4 ms·
What do you mean by "work out" an arbitrage system? Arbitrage is arbitrage. Do you mean he wrote a system to find arb opportunities and place the bets automatic
by heyitsnick 16y ago
What do you mean by "work out" an arbitrage system? Arbitrage is arbitrage. Do you mean he wrote a system to find arb opportunities and place the bets automatically?
- ojbyrne 16y agoArbitrage can mean buying a package of items and selling another equivalent package of items. So in horse racing (vague 20 year old memories here), it might mean betting on the a certain proportion of your money on the trifecta and other proportions on each of the horses not included in that trifecta. So you'd have do the math for each combination of 3 horses that could appear in the trifecta, and the corresponding payoffs. I doubt he had something that placed the bets automatically (because betting wouldn't have been on the internet) but he had some software to take the odds and identify arbitrage opportunities.