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Guaranteed Money: Risk-Free Profit on Cardinals vs. Orioles

<p>AP Photos</p>

AP Photos

Even though we’re in football mode now, we can’t forget about baseball. With so many games each night, there’s plenty of money to be made.

One of my favorite ways to make money is through arbitrage betting because if done properly it’s literally risk-free money.

Sportsbooks set odds independently. They all have different odds, and sometimes they make mistakes. Sometimes these mistakes are so big that you can bet on equal & opposite outcomes on 2 sportsbooks and make a risk-free profit. That’s arbitrage. You’re essentially day-trading mistakes on sportsbooks to make a risk-free profit.

Here’s an example of an arbitrage bet…

Bet #1: Cardinals vs. Orioles Over 0.5 First Inning Runs | -120 at PointsBet

Bet #2: Cardinals vs. Orioles Under 0.5 First Inning Runs | +130 at Caesars

There’s lots of risk-free profit (e.g. arbitrage) bets on OddsJam’s arbitrage tool. This is how I got started sports betting & made my first $40,000. It’s just a hustle game… You have to know how to navigate the sportsbooks quickly & get down arbitrage plays before the line moves. Easy money, though…

Look how different the odds are across the market, particularly with PointsBet and Caesars. It creates an arbitrage opportunity.

Arbitrage is when books get so out of sync that you can bet the over on one book and the under on another to make a risk-free profit. Here, you’d want to follow the calculator and bet $125 on PointsBet YRFI at -120 as well as $100 on the NRFI on Caesars (I am rounding the calculator slightly).

If the YRFI (yes runs first inning) hits, you lose $100 on Caesars but win $104.17 on PointsBet for a net profit of $4.17

If the NRFI (no runs first inning) hits You lose $125 on PointsBet but profit $130 on Caesars for a profit of $5. With arbitrage betting, one bet will always win, and one will lose. It’s like buying a stock for $10 & selling it immediately for $11.

The only reason it’s possible is that the sports betting market is extremely fragmented (or “inefficient”) & all sportsbooks set their lines independently (e.g. each book has different odds).

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