Quote:
Originally Posted by dimon
NBA game middle of 2.5 points odds are -120 and (-110 to -115)
Should be very close game...taking into consideration of the worst case scenario max loss seems to be right at 8.5% of the bet...
any suggestion on how to improve such scenario maybe?
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First, I don't know what the qualifications are to be considered a "sharp" but I will give you an idea of how I do this combined with live wagering. The timing of this question is perfect because I used this idea successfully in last night's ECU/VaT football game.
I noticed that there were multiple lines of -11.5, -12.5 and -13.5 for VaT with -13.5 going to be the live wagering line. I thought that VaT had a good chance of scoring early on ECU so I offered the following:
11 units @ -110 to win 10 units @ -11.5
9.43 units @ +106 to win 10 units @ -12.5 and
8.77 units @ +114 to win 10 units @ -13.5
All offers were accepted. I now had 29.2 units wagered to win 30 units. This represented approx 10% of my bankroll but I had no intention of letting these wagers ride without hedging the other side. If VaT performs as I expect, I should be able to cover with ECU for a guaranteed profit and still have the middle opportunity. If VaT does not perform as I expect, I will have to cover with ECU for a "guaranteed" loss but I will still have the middle opportunity that will wipe away that "guaranteed" loss and give me an overall win.
As the game progressed, I scaled out of my position and ended up with an average of +124 +13.5 on ECU for 26.46 units to win 32.75 units.
I now had the following set-up:
If VaT wins by 14 or more, I win 3.54 units
If VaT wins by 13, I win 43.98 units
If VaT wins by 12, I win 24.55 units and
If VaT wins by 11 or less or loses, I win 3.55 units.
Last night I got lucky and VaT won by exactly 13 and I had a 43.98 unit win or an approx 15% increase in bankroll.
Hope that gives you an idea to use. Joe.