Pitching outs are one of the most exciting parts of sports betting. When the starting lineups are announced and the tennis, cricket, or golf ball is served, it’s time for the bookie to make his stand. He may offer you a good price for a home win, but if the underdogs pull off an upset victory, he’ll be left with a bitter taste in his mouth.
Whether you’re a seasoned sports bettor or a newbie looking for a way to enter the market, you’ll want to be familiar with pitching outs. They can be both exhilarating and stressful, depending on how well you do in understanding them. If you’re looking for an edge in your betting this year, keep reading. We’ll teach you how to bet them successfully.
Key Facts About Pitching Outs
Before we begin, let’s establish some key facts about pitching outs. First, the odds will generally be unfavorable to sportsbook patrons, making them a poor choice for winning.
Also, because of the nature of the wager, the payout is usually very small. Finally, since it’s generally accepted that the vast majority of home games will score in favor of the home team, the value of these wagers will be diminished.
Let’s move on to the good stuff now…
The Mechanics Of A Pitching Out Wager
Although the odds may not be in your favor, it’s still perfectly acceptable to bet on the underdogs. The reason is very simple. Just as in any other type of wager, there are certain key things that you, as a bettor, need to keep in mind. First and foremost, you need to decide how much money you’re willing to wager. This is usually referred to as the bet size.
Once you’ve established the bet size, the next step is to figure out what the stakes should be for the particular event. This is called the implied or suggested wager. The bookie will almost always try to get you to wager more than you want to because he knows you’re not very likely to come back. So, in a sense, you’re paying for the privilege of taking a chance on the home team.
For instance, if you’re in the British Virgin Islands and you wager £10 on the favorite to win the English Premier League, the implied or suggested wager is £15.
Whether you’re in the BVI or elsewhere, you’ll want to make sure that the amount of money you’re backing is sufficient to cover the amount you’re wagering. For example, if you bet £10 and the favorite wins by a 7-point margin, your stake will be £17, but you will only win £7 in total. This is why you want to wager at least £17 to avoid losses.
How To Bet On Pitching Outs
So, you want to bet on the underdogs because they have a better chance of winning. Great! But how do you go about doing this? Let’s examine the options, which may not be what you’re looking for…
You can use one of the many online sportsbooks, looking for the best odds that can be offered on a winning matchup. Just remember that the favorite has the advantage in these situations, so you’ll want to lean toward the underdogs if you want to make a profit. The same principles apply if you want to make a killing in the BVI.
Another way to bet on the underdogs is to do so via an offshore bookmaker. This is where you go outside of North America and engage in wagering in a bookmaker’s website. Some of the top online sportsbooks that you can find in the BVI are the ones that operate out of Malta, the Seychelles, and the Bahamas.
These bookmakers attract a lot of interest from sportsbook enthusiasts because of the lack of state taxes in locations such as the BVI and other offshore destinations. The advantage of using an offshore bookmaker is that they won’t levy sales or use taxes on your wagers.
If sales and use taxes are a concern, however, you can always lay low and use an offshore banking option to move your funds to a jurisdiction without any tax obligations. This is called “stealth” banking because you don’t want anyone, especially the IRS, to know that you’re doing business offshore.
You can also use a credit card with some added perks, like a bonus credit or cash back. You’ll want to look for these types of perks when selecting a credit card for betting, as they can help you maximize your potential for winning. The key is to find a card that offers enough perks to make up for the lack of a physical card processing facility. For example, the Delta SkyMiles credit card offers elite status at over 100 airports across the world, as well as 20% cash back on all purchases.
Pitching Outs In Non-Sports Related Betting
You may be wondering, “Hey, Steve, why do you need to learn how to bet on pitching outs in order to make a profit in sports betting?” The short answer is: it’s not all about sports. Let’s say that you’re a fan of the TV show, “The Handmaid’s Tale,” and you want to place a wager on the outcome of the upcoming elections in Canada. You can do this, but you need to decide how much you’re willing to wager and what the stakes should be.
First, you need to decide on the election to place a wager on. There are roughly five major parties that will compete for votes in the upcoming election, including the Conservatives, Liberals, and New Democrats. Odds makers usually assign odds of 15-20 to the Conservatives, 10-15 to the Liberals, and 5-10 to the New Democrats. So, naturally, the underdogs are going to be in the middle of that range.
As for the amount you’re willing to wager, consider how much you’re willing to lose. What if the election goes awry and the Liberals, for example, win with an even bigger majority than expected? In that case, you’d be down £20, a very expensive TV show to be sure. So, in essence, you don’t want to risk more than you can afford to lose, especially in a non-sports related wager where the outcome is not predetermined. Besides, as we’ve established, the odds are generally poor in these situations.
Why Pitching Outs?
So, you’ve decided to place a wager on the outcome of the Canadian election and you want to back the Liberals, but you’re not sure exactly what type of strategy to use. Simply put, you want to hedge your bet. The problem is, you don’t want to lose, either, so you’re left with a dilemma. With a pitching out wager, you can actually win both ways. If the game ends in a tie, there’s no harm done because you received even money for your bet. However, if the home team wins, you’re going to be feeling pretty good about yourself because of the generous payout you obtained. The key is to remember that tying hands is not necessarily a bad thing because it leaves room for a random nature event to happen. For instance, even though the odds are against you, it’s still possible that the underdogs could pull an upset victory.
As we’ve established, the odds in most cases are against you, making it very difficult to come out on top. So, if you want to have some fun and make a profit at the same time, consider placing a pitching out wager.