Scalping Moneyline Bets
by Jerald of Predictem.com
How to Scalp a better price on your MLB favorites
I was examining the daily baseball lines today and noticed an interesting situation that I thought was worth speaking about. I noticed that one of my betting outlets was listing a higher price on the underdog than most other shops. I thought that this would present a great opportunity for some free money with a scalp. Let me explain quickly what a scalp in sports betting is for those that are unfamiliar with this tactic and then we will see if there is an even better way to use this to our advantage.
The basic concept of a scalp is to find an underdog that will pay off a higher amount than the price it costs for a losing wager on the favorite. Here are the lines for our example:
Sportsbook A had listed the Atlanta/Chicago game as:
Sportsbook B had listed this offering:
This provides a chance to win money in with no risk by betting the following:
At Sportsbook A you would place a wager on Atlanta at +170 in the amount of $100 to win $170. Wager #2 would be a bet at Sportsbook B on Chicago at a price of -155 in the amount of $155 to win $145. If Atlanta wins you will collect $170 from Sportsbook A and lose $155 to Sportsbook B for a profit of $15. If Chicago wins you will lose $100 to Sportsbook A and win $100 from Sportsbook B for a break even result.
In order to win this bet you will need to have an underdog win if you are betting an equal amount. However, letís say you like Chicago in this game and you want to bet them. Letís see how we can use these line differentials to our advantage.
Letís assume that my normal wager is $50/unit. If I wanted to bet Chicago and I was a diligent line shopper I would bet at Sportsbook B and would have to lay $77.50 to win $50. However, if I want to use these line differences I can decrease my risk. The 1st bet we will make is to bet $100 at Sportsbook A on Atlanta to win $170.
Our 2nd wager will be at Sportsbook B on Chicago in the amount of $232.50 to win $150. If Chicago wins we will lose $100 to Sportsbook A and collect $150 from Sportsbook B for a net win of $50. If Atlanta wins we will collect $170 from Sportsbook A and lose $232.50 to Sportsbook B for a net loss of $62.50.
What we have done is lower our intial risk to where we are risking $62.50 to win $50 at a price of -124. This allows us to play the favorite at a reduced price.
This process is also commonly known at sports arbitrage.
Intertops - One of the biggest bookies on the web! In business since the 80's, you win here, you get paid! See site for current bonus promotions!
Bovada - Bet sports, play poker, wager on ponies and gamble in their casino all from the same account. Voted fairest online casino on the web!
5Dimes - Biggest teasers and parlays found on the web! Bet on games at -105 odds instead of -110! Move the line 20 points in foots and 16 in hoops!
Progressive Parlays - You can lose a few picks and still get paid!
Line Shopping - You price compare at the store? Why not for odds?
Increase Your Odds of Winning - Improve your odds of figuring out who will beat the spread by employing a few simple steps!
How Much You Should Bet on Games - You can never receive enough lessons about bankroll management!
Tips to Winning - Tracking, lack of discipline, playing too many games, chasing losses and not properly handicapping a game are just a few mistakes that novice bettors make.
What is Vigorish? - We have an answer for the much asked question.
How I Became a Professional Sports Bettor - The Crazy Snake talks about how he was born into gambling.
Gambling Quotes - Some of the more popular sayings you'll hear.