College Football Risk-Free Profit: Arbitrage Opportunity on Pittsburgh vs. West Virginia

The excitement of Week 1 of the NFL is almost over, but now we’re getting into the routine of primetime weeknight games, full Saturdays of college football, and full Sundays of NFL. It’s the best time of the year.

One of my favorite ways to make money every football season 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: Pittsburgh Moneyline | +102 at FanDuel

Bet #2: West Virginia Moneyline | +120 at Wynn

Here’s a major discrepancy between FanDuel and Wynn. Arbitrage opportunities like this are extremely rare across the market considering how many odds are offered.

A tiny percentage of total markets have arbitrage opportunities, but the OddsJam Arbitrage tool can find all of them for you, and shows dozens of opportunities at any given time.

Take a look at the tool below for this example:

As you can see in the screenshot, FanDuel and Wynn are offering wildly different odds here. FanDuel has this line at plus odds while every other sportsbook has them favored.

If you were only going to take one side of this bet, I’d recommend the FanDuel side because FanDuel is a HUGE outlier.

However, I’m deciding to take the risk-free profit option and bet both sides.

This sets up an arbitrage opportunity. It’s possible to make risk-free profit with the way these lines are priced.

I decided to place $500 on FanDuel and plugged that into the calculator next to the bet on the tool.

The calculator tells me to put $459.09 on West Virginia at Wynn, which creates a total stake between the two bets of $959.09.

Regardless of which team wins the game, I’ll get $1010 back for a risk-free profit of $50.91.

It’s literally risk-free. One of these teams is guaranteed to win.

Arbitrage is rare, but OddsJam is updating millions of odds every second to point out these risk-free money opportunities when books’ lines get super out of sync with one another.

If you want to learn more about profitable sports betting, then I recommend this strategy guide. It breaks down the top strategies for making money off the sportsbooks.