Guaranteed Profit Betting
There are people that bet sports to have fun. They wager little money and just do it for enjoyment. Then there’s people who bet on sports to make money. Those people should listen up on how to guarantee a profit. Here at Doc’s Sports we have been the experts in the field for 50 years. Here are some notes on guaranteed profit betting.
How to Guarantee a Profit
There are many different ways to guarantee profit in sports betting. The most popular way is to arbitrage, but there’s also strategies called hedging and middling.
Sports Betting Arbitrage:
If you would prefer a risk-free bet, then arbitrage is for you. To do this, you must have two sports books and bet on the opposite sides. Again, you have to use two separate books.
Every site has different lines, and each book will change their lines according to how they want their bets to wagered.
This allows you the opportunity to arb. First, you will bet on the underdog with plus (+) money and put a unit on that bet. Secondly, you would use the positive + money from the fist bet. Then you’d make your second bet, which would be on the favorite.
So again, you’re going to do a positive line + money line for the first bet and then take the negative money line and calculate.
For example, if the San Francisco 49ers were +125 but their opponent, the Seattle Seahawks were -110 at another book, you could get the arbitrage calculator out. Use one unit for the first bet at +125 and then the second bet at -110 you would bet 1.18 units on -110.
If you were to bet 2.18 units on these two games, you would guarantee a profit of .07 units or 3.28 percent guaranteed return on investment.
The reality is, you can’t lose anything when doing this. If you were to bet $10,000 on the first wager and $11,785.71 on the second wager, you’d profit $714.29 without any risk whatsoever.
Of course, some sportsbooks limit you on how much you can wager on a certain game. Make sure that both books allow a wager that high before pressing submit.
If you see two teams at a pick’em price at one book, there’s a chance that you can find plus (+) money on both teams. If you’re able to find plus money on both sides, that is also a riskless bet and a guaranteed profit.
Hedging can be a bit confusing for the beginner. Hedging is a betting strategy where you end up placing a second wager against your first bet when you’re not feeling too great about that first bet. One scenario where a bettor will hedge is in the middle of games and live bet when their feelings shift on a game because of certain outcomes early.
Hedging is also used if a bettor has a parlay with one leg left. Because they’ve hit all of their parlay legs, instead of going all-in, they’ll make sure that they take home at least some profit.
Middling is used when live betting to place wagers on different sides of the same game. In the NBA, the game is all about runs. Teams can be up 30 and then up by 10 minutes later. You can middle through live betting and potentially win both sides of your bets.
Before the game, you can take the Los Angeles Lakers to win -10. Then as the game continues and the Lakers up 25, you can take their opponent, for example, the Phoenix Suns at +25.
If the Lakers win by 11 or 24, you’d win both bets. With the Suns +25, and the Lakers -11, whatever outcome happens, guarantees you can’t lose money. If the Lakers only win by 9, you would still win the Suns bet at or around even money.
Middling is best used in NBA or College basketball, because basketball is such a quick paced game where you can see ridiculous jumps in spreads and over/unders. I highly recommend middling in basketball games when live betting if you’re up for the challenge.
Make sure to pick a game where you believe, or your stats show, that there will be multiple runs in a game. Live betting basketball can really help bettors profit with so many different runs in a game.
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