NCAAB Arbitrage Opportunity: Maryland vs Maryland-Eastern Shore
Introduction
We have identified a fresh arbitrage betting opportunity in the upcoming NCAAB game between the Maryland Terrapins and the Maryland-Eastern Shore Hawks, scheduled for December 28, 2024, at 12:00 PM. This analysis explores the potential for a risk-free profit through strategic sports betting on the team's total points.
Analysis
The arbitrage opportunity arises due to differing odds offered by two bookmakers on the same market—alternate team totals for the Maryland Terrapins.
Bet 1
- Bookmaker: FanDuel
- Market: Alternate Team Totals
- Outcome: Over 89.5 points
- Odds: -190 (Decimal odds: 1.5263)
- Stake: $716.10
Bet 2
- Bookmaker: DraftKings
- Market: Alternate Team Totals
- Outcome: Under 89.5 points
- Odds: +285 (Decimal odds: 3.85)
- Stake: $283.90
The total stake across both bets is $1,000. By placing opposing bets on the same market with different odds, an opportunity for arbitrage betting emerges, potentially ensuring a profit regardless of the game's outcome.
Discussion
To assess the viability of this sports betting strategy, we examine the potential outcomes:
Scenario 1: Maryland Terrapins score over 89.5 points
Bet 1 wins:
- Potential Return: $716.10 x 1.5263 ≈ $1,093
- Profit: $1,093 - $716.10 = $376.90
Bet 2 loses, resulting in a loss of $283.90.
Net Profit: $376.90 - $283.90 = $93
Scenario 2: Maryland Terrapins score under 89.5 points
Bet 2 wins:
- Potential Return: $283.90 x 3.85 ≈ $1,093
- Profit: $1,093 - $283.90 = $809.10
Bet 1 loses, resulting in a loss of $716.10.
Net Profit: $809.10 - $716.10 = $93
In both scenarios, the net profit is $93 on a total investment of $1,000, yielding a 9.3% return.
Implications
This arbitrage betting opportunity leverages discrepancies in sports betting odds between bookmakers, allowing for a potential risk-free profit. However, several factors should be considered:
- Market Consistency: Verify that both bets are placed on identical markets, including any terms regarding overtime or other conditions.
- Odds Confirmation: Ensure that the odds are confirmed and the bets are accepted before proceeding, as odds can fluctuate rapidly.
- Stake Limitations: Be aware of any betting limits or restrictions imposed by the bookmakers that may affect the stakes.
- Event Validity: Since the event is over a year away, monitor for any changes such as postponements or cancellations that could impact the bets.
- Financial Considerations: Consider the implications of having funds tied up for an extended period and assess whether this aligns with your betting strategy.
Conclusion
The analysis suggests that this is a viable arbitrage betting opportunity within the sports betting market. By strategically placing the specified bets, a net profit of $93 could be realized regardless of the game's outcome. It is essential to conduct due diligence, confirm all bet details, and stay informed about any potential changes to ensure the success of this arbitrage betting strategy.
Disclaimer
This analysis is intended for educational purposes only and does not constitute financial or betting advice. Betting involves risks, and individuals should make decisions based on their own assessments. No guarantees are made regarding the outcome of any bets or strategies discussed.