Also responded over dm while mods were approving this comment. Here’s the answer for public visibility:
That will work, but will only perfectly hedge your bet if the odds on both sides are +100 or greater (very rare). I also recommend hedging with a different sportsbook so as not to appear to be “colluding” against the sportsbook.
An example could be you and your wife each bet on the pacers vs celtics, and spurs vs wizards games tomorrow on each fanduel and draftkings. You could bet on the pacers on Fanduel, and the Spurs on Draftkings, your wife could bet on the Celtics on Draftkings, and the Wizards on Fanduel. That way there aren’t bets on the same game on the same sportsbook across the two accounts.
Can I place a 5K bet on one side of a wager and have my wife place a 5K bet on the other side? That way it’s perfectly hedged?
Also responded over dm while mods were approving this comment. Here’s the answer for public visibility:
That will work, but will only perfectly hedge your bet if the odds on both sides are +100 or greater (very rare). I also recommend hedging with a different sportsbook so as not to appear to be “colluding” against the sportsbook.
An example could be you and your wife each bet on the pacers vs celtics, and spurs vs wizards games tomorrow on each fanduel and draftkings. You could bet on the pacers on Fanduel, and the Spurs on Draftkings, your wife could bet on the Celtics on Draftkings, and the Wizards on Fanduel. That way there aren’t bets on the same game on the same sportsbook across the two accounts.
Lmk if you have any other questions!