Hi,
This is a question for anyone who knows a little bit more about arbitrage (scalping) than most...
I'm wondering if there's a way to get an arb out of matching a 2-way and a 3-way market.
For example, Pinnacle has 2-way markets for Boxing, whereas Betfair has 3-way markets (Opponent1, Opponent2, Draw).
If it's possible, could someone give an example (with numbers please), and even better if you have the formula that will determine the stakes to put on each outcome in order to have the risk-free profit.
Thanks.
This is a question for anyone who knows a little bit more about arbitrage (scalping) than most...
I'm wondering if there's a way to get an arb out of matching a 2-way and a 3-way market.
For example, Pinnacle has 2-way markets for Boxing, whereas Betfair has 3-way markets (Opponent1, Opponent2, Draw).
If it's possible, could someone give an example (with numbers please), and even better if you have the formula that will determine the stakes to put on each outcome in order to have the risk-free profit.
Thanks.