Would be interesting to arbitrage that.
I am lost. Mr Webster is not helping me.
Definition of arbitrage
(Entry 1 of 2)
1 : the nearly simultaneous purchase and sale of securities or foreign exchange in different markets in order to profit from price discrepancies
2 : the purchase of the stock of a takeover target especially with a view to selling it profitably to the raider
Essentially #1. True arbitrage by that definition in sports gambling would be having Ohio at -1 at one sports book and -2 at another. So you'd bet Ohio -2 then bet against Ohio at -1 to give yourself the free point. That is an inefficiency between markets; arbitrage=riskless profit
What I was getting at is a looser definition. If you had some model you believed in for betting purposes that was favoring Ohio out to some decimal place like .7 (>.5) you would round to bet -1 or .3 (<.5) you do the opposite. Or maybe take them 7/10 or 3/10 in those scenarios. Essentially just trying to capitalize on that margin between the whole number betting odds and the ratings going out to further decimal places... I'm no gambling expert but with fees I'd imagine this would only work at a large scale and that is also assuming the model you are using actually works