12/15 Arbitrage Alley - 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 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 = A $50 Free Bet from Ceasars and a $10 Free Bet from Bet MGM minus around $11 in rake.
Today's potential risk-free profit total = A $50 Free Bet from Ceasars and a $10 Free Bet from Bet MGM minus around $11 in rake.
1. NHL - Ceasars Sportsbook - Get a $50 Free Bet for placing $50 or more on the money lines in all three NHL games. Bet MGM - Get a $10 Free Bet Monday for $50 in play during the prior week.
a. Place a $50 Bets on the Ducks ML at -170 to return $79.41, Rangers ML at -220 to return $72.73, and Capitals ML at -140 to return $85.71.
b. Head over to Bet MGM and place a $34 bet on the Kraken ML at +135 to return $79.99, place a $25.50 bet on the Coyotes ML at +185 to return $72.68, and place a $39 bet on the Blackhawks ML at +120 to return $85.80.
c. Profit - A $50 Free Bet from Ceasars and a $10 Free Bet from Bet MGM minus around $11 in rake.
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