deipnosophist
Player Valuation: £80m
??
I am struggling with odds mathematics here. For a risk free arbitrage: if you have 5 teams you are betting on winning, would not the lowest odds required be 5:1??.
In the above scenario, if you bet $500 ($100/team to win) and City win, you collect $450 (350 plus your ante), and are down the gurgler $50.
City are 10/3 and you can get 6/1 best on us at Corals.
Best odds with High Street bookies:
City 7/2 Ladb, Arsenal 5/1 Bfred Chelsea 11/2 Hills (6s available), Everton 6/1 RS 15/2 (Power, 8/1 also available) - so you could put a bet on all 5 (hedging) to make a profit of 17% providing one of those 5 win the cup.
I am struggling with odds mathematics here. For a risk free arbitrage: if you have 5 teams you are betting on winning, would not the lowest odds required be 5:1??.
In the above scenario, if you bet $500 ($100/team to win) and City win, you collect $450 (350 plus your ante), and are down the gurgler $50.
