Category Archives for hedge betting
Go Arb Yourself!
How to makes some quick scratch by easily identifying an arbitrage opportunity.
As many of you know, sports gambling arbitrage can be a risk-free proposition to make a some scratch. Will you be able to stop working and do this for a living? Probably not. But, sure bets are a fun way to beat the bookies at their own game. As a reminder, arbing or sure bets are when the odds for a particular event are different enough at two different bookies that you can place a wager on each side of the bet and make a small profit regardless of the outcome. Two of the better companies at identify arbing opportunities are
Rebel Betting (Free 15 day trial)
Bet Burger (Free sure bets up to 1% ROI)
In the below post, we walk through how you can identify your own arbs quickly and somewhat under the radar. If you’d rather watch a video on how it’s done check it out below:
Most bookies offer promotions. These promotions vary. They could boost your parlay odds, offer parlay insurance, odds boosts and single game percentage increases. To arb yourself, you will occasionally see single game odds boosts. Draftkings is great at offering these boosts. Lately, with college basketball heating up, we’ve seen a lot of “Clash on the Courts” boosts. These boosts offer 50% increase in odds. For example, on Feb 6, 2024, Ole Miss is playing at U. Of South Carolina (“SC”). The moneyline at Draftkings is
Ole Miss +136
SC -162
So, if you apply the 50% boost token to SC, it changes their moneyline odds from -162 to -112. Since the odds are -160, Draftkings gives you 50% of 100 or 50. So, -162 + 50 = -112.
Draftkings like all bookies will limit the amount you can bet on promotions. This type of bet usually has a $10, $25, $50 or $100 bet limit. $25 is the most common limit. Now, the bet is
$25 on SC at -112 odds. So, 25 makes $22.32
How do we know there is an arb opportunity? Since the boosted odds on SC are -112 and at draftkings the odds for Ole Miss is +136. We can place an immediate bet on Ole Miss and make money.
WARNING! With a boost don’t place an immediate bet on the other side at the same bookie. That’s a BIG NO NO!
So, we go look at other bookies. I checked FanDuel’s odds and a stroke of good luck, the odds for Ole Miss are +142 which is even better than draftkings.
Now, for some trial and error. We need to figure out the amount to bet to make a sure bet. If we place a $25 bet that makes $35.50 on Ole Miss, then if SC wins, we will lose money ($25 loss on Ole Miss less a $22.32 gain on SC equals a $2.68 loss.
If we place a $15 bet that makes $21.30 on Ole Miss, then if Ole Miss wins, we will lose money ($25 loss on SC less $21.30 win on Ole Miss equals a $3.70 loss.
So, somewhere between $15 to $25 on Ole Miss will help us find the sweet spot. In this scenario, if we place a $19.55 bet that makes $27.76. Then, we have a perfect arbitrage position.
If SC wins, we win $22.32 on SC and lose $19.55 on Ole Miss which makes us a net $2.77 profit.
If Ole Miss wins, we win $27.76 on Ole miss and lose $25 on SC which makes us a net $2.76.
While the win amount isn’t huge dollars, sometimes it is good to just take the win. This is especially true on a game that you have no idea of the outcome. So, you might as well make a couple of bucks of the promotion to help fund other bets.
As always, arbing, sure bets and gambling is for fun. Please play responsibly and never chase your bets. As a follow up to this article, BetSlayer is showing how to arb yourself with a “goal in the first ten” or GIFT.
I hope you enjoy these tips on maximizing your return at the bookies. Remember gambling is supposed to be fun. Always play responsibly. Never get in over your head or bet money you aren’t willing to lose.
Let me know if you have any questions in the comments.
Keep coming back to BetSlayer as we will have more videos.
What is Hedge Betting
Hedge betting is a great betting strategy that enables you to get a profit whatever the end result of the event is. This guide will give you some more information on how to hedge your bets and strategies of hedging that can lock in profit.
What is Hedge Betting
Hedge betting is the betting technique which takes advantage of movement in odds, you place two bets on the same event. Many people that hedge bet use betting exchange markets as they let users lay bets. The term lay bets means that you’re betting on something not to happen in the event. You should back the higher odds and lay for the lower odds, this is where you start to make some profit.
This type of betting acts as a comfort blanket as there is no worry about losing money and your bet not coming in. It also is a betting technique that you can cut your losses. On the odd occasion you may place a bad bet or the odds don’t move the way that suits you. If you’re looking to get into betting, you need to be aware that you are going to lose sometimes, it’s part of the process. Although, you can reduce the loss by placing a lay bet close to the original odds, this will decrease the loss significantly.
So… How to Hedge Your Bets
Hedging is an extremely adaptable betting strategy. There are occasions when you have to hedge your bets quickly and sometimes it may be weeks possibly months before you need to start hedging. This depends on whether you are hedge betting in-play or over a long period of time e.g. World Cup.
The Difference Between Arbitrage Betting & Hedge Betting
The main difference between hedge betting and arbitrage betting is the way that each strategy is used. Arbitrage betting is where you place two alternative bets on different outcomes at the same time. It is only used when there is a variance between odds being offered by different bookmakers creates a arbs betting opportunity. Whereas Hedge Betting, is where you places further bets on different results following the original bet that is placed. This kind of betting strategy is usually used following a change in odds.
An Example of Hedge Betting
Let’s say for example, you bet £50 on Sweden to win Euro 2020 at 40/1. If they got to the final of the tournament against Portugal you would be on the cupse of winning £2,000. Sweden would still be a massive outsider to win the tournament and Portugal would be expected to win. If Portugal wins, this would leave you with a £50 loss.
| Stake | Odds | Profit | Losing stake | Net Profit | |
| Sweden Win (original bet) | £50 | 40/1 | £2,000 | -£1.150 | £850 |
| Portugal Win (Hedge bet) | £1,150 | 4/5 | £920 | -£50 | £870 |
Although, you could hedge your bets and back Portugal to win. If Portugal wins the game and the tournament, a £1,150 bet would give you a profit of £920 less your original £50 stake in Sweden leaves you with a net profit of £870 . If Sweden wins, your original £50 bet would give you a profit of £2,000 less your £1,150 Portugal hedge leaves you with a net profit of £850. It’s important to remember to bet on Portugal to lift the trophy and not to win in 90 minutes. A draw would wipe this bet out.
In the above example, you have lots of room to play around with your hedge. If you want to win more money on Portugal, you can increase your Portugal hedge. For example, you could bet £1,500 on Portugal to raise the cup which would result in a net profit of £1,150 (£1,200 (Portugal win) – £50 (Sweden stake)). Or conversely, you could go for a big win for Sweden and do a small hedge on Portugal. It’s really up to the punter. But, the key to hedging is locking in a profit.
Overall Hedge Betting is an effective strategy and it has proven that you can win some serious money. One thing to always remember with this betting strategy is weighing up the risk and reward. You don’t want to be overly cautious and and implement hedging that reduces your profit.
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