DISCLAIMER: I’m aware of all of the provisos, addenda, and other errata regarding the perils of trying to beat the sports books via arbitrage bets. I hold no delusions that I can make consistent money at this, and mostly I’m just interested in the math of it all.
With that out of the way, the explanation AI gave me for how to spot an arbitrage bet made no sense. The sports books apps all express their odds like Team A +115 Team B -225. What calculations do I need to make, with the props expressed this way, to know if I’m looking at a possibility for an arb bet?
As in: GigaSports offers the odds above. What information would I need to look for on the MondoBets app to see an opportunity?