Arbitrage Calculator Apk
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Sports Arbitrage Calculator Features: Only thing you need to do is, entering the odds for different types of bets. Put your arbitrage bettings and odds to the Dashboard and stakes will be calculated. ArbsCalc is a small Windows application whose purpose is to help arbitrage traders calculate their bets dynamically and minimize the loss on the whole trade.
Arbitrage betting strategies involve placing wagers on both sides of the same game, with each bet made at a different sportsbook. The varying lines offered at different sportsbooks sometimes make it possible to use arbitrage bets that ensure player profit on a game, no matter what the outcome.
The Gaming Today Arbitrage Calculator allows you to input two or more lines at a time and instantly calculate the sportsbooks’ edge. If the effective bookmaker margin equals less than one, an arbitrage betting opportunity exists.Using An Arbitrage Calculator For Moneyline Bets
Moneyline bets offer straight-up wagering on which team will win a game, with no point spread involved. The underdog on the moneyline pays out at better odds than the favorite.
When looking at the moneyline, the favored team is denoted by “-“ odds, while the underdog can be found by looking for the team with “+” in front of its odds. For “+” lines, the higher the number, the bigger the payoff. For “-“ odds, lower numbers indicate better payoffs.
The object of arbitrage betting is to find a way to bet on the favorite at one sportsbook while betting on the underdog at another. A successful arbitrage opportunity exists if you can find opposing lines that allow you to profit off the game no matter what.
Let’s take a look at a theoretical arbitrage opportunity, using Super Bowl LV as an example:“Sportsbook A” Super Bowl LV Moneyline OddsKansas City Chiefs-160Tampa Bay Buccaneers+140“Sportsbook B” Super Bowl LV Moneyline OddsKansas City Chiefs-195Tampa Bay Buccaneers+170
You can see if an arbitrage opportunity exists for this game by inputting the best line on each team into the “Highest Odds” field in the Gaming Today Arbitrage Calculator. In this example, the best line on Kansas City (-160) is offered by Sportsbook A. The better line on Tampa Bay comes from Sportsbook B, which offers (+170) odds on the Buccaneers.
Input -160 (Kansas City’s highest odds) on the “Selection 1” line, then +170 for “Selection 2” (Tampa Bay’s highest odds). Click the “Bias” column for the team you think has a better chance of winning, and be sure the “Include” row is checked off for each line you want to calculate.
For this example, we’ll input 100 in the “Total Wager ($)” field and calculate the arbitrage odds for a $100 bet. Inputting the best odds on both sides of this hypothetical bet, with bias toward Kansas City, yields this output from the arbitrage calculator:How To Use The Data From The Gaming Today Arbitrage Calculator
The arbitrage calculator tells us that the bookmaker margin is 0.9858 in this scenario. Anything less than “1” indicates an arbitrage opportunity for the bettor.
In this case, you have a 1.45% profit opportunity from betting on the best odds on each team at the different sportsbooks. The first column (“None”) shows how you would fare by placing $100 on each side of the bet, and Kansas City (the “bias” team in this example) won the game.
That strategy won’t win in the long run, however, as you need to figure out how to break up your $100 bet to place the right amount of money on both sides of the bet.
The second column (“No Bias”) displays exactly how much you need to bet on each line to gain the maximum profit. For this example, you’d need to bet $62.43 on Kansas City (-160) and $37.57 on Tampa Bay (+170) to achieve the 1.45% profit, which you earn no matter which team wins.
The third column (“Bias”) shows the maximum you could bet on the team you’re biased toward thinking will win the game while ensuring at least a breakeven result if that team loses. In this example, you could bet a maximum of $62.96 on Kansas City and still break even if the Chiefs lose.
The Gaming Today Arbitrage Calculator can be used to evaluate an unlimited number of lines. Click the “Add Selection” bar to add another line. This feature can be used to evaluate futures bets or any other kind of wager with three or more lines.Calculating Negative Moneyline Odds
US sportsbooks generally display lines using American odds, with “-“ in front of the favorite’s odds and “+” in front of the underdog’s odds.
