The wire / Market report

Market reportOctober 2, 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.

Line movement told a clear story this week. Across 230 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
NHL100%50%66.7%
MLB66.7%0%100%
WNBA60%50%100%
NFL50%0%100%
NCAAF0%0%100%

Fading the crowd

Ticket shareGamesCover rate
50–60%2050%
60–70%1060%
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.