Sports Arbitrage Spreadsheet
This is a free spreadsheet you can use to calculate arbitrage opportunities. It has 4 different formulas. You can download it by right-clicking spreadsheet-sports-arbitrage.xlsx and selecting "Save target as".
Part 1 - Fraction Conversion
This shows you how to convert fraction into decimals so you can plug the numbers into the other formulas.
Part 2 - Total Bet
This is the amount determined by you for the total amount that you want to bet.
Sheet 3 - Players and Odds
On this sheet you type in the different teams and the odds and the spreadsheet will automatically calculate the bet mount for each team.
Sheet 4 - Results
This shows you the profits you would have under different scenarios.
March 1, 2013