To calculate “-“ odds, divide 100 by the odds (without the minus sign) and multiply that quotient by the amount of the wager.
A $50 bet on the Kansas City (-160) line, for instance, would calculate as (100/160)*50, which ends up as (0.625)*$50 and yields a solution of $31.25.
A winning $50 bet on the Kansas City (-160) lines would result in $81.25 total returned to the bettor ($31.25 profit plus the original $50 wager).Calculating Positive Moneyline Odds
To calculate “+” American odds, divide the odds by 100 and multiply by the amount of the bet.
A $50 bet on Tampa Bay (+170), for instance, could be calculated as (170/100)*$50, which equates to (1.7)*$50 and gives us a solution of $85.
If a $50 bet on Tampa Bay (+170) was a winner, the wager would return $135 total to the bettor ($85 profit plus the original $50 wager.
For an easier way to calculate moneyline odds, check out Gaming Today’s Moneyline Calculator.Line Movement And Arbitrage Betting
Arbitrage opportunities sometimes last only minutes, as sportsbooks change the lines based on how the public is betting.
Sportsbooks offer odds that aim to bring in enough money on both sides of the bet, allowing the house to profit no matter which team wins the game. If the public heavily favors one side of the bet, the house will start to shift the line the other way.
For example, the (+170) line on Tampa Bay in the above example might not last long, as the public could start putting big money down on the underdog Buccaneers at that price. If the odds on the Bucs go down to +160 or lower, the arbitrage opportunity no longer exists.Legal Online Sports Betting In The US
More than a dozen states currently enjoy access to legal online sports betting. Michigan and Virginia became the most recent states to join the online sports betting industry, with both states launching mobile sports betting apps in January 2021.
The following states currently offer legal online sports betting:States Offering Legal Online Sports Betting
*Michigan
*Nevada
*Virginia
*West Virginia
*New Hampshire
*Oregon
*Rhode Island
*Montana
*Washington DCBest Online Sportsbooks In The USBetRivers Sportsbook
Named after the Rivers Casino brand, BetRivers functions as an online gambling platform operated by gaming giant Rush Street Interactive. BetRivers Sportsbook offers a selection of sports that’s almost unparalleled in the legal US market.
Bettors in New Jersey, Pennsylvania, Illinois, Indiana, Iowa, Colorado, Michigan, and Virginia can access BetRivers’ online sports betting services.FanDuel Sportsbook
Bettors of all experience levels would do well to check out FanDuel Sportsbook for just about any sport. The selection of domestic, international, and niche sports at FanDuel Sportsbook puts the platform in an elite category in the US.
FanDuel Sportsbook currently offers online sports betting in ten states. That list includes New Jersey, Pennsylvania, Illinois, Indiana, Iowa, Colorado, West Virginia, Michigan, Tennessee, and Virginia.DraftKings Sportsbook
DraftKings Sportsbook stands as one of the most recognizable brands in the US sports economy. Since expanding into sports betting, DraftKings has emerged as one of the most popular online sports betting sites in the nation.
DraftKings Sportsbook operates mobile sports betting in eleven states. Bettors in New Jersey, Pennsylvania, Illinois, Indiana, Iowa, Colorado, West Virginia, Michigan, Tennessee, Virginia, and New Hampshire can bet online at DraftKings Sportsbook.Arbitrage Probability Calculator FAQs
Yes. A change in federal laws in May 2018 opened the door for US states to offer online sports betting.
Since that shift in law, more than a dozen states have given the green light for legal online sports betting. Some of the biggest online sports betting markets in the US include New Jersey, Pennsylvania, and Illinois.
Arbitrage betting requires complex calculations if you want to use an optimal, long-term strategy. The Gaming Today Arbitrage Calculator can and should be used any time you want to evaluate an arbitrage opportunity.Arbitrage Calculator Excel
Yes. Arbitrage calculators, along with the other calculator tools here at Gaming Today, can be used legally for any sports bet.How do I convert American odds to fractional odds?
To convert “+” American odds to fractional odds, divide the odds by 100 and change that output to a fraction. To convert +170 into fractional odds, for instance, divide 170 by 100 (170/100) and reduce that fraction to 17/10. In this case, +170 translates to 8/5 fractional odds.
