12/8 Arbitrage Alley - DraftKings, Bet MGM, and Ceasars Sportsbooks

Welcome to Arbitrage Alley. The purpose of this article is to help save you time and scour through sportsbooks to find ways to lock in profits, risk-free. As we know, there is no such thing as a "lock" in sports, but if we can exploit promotions and odds differences, we can find ways and develop methods to hedge and guarantee ourselves a positive outcome.

Today's action includes picks from DraftKings, Bet MGM, and Ceasars Sportsbooks. All listed odds are as of the time of writing/publication.

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Today's guaranteed profit total = $25 "Colorado", $25 Free Bet on Ceasars for Thursday Night Football minus $6.50 in rake and a $10 Free Bet on Bet MGM.

Today's potential risk-free profit total = $25 "Colorado", $25 Free Bet on Ceasars for Thursday Night Football minus $6.50 in rake and a $10 Free Bet on Bet MGM.

The Plays

1. Champion's League to NFL - Ceasars Sportsbook - Bet $50 on Champion's League -200 Odds or Under and get a $25 Free Bet for Thursday Night Football.

a. Place a Bet for $50 on either Over or Under 3.5 Goals in Bayern Munich/Barcelona to return $93.48

b. Head over to Bet MGM and place a Bet for $50 on either Over or Under 3.5 Goals in Bayern Munich/Barcelona to return $93.48.

c. Profit - $25 free bet minus $6.50 in rake.

2. NHL - DraftKings Sportsbook - 100% NHL Boost - Colorado Avalanche/New York Rangers - $50 Max Bet "There may be an equivalent boost in other states for local NHL games and thus, in that case, apply the same method". Bet MGM - Bet $50 Weekly, get a $10 Free Bet on Monday.

a. Opt in to the promotion and then place the $50 max bet on the Rangers money line at +150 to return $200.

b. Head over to Bet MGM and place a bet for $124.50 on the Avalanche money line to return $200.

c. Profit - $25.50

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