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Soccer Over/under 2.5 goals: arbitrage calculator

Market
2-way
Typical overround
3%–7%
Sample arbitrage return
-2.50%
Inputs
2 legs
Odds format for every leg
Leg 1
Leg 2
Results
Return on stake-2.50%-2.50 profit on 100.00 staked
No arbitrage
Profit on every outcome
-2.50
Total stake
100.00
Sum of implied probabilities
102.56%
LegOdds usedEffective oddsStake
Back Over 2.51.9501.95050.00
Back Under 2.51.9501.95050.00
If this winsLegs that payGross returnCommissionNet profit
Over 2.5Over 2.597.500.00-2.50
Under 2.5Under 2.597.500.00-2.50

No arbitrage: -2.50% return

Over/under 2.5 goals is a two-way market with no push: a half-goal line cannot land exactly. Different books may quote different lines (2.5 versus 3.0), and only prices on the same line form an arbitrage.

Market structure

Soccer Over/under 2.5 goals has 2 outcomes (

Over 2.5, Under 2.5

). Bookmakers typically price it with an overround between 3% and

7%

. For an arbitrage you need prices from at least two books whose implied probabilities, taken at the best price per outcome, add up to less than 100%.

Worked example

Two books quote 1.90 / 1.95 and 1.95 / 1.90. Taking the best price for each outcome (1.95 / 1.95) gives an implied sum of 102.56%. Arbitrage: no, return -2.50%. The calculator above is pre-filled with those best prices; the stakes for 100 in total are 50.00 / 50.00.

Best price per outcome across two books
OutcomeBook ABook BBestStake of 100
Over 2.51.901.951.9550.00
Under 2.51.951.901.9550.00

Two-way specifics

Totals at different books can sit on different lines (2.5 at one, 3 at another). Only identical lines form an arbitrage; a half-point difference is a middle, which is a different bet.

Frequently asked questions

How many legs does a Soccer Over/under 2.5 goals arbitrage need?

One per outcome: 2 legs covering Over 2.5, Under 2.5. Every outcome must be backed for the position to profit whatever happens.

How large is the overround in Soccer Over/under 2.5 goals?

Typically 3% to 7% at a single book. An arbitrage needs the best prices across books to sum below 100%, so the gap between books has to exceed the margin.

Is the worked example on this page a real arbitrage?

The sample prices give an implied sum of 102.56% at the best price per outcome (arbitrage: no). They are illustrative; live prices change constantly.

What can go wrong with an arbitrage across 2 outcomes?

A leg not being available at the assumed price, a void or push on one leg, different settlement rules between books, and stake limits that stop you placing the full amount.