@jakebenzaq
Jake Benzaquen
5 months
We have already seen ~$500k of matched volume on these positions, and will continue to offer the best prices and high liquidity for the New Jersey arbitrage community. Here @ProphetExchange we don't limit and encourage arbitrage. Best of luck to everyone out there today.
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@jakebenzaq
Jake Benzaquen
5 months
Currently some unprecedented action coming in on the Houston Texans +9.5 and +10.5 today at @ProphetExchange . Allow me to explain👇
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@jakebenzaq
Jake Benzaquen
5 months
This morning @ESPNBet took a lot of action on the Houston Texans. We think this might be @MattressMack related, but are not sure. This built up an enormous liability for ESPNBet, who now will be rooting very hard for the Ravens to cover -9.5, so their users bets lose.
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@jakebenzaq
Jake Benzaquen
5 months
As a result of this position, the @ESPNBet trading team made an interesting move🧠 They decided to BOOST: Ravens -9.5 to +110 Ravens -10.5 to +140. Boosts are a normal part of sportsbook operations, however, these boost had NO LIMIT. Users can bet up to $2.5m on each of…
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@jakebenzaq
Jake Benzaquen
5 months
This was specifically done to offload risk on their position (I hope). They now have bettors coming in and betting the Ravens, balancing out their books from their Texans action. The best part of all this? @ProphetExchange is seeing a ton of arbitrage.
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@jakebenzaq
Jake Benzaquen
5 months
This morning we have been flooded with Texans +9.5 and Texans +10.5 bets. This is because as a betting exchange, we have the best odds on both of these bets. You can bet: Texans +9.5 at +100 Texans +10.5 at -128 Again, both of these are the best prices in the country.
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@jakebenzaq
Jake Benzaquen
5 months
Users can bet: Texans +9.5 at +100 and Ravens -9.5 +110 Texans +10.5 at -128 and Ravens -10.5 +140 Each of these 'arbs' allows users to make free money, ESPNBet to balance it's book, and @ProphetExchange to see a ton of volume.
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@MotownMike4
Houdini
5 months
@jakebenzaq @ProphetExchange When will the exchange be available in other states?
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@GoTestarossa
Michael Testarossa
5 months
@jakebenzaq @ProphetExchange Arbitrage across America! That is the end goal 🙏🏽
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@JMYConsulting
Jon Yanovsky
5 months
@jakebenzaq @ProphetExchange The exposure on the key number of 10 is insane. If it lands 10, this isn't an arb,it's a bonanza!
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@RealKiTsKorner
Adam Kitney
5 months
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