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Arbitrage betting, explained.

Bet both sides of the same game at two different books. Win either way.

Sounds fake. It's arithmetic.

Retail bookColts −140stake $1,470
No-vig exchangeRavens +233stake $758
Either team winsyou collect about $2,520 · +$292 profit · 11.6%

Why it exists: every sportsbook bakes a fee into every price. The vig. Exchanges like Novig and the prediction markets don't, and when a no-vig price drifts far enough from a juiced one, the two prices contradict each other. Bet the contradiction and the market pays you for noticing.

The check is one line of math: turn both prices into implied win probabilities. Under 100% combined, it's an arb. Our finder runs that check on every game, every market, every book pair on the slate, and prints the stakes pre-split so both payouts match your unit.

Now the honest part, because there's always an honest part

Most arbs are 1–3%, not 11.

They vanish in minutes, and a stale line is how you end up holding one leg of a bet you never wanted. Never place leg one without confirming leg two.

And books limit accounts that only arb. They're allowed. It's their casino.

Arbitrage is finding a twenty in an old coat. Take it every time it happens. Just don't build the budget around the coat.

On this week's slate
Arbs, counted every poll
loading the latest poll…

Related, same honesty: middle betting, explained · +EV betting, explained · the whole betting desk

Everything on this page describes mechanics, never a promise of profit. Lines move between our polls; always verify every price with the sportsbook before betting. Odds are for information only. If you or someone you know has a gambling problem, call 1-800-GAMBLER.