5/15 Arbitrage Alley - DraftKings and Bet MGM Sportsbooks

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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 Bet MGM Sportsbooks. All listed odds are as of the time of writing/publication.

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Today's guaranteed profit total = $23.90 and a $10 Free Bet from Bet MGM

Today's potential risk-free profit total = $24.55 and a $10 Free Bet from Bet MGM

The Plays

1. NBA - DraftKings - Opt-in and receive a 77% Profit Boost on either NBA Game Seven today - $100 Max Bet. Bet MGM - Bet $50 Weekly, get a $10 Free Bet Monday

a. Opt-in to the promo on DraftKings. I went with Bucks/Celtics O 205 for -110 with the boost it goes to +160 so $260.90 on the max $100 wager.

b. On Bet MGM, place a bet for $137 on Bucks/Celtics U 205.5 at -110 to return $261.55.

c. Guaranteed Profit - $23.90 and a $10 Free Bet from Bet MGM

d. Potential Profit - $24.55 and a $10 Free Bet from Bet MGM

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