Wednesday, April 12, 2006

Arbitrage is a situation when the bookmakers prices differ enough that they allow bettors to back all outcomes and still make a profit. It is often referred to as an arb. Arbitrage is to make a combination of bets so that if one bet loses another wins. There is an implication of having an edge, at no risk at all or low risk. The second bet hedges the first. Arbitrage can also be used as a noun. Read further...