To convert “-” American odds, divide 100 by the odds number (without the minus sign) and change that quotient to a fraction. For instance, -170 odds can be calculated as 100/170 and reduced to fractional odds of 10/17.
FanDuel Sportsbook, DraftKings Sportsbook, BetRivers, BetMGM, and William Hill represent some of the best legal online sportsbooks in the US.
Several other excellent mobile sports betting platforms also operate across the US, including PointsBet, FOX Bet, Unibet Sportsbook, and Golden Nugget Sportsbook.How do I convert American odds to implied probability?
To convert positive American odds to implied probability, you can use this formula:
100 / (“+” American odds + 100)*100 = implied probability
For example, +170 odds would be calculated as 100/(170+100)*100. This converts to 100/270*100, and we end up with a 37.03% implied probability.
To convert negative American odds, the formula looks like this:
“-” odds / (“-” odds + 100)*100 = implied probability
For instance, -160 odds would calculate as 160/(160+100)*100, and convert. to 160/260*100. This equation solves as 61.54, giving us an implied winning probability of 61.54%.
Gaming Today offers an Implied Probability Calculator that yields instant results for any odds input.
In the world of retail arbitrage, the name of the game is to find something cheaper in store and then turn around and sell it for a profit online. For instance, you may find an older video game on clearance for $5 that can sell for $17 online. While it may sound hard to do, it’s a lot easier if you have the right retail arbitrage apps.
In today’s post, I want to talk about the many retail arbitrage scanning apps on the market that help you find these items that can help you make a profit online, mainly Amazon and sometimes eBay.
And, no, you don’t need to be an experienced seller nor do you need thousands of dollars to get started. In all honesty, you can get started with as little as a few dollars to learn how this market works. You just need to find the right items to scan. You also need to take the time to learn what sells the best. It can take time, but like anything, it can pay off as you gain knowledge over time. These apps are going to help you from purchasing items that won’t make you money.
While I won’t go in depth as to how retail arbitrage works, I’m only going to talk about the apps that can help you. In using these apps, it can help you beat your competitors and make a lot more than using the old-school, traditional methods. If you want to learn more about retail arbitrage, I will talk about this at a later date. But, for now, you can view the many YouTube videos on this very subject that can help you make a few hundred, maybe even thousands, in your spare time.
For now, let’s focus on the best retail arbitrage apps. They are as easy as downloading them and then scanning a bar code inside of a store for more in-depth information to show you if it’s profitable. Most of these are apps are straight-forward in how they work, but they can take some time to learn how to interpret the numbers.Amazon Seller App
Price: FREE
Hands down, the Amazon Seller App is the best option out of all the ones I’m about to list, especially if you plan on re-selling on Amazon. A few reasons that I like it is that it’s 100% free and it’s coming straight from Amazon.
As long as you’re a registered seller on Amazon, you can start to use the app right away. If not, you can always sign up for an account. This doesn’t take long.
After you download the app, you can start scanning products immediately, which will help you determine the product’s price, the fees you would pay if you were to sell, the profits, the product’s rank as well as how many people are selling at a given time. These metrics can help you determine if there’s money to be made in the product you found. As an important note, you need to remember that some categories are restricted, so make sure you can sell that item on Amazon before buying! The app will tell you if you ahead of time if you’re able to do so.
Aside from being able to see what you could make, you can also list your products on the spot, manage your orders as well as your returns. Your whole selling profile is available at your fingertips with this very simple selling app.
The app won’t lay it out as easy as the other apps I’m about to mention, but if you’re on a budget and don’t want to spend any money at first, it’s one to at least check out.
I would only recommend this if you plan on selling on Amazon as this is what the app is designed for after all.
*Website: Google Play, iTunes, Amazon
Profit Bandit
Price: $9.99/mo
Profit Bandit is said to be the #1 scouting app, at least according to the company’s website.
