Quick question and sort of hypothetical situation. On August 16th Tom Watson is fighting Sam Alvey. Tom Watson is currently -121 at Pinnacle. Sam Alvey is currently +135 at 5Dimes. Let's assume that 5Dimes would let you bet a maximum of $1000 on this fight. Would you be better off betting $1286.65(on Watson) at Pinnacle and $1000(on Alvey) at 5Dimes guaranteeing you a profit of $63.35 regardless of who wins OR would you be better of betting only $1210 at Pinnacle and $1000 at 5Dimes? This way... if Watson(Pinnacle bet) wins the worst you will do is break even. However, if Alvey(5Dimes bet) should win you will get a profit of $140 instead of just the guaranteed $63.35. I would think that if Pinnacle is the sharpest book and everyone that Arbs ends up in the negative at Pinnacle that you would be better off trying to win $140 instead of the guaranteed $63.35 in this situation and virtually every situation for that matter. Is this correct? Or not?
Also, when you are placing your Arb bets do you place them both at the exact same time? What do you do if one of the lines changes(for the worse) as you are placing your bet?