UCLA vs. Gonzaga Betting Arbitrage Opportunity (ROI: 14.0%)
Introduction
A new arbitrage betting opportunity has emerged in the upcoming NCAA Basketball game between the UCLA Bruins and the Gonzaga Bulldogs on December 28, 2024, at 4:06 PM. By leveraging discrepancies in odds offered by different bookmakers, bettors may capitalize on a potential risk-free profit. This analysis examines the details of this sports betting opportunity in the context of arbitrage betting.
Analysis
Two bookmakers, BetMGM and DraftKings, are offering opposing odds on the same market for the UCLA Bruins' team total points:
Bet 1:
- Bookmaker: BetMGM
- Market: Alternate Team Totals
- Bet: Over 66.5 points for UCLA Bruins
- Odds: -135 (American), equivalent to 1.74 (Decimal)
- Stake: $654.67
Bet 2:
- Bookmaker: DraftKings
- Market: Alternate Team Totals
- Bet: Under 66.5 points for UCLA Bruins
- Odds: +230 (American), equivalent to 3.30 (Decimal)
- Stake: $345.33
The total amount staked is $1,000. The potential outcomes are calculated based on whether the UCLA Bruins score over or under 66.5 points.
Discussion
Scenario 1: UCLA Scores Over 66.5 Points
- Bet 1 Wins: Return = $654.67 × 1.74 = $1,139.13
- Bet 2 Loses: Loss = $345.33
- Net Profit: $1,139.13 - $1,000 = $139.13
Scenario 2: UCLA Scores Under 66.5 Points
- Bet 2 Wins: Return = $345.33 × 3.30 = $1,139.59
- Bet 1 Loses: Loss = $654.67
- Net Profit: $1,139.59 - $1,000 = $139.59
In both scenarios, the bettor stands to make a net profit of approximately $139, regardless of the game's outcome. This is a hallmark of arbitrage betting, where opposing bets cover all possible outcomes, securing a profit due to the variation in odds between bookmakers.
Conclusion
The analysis indicates a potential arbitrage opportunity in the UCLA Bruins vs. Gonzaga Bulldogs game. By placing calculated bets on both the over and under 66.5 points markets at different bookmakers, a bettor could secure a guaranteed profit. This opportunity arises from the difference in odds offered by BetMGM and DraftKings. As always in sports betting and arbitrage betting, it's important to consider all variables and ensure that all bets comply with the terms and conditions of the respective bookmakers.
Disclaimer
This analysis is for informational and educational purposes only and does not constitute financial or betting advice. Sports betting involves risk, and individuals should bet responsibly and consider their own circumstances before engaging in any betting activity.