3/22 Arbitrage Alley - Bet Rivers and Bet MGM 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 Bet Rivers and Bet MGM Sportsbooks. All listed odds are as of the time of writing/publication.
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Today's guaranteed profit total = A $10 Free Bet from Bet Rivers, and $50 in Free Bets from Bet MGM minus $5.75 in rake.
Today's potential risk-free profit total = A $10 Free Bet from Bet Rivers, and $50 in Free Bets from Bet MGM minus $5.75 in rake.
1. NBA - Bet Rivers and Bet MGM - Bet Rivers Sportsbook - Bet $25 on Knicks/Hawks and get a $10 Free Bet for Clippers/Nuggets, Bet MGM Sportsbook - Bet $50 on NBA get a $10 Free Bet for March Madness "but really usable for anything", Bet $50 on NBA get a $20 Free Bet, Bet $50 Weekly, get a $10 Free Bet Monday.
a. On Bet Rivers do what is described above and bet the $25 on Knicks/Hawks and then apply the $10 free bet that pops to Nuggets/Clippers.
b. Hedge the other side of the two bets for just under around $30 total and then hedge two sides of any -110 NBA moneyline and just make sure the cumulative total is over $50.
c. Profit - $50 worth of free bets minus $4.50 in rake.
2. NHL - Bet MGM - Bet $25 on NHL and get a $10 Free Bet
a. I would use the six total in the Rangers/Devils game as closest to even money but bet around $12.50 apiece per side "with the possibility of a push and no rake paid" just make sure that the cumulative bets total or exceed $25.
b. Profit - A $10 Free Bet minus $1.25 in rake.
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