The wire / Market report

Market reportSeptember 27, 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 370 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+26.69%bet365 / FanDuel
PHI at CHImoneyline+12.54%DraftKings / FanDuel
NE at JAXmoneyline+4.82%BetMGM / Caesars
UNT at TLSAmoneyline+2.02%FanDuel / bet365
MICH at MINNmoneyline+1.38%DraftKings / bet365

Where the sharp action is

LeagueDivergent gamesReverse movesSteam
MLB100%0%100%
NHL100%undefined%0%
WNBA75%33.3%100%
NFL50%0%100%
NCAAF0%100%100%

Fading the crowd

Ticket shareGamesCover rate
50–60%1250%
60–70%742.9%
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.