Arbitrage Examples
These examples show how our members have found arbitrage opportunities by betting on both sides of the same game at different sportsbooks.
Live arbitrage site will be available starting December 3rd.
Chiefs vs Bills
True Arbitrage (Equal Return)
What this means
DraftKings
FanDuel
Lakers vs Warriors
Skewed (High on Lakers, Break-Even on Warriors)
What this means
BetMGM
Caesars
Yankees vs Red Sox
Risk-Weighted (Profit Both Ways; Tilted to Red Sox)
What this means
PointsBet
BetRivers
How Arbitrage Works
1. Find Opportunities
Our system scans thousands of odds across multiple sportsbooks to find price discrepancies.
2. Calculate Bets
We calculate the exact bet amounts needed on each side to guarantee a profit regardless of the outcome.
3. Place Bets
Place the calculated bets on both sides and wait for the game to finish. You win either way!
Understanding Arbitrage
The difference between "edge" % and "profit" %
The edge tells you there's money to be made.
The return tells you how much money you'll actually make.
These are not always identical, because your stake sizes depend on which side you use as your reference, and how you normalize total investment.
True Arbitrage
Equal Return Strategy
What it does: Allocates stakes so that no matter which outcome wins, you earn exactly the same profit.
Formula: Based on inverse odds to ensure your payout is fixed regardless of the winner.
Best for: Stress-free profit with zero variance in returns.
Example:
If Team A wins: +$50 profit
If Team B wins: +$50 profit
Same profit either way!
Skewed Arbitrage
High Return Strategy
What it does: Overweights one outcome to achieve higher returns if that side wins, while breaking even (or small profit) on the other.
Formula: Calculates stakes to achieve your target return percentage on the chosen side.
Best for: When you have a personal lean toward one team but still want downside protection.
Example:
If Team A wins: +$200 profit (10% return)
If Team B wins: +$0 profit (break-even)
High reward, protected downside!
Risk-Weighted Arbitrage
Custom Profit Strategy
What it does: Sets stakes so both outcomes pay profit, with a configurable profit ratio where the target outcome pays r times the other outcome's profit.
Formula: Uses the skew ratio s1/s2 = (1 + r * a₂) / (a₁ + r) where a = decimal odds - 1, ensuring P₁ = r × P₂.
Best for: When you want both outcomes profitable but prefer a controlled profit ratio favoring one side.
Example (r = 2.0):
If Team A wins: +$5.73 profit
If Team B wins: +$2.86 profit (exactly 2× less)
Controlled profit ratio with both sides profitable!
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