In a digital world where social media has become the norm and any transactions can seemingly be accomplished through mobile apps on everyone’s mobile phones, the concept of a person who physically carries an important package like cash and important documents to an office seems to be unnecessary.

While the definition of a “runner” in sports betting in general and horse racing in particular are different, let’s focus first on the person who still manually delivers bets of old-school bettors who refuse to place their bets on smartphones. This is the reason why some sportsbooks still employ these persons who remain valuable in the age of modern technology as they are still reliable if ever glitches hit the bookies’ digital platforms.

A new punter may be surprised that the value of runners remains high aside from its obvious purposes. Let’s explore the many ways why bettors need a runner, and even some groups will still look for them for many years to come.

RUNNERS RISK LIVES TO GET JOB DONE

A runner is described as a person who carries the money and betting slips from the betting parlors to its headquarters, which is called a numbers’ bank. Usually, a betting shop picks one of its employees to become a runner, who is deployed directly to the venue of a sporting event to collect and inform the institution about the change.

The bookmaker also taps the runner as its informer, who can monitor all changes that somehow can have a binding effect on upcoming sports events, before he or she passes them to a betting shop. Runners are also tasked to make corrections and refine the odds if necessary.

Runners are like messengers that they have to go out of their way to get their jobs done, like finding ways to overcome terrible weather conditions to overcome natural-related incidents like heavy traffic or even power outages to deliver the money and betting slips to the bookmaker’s headquarters.

ELDERLY STILL NEEDS RUNNERS TO PLACE BETS

Despite the growth of online transactions, mobile applications and digital technology the past few years, there are still a lot of men and women who remain to use traditional methods and have to embrace these changes.

Several groups of elderly members, believe it or not, do not want to make that transition of using their mobile phones to place their bets for some reason or another. This is where the runners come in.

While betting online ensures bettors’ identities in many ways, there are still bettors who want to place money on their favorite team and have someone else do it for them and still not trust these mobile apps. Call them “old-school” bettors but bookmakers cannot refuse them and they will still accept their bets by retaining the services of runners for such purposes.

RUNNERS ALSO PROTECT IDENTITIES OF ATHLETES, OFFICIALS

There will always be bettors who want to place their money on teams but are careful not to get identified to ensure their safety and not be embroiled in any trouble. What runners can do for them remains effective compared to placing bets online.

From bettors who place their money against their home team to those who want to bet at a casino but are on a “cold streak” to Punters who are banned from a particular sportsbook, these individuals are willing to pay extra to runners to still make bets and get the same chance as everyone to get a big payroll.

A bookmaker’s employee, professional sportsmen, athletes, coaches and officials who are not allowed to bet on the sport they are involved in can use a runner any way to still have fun and bet on any team or player.

Lastly, bettors who place a wager that exceeds the betting limit also rely on runners to get the job done. For example, if a bettor wants to place a 10,000 Euro bet and the betting limit was set at 5,000 Euros, the runner could place the other 5,000 Euro bet on their behalf.

RUNNERS CARRY RISKS THAT BETTORS SHOULD KNOW

Based on the types of individuals who still find the use of runners as useful, except the elderly, it seems — many are convinced that using runners remains illegal in sports betting circles.

These are the reasons why using runners carries big risks for bettors, who should be responsible for their choices. Punters are lucky if they find runners who they can really trust, like a distant relative or a loyal messenger or a family employee.

New bettors, however, should be informed of the presence of runners to make them aware of these kinds of individuals who they may encounter at some point in their young sports betting careers. While the common logic is still to avoid a runner’s services and place the bets yourself or go online, it is important that those who still tap runners should be ready to deal with the consequences if such transactions go awry.

There are smart bettors who want to lower their risk when placing money on teams yet they want guaranteed profit regardless which team or player wins in a game. So how can a punter do that?

This is where hedging your bets comes into play. For bettors who are also unsure of their favorite teams and have a gut feel that the other team may pull off the victory, hedging your bets may be the right decision for you, provided you have enough funds to roll with it.

The concept of hedge betting actually covers a lot of risks if the punter does not do things the right way. Aside from having enough cash in your bankroll, a bettor must properly calculate the numbers, possibilities and yes, even the odds, before hedging bets on two teams so that you don’t go empty handed at the end of the game.

BET AGAINST YOURSELF AND STILL WIN

Hedging is described as a sports betting strategy used by bettors to reduce risks or guarantee a profit when you place your money on a sports event. It can also be defined as a counter wager made against another wager to assure the bettor still gets some money regardless of the outcome of the game.

Basically, hedging is like betting against yourself but still gaining some profit. But, like earlier mentioned, this strategy can only be effective if the bettor calculates the numbers with your trusted sportsbook as a guide or comparing multiple bookies before making that decision.

The concept of hedging beets can be applied from in-game beets or in futures bets and even in parlays. It’s a matter of checking on live updates and finding an opportunity if hedging a bet on a game can ensure profit regardless which team wins.

CHECK ON ANY ‘KILLER PRICES’ FOR ANY TEAM

Let’s cite an example at an NBA game and a bettor picks on a big underdog, like the Orlando Magic, to win the game. The bettor places money on a $100 wager at +360 before the game, meaning he gets to win $360 in profit if his team wins.

If the Magic takes a 20-point lead in the third quarter, the bettor’s bet is looking good to win, but what if the other team, the favorite like the Phoenix Suns, are so good you think they can still come back from the game?

It gets more interesting if a bettor gets a killer price on the other team, the favorite, which is now +400 to win the game based on in-game odds. The Suns may be down but they still got a killer price, creating an opportunity to still gain profit by betting on that team aside from your earlier underdog bet.

