What is an arbitrage bet?

An arbitrage bet, or an "arb" is when a bettor makes two bets on the same event, covering both outcomes to secure a guaranteed profit. This is made possible because sportsbooks set their odds independently and lines can often be out of sync.

Do you have an example?

Let's say the New York Yankees moneyline is +120 with DraftKings sportsbook, while the Boston Red Sox are -105 with Fanduel sportsbook for the same game. If you were to bet $300 on the Yankees at +120, you can then bet $338 on the Red Sox at -105 to secure a risk-free return of $21.95.

How often do odds update?

OddsJam processes over 1 million odds per second to find you select risk-free arbitrage opportunities in real-time. OddsJam has the fastest updating odds so you never miss the best arbitrage opportunities.