NCAA Football Betting Arbitrage on Totals 60.5
Introduction
A potential arbitrage opportunity has been identified in the sports betting market for the upcoming NCAA Football game between the North Carolina Tar Heels and the UConn Huskies, scheduled for December 28, 2024, at 11:06 AM. This opportunity involves placing bets on the alternate totals market, specifically focusing on the total points scored being over or under 60.5 points.
Analysis
The proposed bets are as follows:
Bet 1:
- Bookmaker: FanDuel
- Market: Alternate Totals
- Outcome: Over 60.5 points
- Odds: +112
- Stake: $491.61
Bet 2:
- Bookmaker: BetMGM
- Market: Alternate Totals
- Outcome: Under 60.5 points
- Odds: +105
- Stake: $508.39
These bets cover both possible outcomes for the total points scored, utilizing half-point lines to eliminate the possibility of a tie or push. By strategically allocating stakes based on the odds, the goal is to secure a positive return regardless of the game's final score.
Discussion
Scenario 1: Total Points Over 60.5
- Bet 1 Wins:
- Winnings: $491.61 stake × (112/100) = $550.60
- Total Return: $491.61 (stake) + $550.60 (winnings) = $1,042.21
- Bet 2 Loses: Loss of $508.39 stake
- Net Profit: $1,042.21 (return) - $1,000 (total stakes) = $42.21
Scenario 2: Total Points Under 60.5
- Bet 2 Wins:
- Winnings: $508.39 stake × (105/100) = $533.81
- Total Return: $508.39 (stake) + $533.81 (winnings) = $1,042.20
- Bet 1 Loses: Loss of $491.61 stake
- Net Profit: $1,042.20 (return) - $1,000 (total stakes) = $42.20
The calculations demonstrate that, in either scenario, there is a potential net profit of approximately $42.20. This represents a return on investment (ROI) of about 4.22%, calculated by dividing the net profit by the total stakes ($42.20 ÷ $1,000).
Conclusion
By placing these bets, the analysis suggests a possibility of securing a profit regardless of the game's outcome. The use of differing odds and stakes aims to create a balanced position in the sports betting market. It is crucial to verify current odds, confirm stake acceptance with both bookmakers, and review all terms and conditions related to the bets.
Disclaimer
This information is provided for educational purposes only and should not be construed as advice or a recommendation to engage in sports betting or arbitrage betting. Betting involves risks, and individuals should exercise caution and consult with a professional advisor before undertaking any betting activities. Always ensure compliance with all applicable laws and regulations in your jurisdiction.