Re: Arbs
In Najdorf's example, most of us would put $200 on the 1-1 bet and $100 on the 3-1 bet. You win $100 either way then and you no longer care who wins.
In the real world, a more typical example would be this bet I placed last weekend:
$3,000 on the Cardinals -2.5 +114 to win $3,420
$3,363 on the Eagles +2.5 -110 to win $3,057
If the Cardinals won, I won $57 more than I lost on the Eagles. If the Eagles won, I won $57 more than I lost on the Cardinals. Either way, I win and am one step closer to clearing my bonus and getting paid almost 1% on my money for the trouble. If you can find 1% per week, you earn 52% on the year. If you earn 1% per day, you earn 365% on the year.
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