Following is an example of an actual live arbitrage opportunity. The matchup was the Dallas Stars and New Jersey Devils. At one point in the game, the moneyline for the Stars at Caesars was -200, while at the same time the moneyline for the Devils at FanDuel was +350. If you made a $150 bet on the Stars and a $50 bet on the Devils, you would have profited $25, regardless of which team won. Let's break it down: