In real life, people hedge situations so that they don’t get exposed to the downside. In our daily life, we opt for evading many different things. The connotation of the word ‘hedge’ is similar in the sports betting industry. Sports bettors implement hedging to minimize their probable monitory losses.
Experienced sports bettors apply this advanced sports betting strategy to limit their financial loss or assure certain profits from some bets. It is similar to the method of middling a wager. Hedging a bet means placing wagers on the opposite side of the bet, which you have placed originally. Please take it as an insurance scheme that players choose to wager when betting with larger wagering amounts.
What is Hedging a Bet?
Hedging a bet is a strategy where players place a second bet on their original bet to minimize the losses if their original bet gets failed. Hedging would be an excellent strategy for players who want to be sure about their winning no matter what happens.
Hedging is a useful strategy that galore of bettors often apply, but it gets involved differently in different sports. Moneylines are used in long term bets like Futures wagers. Moreover, some individuals use point spreads instead of money lines.
Bettors often use the hedge betting strategy against these wagering styles to create a guaranteed opportunity to leave the scene as a winner or less of a loser. Betting on hedges would require plenty of betting opportunities on both favorites and underdogs of a match. Hence, you should always perform this betting through proficient online bookmakers like NetBet.
How to Hedge a Bet
Hedging a bet is not complicated. However, players often suffer from a lack of knowledge as the concept of it is not at the forefront of everyone. The idea of bet-hedging means protecting some profit from any of the two placed wagers.
An example for simplifying it, assume you have backed up New York Jets with a $100 hoping they would win the Super Bowl at 60-1.
- If the bet wins, you will get $6,000 + $100 (your original wagered amount)
- Now, you put another $1,000 wager on Los Angeles based on they would defeat the Jets by 2-1 and win Super Bowl.
- If the Jets wins the match, you will receive $6,000, and the hedged $1000 will be lost.
- If Ram wins, winnings will be proffered to you according to your $1000 bet, but you will lose your original bet on New York Jets.
Where else You can Hedge a Bet
Now, future bets are not the only phenomenon where players hedge bets. The entire sports betting industry trend is changing, and experience bettors are changing their betting approaches in adherence.
Because of the In-Play wagering, players can expediently hedge bets against pre-game wagers that seem insecure. At precedent times, players used to make half time wagers, waiting until the match’s middle.
Betting on Parley is getting more and more popular over time. Ensuring a win, players are implementing this strategy, and players are hedging bets on multi-leg parleys’ final matches.
You can choose the amount you want to hedge a bet with depending on your original wager. Losing is never exciting, but you know! Losing lesser is much contenting than losing your entire bet amounts.
Currently, sports betting is not only limited to winning or losing bets. There are galore of different strategies that confident players will ensure some amounts of profit from every bet they place. And, the method of hedging bets one promising one from them. If applied in the right manner when needed, you would too have the potential of securing profits even from unstable bets.