Backing a team to win a tournament and laying off each round?
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Sorry for the newb question.
Is there a term for backing a team to win a tournament, and then betting on each individual leg and (hopefully) ending up with a profit?
For example, Ireland are 11 in decimal odds to win the Rugby world cup. They are likely to play three games (potentially – quarter vs South Africa, semi vs Wales, final vs. New Zealand) which could realistically have lower odds than 11 when multiplied together. Obviously a simplistic view of it, as exchange commission needs to be taken into account, along with other factors.
Is there a term for this type of betting so I can do further research? Are there any calculators that help with this? Has anyone had success with this method? Thanks
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