Syracuse vs Bucknell Bet Arbitrage Alert
Arbitrage Opportunity in Syracuse Orange vs. Bucknell Bison Game
A recent analysis has identified a potential arbitrage opportunity in the upcoming NCAAB basketball game between the Syracuse Orange and the Bucknell Bison, scheduled for December 28, 2024, at 2:00 PM. This opportunity involves placing opposing bets on the total points market across two different bookmakers, potentially resulting in a profit regardless of the game's outcome.
Detailed Analysis of the Bets
The arbitrage scenario is constructed using two bets placed with FanDuel and BetRivers:
Bet 1:
- Bookmaker: FanDuel
- Market: Totals
- Bet Type: Under 148.5 points
- Odds: -115 (American odds)
- Stake: $546.17
Bet 2:
- Bookmaker: BetRivers
- Market: Alternate Totals
- Bet Type: Over 148.5 points
- Odds: +125 (American odds)
- Stake: $453.83
The combined stake for both bets totals $1,000.
Understanding the Bets
These bets cover all possible outcomes for the total points scored in the game:
- Under 148.5 points: If the total points are less than 148.5, Bet 1 wins.
- Over 148.5 points: If the total points exceed 148.5, Bet 2 wins.
This approach ensures that one of the bets will win, as there is no possibility of the game ending with exactly 148.5 points.
Converting Odds to Decimal Format
For clarity in calculations, American odds are converted to decimal odds:
- Bet 1 (-115): Decimal odds = (100 / 115) + 1 ≈ 1.8696
- Bet 2 (+125): Decimal odds = (125 / 100) + 1 = 2.25
Calculating Potential Outcomes
Scenario 1: Total Points Under 148.5
- Profit from Bet 1: $546.17 × (1.8696 - 1) ≈ $474.07
- Total Return from Bet 1: $546.17 + $474.07 ≈ $1,020.24
- Loss from Bet 2: -$453.83
- Net Profit: $1,020.24 - $453.83 - $1,000 ≈ $20.24
Scenario 2: Total Points Over 148.5
- Profit from Bet 2: $453.83 × (2.25 - 1) ≈ $567.29
- Total Return from Bet 2: $453.83 + $567.29 ≈ $1,021.13
- Loss from Bet 1: -$546.17
- Net Profit: $1,021.13 - $546.17 - $1,000 ≈ $21.13
Summary of Outcomes
The calculations indicate a net profit in both scenarios:
- If Total Points Under 148.5: Approximate profit of $20.24.
- If Total Points Over 148.5: Approximate profit of $21.13.
This suggests a potential arbitrage betting opportunity, where a profit is possible regardless of the game's result.
Implications and Considerations
While the analysis points to a promising arbitrage situation, several factors should be carefully considered:
- Bet Acceptance and Limits: Bookmakers may have restrictions on bet sizes or might not accept the bets at the desired stakes. It's important to confirm that both bets can be placed as intended.
- Odds Fluctuations: Odds in sports betting can change rapidly. Placing both bets simultaneously may help in securing the listed odds and stakes.
- Bet Settlement Rules: Different bookmakers may have varying rules for bet settlement. Ensuring both bets are subject to the same conditions is crucial for the arbitrage to hold.
- Event Timing: The game is scheduled over a year in advance. Long-term bets carry additional risks such as event cancellation, changes in team rosters, or other unforeseen circumstances.
- Bookmaker Terms: Some bookmakers may have terms and conditions that restrict arbitrage betting. Reviewing these terms can help in understanding any potential implications.
Conclusion
The identified bets represent a potential arbitrage opportunity in the sports betting market for the Syracuse Orange vs. Bucknell Bison game. By covering opposing outcomes on the total points market, there is a possibility of a net profit regardless of the game's final score. Careful consideration of the factors outlined above is essential in evaluating the viability of this opportunity.
Disclaimer
This analysis is provided for informational and educational purposes only and does not constitute betting advice or a recommendation. Sports betting involves risks, and individuals should ensure they understand these risks fully. Always review terms and conditions, and consider seeking advice from a professional before engaging in any betting activities.