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Arbitrage sports betting involves placing bets on all possible outcomes of a sporting event across different bookmakers. The differences in odds, bettors can ensure a profit regardless of the event’s outcome. Taking chance OUT of the equation.
Positive expected value (EV) betting refers to placing bets where the expected value of the wager is greater than zero. This means that, over the long term, you can expect to make a profit if you consistently make such bets.
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Expected value is calculated by multiplying the probability of each outcome by its respective payout and summing those values.
Arbitrage sports betting involves placing bets on all possible outcomes of a sporting event across different bookmakers to guarantee a profit, regardless of the result. For example, if Bookmaker A offers odds of 2.10 for Team A to win and Bookmaker B offers odds of 2.20 for Team B to win, by placing the right amounts on each outcome, you can ensure a profit no matter who wins. This takes advantage of differences in odds between bookmakers.