The 7th entry in the Arbitrage Hunter series. To view the last entry, click here.

It's a great time to be an Arbitrage bettor.

March Madness is officially here, as NCAA Basketball conference tournaments are currently underway and in action from morning to night for the rest of the weekend.

Additionally, both the NBA and NHL seasons are heating up fast, as both leagues are back from extended breaks and nearing what will surely be competitive postseason races, and action-packed playoffs.

While some of the last few weeks were slow for my fellow Arbitrage bettors, the daily opportunities for guaranteed profit are currently skyrocketing. Here's some details on the sports slate you can expect today and this weekend:

Friday: 8 NBA games, 2 NHL games, 34 NCAAB games
Saturday: 7 NBA games, 14 NHL games, 21 NCAAB games
Sunday: 7 NBA games, 6 NHL games, 5 NCAAB games

Long story short, there are tons of Arbitrage bets today, and there will be even more the rest of the weekend.

The Pickwatch Arbitrage Bet Finder is currently identifying over 60 Arbitrage opportunities for guaranteed profit today, with many more to come Saturday and Sunday.

So, as you get ready to place some Arbitrage wagers this weekend, which sportsbooks should you be using?

More on that in a bit.

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In about 2 months, I have generated over $1000 in profit from Arbitrage betting.

While I struggled with sports betting in the past, Pickwatch has provided valuable tools that are helping me, notably the Arbitrage Bet Finder, which has helped me find opportunities for risk-free, guaranteed profit nearly every day.

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10 Best Sportsbooks for Arbitrage Bets

Once you're ready to start Arbitrage betting, it's important to figure out which sportsbooks you can use, and which are the best.

The easy answer for most is simply whichever sportsbooks you can use in your state or country, as many people are limited to only a handful of options.

But if you're lucky enough to be in a state with a wide array of options, you will want to hone in on some of the best sportsbooks for Arbitrage betting.

For example, in Arizona where I am, there's a total of 14 legal sportsbooks. Some are much better than others, while some come with poor offers and promotions, risks and dangers of being limited, losing out on Arbs due to bad app or site experiences, and many other problems and headaches that sometimes aren't worth enduring.

Here are my Top 10 rankings based on my experiences so far.

1. DraftKings

Legal in 26 states and Washington D.C., I believe DraftKings is the best sportsbook for Arbitrage bettors.

The Welcome Bonus varies throughout the year, but it typically awards new bettors with $200 to $300 in bonus bets, usually with a small required wager amount of $5 to $10.

DraftKings is legal in more states than any other regulated U.S. sportsbook, making it a staple for Arbitrage bettors in legal states.

I think it has the best mobile app and website user experience, and so far, DraftKings has the best withdrawal process of any sportsbook I’ve used. In most cases, I’ve been able to request a withdrawal and have the money transferred to my debit card or PayPal within literal seconds. They offer a wide range of additional deposit and withdrawal methods, including Apple Pay, Venmo and more, and the app features a very effective and helpful Search tool to find markets for various players and teams.

The great app experience and reliable lightning-fast withdrawal speed is a massive advantage for Arbitrage bettors, as you sometimes have to quickly transfer funds from one sportsbook to another. Combine this with several other great attributes, and DraftKings is an easy top choice.

2. Fanatics Sportsbook

Legal in 23 states and Washington D.C., Fanatics Sportsbook has quickly entered the conversation for best betting app in the country, despite only being live since the Fall of 2023.

In my experience so far, I think Fanatics Sportsbook is the second-best sportsbook for Arbitrage betting.

The popular new Fanatics betting app has a lot of great characteristics, but it all starts with some of the best Welcome Offer options, giving bettors a few different ways to find value. The promotion I chose was a standard Bet/Get deal, offering $150 in bonus bets after betting just $20, plus an extra incentive. Additionally, this option gave me a $100 No-Sweat Bet for 10 straight days, which was incredible value for me, and by far the best promotion among all sportsbooks.

The Fanatics Sportsbook mobile app is also one of the best in the industry. It is easy to search for bets, navigate markets, and place wagers quickly, which makes a huge difference for Arbitrage bettors. On top of that, the withdrawal process has been excellent. I’ve had many withdrawals processed within seconds, and the app offers a strong variety of deposit and payout methods.

Fanatics also deserves credit for its free-to-play games and extra promotional opportunities. Between FanCash Shuffle, FanCash Plinko, and other predictive contests, users can win FanCash or bonus bets by participating in free games tied to player props and game outcomes. That adds another layer of value beyond just the sportsbook itself.

3. FanDuel

Legal in 23 states and Washington D.C., FanDuel is an easy pick to round out the Top 3 sportsbooks for Arbitrage betting.

