LEARN THE BASICS.

This is a nice place to get started, learn what albetrage is all about.

UNDERSTANDING ARBING

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.

What is Arbitrage Betting?

In sport, arbitrage is quite similar to the financial world, bettors takes advantage of arbitrage betting by exploiting odd differences in multiple bookies for the same event. The point of arbitrage betting is to cover all of the possible results of a sporting event in order to guarantee a profit, regardless of how the event plays out. Arbitrage works when a bettor takes advantage of the different odds offered by different bookmakers, by placing multiple bets on each of the possible outcomes of an event, so long as the odds guarantee you a profit.

ATE TOKEN

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.

TOKEN DETAILS

Name Ticker Maximum Supply Blockchain
ALBETRAGE ATE 5,000,000,000 TRON

Token distribution

Airdrop and Bounty

5%

Legal

5%

Team and Advicers

10%

Marketing and Adoption

30%

Foundation

50%
Ate token is a TRC-20 standard smart contracts token written in Solidity and deployed on the Tron blockchain. .

USE CASE


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.

If he wins with player 1 option
1.7 X 500usd = 850usd ------ he loses 150usd


If he wins with player 2 option
2.2 X 500usd = 1,100usd ------ he gains 100usd


But since we offered a better odd on player 2 to win at albetrage and also the tools to make an accurate calculations, the bettor can easy make use of arb calculator on albetrage site to check whether arb exist between our odds and the bookie odds, the percentage of returns he/she will be expecting and also the amount to place on each platform, as illustrated in the image below.

With 1000usd betting capital, and arb calculator on albetrage site, the bettor will know the right amount to place on each bet to guarantee a profit, if the bettor place 680usd bet on player 1 to win @ 1.7 odd at the bookie and 320usd bet on player 2 to win @ 3.6 odd at albetrage.

If he wins with player 1 option
1.7 X 680usd = 1156usd ------ he gains 156usd


If he wins with player 2 option
3.6 X 320usd = 1,152usd ------ he gains 152usd


No matter the outcome of the match, he is guaranteed a profit either at the bookie or at Albetrage platform.

See Also

Whitepaper

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Roadmap

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