The app offers a myriad of benefits, including…
*lightning fast scanning
*if you’re competing against Amazon
*know who has the buy box
*calculates profits based on 15 factors
*offers a restricted items alert
*sales range
*crystal clear profit calculation
It does cost $9.99 per month, but it offers unlimited scanning for both the Android and iPhone. From the many reviews I did read, the monthly price was justified.
*Website:Profit BanditScanPower
Price: $24-$100/mo
ScanPower provides live pricing data for every single item found in the Amazon database. All you need to do is scan your item ones to create a listing and then add items if you were to ship it as an FBA shipment.
The pricing is a smidge higher than most I note here, starting at $24 a month, but you will get much more than just the scanning app.
According to the pricing comparison chart, you can receive reports, listing features as well as a variety of product information, depending on the plan you choose.
Keep in mind that the app doesn’t have the best ratings on the Google Play Store, but I try to include as many options as I can find to help you in your research.
*Website: ScanPowerScoutify
Price: $40/mo
Scoutify isn’t as popular as the rest I mention here, but it can get the job done if you’re willing to pay the monthly price.
It does cost $40 per month to use, but from what I have seen, it includes much more than just scanning. It can also integrate with multiple third-party apps, such as camelcamelcamel, to help you keep track of prices as well as allow you to keep a shopping list to track your scanning history. The monthly fee also allows you to access InventoryLab, which offers reporting, bookkeeping and sourcing tools, all of which could come in handy if you consider yourself to be a power seller on any platform.
If you’re hesitant about the price, they do offer a 30-day free trial to test it out.
*Website:ScoutifyScoutly
Price: $9-$35/mo or $349-$1119 one-time payment
The FBAScan app allows you to scan and check any item listed on Amazon is less than one second with a simple scan.
Unlike a lot of apps that pings Amazon’s database in real-time causing some lag, you can download Amazon’s database directly to your phone for almost instant results. The app, much like the rest, offers an automatic calculation of profits, profit based triggers customized by you, and a historical rank for the products you had in mind.
The company offers a variety of payment options, from a one-time payment to a monthly plan starting at $9.95.
*Website:ScoutlyCompare Prices On Amazon & eBay
Price: FREE but there’s a premium Ad-Free version
Most of the apps I already mentioned primarily deal with Amazon, but this isn’t the case with the “Compare Prices On Amazon & eBay” app.
This app allows you to scan any UPC, then allowing you to compare the prices on both eBay and Amazon instantly. You can also check the reviews and ratings.
While the app isn’t as in depth as the other apps mentioned, it’s a nice free option that allows you to check out the prices. Just remember that you will have to shave off the commission fees to get a final profit number.
*Website:Compare Prices On Amazon & eBayWhat’s it worth on eBay?Arbitrage Calculator Apk Free
Price: FREE but there’s a premium Ad-Free versionArbitrage Calculator App
The “What’s it worth on eBay?” app will let you know a realistic price average on eBay, making it a great choice if you want to flip your items on eBay, not Amazon.
After you search for the item in question, it will show you the average net price as well as how many items have sold in the past. The simple interface makes it easy to understand what you could get out of the item.
If you want an eBay arbitrage app, this is one of the most popular options on the Google Play Store. As I write this, it has more than 500,000 ratings with a solid 4.3/5 rating.
*Website: What’s it worth on eBay?
All of these apps can help you in one way or another if you’re interested in the retail arbitrage world. Even if it’s focused on Amazon, you can still assume these numbers can apply closely to other platforms such as eBay, Craigslist and the many other sites like Craigslist.
While most of these apps do focus on Amazon, this is where most of your money is made. Like I said prior in the introduction, I haven’t talked much about retail arbitrage, but I may do so in the future, in which I will link out to the guide here.
For now, check out these apps and see which ones may help you make money if you already know about this world. If you don’t want to invest anything at first, then the Amazon Seller app may be a great choice. If you have money to spend, however, then the many other premium options I listed could work just as well. It’s just up to you to determine which features are worth paying for.Arbitrage Calculator Apk Download
Now, I leave it up to you.Free Arbitrage Calculator
Have you used any of these apps?
