Arbitrage Alert: Georgia Tech vs. Alabama A&M (ROI: 49.0%)
Introduction
A recent sports betting opportunity has emerged involving the upcoming NCAA basketball game between the Georgia Tech Yellow Jackets and the Alabama A&M Bulldogs, scheduled for December 28, 2024. The data suggests a potential arbitrage betting scenario on the total points market, which may interest those following sports betting strategies.
Analysis
The bet involves placing opposing wagers on the same game total at two different bookmakers:
Bet 1:
- Bookmaker: FanDuel
- Market: Alternate Totals
- Outcome: Under 140.5 points
- Odds: +280 (American odds)
- Stake: $392.00
Bet 2:
- Bookmaker: BetMGM
- Market: Alternate Totals
- Outcome: Over 140.5 points
- Odds: +145 (American odds)
- Stake: $608.00
Total stakes amount to $1,000 ($392 + $608). Since the total points cannot be precisely 140.5, one of the bets will win, and the other will lose.
Discussion
Calculating the potential returns for each bet:
If Bet 1 Wins (Under 140.5 points):
- Potential Return: $392 x 3.80 = $1,489.60 (odds of +280 convert to 3.80 in decimal odds)
- Net Profit: $1,489.60 - $1,000 (total stakes) = $489.60
If Bet 2 Wins (Over 140.5 points):
- Potential Return: $608 x 2.45 = $1,489.60 (odds of +145 convert to 2.45 in decimal odds)
- Net Profit: $1,489.60 - $1,000 = $489.60
In either outcome, the bettor stands to net a profit of $489.60 on a $1,000 total stake, which represents a 48.96% return on investment. This indicates a potential arbitrage betting opportunity.
Conclusion
The analysis of the provided data suggests a possible arbitrage situation in the sports betting market for the Georgia Tech vs. Alabama A&M basketball game. By placing calculated bets on opposing outcomes with different bookmakers, there appears to be a profit regardless of the game's result. However, it's important to verify all information, including odds and bookmaker policies, before proceeding. Factors such as odds fluctuations, betting limits, and terms of service may impact the viability of the arbitrage opportunity.
Disclaimer
This analysis is intended for informational and educational purposes only. It does not constitute financial advice or a recommendation to engage in sports betting. Betting involves risk, and individuals should consider their circumstances and consult with a professional before making any decisions.