Scalper
sports bettingIn the context of betting, a scalper is a type of bettor who engages in arbitrage, which is the practice of placing wagers on all possible outcomes of an event across different bookmakers to guarantee a profit, regardless of the result. They exploit discrepancies in the odds offered by different sportsbooks.
Key Takeaways
- 1In the context of betting, a scalper is a type of bettor who engages in arbitrage, which is the prac
Scalper
In the context of betting, a scalper is a type of bettor who engages in arbitrage, which is the practice of placing wagers on all possible outcomes of an event across different bookmakers to guarantee a profit, regardless of the result. They exploit discrepancies in the odds offered by different sportsbooks.
Example
The scalper noticed that one bookmaker had the Yankees at +150 while another had the Red Sox at -140, creating a small but guaranteed profit opportunity.
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