#ArbitrageStrategy

Last week, I bet on Alex Ovechkin for the Capitals versus the Hurricanes playoff game in hockey. On one sports betting platform, I bet $100 to win $150 that Alex Ovechkin would get over three and a half shots on goal. That meant my total payout would be $250 because I would get my $100 back plus the $150 in profit.

During the same game, on another betting site, I had the exact opposite bet, where I bet Alex would get under three and a half shots on goal. The chances were betting $130 to win $119, so my total payout would be $249.