Am I missing any?Arbitrage Calculator Apk Online
If you have anything on your mind, feel free to sound off in the comments below!Arbitrage Calculator Apk App
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Sports Arbitrage Calculator Features: Only thing you need to do is, entering the odds for different types of bets. Put your arbitrage bettings and odds to the Dashboard and stakes will be calculated. ArbsCalc is a small Windows application whose purpose is to help arbitrage traders calculate their bets dynamically and minimize the loss on the whole trade.
Arbitrage betting strategies involve placing wagers on both sides of the same game, with each bet made at a different sportsbook. The varying lines offered at different sportsbooks sometimes make it possible to use arbitrage bets that ensure player profit on a game, no matter what the outcome.
The Gaming Today Arbitrage Calculator allows you to input two or more lines at a time and instantly calculate the sportsbooks’ edge. If the effective bookmaker margin equals less than one, an arbitrage betting opportunity exists.Using An Arbitrage Calculator For Moneyline Bets
Moneyline bets offer straight-up wagering on which team will win a game, with no point spread involved. The underdog on the moneyline pays out at better odds than the favorite.
When looking at the moneyline, the favored team is denoted by “-“ odds, while the underdog can be found by looking for the team with “+” in front of its odds. For “+” lines, the higher the number, the bigger the payoff. For “-“ odds, lower numbers indicate better payoffs.
The object of arbitrage betting is to find a way to bet on the favorite at one sportsbook while betting on the underdog at another. A successful arbitrage opportunity exists if you can find opposing lines that allow you to profit off the game no matter what.
Let’s take a look at a theoretical arbitrage opportunity, using Super Bowl LV as an example:“Sportsbook A” Super Bowl LV Moneyline OddsKansas City Chiefs-160Tampa Bay Buccaneers+140“Sportsbook B” Super Bowl LV Moneyline OddsKansas City Chiefs-195Tampa Bay Buccaneers+170
You can see if an arbitrage opportunity exists for this game by inputting the best line on each team into the “Highest Odds” field in the Gaming Today Arbitrage Calculator. In this example, the best line on Kansas City (-160) is offered by Sportsbook A. The better line on Tampa Bay comes from Sportsbook B, which offers (+170) odds on the Buccaneers.
Input -160 (Kansas City’s highest odds) on the “Selection 1” line, then +170 for “Selection 2” (Tampa Bay’s highest odds). Click the “Bias” column for the team you think has a better chance of winning, and be sure the “Include” row is checked off for each line you want to calculate.
For this example, we’ll input 100 in the “Total Wager ($)” field and calculate the arbitrage odds for a $100 bet. Inputting the best odds on both sides of this hypothetical bet, with bias toward Kansas City, yields this output from the arbitrage calculator:How To Use The Data From The Gaming Today Arbitrage Calculator
The arbitrage calculator tells us that the bookmaker margin is 0.9858 in this scenario. Anything less than “1” indicates an arbitrage opportunity for the bettor.
In this case, you have a 1.45% profit opportunity from betting on the best odds on each team at the different sportsbooks. The first column (“None”) shows how you would fare by placing $100 on each side of the bet, and Kansas City (the “bias” team in this example) won the game.
That strategy won’t win in the long run, however, as you need to figure out how to break up your $100 bet to place the right amount of money on both sides of the bet.
The second column (“No Bias”) displays exactly how much you need to bet on each line to gain the maximum profit. For this example, you’d need to bet $62.43 on Kansas City (-160) and $37.57 on Tampa Bay (+170) to achieve the 1.45% profit, which you earn no matter which team wins.
The third column (“Bias”) shows the maximum you could bet on the team you’re biased toward thinking will win the game while ensuring at least a breakeven result if that team loses. In this example, you could bet a maximum of $62.96 on Kansas City and still break even if the Chiefs lose.
The Gaming Today Arbitrage Calculator can be used to evaluate an unlimited number of lines. Click the “Add Selection” bar to add another line. This feature can be used to evaluate futures bets or any other kind of wager with three or more lines.Calculating Negative Moneyline Odds
US sportsbooks generally display lines using American odds, with “-“ in front of the favorite’s odds and “+” in front of the underdog’s odds.
