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Actually, there are many arbitrage opportunities during the World Cup.
For example, last night England played against DR Congo.
Congo scored a goal, and at halftime, the probability of DR Congo winning was gradually increasing. However, upsets are rare in such knockout matches. The worst result for England against DR Congo would be a draw, but buying a draw or an England win directly carries risk.
So you can directly buy "Congo not to win" when sentiment is low, which is equivalent to buying a draw or an England win.
Yesterday, when buying the dip at 0.56, I made nearly double the profit. Then I used the profit to bet on England again, and made another 180% profit.