Can you arbitrage between Novig and DraftKings?
Novig charges nothing on a pregame straight trade, on either side. That single fact makes this the cleanest pair on the site to measure: whatever margin the two posted prices imply is the margin you keep, with no fee to subtract from the Novig leg and nothing separate on the DraftKings one. Positions here are rarer than on the exchanges, and when they exist the arithmetic is unusually simple.
Novig looks like a sportsbook and prices like an exchange: another user takes the other side of your bet. So the number it posts is not a desk's opinion with a margin around it, it is where supply and demand met. Against DraftKings that usually shows up as a straight price improvement on the same outcome rather than a disagreement about the outcome, and a two-sided position opens when that improvement is large enough to cover the other side.
What the fees do to a Novig and DraftKings position
One example, the same two posted prices on every pair page, put through these two venues' own published schedules.
| Leg | Price | Implied | Venue fee | Net cost |
|---|---|---|---|---|
| Novig | +112 | 47.17% | none | 47.17% |
| DraftKings | -104 | 50.98% | none | 50.98% |
| Both sides | — | 98.15% | — | 98.15% |
On the posted numbers, +112 at Novig against -104 at DraftKings is a position worth $1.85 per $100.00 staked. Novig takes nothing separate on its leg, and DraftKings takes nothing separate on its leg. So $1.85 is also what a Novig and DraftKings position is worth after fees — which is not the same sentence as either venue being free. A sportsbook keeps its margin inside the price it posted rather than adding it afterwards, and a venue whose published rate is zero on a pregame trade charges zero there and something elsewhere.
Fees are stated in dollars per $1 of potential payout, which is the one unit both models fit in — a per-contract trading fee and a commission charged on winnings are otherwise not comparable. Schedules: Novig — Novig fee schedule: pregame straights zero-fee, live takers 3%; DraftKings — no separate fee.
Live Novig and DraftKings positions
These decay in minutes. An arbitrage is a snapshot of two prices that were live moments ago, and it decays in minutes — often in seconds once either venue notices. Confirm BOTH prices at BOTH venues before staking either leg. A position with one leg filled and the other gone is not an arbitrage; it is a one-sided bet you did not intend to make. Venues also limit, void or refuse stakes at their discretion, so the profit is guaranteed by the arithmetic and by nothing else.
Novig and DraftKings are both quoting Hits, Hits + Runs + RBIs, Pitcher Outs, RBIs, Strikeouts, Total Bases, Moneyline, Spread, and Total on the board right now, and a two-sided position can only exist inside that overlap.
No arbitrage between Novig and DraftKings on the board right now
Premium shows both sides of each position: the bet, the venue and price for each leg, how to split a $100.00 stake, and what it returns either way. The count above is live and is usually zero — arbitrage is rare, which is the point of watching for it.
Go PremiumTaking one: what goes wrong on this pair
Depth is the constraint here too, but it behaves differently from an exchange. When Novig cannot match you against another user it steps in as counterparty, and the price it gives you in that situation carries a spread the posted number did not. The position you priced off the board is not always the position you get filled at, so confirm the Novig number at the moment of placing rather than from this page.
Novig. Novig takes a small per-contract fee from the taker and pays makers a rebate rather than baking vig into the line. It is low-fee rather than fee-free, and when Novig steps in as counterparty in a thin market a spread comes back into the price.
DraftKings. DraftKings' margin is inside the price. You pay it on every bet you place, whether that bet wins or loses.
Novig vs DraftKings arbitrage FAQ
Can you arbitrage between Novig and DraftKings?
Yes. Novig posts prices on the same outcomes DraftKings prices, so opposite sides at the two venues form a two-sided position whenever the two prices add up to less than a certainty.
Does Novig charge a fee on arbitrage?
Not on a pregame straight trade — those are free on both sides, which is why a Novig leg costs nothing to add to a position. Live takers are charged, and every board on this site ranks upcoming events rather than live ones.
Will Novig limit an arbitrage bettor?
Novig makes its money on volume rather than on the outcome of your bet, so it has less reason to limit a winning account than a sportsbook does. DraftKings, on the other side of the same position, does limit accounts at its discretion.
Why is the Novig price better than DraftKings so often?
Because there is no trading desk taking a margin out of it. A Novig price comes from another user, so on the same outcome it is routinely closer to the true probability than a book price with vig built into it.
Next
- Which of the two is cheaper on the props they both price →
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