A middle is the most misunderstood position in betting. People describe it as covered because both sides can win, which is exactly backwards — the base case is that one side loses, and you pay the vig for the privilege of the other side winning. This lesson gives you the break-even arithmetic, a fully worked example, and an honest answer to when it is worth fishing for the gap.
What a middle actually is
You hold two positions on the same game, on opposite sides, at different numbers, where a band of outcomes wins both.
