Originally Posted by
Dunder
Cobra King is correct in his advice i.e. in the long run it would be more profitable to only bet one side.
If, however you wish to mitigate short term risk then what you are actually doing is trading.
To maximise your profitable trades you should have accounts at Matchbook and as many highly rated books as you can and ensure you get the best odds available for both bets, but bear in mind that if you are consistently getting the best line, most books will quickly apply limits.
You should also, in advance, have a plan in terms of what you will do if the line does not move in the direction you expect. Closing the trade obviously means a guaranteed loss (hopefully small). Is that going to be preferable to not making the second bet? What about partially covering?
Of course you tend to find more volatility (bigger line movements) away from high profile and mainstream markets (college sports/minority sports). But predicting the weight of money in those will generally require a greater degree of handicapping ability and if you have those you basically come back full circle to what Cobra King said.