1. 04-19-13 05:09 AM #1
    Foals
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    Question on arbing

    I'm a new bookie at the moment and I'm trying to figure out how to arb this.

    I gave out LAL+500 SAS-800 series bet and i have $500 worth of action on both sides.

    Basically i have LAL +500, $500 to win $2500
    SAS -900, $4500 to win $500

    if san antonio wins, i get $0. but if the lakers win, i get $2000.

    how will I arb this (i profit regardless of which side wins) with 5dimes if their lines are at LAL+660 SAS-840?
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  2. 04-22-13 04:12 AM #2
    bihon
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    Back $1680 SAS @1.19.
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  3. 04-22-13 04:27 AM #3
    shaunovery
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    Quote Originally Posted by bihon View Post
    Back $1680 SAS @1.19.
    can't do that now spurs are at -1600
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  4. 04-22-13 05:07 AM #4
    bihon
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    Quote Originally Posted by shaunovery View Post
    can't do that now spurs are at -1600
    It doesn't matter.
    The math is simply deviding the potential winings on one selection with the odds of the opposite one, so with -1600 it should be 2000/1.0625=$1882 back.
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  5. 04-22-13 09:49 AM #5
    Taka
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    Quote Originally Posted by bihon View Post
    It doesn't matter.
    The math is simply deviding the potential winings on one selection with the odds of the opposite one, so with -1600 it should be 2000/1.0625=$1882 back.
    Speaking of math: $2000 x 1.0625 = $125
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  6. 04-22-13 09:56 AM #6
    William Walters
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    Quote Originally Posted by Taka View Post
    Speaking of math: $2000 x 1.0625 = $125


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  7. 04-22-13 10:21 AM #7
    Taka
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    Quote Originally Posted by William Walters View Post


    ? I was speaking of his profit, the 2k is his anyway. In that case, should SA win the series, he gets 0 from the action he took and $125 from the hedge. Should Lakers win, he gets $2000 from the action but also loses $2000 on the hedge. I don't think it's worth hedging... maybe if Lakers can steal the next one in SA.
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