FanDuel is clearly one of the best sportsbook apps available and one of the strongest all-around options for bettors across the country. It offers a polished experience, broad market selection, and strong overall reliability, making it easy to move quickly when trying to lock in Arbitrage wagers.

FanDuel also tends to have one of the best available Welcome Promotions, usually offering $200 to $300 in bonus bets for a small wager, although sometimes they do require the initial wager to win, which is not ideal.

For many, FanDuel would be ranked No. 1 or No. 2 overall, but in my experience, the withdrawal process is holding them back. While withdrawals are always reliable, there have been times when FanDuel withdrawals took a little longer than my favorites DraftKings and Fanatics, which almost always process withdraws in mere seconds.

FanDuel withdrawals are still usually completed within the same business day for digital methods such as debit card, PayPal, or Venmo, but it often takes around 15-30 minutes, and sometimes even longer.

Overall, FanDuel’s biggest strength is its consistency. It performs well across the board, and that still makes it one of the top sportsbooks to have for Arbitrage betting.

4. Caesars Sportsbook

Legal in 22 states and Washington D.C., Caesars Sportsbook is ranked No. 4 on my list of best sportsbooks for Arbitrage bettors.

Caesars Sportsbook typically offers a great Welcome Bonus, such as the 100% match up to $250 on your first wager, win or lose. Since that first bet can be placed on odds as short as -500, there is real flexibility in how you approach it, and you should be able to win an easy bet, while also getting up to $250 in bonus bets.

Caesars Sportsbook also has one of the best rewards programs. Unlike some betting apps and sites where the loyalty value is fairly limited, Caesars gives users benefits and reward options that go beyond simple bonus bets. That adds great long-term value, especially for those who like to travel and reap the benefits of various Caesars hotels and other travel experiences.

On top of all that, Caesars Sportsbook offers a quality mobile app and website experience, frequent promotions like bonus bets and profit boosts, and a simple withdrawal process that can be very fast with the right payment method. It may not quite crack the very top tier for me, but it is still a strong sportsbook and a very worthwhile option.

5. theScore Bet

Legal in 20 states and Washington D.C., theScore Bet rounds out my Top 5 sportsbooks for Arbitrage betting.

theScore Bet has some good qualities, but it still feels like a step below the best sportsbooks in the market. It offers a decent Welcome Bonus, a respectable amount of ongoing promotions and profit boosts, and a generally solid app and website experience. It is also available in a good amount of states, which helps its overall value for Arbitrage bettors.

There aren't any glaring negatives, but the main problem is that it doesn't really stand out in any one area, it just seems a bit average across the board. The promotions are decent, but not elite. The withdrawals are reasonably quick, but not quite as fast as the top books. In my experience, payouts have often been completed within minutes, which is perfectly respectable, but still a notch behind books that can process them in seconds.

Overall, theScore Bet is a solid option to have, but I do not think it belongs in the top tier. This is PENN Entertainment's third attempt at a sportsbook after Barstool Sportsbook and ESPN BET failed to gain market share, and it seems they still have work to do if they want to make it into the top tier.

6. BetRivers

Legal in 15 states, BetRivers is a sportsbook with both clear positives for Arbitrage bettors, but also some noticeable drawbacks.

On the positive side, I have good experiences with the BetRivers RushPay withdrawal feature, where withdrawals are processed within seconds.

Where BetRivers loses ground is in the mobile app experience. It does not have a great search and find feature, and the Bet Slip is extremely clunky, making it difficult to enter various wager amounts. This has cost me valuable seconds many times when trying to lock in Arbitrage wagers, often resulting in me missing out on the opportunity completely.

With some sportsbooks, clicking through from the BetSmart Arbitrage Bet Finder can immediately populate the betslip, but BetRivers often requires more manual work to find and place the bet. That extra work can be frustrating when timing is critical.

Another issue is availability. BetRivers is not live in as many states as some of the top sportsbooks for Arbitrage betting, which limits its value on a national scale. Overall, I think BetRivers is a solid secondary book to have in your arsenal, but I would not rank it among the best, as it lands closer to the bottom half of my list.

7. BetMGM

Legal in 24 states and Washington D.C., BetMGM is a sportsbook that I feel like it should rank higher than it actually does for Arbitrage betting, but I've been disappointed so far.

On paper, it has the name recognition and market presence to be one of the best options for arbitrage bettors, but for me, I think it falls outside the Top 5.

One of the biggest issues is the Welcome Promotion. It sounds impressive at first, especially when framed as a bet insurance offer worth up to $1,500, but the actual value is not nearly as strong as it appears. You need to deposit a large amount to unlock the full value, and the terms are not especially attractive compared to other books.

