Exploit NHL Odds Discrepancy for Profit (ROI: 153.8%)
(ROI: 153.8%) Arbitrage opportunity in NHL game: Bet 1 on Chicago Blackhawks +3.5 at +1000; Bet 2 on St. Louis Blues -3.5 at +230. Total stake $1,000; net gain ~$1,538.46.
Introduction
An arbitrage opportunity has been identified in the sports betting market for the upcoming NHL game between the Chicago Blackhawks and the St. Louis Blues on January 1, 2025. The opportunity arises from differing odds offered by two bookmakers on specific spreads for this game.
Analysis
The following bets are under consideration:
Bet 1:
- Bookmaker: FanDuel
- Market: Spread
- Outcome: Chicago Blackhawks +3.5
- Odds: +1000
- Stake: $230.77
Bet 2:
- Bookmaker: BetMGM
- Market: Alternate Spread
- Outcome: St. Louis Blues -3.5
- Odds: +230
- Stake: $769.23
The total amount staked across both bets is $1,000. The potential returns for each scenario are calculated based on the provided odds and stakes.
Discussion
The two bets cover all possible outcomes of the game with respect to the specified spreads:
- St. Louis Blues win by 4 or more goals: Bet 2 wins, returning a total of $2,538.46 ($769.23 stake + $1,769.23 profit). Bet 1 loses.
- Chicago Blackhawks win, tie, or lose by 3 or fewer goals: Bet 1 wins, returning a total of $2,538.47 ($230.77 stake + $2,307.70 profit). Bet 2 loses.
In both scenarios, the total return is approximately $2,538.46. Subtracting the initial total stake of $1,000 results in a net gain of approximately $1,538.46.
This situation arises due to the significant discrepancy in odds between the two bookmakers for the opposite outcomes on the spread. Such discrepancies can create opportunities in the sports betting market where a bettor can potentially secure a profit regardless of the game's outcome.
Conclusion
The analysis indicates that, based on the provided odds and stakes, there is a potential for a net gain in this arbitrage betting scenario. Both bets together cover all relevant outcomes related to the specific spreads, and the calculated returns suggest a consistent total payout.
It is important to note that several factors could affect this analysis, including changes in odds, bookmaker policies, or potential errors in the posted odds. Thorough verification of all details is essential before making any decisions.
Disclaimer
This analysis is for informational and educational purposes only. It does not constitute financial advice or an endorsement of any betting activity. Sports betting involves risks, and individuals should make decisions based on their own assessments and in compliance with applicable laws and regulations.