Arbitrage Opportunity in Georgia Tech vs. Alabama A&M Match (ROI: 13.9%)
Introduction
A new potential arbitrage betting opportunity has emerged in the sports betting market for the upcoming NCAAB game between the Georgia Tech Yellow Jackets and the Alabama A&M Bulldogs. This memo provides a detailed analysis of the bets identified, aimed at helping bettors understand the possible advantages and considerations inherent in this arbitrage scenario.
Analysis
Details of the betting opportunity are as follows:
Event Information:
- Date & Time: December 28, 2024, at 2:02 PM
- Teams: Georgia Tech Yellow Jackets vs. Alabama A&M Bulldogs
- League: NCAAB (College Basketball)
Betting Details:
Bet 1
- Bookmaker: FanDuel
- Market: Moneyline (Head-to-Head)
- Selection: Georgia Tech Yellow Jackets
- Odds: -560
- Stake: $966.50
Bet 2
- Bookmaker: BetMGM
- Market: Moneyline (Head-to-Head)
- Selection: Alabama A&M Bulldogs
- Odds: +3300
- Stake: $33.50
Conversion of Odds:
- Georgia Tech Odds (-560): Decimal Odds = 1 + (100 / 560) ≈ 1.1786
- Alabama A&M Odds (+3300): Decimal Odds = 1 + (3300 / 100) = 34.00
Potential Returns:
- If Georgia Tech Wins:
- Payout = $966.50 * 1.1786 ≈ $1,139.09
- If Alabama A&M Wins:
- Payout = $33.50 * 34.00 = $1,139.00
Total Stake: $966.50 + $33.50 = $1,000.00
Expected Profit:
- Regardless of the outcome, the total payout is approximately $1,139.00.
- Net Profit = Total Payout - Total Stake = $1,139.00 - $1,000.00 = $139.00
Discussion
This situation appears to present a classic arbitrage betting opportunity in the sports betting arena, specifically within NCAAB games. By placing simultaneous bets on all possible outcomes with differing odds from two bookmakers, bettors can potentially secure a profit irrespective of the game's result.
Considerations:
1. Odds Verification: Significant discrepancies in odds, such as Alabama A&M being offered at +3300, may indicate outdated or erroneous odds. Bettors should verify that these odds are current and valid at the time of placing bets.
2. Market Consistency: Ensure that both bets are placed on the same market type and that both bookmakers apply the same rules regarding overtime and cancellations.
3. Stake Acceptance: High payouts may trigger stake limitations from bookmakers. It's important to confirm that the desired stakes are accepted without adjustments.
4. Bookmaker Policies: Some bookmakers may have terms and conditions that limit or prohibit arbitrage betting practices. Familiarize yourself with these policies to mitigate the risk of account restrictions.
5. Event Confirmation: Given that the event is scheduled over a year in the future, there's an inherent risk of schedule changes or cancellations. Verify the fixture's confirmation from official league sources.
Conclusion
The identified bets present a potential arbitrage opportunity in sports betting, offering a calculated profit of approximately $139.00. While the mathematical analysis indicates a favorable outcome, it is crucial to consider external factors such as bookmaker limitations, odds validity, and event certainty. Careful verification and due diligence are recommended to ensure that the arbitrage opportunity is both genuine and executable.
Disclaimer
This analysis is intended for informational and educational purposes only. It does not constitute financial or betting advice. Bettors should conduct their own research and exercise caution when engaging in sports betting activities.