College Basketball Arbitrage: DePaul vs. Loyola MD (ROI: 23.9%)
Introduction
We have identified a potential arbitrage betting opportunity in the upcoming college basketball game between the DePaul Blue Demons and the Loyola (MD) Greyhounds. This analysis aims to objectively examine the details of the bets and assess the viability of this opportunity within the sports betting market.
Detailed Analysis
Event Details: The game is scheduled for December 28, 2024, at 2:01 PM, and the market in focus is the Moneyline (Head-to-Head).
Bet 1: Placed with FanDuel on the DePaul Blue Demons to win with odds of -350 (American odds) and a stake of $963.56.
Bet 2: Placed with BetMGM on the Loyola (MD) Greyhounds to win with odds of +3300 (American odds) and a stake of $36.44.
Total Stakes: The combined amount wagered on both bets is $1,000.
To thoroughly assess this opportunity, we convert the American odds to decimal odds for clarity:
DePaul Blue Demons Odds: -350 converts to a decimal odd of 1.2857.
Loyola (MD) Greyhounds Odds: +3300 converts to a decimal odd of 34.00.
Calculating the potential returns:
If DePaul wins: The return from Bet 1 would be $963.56 x 1.2857 = approximately $1,238.87.
If Loyola wins: The return from Bet 2 would be $36.44 x 34.00 = approximately $1,238.96.
Note: Both scenarios yield a similar return, which is essential for an arbitrage betting opportunity.
Discussion of Implications
This situation presents a classic arbitrage betting scenario in the sports betting arena. By wagering on both possible outcomes with different bookmakers offering varying odds, there is a potential for a positive return regardless of the game's result. The analysis shows a possible net profit of approximately $238.87 if DePaul wins and approximately $238.96 if Loyola wins.
However, several factors should be considered:
Market Consistency: It is crucial to ensure that both bets are placed on the same market and account for the same terms, including overtime rules.
Odds Verification: Unusually high odds, such as the +3300 for Loyola, may be due to a bookmaker error. It's important to verify these odds before placing a bet, as bookmakers may void bets placed on erroneous odds.
Bookmaker Policies: Different bookmakers have varying terms and conditions regarding arbitrage betting and bet limits. Reviewing these policies can help avoid any potential issues.
Stake Acceptance: Confirm that both bookmakers accept the intended stake amounts, as high payouts may trigger stake limits or require approval.
Conclusion
The analysis indicates that this arbitrage betting opportunity could result in a positive return regardless of the game's outcome. By carefully evaluating the odds and ensuring compliance with bookmaker policies, bettors can make informed decisions within the sports betting landscape. As always, due diligence is essential to navigate potential risks associated with arbitrage betting.
Disclaimer
This analysis is intended for informational and educational purposes only. It does not constitute financial advice or a recommendation to engage in sports betting or arbitrage betting. Betting involves risk, and individuals should consult with professional advisors before making any betting decisions.