To calculate “-“ odds, divide 100 by the odds (without the minus sign) and multiply that quotient by the amount of the wager.
A $50 bet on the Kansas City (-160) line, for instance, would calculate as (100/160)*50, which ends up as (0.625)*$50 and yields a solution of $31.25.
A winning $50 bet on the Kansas City (-160) lines would result in $81.25 total returned to the bettor ($31.25 profit plus the original $50 wager).Calculating Positive Moneyline Odds
To calculate “+” American odds, divide the odds by 100 and multiply by the amount of the bet.
A $50 bet on Tampa Bay (+170), for instance, could be calculated as (170/100)*$50, which equates to (1.7)*$50 and gives us a solution of $85.
If a $50 bet on Tampa Bay (+170) was a winner, the wager would return $135 total to the bettor ($85 profit plus the original $50 wager.
For an easier way to calculate moneyline odds, check out Gaming Today’s Moneyline Calculator.Line Movement And Arbitrage Betting
Arbitrage opportunities sometimes last only minutes, as sportsbooks change the lines based on how the public is betting.
Sportsbooks offer odds that aim to bring in enough money on both sides of the bet, allowing the house to profit no matter which team wins the game. If the public heavily favors one side of the bet, the house will start to shift the line the other way.
For example, the (+170) line on Tampa Bay in the above example might not last long, as the public could start putting big money down on the underdog Buccaneers at that price. If the odds on the Bucs go down to +160 or lower, the arbitrage opportunity no longer exists.Legal Online Sports Betting In The US
More than a dozen states currently enjoy access to legal online sports betting. Michigan and Virginia became the most recent states to join the online sports betting industry, with both states launching mobile sports betting apps in January 2021.
The following states currently offer legal online sports betting:States Offering Legal Online Sports Betting
*Michigan
*Nevada
*Virginia
*West Virginia
*New Hampshire
*Oregon
*Rhode Island
*Montana
*Washington DCBest Online Sportsbooks In The USBetRivers Sportsbook
Named after the Rivers Casino brand, BetRivers functions as an online gambling platform operated by gaming giant Rush Street Interactive. BetRivers Sportsbook offers a selection of sports that’s almost unparalleled in the legal US market.
Bettors in New Jersey, Pennsylvania, Illinois, Indiana, Iowa, Colorado, Michigan, and Virginia can access BetRivers’ online sports betting services.FanDuel Sportsbook
Bettors of all experience levels would do well to check out FanDuel Sportsbook for just about any sport. The selection of domestic, international, and niche sports at FanDuel Sportsbook puts the platform in an elite category in the US.
FanDuel Sportsbook currently offers online sports betting in ten states. That list includes New Jersey, Pennsylvania, Illinois, Indiana, Iowa, Colorado, West Virginia, Michigan, Tennessee, and Virginia.DraftKings Sportsbook
DraftKings Sportsbook stands as one of the most recognizable brands in the US sports economy. Since expanding into sports betting, DraftKings has emerged as one of the most popular online sports betting sites in the nation.
DraftKings Sportsbook operates mobile sports betting in eleven states. Bettors in New Jersey, Pennsylvania, Illinois, Indiana, Iowa, Colorado, West Virginia, Michigan, Tennessee, Virginia, and New Hampshire can bet online at DraftKings Sportsbook.Arbitrage Probability Calculator FAQs
Yes. A change in federal laws in May 2018 opened the door for US states to offer online sports betting.
Since that shift in law, more than a dozen states have given the green light for legal online sports betting. Some of the biggest online sports betting markets in the US include New Jersey, Pennsylvania, and Illinois.
Arbitrage betting requires complex calculations if you want to use an optimal, long-term strategy. The Gaming Today Arbitrage Calculator can and should be used any time you want to evaluate an arbitrage opportunity.Arbitrage Calculator Excel
Yes. Arbitrage calculators, along with the other calculator tools here at Gaming Today, can be used legally for any sports bet.How do I convert American odds to fractional odds?
To convert “+” American odds to fractional odds, divide the odds by 100 and change that output to a fraction. To convert +170 into fractional odds, for instance, divide 170 by 100 (170/100) and reduce that fraction to 17/10. In this case, +170 translates to 8/5 fractional odds.
