By René Hunt in NBA — 26 Dec 2024

Jazz vs Blazers: Svi Mykhailiuk 3-Pointer Betting Arbitrage

Arbitrage Betting Opportunity in Utah Jazz vs. Portland Trail Blazers Match-Up

We have identified a potential arbitrage betting opportunity in the upcoming NBA game between the Utah Jazz and the Portland Trail Blazers, scheduled for December 26, 2024, at 10:12 PM. The focus is on a player prop bet concerning Svi Mykhailiuk's Total Three-Pointers Made, with a threshold set at 2.5 three-pointers.

Detailed Analysis of the Bets

Two different bookmakers are offering opposing odds on whether Svi Mykhailiuk will score over or under 2.5 three-pointers:

Bet 1:

Bookmaker: DraftKings
Market: Under 2.5 Three-Pointers
Odds: +120
Stake: $467.90

Bet 2:

Bookmaker: BetRivers
Market: Over 2.5 Three-Pointers
Odds: -107
Stake: $532.10

The total amount wagered across both bets is $1,000.00.

Calculating Potential Outcomes

There are two possible outcomes for this player prop bet:

Scenario 1: Svi Mykhailiuk Scores Under 2.5 Three-Pointers

Bet 1 wins, Bet 2 loses.
Payout from Bet 1:
With odds of +120, a $467.90 stake returns a profit of $561.48 ($467.90 x 1.20). The total return is $1,029.38 (stake + profit).
Net Profit: Total return ($1,029.38) minus total stakes ($1,000.00) equals a net profit of $29.38.

Scenario 2: Svi Mykhailiuk Scores Over 2.5 Three-Pointers

Bet 2 wins, Bet 1 loses.
Payout from Bet 2:
With odds of -107, a $532.10 stake returns a profit of $497.29 ($532.10 x 0.935). The total return is $1,029.38 (stake + profit).
Net Profit: Total return ($1,029.38) minus total stakes ($1,000.00) equals a net profit of $29.38.

Discussion of Implications

This situation presents a classic example of an arbitrage betting opportunity in the sports betting market. By placing opposing bets with different bookmakers offering favorable odds, a bettor can secure a guaranteed profit regardless of the outcome. In this case, the net profit is $29.38 in both scenarios.

It is essential to consider the following factors:

Odds Verification: Odds can fluctuate rapidly. Ensure the odds quoted are still available at the time of placing the bets.
Bookmaker Policies: Review each bookmaker's terms and conditions to understand their stance on arbitrage betting.
Player Participation: Confirm that Svi Mykhailiuk is expected to play in the game, as player absences can void bets.
Stake Limits: Check for any maximum or minimum stake limits that might affect the ability to place the required bets.

Conclusion

This analysis indicates a potential arbitrage opportunity that could yield a net profit of $29.38, irrespective of the game's outcome. By strategically placing bets on both the over and under markets for Svi Mykhailiuk's three-pointers across two bookmakers with differing odds, bettors can leverage discrepancies in the sports betting market.

Disclaimer

This information is presented for educational purposes only and does not constitute financial or betting advice. Betting involves risks, and it is important to gamble responsibly. Always verify the accuracy of odds and consult with a professional advisor if necessary.