12/10 Arbitrage Alley - DraftKings, Bet MGM, and Ceasars Sportsbooks
- Rich Masana
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 = $15 and a $10 Free Bet
Today's potential risk-free profit total = $15, a $10 Free Bet, and a $50 Free Bet. If the Hawks win by two we add another $50.75 as that pushes.
1. NBA - Ceasars Sportsbook - Get a $50 Free Bet if you bet on the Hawks/Nets Spread and Win.
a. Place a $50 Bet on the Brooklyn Nets Spread +2.5 at -110 to return $95.45.
b. Head over to DraftKings and place a $50.75 Bet on the Atlanta Hawks Spread -2 at -115 to return $94.80.
c. Profit - Minus $5.20 in rake
d. Potential Profit - A $50 Free Bet minus $5.20 in rake. If the Hawks win by two we make $50.75 back as that pushes.
2. NHL - 100% Profit Boost Any NHL Bets -200 or Under - $50 Max Bet, Bet MGM - Bet $50 or more for the week and get a $10 Free Bet
a. Place the $50 max bet boost on Red Wings/Avalanche Over 6.5 now boosted to +200 returning $150.
b. Head over to Bet MGM and place a bet for $82 on Red Wings/Avalanche Under 6.5 at -120 to return $150.20.
c. Profit - $20.20
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