Arbitrage Alert: Navy vs. Oklahoma Betting Spread
Introduction
An intriguing opportunity has emerged in the sports betting market involving the upcoming college football game between the Navy Midshipmen and the Oklahoma Sooners. This potential arbitrage betting situation centers on alternate point spreads offered by two different bookmakers.
Analysis
The event is scheduled for December 27, 2024, at 12:05 PM. The focus is on alternate spread betting in NCAAF, with the following details:
Bet 1:
- Bookmaker: FanDuel
- Selection: Navy Midshipmen +11.5 points
- Odds: +150 (Decimal Odds: 2.50)
- Stake: $418.60
Bet 2:
- Bookmaker: BetMGM
- Selection: Oklahoma Sooners -11.5 points
- Odds: -125 (Decimal Odds: 1.80)
- Stake: $581.40
These bets cover opposite outcomes on the adjusted point spread, potentially creating an arbitrage opportunity in sports betting.
Discussion
Analyzing the possible outcomes:
Scenario 1: Navy wins outright or loses by 11 points or fewer.
- Bet 1 Wins: Potential payout of $1,046.50.
- Bet 2 Loses: Loss of $581.40.
- Net Result: Approximate profit of $46.50.
Scenario 2: Oklahoma wins by 12 points or more.
- Bet 2 Wins: Potential payout of $1,046.52.
- Bet 1 Loses: Loss of $418.60.
- Net Result: Approximate profit of $46.52.
The spread of 11.5 points eliminates the possibility of a tie or push, as half-points are not possible in football scoring. This structure suggests that one bet would win while the other would lose, potentially resulting in a net profit in arbitrage betting.
Conclusion
This analysis indicates that there may be an opportunity to secure a profit regardless of the game's outcome due to discrepancies in odds and spreads offered by different bookmakers. Such situations highlight how arbitrage betting can potentially be leveraged within the sports betting market.
Disclaimer
This information is provided for educational purposes only and should not be considered as betting advice. Betting carries risk, and it's important to conduct thorough research and consider the terms and conditions of each bookmaker before engaging in any betting activities.