Blake Cashman Assist Betting Arbitrage (ROI: 3.3%)
(ROI: 3.3%) Arbitrage opportunity in sports betting: two opposing bets on Blake Cashman assists, one under 3.5 at -110 odds with $540.98 stake, another over 3.5 at +125 odds with $459.02 stake. Total stake $1,000 with potential profit around $32.78-$32.80.
Introduction
An arbitrage opportunity has been identified in the sports betting market involving player assists for Blake Cashman in the upcoming game between the Detroit Lions and the Minnesota Vikings on January 6, 2025. Two opposing bets have been placed across different sportsbooks, potentially allowing for a risk-free profit through arbitrage betting.
Analysis
The first bet is placed with DraftKings on Blake Cashman achieving under 3.5 assists at odds of -110, with a stake of $540.98. The second bet is with BetMGM on Cashman achieving over 3.5 assists at odds of +125, with a stake of $459.02. The total amount wagered across both bets is $1,000.
Bet 1: Under 3.5 Assists at -110 Odds
At -110 odds, for every $110 wagered, a profit of $100 is realized. Calculating the potential profit: Profit = (Stake × (100 / 110)) = $540.98 × (100 / 110) = $491.80. The total return if this bet wins is the stake plus profit: Total Return = $540.98 + $491.80 = $1,032.78.
Bet 2: Over 3.5 Assists at +125 Odds
At +125 odds, for every $100 wagered, a profit of $125 is realized. Calculating the potential profit: Profit = (Stake × (125 / 100)) = $459.02 × (125 / 100) = $573.78. The total return if this bet wins is: Total Return = $459.02 + $573.78 = $1,032.80.
Discussion
The two possible outcomes are:
Scenario 1: Under 3.5 Assists
If Blake Cashman records fewer than 3.5 assists, Bet 1 wins, and Bet 2 loses. The total return is $1,032.78, resulting in a profit of $1,032.78 - $1,000 = $32.78.
Scenario 2: Over 3.5 Assists
If he records more than 3.5 assists, Bet 2 wins, and Bet 1 loses. The total return is $1,032.80, resulting in a profit of $1,032.80 - $1,000 = $32.80.
In both scenarios, the returns exceed the total stake, indicating a potential profit irrespective of the game's outcome. This is a characteristic feature of arbitrage betting in sports betting markets.
Conclusion
The analysis indicates that placing these two bets may result in a profit of approximately $32.78 to $32.80, regardless of whether Blake Cashman records over or under 3.5 assists. This potential arises from differing odds offered by separate sportsbooks on the same event. It is essential to consider factors such as player participation, as the bets may be voided if the player does not participate, and to verify the specific rules of each sportsbook regarding player prop bets.
Disclaimer
This analysis is intended for informational and educational purposes only. It does not constitute financial or betting advice. Sports betting carries inherent risks, and individuals should make informed decisions based on their own research and within the regulations of their jurisdiction.