The wire / Market report

Market reportSeptember 30, 2026

Market report: 2 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.

Here's how the market moved this week. Across 225 games on the board, 2 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
PHI at CHImoneyline+14.49%BetMGM / FanDuel
DAL at SEAspread+0.71%DraftKings / DraftKings

Where the sharp action is

LeagueDivergent gamesReverse movesSteam
NFL100%0%66.7%
MLB100%undefined%100%
NHL100%undefined%100%
NCAAF100%0%100%
WNBA50%50%100%

Fading the crowd

Ticket shareGamesCover rate
50–60%1546.7%
60–70%955.6%
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.