Arbitrage Alert: Huskies vs. Cardinals 2024 Bowls (ROI: 56.0%)

Introduction

This live update provides an analysis of a potential arbitrage betting opportunity in the sports betting market for an upcoming NCAAF game between the Washington Huskies and the Louisville Cardinals scheduled on December 31, 2024, at 9:10 PM.

Analysis

The betting markets have presented differing odds for this match between two bookmakers, FanDuel and BetMGM, which may allow for an arbitrage betting opportunity.

Bet Details:

• Bet 1: Louisville Cardinals to win at FanDuel with American odds of +114 and a stake of $728.77.
• Bet 2: Washington Huskies to win at BetMGM with American odds of +475 and a stake of $271.23.

First, converting the American odds to decimal odds for easier calculation:

Louisville Cardinals (+114): Decimal odds = (114/100) + 1 = 2.14

Washington Huskies (+475): Decimal odds = (475/100) + 1 = 5.75

The total amount staked is $1,000 ($728.77 + $271.23).

Potential Returns:

• If the Louisville Cardinals win: $728.77 × 2.14 = $1,559.57
• If the Washington Huskies win: $271.23 × 5.75 = $1,559.57

In both scenarios, the potential return is the same, amounting to $1,559.57.

Discussion

This situation indicates a possible arbitrage betting opportunity, where bettors can secure a profit regardless of the outcome of the event. By placing bets on both outcomes with carefully calculated stakes, the total potential return exceeds the total amount staked. The consistency in potential returns ensures that the outcome of the match does not affect the profitability of the bets.

However, several factors need to be considered:

• Market Stability: Betting odds fluctuate, and any delay in placing bets may result in changes to the odds, affecting the arbitrage opportunity.
• Bet Acceptance: Bookmakers may limit stakes or reject bets that are perceived as exploiting arbitrage opportunities.
• Bet Settlement Rules: Differences in how bookmakers handle cancellations, postponements, or specific rules may impact the bets.
• Legal Considerations: Ensure that participating in such betting activities complies with local laws and regulations.

Conclusion

The analysis suggests that there is an opportunity for arbitrage betting on the NCAAF match between the Washington Huskies and the Louisville Cardinals. By placing the specified bets with FanDuel and BetMGM, a bettor could potentially secure a profit of $559.57 on a total stake of $1,000, irrespective of the match outcome. It is essential to consider the associated risks and ensure compliance with all applicable terms and conditions.

Disclaimer

This analysis is for informational and educational purposes only and does not constitute financial or betting advice. Sports betting involves risks, and individuals should exercise caution and consult professional advice where appropriate. Always gamble responsibly and within your means.