The wire / Market report

Market reportSeptember 21, 2026

Market report: 5 arbitrage windows and where the sharp money went

Book-to-book price gaps, which leagues the sharp money actually shows up in, and whether backing the crowd covered.

A lot happened at the windows this week — the highlights below. Across 246 games on the board, 5 markets are currently priced far enough apart between books to lock a return, and the cheapest hold available averages out well under what a single-book bettor pays.

Open arbitrage

GameMarketReturnBooks
WVU at UVAmoneyline+113.58%Caesars / FanDuel
TEX at TENNmoneyline+4.96%DraftKings / FanDuel
OHIO at USAmoneyline+4.67%DraftKings / bet365
NYY at ARImoneyline+4.22%bet365 / FanDuel
MIA at SDspread+3.76%bet365 / BetMGM

Where the sharp action is

LeagueDivergent gamesReverse movesSteam
MLB100%100%100%
NCAAF100%50%100%
WNBA50%25%50%
NFL0%0%100%

Fading the crowd

Ticket shareGamesCover rate
50–60%1154.5%
60–70%366.7%
70–80%250%
80%+650%

Cover rate is measured on the side holding the ticket majority. A number within a point or so of 50% is noise; it takes a persistent gap across thousands of games before "fade the public" is a strategy rather than a slogan.

Assembled by the rule-based generator from a snapshot of the board. Prices move; the figures above are what the market showed when this was written.