1. What is the 3 Way Bet Calculator?

The 3 Way Bet Calculator calculates potential profit from arbitrage betting across three different outcomes. It helps bettors identify opportunities where they can guarantee a profit regardless of the outcome.

2. How Does the Calculator Work?

The calculator uses the 3 way bet formula:

Where:

• \( Stake \) — Total amount bet across all outcomes ($)
• \( Odds1 \) — Decimal odds for outcome 1
• \( Odds2 \) — Decimal odds for outcome 2
• \( Odds3 \) — Decimal odds for outcome 3

Explanation: The formula calculates the total payout if you bet on all three outcomes and subtracts the original stake to determine profit.

3. Importance of Arbitrage Betting

Details: Arbitrage betting allows bettors to lock in profits by exploiting differences in odds across different bookmakers. It requires careful calculation and quick execution.

4. Using the Calculator

Tips: Enter your total stake amount and the decimal odds for all three outcomes. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is arbitrage betting?
A: Arbitrage betting is a strategy where you bet on all possible outcomes of an event at odds that guarantee a profit regardless of the result.

Q2: How do I identify arbitrage opportunities?
A: Look for situations where the sum of the reciprocals of the odds is less than 1 across different bookmakers.

Q3: What are the risks of arbitrage betting?
A: The main risks include bookmakers limiting your account, odds changing before you place all bets, and calculation errors.

Q4: Do I need to use multiple bookmakers?
A: Yes, arbitrage opportunities typically arise from odds differences between different bookmakers.

Q5: Is arbitrage betting legal?
A: Yes, arbitrage betting is legal, though some bookmakers may restrict accounts of bettors who consistently use this strategy.