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?
Arb calculations
- ppintaluba
- Pro
- Contact:
- Karma: 41
- Location: Uruguay
Post
Re: Arb calculations
TotalStake = MIN ( limit1/percent1, limit2/percent2 )
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