10-Way Arbitrage Calculator. Surebet
What is 10-Way Arbitrage?
10-Way Arbitrage is an advanced form of arbitrage betting where a bettor places bets on all ten possible outcomes of an event, ensuring a profit regardless of the result. This strategy is used in specialized betting markets that have 10 possible outcomes.
This form of arbitrage is highly complex and is usually applied in niche betting markets, such as special sports events, unique betting pools, or rare market types with ten potential results.
How Does 10-Way Arbitrage Work?
Similar to other arbitrage strategies, the concept behind 10-Way Arbitrage is to cover every possible outcome of an event by placing calculated stakes on each. The idea is to spread the risk across all outcomes while ensuring that the total stakes placed do not exceed the total potential return.
The formula to check for an arbitrage opportunity is as follows:
(1 / Odds 1) + (1 / Odds 2) + (1 / Odds 3) + … + (1 / Odds 10) < 1
If the sum of the inverses of the odds for all ten outcomes is less than 1, an arbitrage opportunity exists. This guarantees a profit regardless of the result of the event.
Example Calculation
Consider an event with ten possible outcomes. Here are the odds for each outcome:
- Outcome 1 → 2.20
- Outcome 2 → 2.50
- Outcome 3 → 2.80
- Outcome 4 → 3.10
- Outcome 5 → 3.50
- Outcome 6 → 4.00
- Outcome 7 → 4.50
- Outcome 8 → 5.00
- Outcome 9 → 5.50
- Outcome 10 → 6.00
Step 1: Check for Arbitrage
(1 / 2.20) + (1 / 2.50) + (1 / 2.80) + (1 / 3.10) + (1 / 3.50) + (1 / 4.00) + (1 / 4.50) + (1 / 5.00) + (1 / 5.50) + (1 / 6.00) = 0.978 → Arbitrage opportunity exists.
Step 2: Calculate Stakes (for a $100 total bet)
- Outcome 1: $45.45
- Outcome 2: $40.00
- Outcome 3: $35.71
- Outcome 4: $32.26
- Outcome 5: $28.57
- Outcome 6: $25.00
- Outcome 7: $22.22
- Outcome 8: $20.00
- Outcome 9: $18.18
- Outcome 10: $16.67
Step 3: Calculate Profit
- No matter which outcome happens, the bettor will receive a return of approximately $102-$105, yielding a $2-$5 profit.
Pros & Risks
✅ Pros:
- Guaranteed profit by covering all ten outcomes.
- Potential for higher returns compared to simpler arbitrage strategies.
- Takes advantage of discrepancies in odds across multiple bookmakers.
⚠️ Risks:
- Requires a substantial amount of capital to place bets on all ten outcomes.
- Odds can change rapidly, making it difficult to secure the arbitrage opportunity.
- Betting on multiple outcomes can lead to complications with bookmaker accounts, such as limits or restrictions.