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To calculate the arbitrage percentage, you can use the following formula: 1. Arbitrage % = ((1 / decimal odds for outcome A) x 100) + ((1 / decimal odds for outcome B) x 100) 2. Profit = (Investment / Arbitrage %) – Investment. 3. Individual bets = (Investment x Individual Arbitrage %) / Total Arbitrage % More

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Sports betting is what it sounds like. You place a bet on a sporting event and win a set amount of money if the team or player you bet on wins. If the team or player you bet on doesn't win you lose your bet.