This is a bit of unique personal gripe, but I also had a frustrating experience where I wasn't even allowed to claim the promotion. I had an old BetMGM account that I never even used, I had created only to test out the app experience. Even though I never used it, I was still not allowed to claim the offer for new users.

The app itself provides a decent experience, but I do not think BetMGM separates itself enough in the areas that matter most for Arbitrage betting. The ongoing promotions are not especially compelling, and my withdrawal experiences have been slower and less impressive than what I’ve seen from the best competitors.

BetMGM is not a bad sportsbook by any means, but it doesn't do enough to stand out in a crowded field. For those reasons, they landed near bottom of my Top 10 list.

8. bet365

Legal in 16 states, bet365 can be a decent option for Arbitrage bettors, but after a recent experience, it now ranks towards the bottom of my Top 10 list due to the likelihood of being limited.

I actually would have ranked them a bit higher, but after getting limited a few days ago, bet365 dropped a few spots in my rankings. To make matters even worse, it has now become exremely difficult to withdraw funds from bet365 since being limited, with some withdraws taking over 24 hours.

It's tough to ding them for this considering they originally processed withdrawals extremely fast, but it's just more proof that you have to be careful with them, and follow some of my past advice from the 3rd Entry of the series on how to hopefully avoid getting flagged and limited by sportsbooks.

While the mobile app experience is not my favorite, there are some positives that make bet365 worth having for Arbitrage bettors. One of the more unique features is its free-to-play games, which can award bonus bets in the $5 to $10 range and sometimes even more. For example, bet365 offers games where you pick Over or Under on player stats, and if you get enough selections correct, you can earn bonus bets.

I also think bet365 is especially strong when it comes to niche sports and lesser-known markets. Whether it’s tennis, lower-level basketball leagues, or other less mainstream events, bet365 tends to offer a wide range of options.

It's certainly not worthy of a Top 5 spot in my list anymore, but it is still a pretty solid sportsbooks for Arbitrage betting.

9. Hard Rock Bet

Legal in 10 states, Hard Rock Bet is really not available to many Arbitrage bettors. Every other sportsbook in the Top 10 list is currently available in more states.

Additionally, Hard Rock Bet was actually the first sportsbook that limited me, and that has significantly reduced its value for me as an Arbitrage bettor. At this point, I’m no longer able to bet more than $10 on all markets, which is extremely frustrating considering I had barely used them, and profited very little.

That said, my early experiences with Hard Rock Bet were fairly positive. I thought the mobile app offered a good user experience, and I also had several withdrawals processed within seconds. That made it particularly disappointing once the limits hit.

The Welcome Bonus was decent, but the ongoing promotions are underwhelming, and the rewards program does not stand out. It takes a fair amount of wagering to get meaningful value from the loyalty program, which becomes difficult once your limits are cut.

When you combine the limiting, weaker promotions, and the fact that they is live in the fewest amount of states among all others in my list, Hard Rock Bet is a much less appealing option than others, but it's still worth using if it's available in your state.

10. Bally Bet

Legal in 11 states, Bally Bet is at the bottom of my Top 10 list of sportsbooks for Arbitrage betting.

One major issue I have with Bally Bet is the mobile app experience. Even basic tasks, such as entering a wager amount into the betslip, searching for players and markets, and others feel much more difficult than they should.

Compared to the top apps like DraftKings and FanDuel, which make the betting process quick and intuitive, Bally Bet feels clunky and inefficient, and the buttons to click specific numbers and enter them into the slip are difficult to locate and press correctly. When you’re placing Arbitrage bets, every second counts, and a bad design and interface can absolutely cost you opportunities, which it has for me many times.

Additionally, I was limited by Bally Bet, and can no longer bet more than $10 to $20 on most player props and other markets. Many others have reported being limited by Bally Bet, and once a sportsbook becomes that restrictive, it loses a lot of value for Arbitrage bettors.

Lastly, the withdrawal process has also been frustrating. I’ve had withdrawals take up to two days, which is a major step down from competitors that can process payouts instantly or within minutes. Add in a lack of strong profit boosts or promotions, and Bally Bet ends up as my lowest-ranked sportsbook for Arbitrage betting.

Arbitrage Hunter Series

While the official posting schedule has changed a bit, the Arbitrage Hunter series will continue weekly moving forward. Keep an eye out for the latest posts featuring lessons learned, highlights of my best Arbs each week, and more.

And remember, you can claim your FREE 14-Day Trial of BetSmart today, and get instant access to the Arbitrage Bet Finder and several other valuable sports betting tools.