To convert “-” American odds, divide 100 by the odds number (without the minus sign) and change that quotient to a fraction. For instance, -170 odds can be calculated as 100/170 and reduced to fractional odds of 10/17.
FanDuel Sportsbook, DraftKings Sportsbook, BetRivers, BetMGM, and William Hill represent some of the best legal online sportsbooks in the US.
Several other excellent mobile sports betting platforms also operate across the US, including PointsBet, FOX Bet, Unibet Sportsbook, and Golden Nugget Sportsbook.How do I convert American odds to implied probability?
To convert positive American odds to implied probability, you can use this formula:
100 / (“+” American odds + 100)*100 = implied probability
For example, +170 odds would be calculated as 100/(170+100)*100. This converts to 100/270*100, and we end up with a 37.03% implied probability.
To convert negative American odds, the formula looks like this:
“-” odds / (“-” odds + 100)*100 = implied probability
For instance, -160 odds would calculate as 160/(160+100)*100, and convert. to 160/260*100. This equation solves as 61.54, giving us an implied winning probability of 61.54%.
Gaming Today offers an Implied Probability Calculator that yields instant results for any odds input.
In the world of retail arbitrage, the name of the game is to find something cheaper in store and then turn around and sell it for a profit online. For instance, you may find an older video game on clearance for $5 that can sell for $17 online. While it may sound hard to do, it’s a lot easier if you have the right retail arbitrage apps.
In today’s post, I want to talk about the many retail arbitrage scanning apps on the market that help you find these items that can help you make a profit online, mainly Amazon and sometimes eBay.
And, no, you don’t need to be an experienced seller nor do you need thousands of dollars to get started. In all honesty, you can get started with as little as a few dollars to learn how this market works. You just need to find the right items to scan. You also need to take the time to learn what sells the best. It can take time, but like anything, it can pay off as you gain knowledge over time. These apps are going to help you from purchasing items that won’t make you money.
While I won’t go in depth as to how retail arbitrage works, I’m only going to talk about the apps that can help you. In using these apps, it can help you beat your competitors and make a lot more than using the old-school, traditional methods. If you want to learn more about retail arbitrage, I will talk about this at a later date. But, for now, you can view the many YouTube videos on this very subject that can help you make a few hundred, maybe even thousands, in your spare time.
For now, let’s focus on the best retail arbitrage apps. They are as easy as downloading them and then scanning a bar code inside of a store for more in-depth information to show you if it’s profitable. Most of these are apps are straight-forward in how they work, but they can take some time to learn how to interpret the numbers.Amazon Seller App
Price: FREE
Hands down, the Amazon Seller App is the best option out of all the ones I’m about to list, especially if you plan on re-selling on Amazon. A few reasons that I like it is that it’s 100% free and it’s coming straight from Amazon.
As long as you’re a registered seller on Amazon, you can start to use the app right away. If not, you can always sign up for an account. This doesn’t take long.
After you download the app, you can start scanning products immediately, which will help you determine the product’s price, the fees you would pay if you were to sell, the profits, the product’s rank as well as how many people are selling at a given time. These metrics can help you determine if there’s money to be made in the product you found. As an important note, you need to remember that some categories are restricted, so make sure you can sell that item on Amazon before buying! The app will tell you if you ahead of time if you’re able to do so.
Aside from being able to see what you could make, you can also list your products on the spot, manage your orders as well as your returns. Your whole selling profile is available at your fingertips with this very simple selling app.
The app won’t lay it out as easy as the other apps I’m about to mention, but if you’re on a budget and don’t want to spend any money at first, it’s one to at least check out.
I would only recommend this if you plan on selling on Amazon as this is what the app is designed for after all.
*Website: Google Play, iTunes, Amazon
Profit Bandit
Price: $9.99/mo
Profit Bandit is said to be the #1 scouting app, at least according to the company’s website.
