Do books allow hedging against a futures bet?

sharpcat · 08-11-10, 06:20 PM

This should be done through separate books.

Books likely won't say anything but it is a good way to get your limits cut and probably an inconvenient processor delay when you come looking for a cashout.

Chopsticks · 08-11-10, 06:24 PM

I would just ask if you need to use the same bookie to do it. The best thing would be to go elsewhere.

I know someone said Carib has a weird hedging rule, but not sure how they treat hedging of futures like you want to do.

Hareeba! · 08-11-10, 06:31 PM

Use an exchange ... you'll get better odds and they welcome rather than frown on traders

HauntingTheHoly · 08-11-10, 06:33 PM

Originally posted by Hareeba!

Use an exchange ... you'll get better odds and they welcome rather than frown on traders

Sounds interesting but I suppose I'm a bit of a newb. I'm really a poker player who just uses Bodog for sports bets, which are seldom.

Can you tell me more about exchanges? I've not heard of them.

Hareeba! · 08-11-10, 07:09 PM

Originally posted by HauntingTheHoly

Sounds interesting but I suppose I'm a bit of a newb. I'm really a poker player who just uses Bodog for sports bets, which are seldom.

Can you tell me more about exchanges? I've not heard of them.

Exchanges differ from traditional bookmakers. They are simply the middlemen between two (or more) punters with opposing views, earning a commission on the action. Like a stock exchange for sports and racing bets.

Betfair is by far the largest in the world but they don't accept US players.

Matchbook is the only real alternative for US players but they have limited liquidity on non US sports.

skrtelfan · 08-13-10, 06:58 PM

I'd be inclined to think a lot of books wouldn't even notice that you bet a future on one team and their opponent in another game.

HedgeHog · 08-13-10, 08:45 PM

Not to worry. Most Books could care less if you're hedging a future--they figure to make the vig regardless.

abcc8048 · 08-14-10, 01:49 AM

There is absolutely no problem to bet like that, i always try hedging at asian books.

mtneer1212 · 08-14-10, 02:22 AM

Use two different books...... easy solution.

SpiderMonkey · 08-14-10, 07:59 AM

Originally posted by HedgeHog

Not to worry. Most Books could care less if you're hedging a future--they figure to make the vig regardless.

^yep

Bill Dozer · 08-14-10, 02:24 PM

Originally posted by HedgeHog

Not to worry. Most Books could care less if you're hedging a future--they figure to make the vig regardless.

If your buying and selling at the same book on a same-day event they shouldn't care it all. You are either too sharp for them or your not...in or out. But that bet shouldn't matter. As Chopsticks mentioned it does at Carib which is because their software is old.

With Futures, an all-comers sportsbook doesn't care. With a recreational book, they likely won't even realize what you are doing. If they were that on top of things, they'd figure it out and want to take the bets anyways.

HedgeHog · 08-14-10, 02:32 PM

Thanks for the heads-up on Carib, Bill. I have never played there, but I have an account due to a previous SBR contest. I think I'll make a deposit there for FB.

gags · 08-22-10, 08:58 PM

Yeah it's not a problem, I do it at the same Books.

Bill Dozer · 08-23-10, 10:57 PM

Originally posted by HedgeHog

Thanks for the heads-up on Carib, Bill. I have never played there, but I have an account due to a previous SBR contest. I think I'll make a deposit there for FB.

You're welcome. They have some unique lines for the shopper.