You can see here that there is a discrepancy in the odds, or a disagreement between the sportsbooks over the winning chances of each team. 'Sportsbook A' may open up their market at:Īnd 'Sportsbook B' may open up their market at: Arbitrage opportunities can pop up in betting markets for a variety of reasons, most commonly being a disagreement in Sportsbook opinions on a certain event.įor example, say an NBA game was being played between the Houston Rockets and the Cleveland Cavaliers.