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Sports Arbitrage Calculator

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.

Skills: Matlab and Mathematica, PHP

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About the Employer:
( 35 reviews ) Dallas, United States

Project ID: #538442

3 freelancers are bidding on average $317 for this job

aashnaa1

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.

$300 USD in 5 days
(5 Reviews)
3.1
dmn001

I am a mathematician interested in doing this. I am not an expert, but I can find the algorithm and write it in Matlab if needed.

$250 USD in 7 days
(0 Reviews)
0.0
thehostgod

We can create this calculator for you. Waiting for your contact.

$400 USD in 3 days
(1 Review)
0.0