Sports betting futures trading

Which team will win the Super Bowl, Stanley Cup, World Series, National Title etc, are great examples of this, while which team wins the division, who will win the Cy Young, and which NFL head coach will be fired next are other examples. The first thing you need to understand about future betting is that the odds vary greatly from site to site. To illustrate this, here is a snapshot of the odds from November 25, on three different teams winning the Super Bowl:.

Most future bets are made by sports fans interested in backing their favorite team or player over the course of the season. Professional players avoid this wagering option due to the massive juice built into lines. The challenge is that with 32 different options on which team will win the Super Bowl, it is near impossible for the bookmaker to balance action.

While these runs are rare, and bookmakers do profit well on futures, they still need to protect themselves.

Betting Exchanges – Sports Insights

While juice is still high at many betting sites, a handful of betting sites now operate on risky margins. The leading site by far for Super Bowl and other championship markets is 5Dimes. Their closest competitors are www. A recent study on getting the best Super Bowl winner odds with limited line shopping showed the following combinations as the most profitable:. Sign up at 5Dimes.

Doing our own research using only Super Bowl future odds on November 25, , we shopped all 31 teams who still have a chance at winning the Super Bowl at four sites: We took the best odds on each team, put them into a spread sheet and did some calculations.

How it turned out when using those four sites combined is that a sports bettor could bet every single team balanced properly and expect only 6. This means that thanks to the Internet, when line shopping is used the odds in future betting are far better than ever before. Their odds are a follows:. The first step in calculating juice is to find out how often each team needs to win on average to break even at their current betting line.

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The math to calculate this is risk divided by return. The reason it does at the moment is because juice is still included in the betting lines.

The results are as follow. These new figures are called the no-vig win probabilities. Remember, the first step to removing juice is calculating the required break even percentages of each team. This figure is what Bookmakers refer to as the overround. I just went shopping at a dozen sites for odds to win the NFC west.

After research, I found the best price on one of the teams on these three sets of betting lines. Bookmaker Use bonus code THEGEEK when signing up:. The betting option at TheGreek covers both teams.

If either team wins the division, the bet is a win; otherwise, it is a loss. Doing this I get:. Add these together and the overround is Here we have an arbitrage opportunity. We can bet all three of these lines in such a way that no matter which team wins we have a profit.

Once again, two points will clarify. First, this is a true, real life example; at the exact moment I am writing this article, all three of these bets are available. Next, convert these probabilities into moneylines and bet any option that exists which is better than the moneyline that you calculated using the cumulative market price.

As I mentioned earlier, conventional wisdom suggests future bets are often much worse than manual parlays, due to higher juice in future markets. In todays market, if you shopped just four sites: The advice is still not entirely outdated. Many times manual parlays are still better. To get an idea of how this is so, I suggest reading this January article: Pinnacle Pulse Issue Just remember that some of the material is outdated, but it is still a great read, and the concept and the math still apply.

Keep in mind, the absolute must have site for future betting is www. I hope the information contained in this article was valuable to you, and I wish you and the teams you back the best of luck this betting season. Other Advanced Sports Betting Strategy Articles: I am trying to follow along and understand how you come up with a guarenteed 8. When you initially pick your starting odds, do you pick the best odds from any site or do you take odds from one site.

You chose to pick odds from Bovada only.

Do you bet How did you decide to bet the amounts you did? In the first example I was simply showing how to remove vig from a line, at a single site. Later got into more about why line shopping was important. TheGreek was offering a single bet which included both teams.

Future Betting Strategy

If either team wins the bet is a win, if neither team wins it is a loss. In this particular example there was an arbitage. Can google search from abritage calculator to figure this out.

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To illustrate this, here is a snapshot of the odds from November 25, on three different teams winning the Super Bowl: Future Betting is a Recreational Bettors Market Most future bets are made by sports fans interested in backing their favorite team or player over the course of the season. A recent study on getting the best Super Bowl winner odds with limited line shopping showed the following combinations as the most profitable: Their odds are a follows: Doing the math on each team, we end up with the following required break even percentages: Bookmaker Use bonus code THEGEEK when signing up: Doing this I get: Orioles MLB Pick — June 21st The Cleveland Indians and Baltimore Orioles meet for the second time in two days, as they continue their series at DraftKings MLB Picks — June 20th We have a jam-packed Tuesday night of MLB action ahead of us!

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