The wire / Market report

Market reportSeptember 25, 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.

Line movement told a clear story this week. Across 267 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
SEA at WASmoneyline+24.71%BetMGM / FanDuel
PHI at CHImoneyline+17.01%BetMGM / FanDuel
TEX at TENNmoneyline+3.34%DraftKings / bet365
UAB at ULLmoneyline+2.18%FanDuel / Caesars
BAL at NYYspread+1.80%DraftKings / bet365

Where the sharp action is

LeagueDivergent gamesReverse movesSteam
NCAAF100%0%100%
WNBA66.7%20%83.3%
NFL50%50%100%
MLB50%undefined%100%

Fading the crowd

Ticket shareGamesCover rate
50–60%1250%
60–70%837.5%
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.