[COLOR=#000000 ! important]I see -120 on Matchbook and +121 on bodog. Problem is i will have to accept the offer at matchbook so there is a 0.07% commission fee because its a baseball game.. Can someone tell me how much one has to wager so they can arb this bet? I know its very tiny but reason for this is because i want to clear some matchbook commission credits. Can someone calculate for me what am i suppose to risk on matchbook and bodog for this to be an arb? If the numbers were -120 and +121 on a book that does not include matchbook then its easy b/c all i would do is go on scalpulator.com and plug it in. But since its matchbook, i am having a horrible time.
Can someone help me with this? I would just like to use $100 as the base amount to make things simple I tried so many numbers and it seems one way or another, i will lose profit no matter what.
For example if i bet
Bodog +121 $100 to win $121
Matchbook -120 ??? to win ???
How much would i have to risk where this bet is essentially an arb? I am having a tough time b/c of the 0.07% commission fee. I mean if i put $120 to win $100, that would not work because if bodog bet wins, i win $0.30 but if matchbook side wins, i lose 0.70 when you factor the commission. I tried plugging in so many numbers by trial and error and cannot seem to find the number where this is an arb. I find this strange because bodog is +121 and even though matchbook is -120 and there is a 0.07% commission fee to the lower of the amount, wouldn't this still be an arb?[/COLOR]
Can someone help me with this? I would just like to use $100 as the base amount to make things simple I tried so many numbers and it seems one way or another, i will lose profit no matter what.
For example if i bet
Bodog +121 $100 to win $121
Matchbook -120 ??? to win ???
How much would i have to risk where this bet is essentially an arb? I am having a tough time b/c of the 0.07% commission fee. I mean if i put $120 to win $100, that would not work because if bodog bet wins, i win $0.30 but if matchbook side wins, i lose 0.70 when you factor the commission. I tried plugging in so many numbers by trial and error and cannot seem to find the number where this is an arb. I find this strange because bodog is +121 and even though matchbook is -120 and there is a 0.07% commission fee to the lower of the amount, wouldn't this still be an arb?[/COLOR]