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DraftKings Arbitrage Betting

We look at what Arbitrage Betting on DraftKings is and how you can get started today.

DraftKings is one of the best sports betting platforms in the United States, offering some of the best promotions, including odds boosts on many of the major sports. Every sports betting strategy claims to work, but only one completely limits losses and that’s arbitrage betting, or betting the middle.

Essentially, betting the middle is placing wagers on both sides of the line, using DraftKings odds boosts, or multiple platforms to be sure no matter the outcome, you win. While it’s not exactly illegal, it is highly frowned upon by multiple sportsbooks and could potentially lead to your betting account being limited, if found out.

Arbitrage Betting on DraftKings Sportsbook Explained

An arbitrage opportunity is when a bet with two outcomes has odds that provide profits no matter the outcome for the sports bettor. Typically, these odds will be located on multiple sportsbooks because operators won’t contain positive odds for two bets on the same event, however, it’s possible to find arbitrage betting opportunities through promotions like odds boosts.

For example, if team 1 was the favorite and their odds were boosted to +100, it’s possible to take the underdog at plus money as well. Another strategy many bettors use is by placing a bet before the event begins and then live betting on the other side, which many people know as hedging their bets.

Outside of odds boosts, users can patrol the different available odds on sports betting apps in their area, looking for differences in odds as a way to take advantage. Arb bettors can also use online calculators and odds tracker software to find the best-implied probabilities for the highest profit margins available.

Arbitrage Betting and DraftKings Bonuses

The strategy of arbitrage betting is essentially explained as a user that always looks to guarantee a profit when placing bets. While it might sound complicated, most sportsbooks have different odds so it’s easy to go line shopping for a potential payout no matter the outcome if you’re not limited to a single sportsbook.

DraftKings and many other sportsbooks offer many odds boosts throughout the day for users to use to earn more money from their bet, which is the perfect arbitrage situation. Many professional sports bettors use the arbitrage betting strategy because it guarantees profits and eliminates the chance of losing money, however, it’s not the most profitable.

Arbitrage bets are always used on a line with only two outcomes, so a same-game parlay or prop bet like touchdown scorer won’t work.

DraftKings Arbitrage Bet Example

Other Legal US Sportsbooks to Arbitrage DraftKings

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When arb betting, odds boosts are necessary to exploit different sportsbooks on the same game, eliminating risk for the best possible outcomes from an implied probability. This means that the best sportsbooks for arbitrage betting with DraftKings will have the best odds boosts on the market.

🏈Sportsbook🎁Welcome Bonus📜Promo Code🌐Promo Link
PointsBetUp to $1,000 in Second CHance BetsN/ASign Up
FanDuel$250 No Sweat First BetN/ASign Up
BetMGM$1,500 Second Chance BetGAMBLEUSASign Up
Caesars$1,250 Insurance Bet, 1,000 tier points, and 1,000 rewards pointsGUSAFULLSign Up
BetRivers$500 Risk-Free Bet ($100 in New York)SPORTSSign Up

Not only do these sportsbooks offer several great promotional offers for odds boosts, but they also offer great welcome bonuses for their new customers! For example, each of these sportsbooks offers insurance bets that range from $50-$1,250 and some might offer more than one.

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Arbitrage Betting Tips for DraftKings Players

One of my biggest tips for new bettors looking to use arbitrage betting as a strategy is to use it in tandem with new customer bonus bets and stick with bets that have only two outcomes. It is important to remember that by using an arbitrage betting strategy, you will have to bet big to win significant sums of money. The hedge bets cut out a significant chunk of your potential earnings.

Most USA betting sites (and all of the ones I mentioned above) will offer bonus bets as a welcome bonus, which can be applied to arbitrage betting to completely eliminate any chance of losing. This is called “matched betting“, when you take advantage of the bonus and stake bets to turn the bonus money into hard cash. Matched betting only works when you have bonus bets to take advantage of, and therefore you will not always have the possibility to place matched bets.

The classic arbitrage strategy requires more analysis of the betting market, specifically the odds offered on the same event at different sportsbooks. Look out for profit boosts and enhanced odds offers, as they can give you more rewarding opportunities.

Promotions for new users are fantastic for arbitrage betting, but they can’t be used with any type of bonus. If you keep an eye on the odds, it’s possible to find the right opportunity!

DraftKings Arbitrage Reddit

While DraftKings doesn’t have its own Reddit thread specific to arbitrage betting, there is a thread called r/arbitragebetting where users point out opportunities through the different sportsbooks. Because of its odds boosts, DraftKings is constantly featured throughout the thread as one of the prime platforms for arbitrage opportunities.

Quora on the other hand does feature a thread about arbitrage betting on DraftKings that features accounts from users who have had their accounts limited on the platform. Typically, it was for arbitrage betting only using DraftKings instead of two sportsbooks, but some mentioned their accounts were flagged for odd betting amounts.

One user mentioned how DraftKings and many other sportsbooks flag accounts automatically for bets with a strange amount of risk because it seems like a bot gaming the system. Operators tend to flag accounts using decimals in their wagers rather than round numbers or bets that are placed at strange times. Consider these to avoid having your DraftKings account suspended or restricted.

DraftKings Sportsbook Account Restricted

Can You Get Banned for Arbitrage Betting on DraftKings?

The short answer is that yes, “Syndicate betting” is illegal on DraftKings. The sportsbook reserves the right to void any bet you place, especially if you are suspected of using an algorithm to create an arbitrage bet. DraftKings’ terms and conditions (which every user must agree to) allows them to place limits on the amount of risk a user can place or restrictions on the types of bets a user can place because they have violated those terms by gaming the system for guaranteed profit.

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Sports bettors that have flagged accounts for using arbitrage opportunities may be limited from specific betting markets or have their risk amount limited because of their regular profit margin. To deter this from happening to your account, refrain from using weird numbers when using an arbitrage or hedge betting calculator, for example, if it wants you to bet $102.72, use a round number like $100 instead.

FAQs

Will DraftKings ban you for arbitrage?

Not exactly, however, they will limit how much money you're allowed to bet on specific wagers if your account gets flagged. It's also possible that they will heavily limit the promotions available to your account as well to prevent you from doing it and profiting off of it.

Can you bet on both sides on DraftKings?

Yes, DraftKings allows users to bet both sides, however, they will limit your account if it's done too much. Try taking advantage of odds boosts on DraftKings and FanDuel by using them separately to bet the middle to not get flagged.

How do I arbitrage my bet without getting caught on DraftKings?

The best strategy is to just use two different sportsbooks because they don't communicate with each other, so if there are arbitrage betting opportunities through the odds offered, take advantage. If you truly want the possibility of your account being limited out of the picture, I recommend at least betting in the middle while the event is live.

Is arbitrage and matched betting the same on DraftKings?

Not exactly, but it is very similar. Matched betting is essentially gaming the promotions of an operator to always win money, so it's a form of arbitrage betting. However, if you arbitrage bet on two different sportsbooks, you don't have to use promotions.