For dozens of reasons, but this one specifically right now. Not knowing what my limits are at sportsbooks is interfering with my arbitrage betting. What if I put $100 at SugarHouse and then tried to put the $97.73 on BetMGM but had hit my limit? Goodbye, guaranteed ROI, hello big rooting interest in the over, which I have no interest in, as I have no idea if the number is going over. And then when I was about to do it again, I paused. I bet $100 on the over at SugarHouse at +115, and then $97.73 on the under at BetMGM at +120, and no matter what happened, I was going to get back $215. So yes: Two sides of the same bet and both at plus-odds? All. It’s the same feeling as getting a few nickels out of a payphone coin slot from 40 years ago. Ten free spins on Starburst on BetMGM, free blackjack credits on DraftKings - whatever it is, I’ll grab it, play it, cash it, and know my DFS entry fees are being subsidized. I not only take advantage of differences in odds, I’ll also take advantage of daily casino promos to make a few extra bucks. Anyway … )Īnyway, if I can make a few dollars a day in arbitrage - and I do, most of the time - that’s a few less dollars I need to worry about for my DFS contests. I’m mainly a DFS player, and I mainly play the big low-dollar tournaments, and I mainly put $30-$50 in a day when playing MLB and NBA. It just makes good sense to do so, especially considering how I spend my gambling dollar. Now understand something about me: I am always looking for arbitrage opportunities, and if I find one that will net me any profit whatsoever, I will take it. As far as arbitrage opportunities go, this one was a geyser. At BetMGM, the offering was under 6.5 at +120. SugarHouse (what BetRivers calls itself in New Jersey) was offering over 6.5 at +115. ![]() So the next day I went back to see if any odds changed, and that’s when I found it: the over/under on offensive linemen to be drafted in the first round. I had written an NFL draft props column last week and felt I was now (obviously) an expert. I was less happy when I realized I had to be careful when I placed these bets because one false move, and not only would my “guarantee” evaporate, but I also might end up on the losing end of the proposition. I would take every dime (and nickel) I have and throw it in, knowing I’d wake up 8.7% richer than when I started. Now I don’t know about you, but when I find a guaranteed 8.7% ROI, I’m going all-in, and I mean that literally. After all, sportsbooks aren’t telling anyone their limits, and not knowing what your limits are can affect even the nickel-and-dimers (to which I am a proud member) among us.Ĭonsider this: I found myself an arbitrage opportunity last week that would guarantee an 8.7% ROI. I’ve written my fair share about betting limits, specifically how the vast majority of online sportsbooks in America seem to make a habit of limiting successful players.īut if you think you’re such small potatoes the limit issue can’t happen to you, think again.
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