5 ms·

Does your program looks at past results and infers who's going to win somehow?

• gostsamo 5y ago
  most likely this is betting arbitrage. check the odds on different bookmakers and try to find an opportunity where you can bet on both sides and win regardless.
  • majani 5y ago
    Yup, especially in games like basketball where no draws are allowed
  • slig 5y ago
    That makes a lot of sense, thanks!
  • deleted 5y ago
    [deleted]
  • vkou 5y ago
    Shouldn't the bid-ask spread eat all of that profit, and more?
    • deleted 5y ago
      [deleted]
    • gostsamo 5y ago
      No, you don't do it on random. Let's say you are looking at basketball game X vs. Y. Bookmaker A is giving odds X win 2.5 and Y win 1.33 Bookmaker B is giving odds X win 1.55 and Y win 2.10 What you do is bet on X in A and on Y in B. Let's say that you invest $2000 ($1000 in each bookie). If X wins, you loose $1000 on Y, but you win $2500 from X. Total profit = $500. If Y wins, you loose $1000 on X, but you win $2100 on Y with net profit of $100.