How Bookies Make Money off Final Four
The 2019 NCAA Men’s College Basketball Championship Final Four is here.
For sports betting handicappers, the Final Four is the second most wagered upon event of the year after the Super Bowl.
Although only two games are played on Saturday with the championship game on Monday, college hoops bettors stand to make some dollars.
3 Ways Pay Per Head Agents Make Money on the Final Four
So to do the online bookies who provide wagering services. Check out three ways online bookie per head agents are going to make money on the 2019 Final Four.
Final Four Championship Futures Betting
The odds right now favor the Virginia Cavaliers at +150 followed by Michigan State at +160, Texas Tech at +475, and Auburn at +750. All four teams should attract plenty of action. The key for agents will be to use their pay per head tools.
No matter which team bettors prefer in their sportsbooks, agents will use the mass editing tool to set max betting limits on their players. A players that might want to wager $1,000 on Virginia at +150 could discover that they can only wager $500.
By doing so, bookie agents are able to manage future betting action.
Straight Wagers on Final Four Semifinal Games
Straight wagers on the two Final Four Semifinals should attract the most action this weekend. Check out the current odds:
- Texas Tech+3, -115O 132 ½, -110
- Michigan State-3, -105U 132 ½, -110
- Auburn+5, -110O 131, -110
- Virginia-5, -110U 131, -110
The above odds imply a couple of things. First, the fact that Texas Tech is at +3, -115, means agents can assume that Texas Tech has a real shot to beat Michigan State against the spread.
Bookie agents are only accepting wagers on Texas Tech at -3 if players are willing to lay the 5% extra in possible fees. That means the Red Raiders are also a hot play at +130 on the moneyline.
Per head agents will handle this by setting max betting limits on Texas Tech’s moneyline.
Don’t be surprised if some online bookies lower the line to Michigan State -2 ½, or even -2, while setting a Red Raiders moneyline at +115 or +110
In the second game, Virginia remains a solid play because the line hasn’t moved at all while the right to wager on either team remains at the traditional 10% fee, or juice.
The main tool agents will use on the second game is to lay off money wagered on one side of the spread or another. Most agents won’t mess with trying to handicap either game.
They might also use the layoff account on the first game if there’s a run on either team, more money is wagered on Texas Tech as opposed to Michigan State or vice versa.
Final Four Centric Promoted Parlays
There are a couple of different parlays pay per head agents will promote this Saturday. The first could be a cross-promoted parlay that involves not only the two Final Four Semifinals, but also games in NHL and MLB.
Out of respect for the Final Four, the NBA will only play two games on Saturday: Brooklyn at Milwaukee and Philadelphia at Chicago.
The other promoted parlay cold be a four-teamer that involves spreads and total wagers in both Final Four Semifinals.
Either way, bookie agents should attract action. Expect agents to also promote a parlay on Monday night once the College Basketball Championship is set.
Go From Pro-Handicapper To Pro-Bookie
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