The app offers a myriad of benefits, including…
*lightning fast scanning
*if you’re competing against Amazon
*know who has the buy box
*calculates profits based on 15 factors
*offers a restricted items alert
*sales range
*crystal clear profit calculation
It does cost $9.99 per month, but it offers unlimited scanning for both the Android and iPhone. From the many reviews I did read, the monthly price was justified.
*Website:Profit BanditScanPower
Price: $24-$100/mo
ScanPower provides live pricing data for every single item found in the Amazon database. All you need to do is scan your item ones to create a listing and then add items if you were to ship it as an FBA shipment.
The pricing is a smidge higher than most I note here, starting at $24 a month, but you will get much more than just the scanning app.
According to the pricing comparison chart, you can receive reports, listing features as well as a variety of product information, depending on the plan you choose.
Keep in mind that the app doesn’t have the best ratings on the Google Play Store, but I try to include as many options as I can find to help you in your research.
*Website: ScanPowerScoutify
Price: $40/mo
Scoutify isn’t as popular as the rest I mention here, but it can get the job done if you’re willing to pay the monthly price.
It does cost $40 per month to use, but from what I have seen, it includes much more than just scanning. It can also integrate with multiple third-party apps, such as camelcamelcamel, to help you keep track of prices as well as allow you to keep a shopping list to track your scanning history. The monthly fee also allows you to access InventoryLab, which offers reporting, bookkeeping and sourcing tools, all of which could come in handy if you consider yourself to be a power seller on any platform.
If you’re hesitant about the price, they do offer a 30-day free trial to test it out.
*Website:ScoutifyScoutly
Price: $9-$35/mo or $349-$1119 one-time payment
The FBAScan app allows you to scan and check any item listed on Amazon is less than one second with a simple scan.
Unlike a lot of apps that pings Amazon’s database in real-time causing some lag, you can download Amazon’s database directly to your phone for almost instant results. The app, much like the rest, offers an automatic calculation of profits, profit based triggers customized by you, and a historical rank for the products you had in mind.
The company offers a variety of payment options, from a one-time payment to a monthly plan starting at $9.95.
*Website:ScoutlyCompare Prices On Amazon & eBay
Price: FREE but there’s a premium Ad-Free version
Most of the apps I already mentioned primarily deal with Amazon, but this isn’t the case with the “Compare Prices On Amazon & eBay” app.
This app allows you to scan any UPC, then allowing you to compare the prices on both eBay and Amazon instantly. You can also check the reviews and ratings.
While the app isn’t as in depth as the other apps mentioned, it’s a nice free option that allows you to check out the prices. Just remember that you will have to shave off the commission fees to get a final profit number.
*Website:Compare Prices On Amazon & eBayWhat’s it worth on eBay?Arbitrage Calculator Apk Free
Price: FREE but there’s a premium Ad-Free versionArbitrage Calculator App
The “What’s it worth on eBay?” app will let you know a realistic price average on eBay, making it a great choice if you want to flip your items on eBay, not Amazon.
After you search for the item in question, it will show you the average net price as well as how many items have sold in the past. The simple interface makes it easy to understand what you could get out of the item.
If you want an eBay arbitrage app, this is one of the most popular options on the Google Play Store. As I write this, it has more than 500,000 ratings with a solid 4.3/5 rating.
*Website: What’s it worth on eBay?
All of these apps can help you in one way or another if you’re interested in the retail arbitrage world. Even if it’s focused on Amazon, you can still assume these numbers can apply closely to other platforms such as eBay, Craigslist and the many other sites like Craigslist.
While most of these apps do focus on Amazon, this is where most of your money is made. Like I said prior in the introduction, I haven’t talked much about retail arbitrage, but I may do so in the future, in which I will link out to the guide here.
For now, check out these apps and see which ones may help you make money if you already know about this world. If you don’t want to invest anything at first, then the Amazon Seller app may be a great choice. If you have money to spend, however, then the many other premium options I listed could work just as well. It’s just up to you to determine which features are worth paying for.Arbitrage Calculator Apk Download
Now, I leave it up to you.Free Arbitrage Calculator
Have you used any of these apps?
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If you have anything on your mind, feel free to sound off in the comments below!Arbitrage Calculator Apk App
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