Arbitrage betting is one of the easiest ways to lock in profits when wagering across multiple sportsbooks. Oddsjam has a great tool for this and is constantly updating with new arbitrage opportunities.
Essentially, arbitrage exposes where one line is positive larger than an opposing line is negative. See the below line for example for First Half Total Points between FOXBET and BET365.
In this example, we’ve selected 1st half total points, which oddsjam has surfaced to us an arbitrage opportunity. FOXBET has the odds of Over 24.5 at +120. If we wagered the opposite bet, Under 24.5 for the 1st half total points, we would need to wager $115.24 at -110 odds. Regardless of the outcome, that’s a guaranteed $4.76 in profit with a total payout of $220. The calculator tells you exactly how much to wager on either side, and even allows you to add it to OddsJam’s tracker.
Below is further breakdown of the math.
FOXBET wager of $100 + BET365 wager of $115.24 = $215.24 total wagered.
Payout if Over 24.5 1st half total points, or Under 24.5 points= $220.
$220(payout) – $215.24(total wager on both books) = $4.76 (Profit)
The key to this example and other is that one side of the line is more + than the other side is –. Whenever you see that on a two way line (no 3rd wager option for a tie) there’s an arbitrage opportunity. Arbitrage sports betting tools help you identify those lines and take advantage of them.
Oddsjam surfaces lines like this all day, and even offers “live” for their platinum plans. In this screenshot alone there are over 11 arbitrage opportunities that ensure a profitable outcome across multiple sports books. Oddsjam offers one of the best arbitrage sports betting tools regardless of the geographical market you’re in.
One thing to keep in mind is books may limit the amount you are able to wager. The good thing there is that most books also allow you to cash out a wager. If you ever find yourself over-committed to one side of the line due to wager limiting, you can offset/cash out those wagers.
The best books we’ve identified within oddsjam for arbitrage betting are MGM, Draftkings, FanDuel, and BetRivers. That may vary by state, but you’ll get a feel as you use the Oddsjam arbitrage tool over time.
If you want to learn more about Oddsjam, you can read the breakdown we’ve done here, or check out Oddsjam directly. There are numerous educational material to help you Be The Sharps.
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