Once the bettor bets $100 on the other team through in-game betting at +400, he is guaranteed money no matter which team wins. If the underdog team, the Magic, wins, the bettors get $360 in profit minus the $100 he wagered in-game on the other team to result in a $260 total profit.

INVEST ON FUTURES BETS BY HEDGING

Only a small amount of investment is needed on futures bets and hedging to guarantee profit once the teams are picked right and the numbers are calculated right.

Let’s say the Los Angeles Lakers have a 100 to one shot of winning the NBA title, but you still made the bet on them for $100 and they win, you stand to win $10,000. If the Lakers went on to the NBA Finals against the Brooklyn Nets , for example, and has a total toss-up of -110 odds for both teams to have equal chances of winning,

The odds got better as LeBron James, sidelined for the whole regular season with a knee injury, suddenly was activated for the playoffs. While you already made the bet for the “underdog” Lakers, you also want to place money on the Nets to win.

Once the bettor bets $5,250 on the Nets to win, the scenario goes like this: a Lakers win will have him win his original futures bet for a $10,000 profit but will lose his hedge bet for $5,250.

But a Nets win will have a bettor lose his original futures bet for a loss of $100, yet he would win his hedge bet for a profit of roughly $4,772. The total profit for the bettor if the Nets win is at $4,662, meaning the bettor does not go home empty handed.

FINANCIAL PREPARATION KEY TO HEDGING

Sportsbooks may give the most accurate guide and the best prices in sports events you want, but that does not mean they can do a credit on a bettor who wants to make a hedge bet. Getting that fund ready for a hedge bet that does not allow you to lose is crucial to ensure enough profit and minimal loss.

The money may just be there in the ATM, but you may have to go to the bank ahead of time if there are ATM limits if the need arises for you to get that money for the hedge bet.Online betting transactions may have to take 24 hours to ensure your deposit will be processed on time.

It is easy for even new bettors to have $10 or $20 or even $100 ready for placing money on a team. But not every punter has $5,000 ready that can be used to make a hedge bet. Last-minute looks for those the best prices at sportsbooks will help you get updated and get the best hedging deal but scrambling to get those funds ready would be unwise and should be avoided at all times.

Bookmakers


4.5/5

Bonus: 100% First Deposit


Overview



Get Bonus

Betting brokerages



4.5/5

Bonus: 100 EUR


Overview



Get Bonus

Trading platform



4.5/5

Bonus: 100 EUR


Overview



Get Bonus

Bookmakers


4.5/5

Bonus: 300 USD


Overview



Get Bonus

Bookmakers


4.5/5

Bonus: 50% Welcome Bonus


Overview



Get Bonus

Betting brokerages



4.5/5

Bonus: 400 EUR


Overview



Get Bonus

Bookmakers


4.5/5

Bonus: 100% First Deposit


Overview



Get Bonus

MEGAPARI OFFERS ITS USERS A REGISTRATION BONUS WORTH UP TO 5400 PHP!

The Brooklyn Nets (42-38) attempt to complete a turnaround from nearly getting eliminated to host a play-in game as they take on the Cleveland Cavaliers (43-37) at the Barclays Center in New York on Friday. In today’s game, the Nets are 7.5-point favorites against the Cavaliers. See more predictions in the Cleveland Cavaliers vs Brooklyn Nets odds and picks in FBR’s NBA Predictions series.

BEST ODDS TO BET ON:

  • Underdogs: Cavaliers +7.5 (-110)
  • Cavaliers vs Nets Over/Under: 229 points

For the best odds for today’s games, check out Megapari!

The Cavaliers (42-35-3 ATS) are 2-8 ATS in their last 10 games and 3-6 SU in their last nine against the Nets. The total has gone OVER in nine of Cleveland’s last 13 games, even as the Cavs are 2-6 ATS in their last eight matches against an opponent in the Eastewrn Conference.

The Nets (31-46-3 ATS) are 10-5 SU in their last 15 contests but are 1-5 ATS in their last six matches even as the total has gone OVER in five of Brooklyn’s last six outings against Cleveland. Brooklyn, which will miss Goran Dragic (*quarantine protocols) and Seth Curry (ankle) due to injuries while Joe Harri (ankle) and Ben Simmons (conditioning) remain out indefinitely, is coming off back-to-back wins, including a 110-98 victory over the New York Knicks on Wednesday.

Cleveland is reeling from back-to-back losses, including a 115-120 loss to the Orlando Magic on Tuesday. The Cavs are trying to hold off the Nets for the No.7 seed in the East despite being undermanned with Jarrett Allen (finger), Colin Sexton (knee) and Eric Mobley (ankle) all out with injuries.

Final Predictions and Picks:

  • Spread — 122 Brooklyn Nets – 112 Cleveland Cavaliers
  • Over/Under — OVER 229 points

A look at last time’s predictions: 

Philadelphia 76ers vs Toronto Raptors Odds and Picks

Pascal Siakam tallied 37 points, 12 assists and 11 rebounds on a triple double performance, while Gary Trent Jr scored 30 points to help the Toronto Raptors stop the Philadelphia 76ers from boosting their chances for the No.2 seed in the East with a 119-114 victory for their second-straight win with only two games left in the regular season.

Memphis Grizzlies vs Denver Nuggets Odds and Picks

Nikola Jokic collected 35 points, 116 rebounds and six assists to become the first player in NBA history to log 2,000 points, 1,000 rebounds and 500 assists in a season by leading the Denver Nuggets to a 122-109 victory over the Memphis Grizzlies to officially lock in the No.6 seed and claim an outright playoff berth.

For more predictions, check out our predictions series where FBR covers the biggest games of major sports!