NBA Hawks vs Heat Arbitrage Alert December 2024 (ROI: 11.9%)
Introduction
A fresh arbitrage betting opportunity has been identified in the upcoming NBA matchup between the Atlanta Hawks and the Miami Heat, scheduled for December 28, 2024, at 3:10 PM. This analysis explores the potential for a secure profit through strategic betting on the total points scored in the game, utilizing differing odds offered by two bookmakers in the sports betting market.
Analysis
Two opposing bets have been placed on the game's total points:
Bet 1:
- Bookmaker: FanDuel
- Market: Alternate Totals
- Outcome: Over 230.5 points
- Odds: +162 (Decimal Odds: 2.62)
- Stake: $426.99
Bet 2:
- Bookmaker: BetMGM
- Market: Totals
- Outcome: Under 230.5 points
- Odds: -105 (Decimal Odds: 1.95238)
- Stake: $573.01
The total amount staked is $1,000. The potential outcomes are calculated as follows:
If Total Points Over 230.5:
- Bet 1 wins: $426.99 × 2.62 = $1,119.87
- Bet 2 loses: -$573.01
- Net Profit: $1,119.87 - $573.01 - $426.99 = $119.87
If Total Points Under 230.5:
- Bet 2 wins: $573.01 × 1.95238 = $1,118.52
- Bet 1 loses: -$426.99
- Net Profit: $1,118.52 - $426.99 - $573.01 = $118.52
The differences in net profit are due to the varying odds and stakes between the two bookmakers.
Discussion
This arbitrage betting scenario utilizes the half-point spread (230.5 points), which eliminates the possibility of a tie or 'push' in the outcome. By betting on both the over and under at different bookmakers offering favorable odds, there is potential to secure a profit regardless of the game's total points.
Key factors to consider include:
- Overtime Inclusion: NBA total points bets typically include overtime. It's important to verify that both FanDuel and BetMGM count overtime points towards the total.
- Bet Settlement Rules: Ensure both bookmakers have consistent rules regarding bet settlement to prevent discrepancies.
- Potential Risks: Be aware of possible bet cancellations or stake limitations that could impact the arbitrage.
Conclusion
The analysis suggests a possible arbitrage opportunity in the sports betting market for the NBA game between the Atlanta Hawks and the Miami Heat. By placing the specified bets, there is a potential net profit of approximately $118.52 to $119.87, capitalizing on the differing odds provided by FanDuel and BetMGM. It's essential to verify all terms and conditions and remain informed of any changes leading up to the event.
Disclaimer
This analysis is for educational purposes only and is not intended as betting advice. Sports betting and arbitrage betting involve risks, and individuals should exercise caution and conduct their own research before engaging in any betting activities.