How to use the Dimers Bet Hub

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August 18, 2020 3:00 PM

How to use Dimers Bet Hub

Get in the game with the Dimers Bet Hub, your one-stop shop for everything you need to make a winning wager; including odds, best bets, pre-game predictions, in-play probabilities and play-by-play commentary.

Our DimersBOT uses data and analytics to run over 10,000 simulations per game to predict the most likely outcomes for every NBA, NFL, MLB and NHL matchup.

With those predictions, we give you the best bets on all the major game markets, as well as cross-referencing all the sportsbook odds to identify any edges we may have found over and above what the books are offering. You're welcome!

We've put a lot of detail into the guide below, but if you just want to bet, go to the best bets section in the Bet Hub and follow the code:

 

🥇 = Best Bet of the Game

🔥 = A bet with value vs the books

No emoji = Suggested bet for that bet type

 

How are pre-game probabilities calculated?

Pre-game probabilities are created with the help of machine learning techniques. Variables include, but are not limited to, historical team results, past player performance as well as game-day team line-ups. The DimersBot simulates the game at least 10,000 times using the Monte Carlo method to predict outcomes.

 

How does the Dimers Bet Hub help find a potential bet?

 Once the simulations are run, the Dimers Bet Hub compares the results to the betting market and the odds on offer. If a team wins 6,350 of the 10,000 simulations, then they are predicted to be a 63.5% chance of winning. So, in theory, if both teams are -110 to win, the Dimers Bet Hub identifies potential value on the team with the 63.5% probability.

This same formula is applied for Moneyline, Spread and Over/Under bets.

 

Why do pre-game probabilities change over time?

Pre-game probabilities are dynamic in nature and get updated as new information becomes available. This includes, but is not limited to, team news, moves in the betting market and even weather conditions - which is very important when predicting baseball outcomes especially.

 

What does ‘edge’ mean?

The edge is where we’ve identified that the probability of an event occurring is more likely than the listed sportsbook odds. As in, we think a team has a far better chance of winning the game than the sportsbooks do! Taking these bets gives you an increased chance of being a successful gambler long-term.


How are
‘Best Bets’ different from ‘Quick Picks’?

Best Bet suggestions are wagers that the model has identified for each of the three most popular bet types - Spread, Over/Under and Moneyline. Whereas Quick Picks is a list of those with the strongest probability and/or the biggest edge.

 

How are in-play probabilities calculated during a live game?

In-play probabilities are statistical metrics that project the likelihood of a bet winning at any given point by simulating the remainder of the game. Cool, hey?!

Based on the performance of historical teams in the same situation and the current state of the game, the model updates in real time following every major event during the game.

 

What is a Moneyline bet?

A Moneyline bet is simply based on which team you think will win the game. Moneyline bets are available on all sports and are a popular bet type.

For all Moneyline bets, favorites are given a 'minus' designation, such as -120, -250 or -500, meaning to win $100 you would need to bet $120, $250 or $500 respectively.

Underdogs on the other hand are given a 'plus' designation, such as +120, +250 or +500, meaning if you bet $100 on your team (at +120 odds) and they win, you win $120, plus you get back your $100 stake, equalling a $220 payout, and so on.

 

What is a Spread bet?

The Spread, or points spread, is a popular bet type which handicaps teams back to a more even chance of betting.

In this bet type, the favorite gives points to the underdog, meaning they have to win by a certain margin to 'cover' the spread, whilst the underdog can lose the game and still be a winning bet if they lose by a lower margin than the spread.

For example, say the Eagles are 5.5 point favorites (-5.5) against the Colts (+5.5). If you bet on the Eagles they need to win by 6 points or more to cover the spread, but if you bet on the Colts and they lose by 5 or less, or even win, then you win the bet.

 

What is an Over/Under bet?

Simply put, an over/under bet is picking whether the total combined scores of both teams from a game goes over, or stays under, the nominated sportsbook points line.

For example, if the Pacers and the 76ers have an over/under total of 223, us bettors can either bet Over 223 or Under 223. If you bet the over and the score is 224 or more you win, and if you bet the under and the score is 222 or lower you win.

 

Why are there different sportsbooks in the Dimers Bet Hub?

Good question! Now that online sports betting is legal, there has been an influx of sportsbooks opening their doors to new customers.

A key strategy to profitable betting is taking the best available price for a bet. The Dimers Bet Hub identifies the best price so you don’t have to search for it yourself. You're welcome!

Dimers has run a fine tooth comb through all the big legal online books in the country to provide the 411 on our most trusted sites, as well as the best promotional codes they offer to give you the most bang for your buck.

You can be assured that you are betting with a legitimate sportsbook if we’ve given them the Dimers tick of approval. Join a book here.