Middle and Arbitrage Bets
There are other strategies that involve differences in the lines on the same event at different books. One bet is a called a "middle", which is when a player finds two books that offer different point spreads for the same event. They will bet the more favorable spread at both books, and if the final score falls between the two, the bettor will win both bets. On the other hand, if the total falls outside of the range of the "middle" the bettor only loses a small percentage of a bet (the "juice" or "vig" taken by the house).
For example, Book 1 has Team A as a 3 point favorite, and Book 2 has team B as a 3 point favorite. If a player bets Team B at Book 1, and Team A at Book 2, he will win both bets if either side wins by 2 or less points, and will win one bet and push the other (known as a "side") if either team wins by 3 points.
Another strategy, known as arbitrage, or an "arb" or "scalp", involves finding different moneylines for the same event. In this case, the bettor will bet the more favorable line at both books, and have a guaranteed profit. For example, if Book 1 considers Team A to be worth +200 (2 to 1 underdog), and Book 2 considers Team B to be worth +200, a bettor can bet Team A at Book 1, and Team B at Book 2, and guarantee a 100% profit. This is a no-risk bet, as the player is guaranteed a profit no matter the result of the game.
Read more about this topic: Handicapping
Famous quotes containing the words middle and and/or middle:
“There is singularly nothing that makes a difference a difference in beginning and in the middle and in ending except that each generation has something different at which they are all looking. By this I mean so simply that anybody knows it that composition is the difference which makes each and all of them then different from other generations and this is what makes everything different otherwise they are all alike and everybody knows it because everybody says it.”
—Gertrude Stein (1874–1946)
“The Jews always complained, kvetching about false gods, and erected the
biggest false God, Jehovah, in middle of western civilization.”
—Allen Ginsberg (b. 1926)