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Topic: Is there a way to create a perfect hedge in sports betting? (Read 1016 times)

legendary
Activity: 2014
Merit: 1028
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newbie
Activity: 38
Merit: 0
Thanks for replies Wink
legendary
Activity: 1512
Merit: 1000
With all the prop bets, multiple, alternate and money line bets on sporting events. Would it be possible to create a perfect hedge? whereas you would create a situation through the use of the different types of bets that can be placed and  make it so regardless of the outcome you could make a profit?

Of course there is. Buy some shares of the betting companies what you using.
legendary
Activity: 1218
Merit: 1003
Sometimes on betfair the market is overbroke so you could hedge perfectly. Usually it is only a very small margin and for a small amount, but it can happen.
legendary
Activity: 1043
Merit: 1032
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With all the prop bets, multiple, alternate and money line bets on sporting events. Would it be possible to create a perfect hedge? whereas you would create a situation through the use of the different types of bets that can be placed and  make it so regardless of the outcome you could make a profit?

I think you could arbitrage with different bookies every now and then to get a perfect hedge. But not with the same place
hero member
Activity: 812
Merit: 1000
Can you hedge your parlay bets on the same sportsbetting website though? Say all you need to win is the last leg of the parlay?

Yep, done it multiple times.

You can also hedge normal bets if the line moved enough after your bet, just like it does in live betting. But the % of gains is miniscule and its mostly a waste of time.

Heding last leg of the parlay though is pretty smart&standard.
legendary
Activity: 2604
Merit: 1036
Can you hedge your parlay bets on the same sportsbetting website though? Say all you need to win is the last leg of the parlay?
hero member
Activity: 980
Merit: 1000
www.DonateMedia.org
There is a list of sure bets here:

http://www.oddsportal.com/sure-bets/

For example for the 'Balashikha - Orsk' match, bet over 5.5 on Fortuna and under 5.5 on 1xBet for a 7.5% guaranteed profit.

Of course there is more to it.
hero member
Activity: 1316
Merit: 503
With all the prop bets, multiple, alternate and money line bets on sporting events. Would it be possible to create a perfect hedge? whereas you would create a situation through the use of the different types of bets that can be placed and  make it so regardless of the outcome you could make a profit?

The people who set up these sites hire mathematicians to make sure something like that doesn't happen. If you somehow find a loophole, then you're a genius.
legendary
Activity: 1330
Merit: 1000
With all the prop bets, multiple, alternate and money line bets on sporting events. Would it be possible to create a perfect hedge? whereas you would create a situation through the use of the different types of bets that can be placed and  make it so regardless of the outcome you could make a profit?

It's obviously impossible due to house edge, even if you use different bookies.

Bonuses, rakeback and difference of odds make this possible.  They are rare but they do exist.
hero member
Activity: 980
Merit: 1000
www.DonateMedia.org
With all the prop bets, multiple, alternate and money line bets on sporting events. Would it be possible to create a perfect hedge? whereas you would create a situation through the use of the different types of bets that can be placed and  make it so regardless of the outcome you could make a profit?

It's obviously impossible due to house edge, even if you use different bookies.
It's not fully impossible, there are opportunities where you could arbitrage plenty.
hero member
Activity: 980
Merit: 1000
www.DonateMedia.org
With all the prop bets, multiple, alternate and money line bets on sporting events. Would it be possible to create a perfect hedge? whereas you would create a situation through the use of the different types of bets that can be placed and  make it so regardless of the outcome you could make a profit?
Not all at once on the same bookie. You could arbitrage between different online books, or you could hold onto the favorite early and then make a hedge with the underdog near the start of the match.
newbie
Activity: 38
Merit: 0
With all the prop bets, multiple, alternate and money line bets on sporting events. Would it be possible to create a perfect hedge? whereas you would create a situation through the use of the different types of bets that can be placed and  make it so regardless of the outcome you could make a profit?
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