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[ignatus]

OK, don't know if I got this right? Think I must study more :S


Take one game for an example.


Grand Rapid Griffins 1.71 - Rockford Icehogs 2.10


Let's say I got 300$ and I wish to bet on these using arbitrage betting.


To calculate the bets  (I wish to win 100$ on each)


First Game:


100/1.71= 58.5$
100/2.10= 47.6$


So I bet 58.5$ on Grand Rapid Griffins and 47.6$ on Rockford Icehogs

Something wrong here. hmm

100-58.5-47.6= -6$ on both. lol

[esoito]

Your calculations were correct.

Good try, but is it arbitrage? I've started a separate thread defining arbitrage, and for others to contribute ideas there.

Once you're read it you can answer the question yourself.


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Dutch Book betting is where you can back , say, two horses and whichever wins delivers your nominated profit AND gives you both bets back.

And that seems to be what you are trying to do.

The calculations are fairly complex but software can do it quickly and easily.

Mr Google will show you all sorts of dutch book software 'out there' -- some is free; some is not.

I have to say, though, that the prices you quoted are rather low, and some dutching software won't work properly as a consequence.


Legally FREE and accurate dutching software is here:   http://www.horseracingsoftware.net/

When you enter your above figures you end up with -6.

Always best to use prices over 2.00 for dutching.