A person i know is in what seems like a very profitable situation. He has two sportsbooks who both offer him 10% back on losing weeks, no matter what. If he wins $1000 week 1, then loses $1000 week 2, he receives $100 back for his week 2 losses.
My question to you all is: How can he guarantee himself profitable weeks? He can bet any sport and horses, futures, props, parlays and teasers.
There are times where the two books have different lines but this is rare and doesn’t happen often enough to secure profits week in and week out.
If there’s any mathematician or veteran sports gambler who could offer some help, my pal would surely appreciate it.
Thanks all
0
To remove first post, remove entire topic.
Good Morning,
A person i know is in what seems like a very profitable situation. He has two sportsbooks who both offer him 10% back on losing weeks, no matter what. If he wins $1000 week 1, then loses $1000 week 2, he receives $100 back for his week 2 losses.
My question to you all is: How can he guarantee himself profitable weeks? He can bet any sport and horses, futures, props, parlays and teasers.
There are times where the two books have different lines but this is rare and doesn’t happen often enough to secure profits week in and week out.
If there’s any mathematician or veteran sports gambler who could offer some help, my pal would surely appreciate it.
Bet individual games, stay away from parlays. And do your research, there's information that can help make a more informed decision. Be consistent with your bets, don't bet $200 on one game and $500 on another. Don't chase, i.e., lose on Sunday, bet on Monday to "get your money back." 40 years of free advice
"I'm afraid all we may have done is awakened a sleeping giant."
2
@AceRothstein27
Bet individual games, stay away from parlays. And do your research, there's information that can help make a more informed decision. Be consistent with your bets, don't bet $200 on one game and $500 on another. Don't chase, i.e., lose on Sunday, bet on Monday to "get your money back." 40 years of free advice
If you only get 10% return on losses there is no strategy/combination that will guarrantee a profitable week unless he picks more winners then losers. You are thinking like a sucker.
0
If you only get 10% return on losses there is no strategy/combination that will guarrantee a profitable week unless he picks more winners then losers. You are thinking like a sucker.
Yes, you still have to pick winners, can't just arbitrarily pick. @ -110 I believe the break even point is 52.4 percent. If you can hit 3 out of 5 consistently you're in the black.
"I'm afraid all we may have done is awakened a sleeping giant."
0
@666LES
Yes, you still have to pick winners, can't just arbitrarily pick. @ -110 I believe the break even point is 52.4 percent. If you can hit 3 out of 5 consistently you're in the black.
The value is, and always will be (exclusive to the NFL) 'dogs' concentrate on the handicap; week #1 produced 8 dog WINNERS, 6 on the ML "listen to em' they bark every week" they're their, attached to the ultimate value of cappin' the NFL...WIN, have fun, enjoy yourself, or simply forget about it.
have a pro$perous season
0
@AceRothstein27
The value is, and always will be (exclusive to the NFL) 'dogs' concentrate on the handicap; week #1 produced 8 dog WINNERS, 6 on the ML "listen to em' they bark every week" they're their, attached to the ultimate value of cappin' the NFL...WIN, have fun, enjoy yourself, or simply forget about it.
So my friend has been making money when the lines are different. For example he has a bet tonight on total bases on a player, Over 1.5 +152 and under 1.5 -150. This is a $500 bet on each account. So if this is his only bet for the week, he is guaranteed $50 profit or $60 profit depending which side cashes due to his 10% back.
I think some of you missed the point or maybe i worded it in a confusing manner,
what are some ways to get the bets to essentially offset each other and cash in on the 10%, besides finding the rare arbitrage opportunity.
0
So my friend has been making money when the lines are different. For example he has a bet tonight on total bases on a player, Over 1.5 +152 and under 1.5 -150. This is a $500 bet on each account. So if this is his only bet for the week, he is guaranteed $50 profit or $60 profit depending which side cashes due to his 10% back.
I think some of you missed the point or maybe i worded it in a confusing manner,
what are some ways to get the bets to essentially offset each other and cash in on the 10%, besides finding the rare arbitrage opportunity.
Very very very ?? advice my friend! Don't go on TILT after a few losses, 110% correct don't chase. Do u have any games u like today my friend? I'm in desperate of a couple of winnin picks/bets bcuz I've been losing my ass off lol smh! UCF & Maryland did me so dirty last night ?? ?? Fml ?? ??
0
@mrusso
Very very very ?? advice my friend! Don't go on TILT after a few losses, 110% correct don't chase. Do u have any games u like today my friend? I'm in desperate of a couple of winnin picks/bets bcuz I've been losing my ass off lol smh! UCF & Maryland did me so dirty last night ?? ?? Fml ?? ??
Disregard those question marks b/c I was trying to use some pissed off emojis & the smh head emoji & it just pops up all of these ?????? Smh whack af lol. Who do u like today my friend??? Please hook up a fellow sportsbettor, pretty PWEASEEEEEE lol. I'm dead serious tho, hook me up pretty please good sir! Stay safe & God bless friend.
0
@mrusso
Disregard those question marks b/c I was trying to use some pissed off emojis & the smh head emoji & it just pops up all of these ?????? Smh whack af lol. Who do u like today my friend??? Please hook up a fellow sportsbettor, pretty PWEASEEEEEE lol. I'm dead serious tho, hook me up pretty please good sir! Stay safe & God bless friend.
You bet $11,000 to win $10,000 on team A at 1 book, then you bet their opponent at the other book for the same. You win $10,000 at 1 book and lose $9900 at the other book ($11,000-1100 refund = $9900).
So that's $100 a week profit guaranteed. Find a game with 1/2 difference. Maybe you get a push and a win every so often.
0
Seems like you win no matter what.
You bet $11,000 to win $10,000 on team A at 1 book, then you bet their opponent at the other book for the same. You win $10,000 at 1 book and lose $9900 at the other book ($11,000-1100 refund = $9900).
So that's $100 a week profit guaranteed. Find a game with 1/2 difference. Maybe you get a push and a win every so often.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on
this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide
any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in
your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner
of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.