Video Summary

In the world of sports betting, there's a concept called “low hold” that can be counterintuitive at first. A low hold is when two opposing bets on the same market have equal and opposite odds, resulting in a zero percent hold. This means that the person betting would break even, neither winning nor losing.

The question is, why would anyone place a bet with a zero percent hold? The answer lies in promotions and rewards offered by sportsbooks. For instance, some sportsbooks offer deposit match or play-through bonuses, where bettors need to risk a certain amount to receive a percentage of that amount. A low hold can be used to maximize the benefits of these promotions. For example, a bettor could place a large wager on one outcome and an equal large wager on the opposing outcome, breaking even while still benefiting from the promotion.

Another scenario where low holds come in handy is when sportsbooks offer rewards systems. Bettors can accumulate points by risking money on the sportsbook, which can lead to higher tiers and benefits. A low hold can be used to quickly reach a new tier by placing a large wager on one sportsbook and matching it with an opposing wager on another, resulting in no net gain or loss.

In summary, low holds are useful when taking advantage of deposit match or play-through bonuses, as well as sportsbook rewards systems. They offer a way to maximize benefits while minimizing risk, but it's essential to understand the underlying mechanics and be comfortable with the amount of money involved.