## Calculator Instructions

## How to use the 3 Way Arbitrage Betting Calculator

The 3 Way Arbitrage Betting Calculator is used on 3 way betting markets such as Home-Draw-Away Markets for soccer and hockey games.

If you need to bet on a 2 way market or any other binary markets use our 2 Way Arbitrage Betting Calculator.

For 4-way markets use our 4-Way Arbitrage Betting Calculator.

The 3 way arbitrage betting calculator currently supports three odds formats. These are moneyline odds (American Odds), Percentage Odds (Implied Probabilty) and Decimal Odds (European Odds). You can select the odds format from the dropdown menu at the top of the calculator.

Once you have selected an odds format, you will need to select a bet stake type by clicking the checkbox of either **â€˜First Bet Stakeâ€™** or **â€˜Total Bet Stakeâ€™**.

**First Bet Stake:**

This is when we want to set a fixed bet amount for one bet (For example $100 on the home team to win) the calculator will then calculate how much we would need to place on the opposing team as well as the draw.**Total Bet Stake:**

This option is when we would like to specify how much we want to bet in total between all outcomes (For example I want to bet $100 in total on this arb). The calculator will work out how much we should place on each betting outcome.

In the next section of the calculator we want to enter the odds for each outcome. Once entered the calculator will work out the **Suggested Bet Stakes** along the **Arb %**

The **Arb %** is how much the implied probabilities of the odds are below 100%. A negative percentage means the bet is unprofitable!

The **Stake Rounding** boxes allow you to alter the bet stakes. For Example, I could change the bet stakes for the Second Bet from **$553.57** and **$550.00** to look more natural to a sportsbook. I can then do the same from the Third Bet and round the bets stake down to **$440**. The calculator will adjust the profit calculations to include your desired stake round.

At the bottom of the calculator we get a breakdown of our individual bets profit and loss for each outcome winning along with an overall **Total Profit**.

Any **Stake Rounding** will adjust these profit and loss figures.

## How to Calculate Arbitrage Bets

If you would like to calculate your arbitrage bets manually or create your own 3 way arbitrage betting calculator using excel or google sheets. The basic arbitrage formula is rather simple:**Bet Stake** = **Overall Bet Stake** x (**Bet Implied Probability**/ **Sum of Implied Probability For All Bets**)

Do this for all betting outcomes.

If you would like to set the bet amount for one of the bets then you only need to calculate the bet stake for the opposing bet. The formula would then be:**Hedge Bet Stake** = (**Fixed Bet Stake** x (**1/Fixed Bet Implied Probability**)) / **Hedge Bet Implied Probability**