12/31 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 $25 Free Bet from Ceasars and a $25 Free Bet from Bet MGM for the National Championship game minus $9.10 in rake.

Today's potential risk-free profit total = A $25 Free Bet from Ceasars and a $25 Free Bet from Bet MGM for the National Championship game minus $6.93 in rake.

The Plays

1. NCAAF - Ceasars Sportsbook - Bet $50 on the Georgia/Michigan spread and receive a $25 Free Bet. Bet MGM - Opt into the promotion and then Bet $50 on both NCAAF Semifinal games and get a $25 Free Bet for the National Championship Game.

a. Bet Michigan +7.5 on Ceasars at -110 to return $95.45. Then head over to Bet MGM, be sure to opt in to the promotion first and then bet $50 on Georgia -7.5 at -105 to return $97.62.

b. While still on Bet MGM bet $50 on either side of the Cincinatti/Alabama spread +13.5/-13.5 at -110 to return $95.45 then bet $50 on the other side of the spread on Ceasars at -110 to return $95.45.

c. Profit - A $25 Free Bet from Ceasars and a $25 Free Bet from Bet MGM for the National Championship game minus $9.10 in rake.

d. Potential Profit - A $25 Free Bet from Ceasars and a $25 Free Bet from Bet MGM for the National Championship game minus $6.93 in rake.

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