Why don't people bet on both teams?

It can be difficult to find the right sportsbooks. Betting on both teams requires at least two different sportsbooks and the right (rare) opportunities. Everything has to be just right, and the sportsbooks need to be legit.

zensports.com - Can You Make Money Betting on Both Teams? - Zensports

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Can You Bet on Both Teams in Sports Gambling?

Many sports bettors wonder if they can bet on both teams. The answer is …

… yes, but it depends on the circumstances.

Betting on both teams (also called arbitrage betting or middling) can result in the bettor making a profit — regardless of the outcome — by placing one bet per each outcome (and with different betting companies).

Again, the conditions must allow it.

Arbitrage betting arises when bookmakers have different opinions on the outcome of a sports event. It’s the most talked-about when learning about betting on both teams, so we’ll focus on arbitrage betting here and compare it to middling in a bit.

So stick with us.

The right condition (which can be rare) would provide the odds being so far apart that you can bet and win regardless of the outcome.

Let’s look at an example:

Say you bet $100 on the Cardinals at +110 against the Cubs with one sportsbook. You’d profit $110 with a win. Simultaneously, another sportsbook lists the Cardinals at -105 and the Cubs at -105.

Can you make money betting on both teams?

You can bet $105 on the Cubs to win $100 and guarantee either a break-even or $5 profit. Note that these arbitrage bets are more often available to bettors wagering on opening lines, and that they quickly disappear.

Arbitrage bets require:

Shopping around

Using multiple sportsbooks; and

A decent knowledge of betting.

ZenSports takes the guesswork out of betting (for betting pros or rookies) and gives you the most choices of any sports betting app out there, getting rid of the need for a middleman sportsbook. Bet against the house, create your own bets against others in our marketplace, or bet with your friends.

What Happens if You Bet on Both Teams to Win?

When you bet on both teams to win (arbitrage betting), you are guaranteed to win one of them and go 1-1.

How much you win, and continue to win, depends on:

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