1. #1
    tha
    tha's Avatar Become A Pro!
    Join Date: 12-10-12
    Posts: 9
    Betpoints: 58

    Your thoughts on my strategy - Hedging

    Hey all,

    I am looking at testing a bundle of different betting systems to find one that actually works. I noticed something on a popular sports betting site that I think carries an opportunity. I am starting this thread to hear what you all think of it.

    I learnt across a few dozen tennis matches (consecutive ones) that there are ample number of perfect "reversal" of odds and I think this leads to a hedging opportunity.
    - I choose to call them perfect because they tend to turn around a 100%,
    - I call them reversal because they move in the opposite direction

    Let me explain this with better illustration.

    Match: A Vs B

    Odds
    A
    B
    Before Start of match +145 -140
    End of Game #4 +125 -130
    End of Game #8 +110 -115
    End of Game #13 -115 -115
    End of Game #19 -125 +145

    You will notice that the underdog turned the favorite across 19 games and hence the odds turned around. I am noticing similar "odds reversals" (as I call them) across many games. This certainly looks like an hedging opportunity across several games which could lead to a marginal profit in worst case scenarios.

    I am currently tracking these reversals across 100 most recent ITF matches and I hope to find something worthy of betting soon.

    I would really love to know if anyone has attempted anything similar in the past.

    Thank you for reading.
    Last edited by tha; 12-11-12 at 02:34 AM.

  2. #2
    tto827
    tto827's Avatar Become A Pro!
    Join Date: 10-01-12
    Posts: 9,078
    Betpoints: 76

    Welcome!
    Those odds are not 100% accurate because you will never see +145 and -140 (unless line shopping at multiple books, and even then somewhat unlikely), that's negative vig for the book.

    If your pick of the underdog gets a lead in the match, it will lead to a good hedge opportunity, but if he trails the whole way, you likely will never find value for a hedge.

    Hedging also is typically negative expected value. If you take someone at +140, and now it is available at -150, you are beating the book by 90 cents and only pay vig once. If you hedge with the other side at +140, you are buying a line with vig, and paying it on both sides.

    **Mods should probably move this to the think tank, he won't get help here.

  3. #3
    tha
    tha's Avatar Become A Pro!
    Join Date: 12-10-12
    Posts: 9
    Betpoints: 58

    Thanks @tt087,

    I am clearly excited to see such a thing happen across most matches am tracking right now. I am looking forward to the data from all the 100 matches this month. I am pretty sure it will give me a better handle on understanding the probabilities/likelihood of these reversals.

Top