Arbitrage Calculator for Sports Betting | June 2025

This guide is designed to help you understand how an arbitrage betting calculator works. We will give you examples and explain why it’s possible to generate guaranteed returns. 

Our team of experts can also talk you through the pros and cons of hedge betting, along with the best strategies to adopt. It’s good to understand how arbing works, although there are tools that will always help to simplify the process. 

Placing an arb bet involves wagering on both options and generally involves a two-way market. It also means using different sports betting sites, as their odds can differ for every game. 

Sometimes you can place a bet for each possible outcome and make a profit whichever one wins. That is because sportsbooks offer different odds according to their overall view. The arbitrage bets calculator can immediately tell you if such an opportunity exists. 

Arbs are not available all the time. Some sportsbooks will have their software to ensure they don’t get caught out. They generally appear when a sportsbook offers bigger odds for a pick than its competitors. 

The arb betting goal for a customer is to end up with a definite profit by using the arb calculator and then following the staking plan accordingly. It’s often the case that a bettor will have a sizeable bankroll to proceed.

Arbitrage betting involves betting on both picks. This might be for the moneyline, points spread, or total. It’s generally done for a two-way market. It involves having an account with different sportsbooks. 

Also, you need to use a betting arbitrage calculator to ensure that the math is correct before you wager. The odds on both sides of the market can sometimes yield a percentage profit, whatever happens. 

Arbitrage Betting Examples

Example 1

 - The Golden State Warriors are priced at +110 on the Moneyline to beat the Denver Nuggets with DraftKings.

 - The Denver Nuggets are available at +110 on the Moneyline to beat the Golden State Warriors with FanDuel. 

You can therefore enter these odds into a betting arbitrage calculator along with a $100 stake for each pick. That means staking a total of $200. The arbitrage calculator will reveal that you will receive a $210 payout whichever team wins. Therefore, you would make a $10 profit with this wager, although you can amend the staking plan to achieve a different return. 

Example 2 

 - Philadelphia Eagles +5.5 are currently available at +120 for their Super Bowl clash with the Baltimore Ravens at BetMGM Sportsbook.

The Ravens -5.5 have been given +100 for the same game with bet365. The clue here is that both teams have a +odds value which means a 50%+ implied probability by the sportsbooks. 

The arbitrage odds calculator can once again be used to good effect. Entering these odds into the arbitrage betting tool might tell you to stake $95.24 and $104.76 on the respective picks, meaning $200 in total. This would result in a total payout of $209.52 and a profit of $9.52.

Arbitrage betting is possible simply because sportsbooks have different odds for each other. Arbing can certainly form part of an overall betting strategy. 

It’s perfectly legal to identify betting opportunities and use a hedge bet calculator to profit. After all, you are betting in the normal way and simply taking the biggest odds with each sportsbook. 

We recommend using the OddsJam arbitrage betting calculator to find the best options. Bettors who arb tend to have a large bankroll, and the guaranteed profit is only a small percentage of your overall stake. It’s worth checking the maximum stake you can have before proceeding with the suggested bet according to the bet hedge calculator. 

Once you have used the arbitrage formula to highlight a staking plan for each pick, you should place the bets at the same time. This is because the odds are always subject to change. Especially if a sportsbook is out of line with their odds compared to the other operators.

Going back to Example 1 above, you are staking $200 to achieve a $210 payout. However, it might be possible to wager $200 on each team, meaning a $400 outlay and a $420 payout instead. It’s beneficial to bet like this if you have a big bankroll and are careful with how you place your bets.

Choose a 2-Way Market: Stick to the Moneyline, Total, and Spread. This keeps things simple when using the arbing calculator. It also minimises the admin when it comes to the actual bet placement, as you only need to make two wagers. 

Start with Smaller Stakes: Once you’ve used the arbitrage calculator to reveal the arb, test the water out by betting smaller amounts. Once you have placed bets on both selections and landed a profit, you then understand the steps needed to take each time.

Sign up with Lots of Sportsbooks: The more sports betting accounts you have, the better. It means that you have a better chance of finding an arb regularly. You will also find bigger percentage gains when it comes to using the arbitrage betting tool. Many sportsbooks try to stand out with their odds, and you can take advantage.

It might initially seem daunting, but arbitrage betting is quite simple. Having an arbitrage betting calculator allows you to understand the percentage profit on your stake. Before you even place an arb bet, we recommend signing up with several sportsbooks. There’s a chance to claim a welcome bonus each time. 

We recommend using the arbitrage bets calculator to establish whether an arb exists. As a general rule, if both selections are available at +100, then there would be 0% gain or loss by betting equal stakes. However, if one pick was +110 with another sportsbook, then you can proceed and take advantage. 

We’ve used the OddsJam arb calculator to establish that there’s a chance to make a profit on:

- Miami Dolphins @ 1.80
- Chicago Bears @ 2.30

Let’s say we want to achieve a total return of $500. 

The stake for both teams will be the desired return multiplied by the odds.

So for Miami, $500 / 1.80 = $277.78. For Chicago, $500 / 2.30 = $217.39. 

That means a total layout of $495.17 to achieve a return of $500. The good news is that this calculation is done using the OddsJam arbitrage betting calculator. 

A betting arbitrage calculator should be used by bettors looking to gain an edge over the house. Companies such as OddsJam will flag up arbs as part of their service. You can then use an arbitrage odds calculator to determine how to take full advantage. 

If the Eagles are +5.5 at +120 with BetMGM and the Ravens are -5.5 at +100 with bet365, then you can enter this information in the arbitrage odds calculator. You can move the stake up and down for both selections and see how much the arb would yield with the amount you’re prepared to stake.

Hedge betting can also be advisable if you have placed a sports bet and the odds have changed In-Play. It means that you can wager on the team’s opponents to guarantee a profit, whatever the outcome. It’s down to customer judgment as to whether to place this sort of bet and when to do it.

An arbitrage calculator is mainly used when identifying how to fully take advantage of a discrepancy in the odds. Sometimes, a sportsbook either makes a mistake or decides to offer odds that are bigger than its competitors. 

When you compare the odds, there’s often a situation where a price stands out from the crowd. It’s all about regularly taking advantage of these selections before the odds are changed. 

The arbitrage betting tool will always give you the information needed to get a guaranteed win. Therefore, if you identify a situation where sportsbooks have created an arb situation, it’s all about entering the data and seeing what steps need to be taken. We recommend using the OddsJam arbitrage betting calculator to take full advantage. 

OddsJam comes highly recommended. They have the tools to help you identify value bets. The arbitrage formula is available as part of the service and there are lots of other great resources. 

Their mission is to help subscribers find guaranteed wins regularly. As part of the service, they will scan the top sportsbook odds to flag up the best opportunities. Sign up for free coaching calls and first-class customer service as part of the subscription. 

We strongly recommend signing up for OddsJam with OddsJam Promo Code BOOKIES, so that you can test the OddsJam Arbitrage Calculator.