12/17 Arbitrage Alley - DraftKings 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 and Ceasars Sportsbooks. All listed odds are as of the time of writing/publication.
Beat The Bookie | Sharp BetsSign up for the Sharp app today and get a FREE MONTH with this link above ^^^!
Today's guaranteed profit total = Minus $4.55 in rake or no rake if there is a push.
Today's potential risk-free profit total = $50 Free Bet from Ceasars minus $4.55 in rake or no rake if there is a push.
1. NCAAF - Ceasars Sportsbook - Place a $50 Bet on the Spread of the Northern Illinois and Coastal Carolina and if you win get a $50 Free Bet.
a. Place a $50 Bet on the Coastal Carolina -12 spread at -110 to return $95.45. Sharp has a pre-existing pick on this as Coach Drumheller had called this one early at a premium price of -9. However, we don't have that luxury here, so the -12 it is.
b. Head over to DraftKings and place a $50 Bet on the North Illinois +12 spread at -110 to return $95.45.
c. Profit - Minus $4.55 in rake or no rake if there is a push.
d. Potential Profit - $50 Free Bet from Ceasars minus $4.55 in rake or no rake if there is a push.
** Be on the lookout for future editions of Arbitrage Alley as the Sharp App pays for itself**