For example lets say i have $200 in bovada i want to get into 5 dimes. Obviously I want to bet the loser on bovada and winner on 5 dimes. What is the best way to do it without paying too much juice or risking me ending up with $600 in bovada lol. Interested in some of your stories/advice. Thanks.
How do you hedge out money from one book to another?
Collapse
X
-
stuntin909SBR Wise Guy
- 08-05-10
- 933
#1How do you hedge out money from one book to another?Tags: None -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#2no guarantees in this biz
Scalp-out if you can... doesnt matter if it's 1c for this purpose
take the largest FAV in the book you want your $$$ to end up in - cross your fingersComment -
NittanyLionsFanSBR MVP
- 10-26-10
- 2857
#3If you want all your money in 5dimes, put your entire bovada account on the Heat ML tonight. Put the appropriate amt on the Pacers ML in 5dimes. Guaranteed dick, rock solid dick. Ahhhh, doesn't that sound refreshing?Comment -
wantitall4moiSBR MVP
- 04-17-10
- 3063
#4ask the guy who tried doing that and got stiffed for like 80K he kept losing at the 'safe' book and building at the bad one, he actually emptied bank accounts and broke himself trying to shift it.Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#5WiA4M , almost happened to me with Yahoops - Ido was the MAN!!Comment -
stuntin909SBR Wise Guy
- 08-05-10
- 933
#6damn. sucks there aren't any sports with "heavy" money lines to arb my way out. will just try to scalp my way out, thanks guys.Comment -
stevexSBR Hall of Famer
- 05-02-10
- 5122
#7Am interested as well in the best method...Comment -
John DoughSBR MVP
- 09-21-05
- 1785
#8You can't guarantee you'll win at the "right book". Basic math.Comment -
HedgeHogSBR Posting Legend
- 09-11-07
- 10128
#9The premise is that you have to know which side will win so that you can bet it at 5-Dimes. If this were true, then why would you make the losing side of the "hedge" bet? Seriously, if there was a safe way to do this, I'd be trying to move my hopeless Cascade balance elsewhere.Comment -
k13SBR Posting Legend
- 07-16-10
- 18104
#10Better if you have futures that have good odds but almost no chance of cashing at the "bad" book and hedge away at the "good" book.Comment -
Emily_HainesSBR Posting Legend
- 04-14-09
- 15917
#11bet two team parlay and one book than opposite two team at other book that way you lock up .6 unit profit either wayComment -
rm18SBR Posting Legend
- 09-20-05
- 22291
#16This thinking is why the books are still in business, not saying bodog won't pay, but I remember people saying the same thing about scalping out cascade or WSEX money you are betting monopoloy money at one book and real at the other basically playing mind games.Comment -
FindTheLockSBR Hall of Famer
- 02-27-10
- 7194
#172 team parlay has 4 possible outcomes.Comment -
UntilTheNDofTimESBR Hall of Famer
- 05-29-08
- 9285
#18
Parlay 1: miami -1
Spurs -1
Risk 1/2.6
Parlay 2: miami -1
OKC +1....
Risk 1/2.6
If Miami wins you just risked 2.00 for a 3.60 return
If you just took Miami you would bet 2.00/1.84....3.84 returnComment -
Emily_HainesSBR Posting Legend
- 04-14-09
- 15917
#19You need to run the numbers again. You are way off!Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#20@ Emily
she has found the Holy GrailComment -
UntilTheNDofTimESBR Hall of Famer
- 05-29-08
- 9285
-
UntilTheNDofTimESBR Hall of Famer
- 05-29-08
- 9285
#23Simple math....next youll tell us you can bet both sides of a -110 line and guarentee yourself a profit.Comment -
GeeSBR MVP
- 04-08-10
- 4547
#24
Untildntme you are clearly wrong here. No idea what you are on about.
EH has this figured out. We can now smash the books. Pinny first I think, so I know I'll get paid.Comment -
LVHerbieSBR Hall of Famer
- 09-15-05
- 6344
#25Only guaranteed way is to cash out the money on bovada, sit around patiently waiting a month or so for the check to arrive, and then put in your 5dimes account...Comment -
UntilTheNDofTimESBR Hall of Famer
- 05-29-08
- 9285
#26OMG your right. I contacted a well known mathmatician to check my math. I didnt carry the 1 its so obvious. Im going to now make millions doing 2 team parlays.Comment -
goblue12SBR MVP
- 02-08-09
- 1316
#27If you're scalping between 5dimes and Bovada you're probably going to run up your balance at Bovada en-route to $30 limits.Comment -
rfr3shSBR Posting Legend
- 11-07-09
- 10229
#29Would be easier to go from 5d to bodogComment -
lukahhSBR Wise Guy
- 04-08-10
- 941
#30this is very dangerous thinking.
some people bet their money in risky books on long-shots and scalping out at safe books.
You should never forget: this is same as betting at safe books, with no scalp bet.
If odds are 10-1, you will lose very big in 10% of the cases.Comment -
grizzlies1SBR Wise Guy
- 02-17-11
- 726
#32Can someone explain for me the difference between scalping and hedging/arbing?
I have had some similar issues to the OP. I'm from the UK so things are a bit easier in general but for example I've deposited in a book because they had the best odds on something then once I've deposited the odds then change. I try to withdraw but they say you have to bet through you deposit before you can withdraw. I also had a nightmare with teambet recently as I made the mistake of accepting a bonus and to withdraw anything you had to rollover 3000 GBP within 30 days with a maximum of 100 GBP per bet and odds of 2.0 or better!
I've taken favorites at better books like Bet365 and then taken the dog at the book I want to get the money out of of in game for better odds than pre game and broke even or sometimes made a little profit. Only risk if is the heavy dog comes out the gate and has a lead all game...quite rare but you would be up shit creek if that happened!Comment -
djefferisSBR MVP
- 08-16-08
- 1206
#33Scalp is playing to lose. The incentive is a bonus or relative security of funds usually. You bet a vs b, a is -500 and b is +400. You hope a wins to clear funds from losing side. You lose the juice when betting equally, but only when a loses.
Arbitrage is betting both sides for a positive return ie a vs b, bet a +105 at shop 1 and b +104 at shop b. Guarantee a 4% return.
Keep scalping those -600 favorites with 5D, Tony loves guys who give him their roll in one quick hit when a dog wins.
Works great in theory, too bad sport doesn't follow theory. If it did the Yankees would have a lot more titles this past decade.Comment
Search
Collapse
SBR Contests
Collapse
Top-Rated US Sportsbooks
Collapse
#1 BetMGM
4.8/5 BetMGM Bonus Code
#2 FanDuel
4.8/5 FanDuel Promo Code
#3 Caesars
4.8/5 Caesars Promo Code
#4 DraftKings
4.7/5 DraftKings Promo Code
#5 Fanatics
#6 bet365
4.7/5 bet365 Bonus Code
#7 Hard Rock
4.1/5 Hard Rock Bet Promo Code
#8 BetRivers
4.1/5 BetRivers Bonus Code