This is a sports betting arbitrage, an opportunity to guarantee yourself a profit no matter the result (e.g + to your bankroll!)
In this scenario, no matter who wins the game, the bettor has outlaid $95.55, but will receive back $100 regardless of the outcome. In this scenario, the bettor could place $55.55 on the Houston Rockets with Sportsbook B, to receive a payout of $100 if Houston wins and the bettor can place $40.00 on the Cleveland Cavaliers with Sportsbook A, to also receive a payout of $100 if Cleveland wins. You can see here that there is a discrepancy in the odds, or a disagreement between the sportsbooks over the winning chances of each team. 'Sportsbook A' may open up their market at:Īnd 'Sportsbook B' may open up their market at: Arbitrage opportunities can pop up in betting markets for a variety of reasons, most commonly being a disagreement in Sportsbook opinions on a certain event.įor example, say an NBA game was being played between the Houston Rockets and the Cleveland Cavaliers.
