookmaker Limit2   12
   
odd to percent1   1/1,699 = 58,9%
odd to percent2   1/2,499 = 40,0%

total arb percent 58,9%+40,0%=98,9%

And last find stake proportions. Percent of percent :)
stake1percent  58,9% / 98,9%=59,5%
stake2percent  40,0%/ 98,9%=40,5%

Now considering I have limit. I choose smaller limit as bet2 so..
bet1=X
bet2=12

Total stake is
totalstake=bet2/stake2percent=12/40,5%=29,65

but now when calculating bet1
bet1=totalstake*stake1percent=29,65*59,5=17,65

Its bigger than my limit 15. Is it possible to account other limit to calculation, so I dont have to recalulate it every time?



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ppintaluba
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Re: Arb calculations
« Reply #1 on: September 20, 2015, 11:16:41 PM »

TotalStake = MIN ( limit1/percent1, limit2/percent2 )
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Re: Arb calculations
« Reply #2 on: September 21, 2015, 07:40:55 AM »

Thanks man ! :) :) :)
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