My local guy is offering -110 odds for every bet that is up to -135 on the site where he gets his lines. It's a pretty small time operation (max bet is $100) so I'm wondering if I should use these lines to get some easy arbs, or should I just bet them naked? What would be the best way to arb and would it even be worthwhile?
-
-
Roughly, if your total bankroll is more than 2K, bet them naked. Otherwise, hedge.Comment -
the max bet is $100 but you can bet as many games you like? if so, arbitrage 10 games for $100 eatch ?Comment -
The answer I would have given you 6 years ago:
As long as you don't have bankroll issues there's no point in making a negative expectation bet on the opposite side just because you have a positive expectation bet with your local.
The answer I give you today:
Tread very carefully here. I've heard many stories that start out with a local bookie consistently offering up stupid lines, and all those stories end badly. Think of the reasons why your local could be offering you this; and even if your local is well intentioned he's running a huge risk of getting crushed and not being able to cover his losses.
Whatever value you're getting out of betting bad lines $100 at a time is almost certainly trumped by the % chance you get stiffed out of your winnings. If something's too good to be true...
Just my opinion...Comment -
Limit 100 is one positive that the bookie is reliable, but dealing stall lines is one negative. Agree with Ian that if you sense the bookie is not reliable and still want to risk, you should go small, perhaps even less than full limit 100. In such case, don't hedge at all as it is not worth it.Comment
