This is a nice place to get started, learn what albetrage is all about.
In the financial world, Arbing (Arbitrage), is the process of purchasing something (mostly an asset or product) and then selling it almost immediately in another market for a higher price in order to profit from an imbalance in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms.
ATE Token is the fuel of the Albetrage's platform, it is a community driven decentralized crypto currency powered by a decentralized TRC-20 smart contract on the Tron blockchain to nourish the connection between blockchain and betting. It tends to distrup the way the gambling industries operates by putting power in the hands of the bettors. It can be transfered peer to peer and easily traded on crypto exchanges.
To help you understands perfectly how arbitrage works, we are going to use the odds on a tennis match between Player 1 and Player 2 offered by bookie A and Albetrage platform - as illustrated in the image above.
In the above image, we are using a hypothetical scenario where Bookie A has placed odds as follows: Player 1’s odds of winning is 1.7, and Player 2’s odds is 2.2. Meanwhile, Albetrage being an arbitrage platform considered differently and placed odds for Player 1 as 0, and Player2 as 3.6.
If the bettor place 1000usd bet on player 1 to win @ 1.7 odd and player 2 to win @ 2.2 odd at the same bookie, what will happen is that he/she must win either options since there must be a winner.
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