This is where a bettor may secure risk-free profits by betting on every possible outcome of the event.įor 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 the odds offered on the different outcomes of a bet are sufficiently large then a profitable opportunity called a scalp exists.
