Trey Lyles NBA Betting Arbitrage Opportunity
Introduction
A recently identified arbitrage betting opportunity has emerged in the sports betting market for the upcoming NBA game between the Sacramento Kings and the Detroit Pistons on December 26, 2024, at 10:10 PM. The focus is on player Trey Lyles and his performance in making over or under 1.5 three-pointers. Two bookmakers, DraftKings and FanDuel, are offering differing odds on this market, creating a potential arbitrage scenario.
Analysis
DraftKings is offering odds of +120 (decimal odds 2.20) for Trey Lyles to make over 1.5 three-pointers. Conversely, FanDuel provides odds of -106 (decimal odds approximately 1.94) for the same player to make under 1.5 three-pointers. By placing proportional bets on both outcomes, a total stake of $1,000 can be allocated to guarantee a profit regardless of the game's result.
Bet 1:
- Bookmaker: DraftKings
- Bet: Over 1.5 three-pointers
- Odds: +120 (2.20)
- Stake: $469.03
Bet 2:
- Bookmaker: FanDuel
- Bet: Under 1.5 three-pointers
- Odds: -106 (1.94)
- Stake: $530.97
The total stake across both bets is $1,000.
Discussion
Potential Outcomes:
If Trey Lyles makes 2 or more three-pointers:
- Bet 1 wins: $469.03 x 2.20 = $1,031.87
- Bet 2 loses: -$530.97
- Total Return: $1,031.87 - $1,000 = $31.87 profit
If Trey Lyles makes 0 or 1 three-pointer:
- Bet 1 loses: -$469.03
- Bet 2 wins: $530.97 x 1.94 = $1,030.07
- Total Return: $1,030.07 - $1,000 = $30.07 profit
Implications:
This arbitrage opportunity presents a chance to secure a profit between $30.07 and $31.87, depending on the outcome. The discrepancy in odds between the two bookmakers allows bettors to capitalize on the guaranteed return.
Conclusion
The outlined arbitrage scenario demonstrates a clear opportunity within the sports betting market to achieve a risk-free profit. By carefully balancing the stakes across the two bookmakers and accounting for the differing odds, bettors can secure a return regardless of Trey Lyles' performance in three-pointers during the game.
Disclaimer
This analysis is intended for informational and educational purposes only. It does not constitute financial or betting advice. Always ensure compliance with local laws and regulations regarding sports betting.