12/20 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.
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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.
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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