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Module III: The world of bookmakers

19. Arbitrage

Surebet calculation, and why it is not free money in practice.
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Chapter outline

  1. 19.1Surebet recognition, the stake-splitting formula
  2. 19.2Practical pitfalls: odds change, void rules, limits
  3. 19.3Why it is not free money

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18. Bonuses and matched betting

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20. The mathematics of luck