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How do you hedge out money from one book to another?
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.
no 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 fingers
If 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?
ask 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.
WiA4M , almost happened to me with Yahoops - Ido was the MAN!!
damn. 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.
Am interested as well in the best method...
You can't guarantee you'll win at the "right book". Basic math.
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The 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.
Better 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.
bet two team parlay and one book than opposite two team at other book that way you lock up .6 unit profit either way
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what.Originally Posted by Emily_Haines
I am going to get rich doing this
How much profit do you make when each parlay has one winner and one loser?
Son, I'm a professional gambler.How much profit do you make when each parlay has one winner and one loser?
I ask the questions around here.
This 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.
2 team parlay has 4 possible outcomes.
You must be stupid...
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 return
You need to run the numbers again. You are way off!
@ Emily
she has found the Holy Grail
You risked a total of 2.00 for a maximum return of 3.60. If Miami loses your -2.00 if miami wins your +1.60. Your basically taking miami at -120 vs -110.
wtf
Simple math....next youll tell us you can bet both sides of a -110 line and guarentee yourself a profit.
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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.
Only 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...
OMG 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.
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.
If you're scalping between 5dimes and Bovada you're probably going to run up your balance at Bovada en-route to $30 limits.
Lets cash pal.
Would be easier to go from 5d to bodog
this 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.
Right. With that parlay system of yours, it's clear to me now. Can you show us all how to bet teasers for a sure profit, too.
Can 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!
Scalp 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.
A vs B
Find 'A' -146 lay it : Find 'B' +148 take it <--- many times you can find both at the same book from open to close
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