12/20 Arbitrage Alley - DraftKings 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 and Ceasars Sportsbooks. All listed odds are as of the time of writing/publication.

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Today's guaranteed profit total = Minus around $7 in rake.

Today's potential risk-free profit total = A Free Bet for every point scored in Bears/Vikings if we win the Over 45.5 Points minus around $7 in rake.

The Plays

1. DraftKings Sportsbook - Opt in for a Free Bet up to $50 "To be used to by Xmas Day", Ceasars Sportsbook - Bet $75 on the Vikings/Bears MNF Total and if you win your bet receive a Free Bet for every point scored in the game

a. Opt-in to the DraftKings Promotion and grab the free bet. Use the $50 Free Bet "or whatever" amount towards the Under 45.5 on Vikings/Bears at -110 to return $45.45. Then place another bet for $52 on the Under 45.5 to return $99.27 for a total of $144.72.

b. Head over to Ceasars and place a $75 bet on Over 45.5 Vikings/Bears to return $143.18. There is no question that the Bears are in far worse shape than the Vikings in terms of injuries/covid, with a number of their defensive starters questionable/out. Both teams have been better offensively as of late with the Vikings posting a very consistent 31/27/34/26/27/36 points across their last six and the Bears posting an elevated 22 and then 30 against the Packers last two with Justin Fields playing a little better. Given the Vikings' general numbers, they should be able to get us over the line here with a little help from the Bears. The Vikings are 9-1 on the game total over across their last ten road games. Other than it being cold, there should be no weather issues.

c. Profit - Minus around $7 in rake.

d. Potential Profit - A Free Bet for every point scored in Bears/Vikings if we win the Over 45.5 Points minus around $7 in rake.

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