Hedge betting, more commonly known as hedging, is a popular betting strategy implemented by sports bettors. It can reduce the bettor’s risk and increase their chances of making a profit by covering multiple outcomes in one. This type of betting is very similar to arbitrage betting and matched betting; however, there are a few differences.
To complete a hedge bet, bettors will place a bet on both selections as long as the odds are similar and a hedge bet is allowed. By placing a bet on both selections, this means that if one of the selections is successful, bettors can lock in a profit. To put this into an example, if two teams are playing and one has odds of 2/1 and the other is 1/1, bettors can hedge a bet by placing £100 on the 1/1 and £67 on the 2/1, which means if one of the teams wins, the user will guarantee a profit of £3.
As there is a possibility of the teams drawing, the profit is not guaranteed, unlike matched betting; however, it is very similar to other matched betting techniques. It can take some research to eliminate the risk involved with regular sports betting, and it is important to look around for the best odds.
Understanding Hedge Betting
As mentioned, hedge betting is a strategy used by bettors to reduce their risks throughout betting. Now, when placing two or more bets on the same event, it is important to use different bookmakers or at different odds, which is where the OddsMonkey betting odd calculators can be useful. The goal of hedge betting is to create a situation where the bettor reduces the risk of being unsuccessful.
Hedge bets are often used in situations where the bettor is unsure of the outcome of an event or wants to reduce their risks. It can be used in any type of betting, including sports betting and financial betting. However, it requires careful analysis of the odds and a good understanding of the event being bet on. There are a whole host of different online sports betting guides available on the OddsMonkey site that can give bettors a better understanding of different sports.
Benefits to Hedge Betting
Hedge betting is a strategy used by many bettors to manage their risks; there are plenty of different benefits to hedge betting:
- Risk Management – A bettor can reduce their exposure to risk by placing additional bets on the opposite outcome. This can be extremely useful in situations where the bettor is unsure of the outcome or where the odds are not in their favour.
- Profit Assurance – In examples such as horse races, bettors can place hedge bets on opposing horses to ensure a profit. If the original bet wins, the hedge bet will lose, though it decreases the risk of the bettor losing all of their stakes.
However, one of the main drawbacks of hedge betting is the potential for lower returns. When a bettor hedges their original bet, they are essentially placing a second bet that is designed to offset any potential losses from the first bet. While this can help to reduce the overall risk of the bet, it can also limit the potential profits. Another drawback of hedge betting is the fact that it requires significant knowledge and experience to be successful. In order to effectively hedge a bet, a bettor must have a deep understanding of the sport or event they are betting on, as well as the odds and betting markets.
How To Implement Hedge Betting
Hedge betting can be an important strategy that can be used throughout football betting, horse racing and all other types of betting. Here are some ways to implement hedge bets:
- Identifying opportunities – The first step in implementing hedge betting is to identify opportunities. This involves placing bets on different outcomes of the same event. By finding these opportunities, users can potentially make a profit regardless of the outcome.
- Calculating the right stake – Once the opportunities have been identified, the next step is calculating the right stake. This involves determining how much to bet on each outcome to ensure a profit regardless of the outcome. The bettor needs to take into account the odds of each outcome and the amount of money they have already bet.
Hedge Bets In Matched Betting
Here at OddsMonkey, we look at all the tools that bettors can use to make the most of their sports betting. Hedge betting can be a great tool for those who are looking to minimise their risks throughout sporting events when bettors are not sure of the outcome.
Alongside tips and tricks, OddsMonkey is also home to a wide range of calculators which can be of use for those wanting to check their bets. Some of the most popular calculators on site are the accumulator calculator and the each-way bet calculator.
