Build an API Software for Online Sports betting

1) Go through the game odds of six to eight different sports betting websites and look for arbitrage opportunities. 2) To illustrate say online Sports books are labeled as S1, S2, S3 all the to S8. 3) the software will go thorugh all through the major sports and teams from S1, and compare their outcome with S2 through S8. 3) Say Basketball Team A in S1 has a displayed decimal odds of 1.8, by doing 1/1.8= it has an implied win probability of 55.55%. 4) The software will now go though S2-S8 looking for the opposite outcome. Meaning Team A loses. Applying the same formula. 1/decimal odds of the opponent this time. (implying that theopposing team wins). We will now get several implied probabilities from S2-S8. We now sum the 55.55% of S1 with each of the implied probabilities of S2 through S8. Any sum that is less than 100% is an arbitrage pair, and should notify the user. Any sum that is over 100% should just be discarded. Example: Team A wins in S1 : 55.55% A loses in S2: 58% A loses in S3: 59% A loses in S4: 53% A loses in S5 42% A loses in S6 50% A loses in S7 51% A loses in S8 49% among all these outcomes. the pair of S1 and S5 offers a sum of less than 100% and thus should be displayed on the main display of the software. The software will then say which sport is this, which sportsbook are these games on (S1 and S5) and which team to bet on on (Team A). this will also show a 55.55%+42% = 97.55% . Meaning there is a 2.45%% arbitrage opportunity (100%-97.55%). if i bet on both outcomes, it will in theory lead to a 2.45% gain. Ideally the software can do this for all the sports events in all 8 of the specified sports books. Ideally the software can also have a function that can filter to display of arbitarge pairs that are at least 3% or any customizable figure.