Can some one let me know how accurate this calculator is? Please do not bid on this project unless you are an intermediate or expert on this type of thing. I will pay the winning bidder for the correct answer and any modifications needed to the calculator below. I already have it converted to a php function which I will provide if needed. I will need the answer with step by step calculations to come up with the same results as mentioned in the paragraph below.
http://www.sbrforum.com/Betting+Tools/Arbitrage+[url removed, login to view]
How accurate is this calculator? When I do manual calculations of the example below I don't get profit on both outcomes.
For example, if one book were offering the Yankees to win against the Blue Jays at -150, and another book were offering the Blue Jays to win against the Yankees at +155, then for every $100 you bet on the Yankees, were you to bet $65.36 on the Blue Jays, you'd guarantee a risk-free profit of $1.31 or 0.791%.
If in fact the calculator is wrong...I will accept bids to create one that works. What it needs to do is determine the amount to bet on site A that will turn a profit on site A and site B based on odds on site A and site B.
3 freelancers are bidding on average $317 for this job
The one in question is wrong. I know about sports arbitrage and how they work. I can create this for you. I have created odds applications, and can create this calculator for you. Time taken will be 5 days or less.