Lock Betting Term Meaning
- Rowdy Ronda Rousey to win vs Holly Holm at UFC 193
- Iron Mike Tyson to win vs James Buster Douglas
- South Africa to win vs Japan (2015 Rugby Union World Cup)
- Russia Men to win vs US Men (Ice hockey - 1980 Moscow Olympics)
How to Spot Lock Bets
- Look for situations where the best in any given sport are matched against extreme underdogs. For example, in English football, this can happen in the FA Cup if a team from the Premier League is playing at home against a non-league outfit.
- Horses running in races in which the quality of the field is inferior to the chalk.
- Situations where something improbable has happened to change the odds. For example, if a boxer who came in favourite has lost the first six rounds, betting on his opponent could be a lock.
- Live/in-play bets where one team or athlete has a large advantage or lead over competitors.
Advantages & Disadvantages of Lock Bets
- Outcomes are highly probably to occur.
- They’re relatively easy to find, especially when live/in-play betting is considered.
- Good for building accumulators.
- Can be used as bankers on multiple bets
- Black swan events do happen and can be costly when they do.
- Very low odds.
- High stakes required if single betting.
- One bad call can wipe out the profit on dozens of previous wins due to the risk/reward ratio.
Lock Betting FAQ
What is a lock bet?
A lock bet is used to describe a bet that is considered to be a sure thing.
What are the advantages of lock bets?
The advantages of lock bets are outcomes are highly probably to occur, useful for accumulators and lock bets can be used as bankers on multiple bets.
What are the disadvantages of lock bets?
The disadvantages of lock bets is low odds, high stakes required and an upset can put a big dent in your bankroll.