Tag: Risk Management
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Understanding Highly-Correlated Bets in Sports Betting
Welcome to the world of sports betting, where strategy meets mathematics! Today, we’re diving into a topic that often confuses bettors: what to do about highly-correlated bets. If you’ve been betting for a while, you might have noticed that certain games generate a cluster of betting opportunities. This is especially true when the market is…
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When Data is Not Enough: Making Quick Sports Betting Decisions
Photo by Campaign Creators on Unsplash In the fast-paced world of sports betting, sometimes the best opportunities come out of nowhere. Recently, during a live stream, we encountered a situation that perfectly illustrates this concept—a 20% expected value (EV) play that required quick decision-making and a bit of intuition. The Importance of Quick Decision-Making While…
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When a Bet Seems Too Good to Be True
We’ve all been there. You see a betting opportunity that looks so good you can hardly resist. But before you dive in, let’s take a moment to think it through. Sometimes, the best decision is to walk away, especially when the line screams “error.” This is a classic case of being cautious and making sure…
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An Overlooked Risk of Arbitrage Betting
Today, let’s dive into the world of arbitrage betting. You might have heard of it before, and while it can seem like a surefire way to lock in profits, there are nuances that can catch even seasoned bettors off guard. This morning, during my live stream, I encountered a situation that perfectly illustrates the potential…
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Understanding Arbitrage and Hedging in Sports Betting
Today, we’re diving into a topic that often gets misunderstood in the positive expected value (EV) gambling circles: hedging and arbitrage. These concepts are closely intertwined, and it’s crucial to grasp their implications for making smart betting decisions. Let’s start with arbitrage, as it’s relatively straightforward. Imagine you find two sportsbooks offering different odds on…