Arbitrage betting is a popular way for Kenyan sports bettors to take advantage of different odds offered by various bookmakers. By calculating the difference in odds, bettors can make a profit regardless of the outcome of a game.
To calculate arbitrage betting in Kenya, you will need to follow these steps:
- Identify the game and the bookmakers you want to bet with. Start by choosing a game that has multiple bookmakers offering different odds. For example, if you want to bet on a Kenyan Premier League soccer match, you can check the odds offered by different bookmakers such as SportPesa, Betika, and Elitebet.
- Calculate the difference in odds. The difference in odds between two bookmakers is known as the “arbitrage percentage.” To calculate this, you will need to subtract the lower odds from the higher odds and divide the result by the lower odds. For example, if SportPesa is offering odds of 2.0 for Gor Mahia to win and Betika is offering odds of 2.5 for Gor Mahia to win, the arbitrage percentage would be calculated as follows: (2.5 – 2.0) / 2.0 = 0.25 or 25%.
- Determine the amount to bet. Once you have calculated the arbitrage percentage, you will need to determine how much money you need to bet in order to make a profit. To do this, you will need to multiply the arbitrage percentage by the amount you want to bet. For example, if you want to bet KES 100 and the arbitrage percentage is 25%, you will need to bet KES 25 with one bookmaker and KES 75 with the other bookmaker.
- Place your bets. Once you have determined the amount to bet, you can place your bets with the different bookmakers. Make sure to place your bets as quickly as possible, as odds can change quickly in the world of sports betting.
- Calculate your profit. After the game is over, you can calculate your profit by subtracting your total bet from your total winnings. If Gor Mahia wins and you bet KES 25 with SportPesa and KES 75 with Betika, your total winnings would be KES 50 + KES 187.5 = KES 237.50. Your total bet was KES 100, so your profit would be KES 237.50 – KES 100 = KES 137.50.
It’s important to note that calculating arbitrage betting is not always easy, as it requires you to have a good understanding of the odds offered by different bookmakers. In addition, you will need to have quick reflexes in order to place your bets before the odds change.
However, if you are able to successfully calculate arbitrage betting, it can be a great way to make a profit from sports betting in Kenya. Just be sure to do your research and carefully consider the risks and rewards before placing any bets.
One of the biggest risks of arbitrage betting is the possibility of one of your bets being voided or cancelled. This can happen if one of the bookmakers decides to change the odds after you have placed your bet. In this case, you could lose your entire bet, resulting in a significant financial loss.
To minimize this risk, it’s important to choose bookmakers that are known for offering stable and reliable odds. You should also consider using a sports betting calculator to help you calculate the potential profits and losses of your bets.
Another risk of arbitrage betting is the possibility of making a mistake in your calculations. This could result in you placing the wrong
Read: The Pros and Cons of Accumulator Bets in Sports Betting
