Could someone help me to understand how I can calculate the percentage and amount's stake when I want to bet on a TIE outcome in events like golf or boxing?
As you know some sports such as golf or boxing have Tie outcome. When there are 2 bookmakers that one has Tie and another does not, there may be an arbitrage opportunity. See this example: http://uploads.im/3nj2g.jpg
I can see and understand how to calculate stake's amount for fighter-1 and fighter-2 but I do not understand how stake's amount (16.40) will be calculated for Tie outcome for william hill.
I'll appreciate it if someone helps me to understand this question.