Profit Guaranteed: NCAAB Arbitrage Opportunity! (ROI: 11.0%)
Introduction
In the ever-evolving landscape of sports betting, bettors often seek opportunities to leverage arbitrage betting strategies to potentially secure profits regardless of an event's outcome. A recent opportunity has arisen involving the upcoming NCAAB game between the Gonzaga Bulldogs and the UCLA Bruins on December 28, 2024. This memo provides an objective analysis of the proposed bets on the Gonzaga Bulldogs' team total points to assess the viability of this potential arbitrage situation.
Analysis
The proposed strategy involves placing two opposing bets on the Gonzaga Bulldogs' team total points:
Bet 1:
• Bookmaker: FanDuel
• Market: Alternate Team Totals
• Outcome: Over 78.5 points
• Odds: +250 (Decimal Odds: 3.50)
• Stake: $317.07
Bet 2:
• Bookmaker: DraftKings
• Market: Alternate Team Totals
• Outcome: Under 78.5 points
• Odds: -160 (Decimal Odds: 1.625)
• Stake: $682.93
Total Stakes Invested: $1,000 ($317.07 + $682.93)
These bets encompass all possible outcomes related to the team's total points since the half-point eliminates the possibility of a tie.
Discussion
Scenario 1: Gonzaga Scores 79 or More Points
• Bet 1 Wins:
Return = $317.07 × 3.50 = $1,109.745
Profit = $1,109.745 - $317.07 = $792.675
• Bet 2 Loses:
Loss = $682.93
Net Profit:
$792.675 (Bet 1 Profit) - $682.93 (Bet 2 Loss) = $109.745
Scenario 2: Gonzaga Scores 78 or Fewer Points
• Bet 2 Wins:
Return = $682.93 × 1.625 = $1,110.26125
Profit = $1,110.26125 - $682.93 = $427.33125
• Bet 1 Loses:
Loss = $317.07
Net Profit:
$427.33125 (Bet 2 Profit) - $317.07 (Bet 1 Loss) = $110.26125
In both scenarios, the bettor stands to gain approximately $110, indicating that the bets are structured to potentially yield a profit regardless of the outcome.
Conclusion
The calculated returns from both bets suggest the presence of a potential arbitrage betting opportunity in this sports betting scenario. By covering both possible outcomes related to the Gonzaga Bulldogs' total points, the bettor may secure a profit irrespective of whether the team scores over or under 78.5 points. This analysis underscores the importance of careful calculation and understanding of odds and stakes in arbitrage betting strategies.
Disclaimer
This memo is intended solely for educational purposes to illustrate an analysis of a sports betting scenario. It does not constitute betting advice or an endorsement of any betting activities. Betting carries inherent risks, and individuals should exercise due diligence and consult with professional advisors before engaging in any betting activities.