| Kansas City Chiefs | -160 |
| San Francisco 49ers | +140 |
Arbitrage Calculator
Arbitrage betting involves placing wagers on both sides of a betting line, each made at a different sportsbook. The varying lines offered by different bookmakers sometimes allow bettors to profit from a game regardless of the outcome.
Gaming Today’s Arbitrage Calculator allows you to input two or more lines simultaneously and calculate the edge at each sportsbook. An arbitrage betting opportunity exists if the effective bookmaker margin equals less than one.
Arbitrage Calculator
Before you use the calculator, brush up on the terms involved.
Selection: A specific bet/team.
Include: Checkboxes for when to include a selection in your arbitrage calculations.
Bias: Which team do you think has the better chance of winning among your selections?
Highest Odds: The best odds you can find for your selection.
Total Wager: The total amount you want to wager across all your selections.
How To Use the Arbitrage Calculator
1
Identifty Arbitrage Opportunity
An Arbitrage Calculator is most suitable for two-way bets like moneylines where you can wager on one of two outcomes.
Moneyline bets offer straight-up wagering on which team will win a game, with no point spread involved. The underdog on the moneyline usually pays out at better odds than the favorite. When looking at the moneyline, the favored team is denoted by “-” odds, while the underdog can usually be found by looking for the team with “+” in front of its odds. For “+” lines, the higher the number, the bigger the payoff.
2
Enter Highest Odds for Each Selection
The Arbitrage Calculator reviews the implied probabilities for each outcome based on the odds. A successful arbitrage opportunity exists if you can find opposing lines that allow you to profit off the betting line regardless of the outcome.
3
Collect Data
The calculator will suggest an amount of money to wager on each outcome to secure a guaranteed profit.
Arbitrage Calculator Example
You can see if an arbitrage opportunity exists for this game by inputting the best line on each team into the “Highest Odds” field in the Arbitrage Calculator. In this example, the best line on Kansas City (-160) is offered by “Sportsbook A.” The better line on San Francisco comes from “Sportsbook B,” with +170 odds on the 49ers.
"Sportsbook A" Super Bowl Moneyline Odds
"Sportsbook B" Super Bowl Moneyline Odds
| Kansas City Chiefs | -195 |
| San Francisco 49ers | +170 |
So, you can input -160 (Kansas City’s highest odds) on the “Selection 1” line, then +170 for “Selection 2” (San Francisco’s highest odds). Click the “Bias” column for the team you think has a better chance of winning, and be sure the “Include” row is checked off for each line you want to calculate.
For this example, we’ll input 100 in the “Total Wager ($)” field and calculate the arbitrage odds for a $100 bet. Inputting the best odds on both sides of this hypothetical bet, with a bias toward Kansas City, yields this output from the arbitrage calculator:
Legal States for Arbitrage Betting
Illinois
Illinois is home to various big-name sportsbooks, such as DraftKings, FanDuel, BetMGM, Caesars, and BetRivers. You can use our Arbitrage Calculator in the Land of Lincoln to compare odds and find profit opportunities across various Illinois sportsbooks.
Pennsylvania
Pennsylvania was one of the earliest adopters of legal sports betting. Now, the state offers a smorgasbord of amazing sportsbooks. PA bettors (including residents and visitors) can find arbitrage opportunities using our calculator at Pennsylvania sportsbooks like DraftKings, BetMGM, and many more.
North Carolina
North Carolina is one of the most recent states to hop on the sports betting expansion wave. The state already has the biggest names available, which means sports bettors can use FanDuel, Caesars, and other top North Carolina sportsbooks to seek arbitrage betting.
Arbitrage Betting FAQ
Arbitrage betting is the practice of placing wagers on either side of a bet at different sportsbooks to guarantee a profit.
You should use the Arbitrage Calculator whenever you’re trying to find guaranteed profit opportunities by betting on multiple sportsbooks on different sides of a bet.
Yes. Some sportsbooks have policies preventing or discouraging arbitrage betting. However, betting two sides of a bet at different sportsbooks for each side prevents any issues.
You can only get banned if you are in direct violation of a sportsbook’s terms and conditions. Check the fine print if you’re concerned.
Arbitrage involves calculating the payout of multiple potential bets and seeing whether you can guarantee a small profit by playing all sides. We’ve saved you the trouble of the math with our Arbitrage Calculator.
