Arbitrage Alert: Syracuse vs. Bucknell Total Points Opportunity (ROI: 15.9%)
Introduction
A recent opportunity has emerged in the world of sports betting, specifically within the NCAAB matchup between the Syracuse Orange and the Bucknell Bison scheduled for December 28, 2024, at 2:00 PM. This analysis explores a potential arbitrage betting scenario involving different odds offered by two bookmakers on the total points market.
Analysis
Two distinct bets are available for this game:
Bet 1
- Bookmaker: FanDuel
- Market: Alternate Totals
- Outcome: Over 146.5 points
- Odds: +280
- Stake: $304.88
Bet 2
- Bookmaker: BetMGM
- Market: Alternate Totals
- Outcome: Under 146.5 points
- Odds: -150
- Stake: $695.12
These bets cover all possible outcomes for the total points scored, creating a potential arbitrage betting opportunity. Let's delve into the calculations to understand the potential returns and profits.
Calculations
Bet 1: Over 146.5 Points at +280 Odds
- Decimal Odds: ((+280 / 100) + 1) = 3.80
- Potential Return: $304.88 x 3.80 = $1,158.54
- Potential Profit: $1,158.54 - $304.88 = $853.66
Bet 2: Under 146.5 Points at -150 Odds
- Decimal Odds: ((100 / 150) + 1) = 1.6667
- Potential Return: $695.12 x 1.6667 = $1,158.53
- Potential Profit: $1,158.53 - $695.12 = $463.41
Total Stakes: $304.88 + $695.12 = $1,000
Potential Outcomes
Scenario 1: Over 146.5 Points
- Winning Bet: Bet 1
- Total Return: $1,158.54
- Net Profit: $1,158.54 - $1,000 = $158.54
Scenario 2: Under 146.5 Points
- Winning Bet: Bet 2
- Total Return: $1,158.53
- Net Profit: $1,158.53 - $1,000 = $158.53
The slight difference of $0.01 in net profit between the two scenarios is due to rounding during the calculation process. In both cases, the profit is approximately $158.54.
Discussion
This situation represents a classic arbitrage betting opportunity in sports betting, where differing odds between bookmakers allow for a guaranteed profit regardless of the game's outcome. By carefully calculating the stakes and potential returns, bettors can exploit these discrepancies. However, it is essential to consider several factors:
- Odds Fluctuation: Sports betting odds can change rapidly. Both bets should be placed simultaneously to lock in the current odds.
- Stake Limitations: Bookmakers may have limits on the maximum stake allowed, which could affect the feasibility of this arbitrage.
- Terms and Conditions: Each bookmaker has specific rules that might impact the validity of the bets, such as policies against arbitrage betting.
- Market Availability: Ensure that the alternate totals market is available and that there are no restrictions on placing these bets.
Conclusion
The analysis indicates that there is a potential arbitrage betting opportunity in the upcoming NCAAB game between the Syracuse Orange and the Bucknell Bison. By placing calculated bets on both the over and under of 146.5 total points with different bookmakers, there is an opportunity for a profit of approximately $158.54 regardless of the game's outcome. This underscores the importance of vigilance and prompt action in sports betting to capitalize on such opportunities.
Disclaimer
This analysis is for informational and educational purposes only. It does not constitute financial or betting advice. Sports betting involves risk, and individuals should consult with a professional advisor before engaging in any betting activities. Always ensure compliance with local laws and regulations related to sports betting and arbitrage betting.