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There are countless betting strategies that seem to provide a legitimate means of beating the market and turning a consistent profit. Middling is one such strategy, but does it actually work? Middling is a betting strategy that aims to exploit differential pricing between bookmakers or future line movements. It could be considered the Real Fixed Odds market equivalent of statistical arbitrage, a trading strategy employed in financial markets.
This article explains what middling is, and how you can profit from implementing this simple strategy. We can use a practical example to understand how middling works. Bookmaker A is quoting a game total of A middle is created for totals of , , and If the total lands on any of these numbers, the bettor will win both bets. The worst case is losing one, and winning the other. Manipulated football betting fixed matches is the way to go for people serious about betting.
On this basis it might be reasonable to argue that gambling represents an irrational behaviour. One specific example of the above involves the Possibility and Certainty Effects where decision makers overweigh and underweigh the probability of unlikely and near certain events respectively. Our inability to judge probabilities correctly is but one of many cognitive biases that we experience and which lead us astray from rational decision making.
