Have you made a sports bet? What if you will not win it? Well, in that case, you can get some money by entering into hedging. Yes, you read it right! Sports betting hedge is something that can help you with some reward for placing a bet, which you may lose or win.
What Is Hedging in Sports Betting?
In simple words, it is a sports betting strategy where a bettor can place a wager on the opposite side of his/her bet. Some people play it regularly, while others use hedge rarely. The value of a hedge varies from player to player. There can be many reasons to enter this betting style. It is possible that the bettors can find options to do so with easy access to live wagering platforms like pick’em betting. Most people place hedge bets to reduce the original risk and to set up guaranteed returns on both sides of a betting option.
How to Hedge a Sports Bet?
Hedging is not a difficult bet, and anyone can use it after understanding its concept. Most people do not give attention to hedging when placing a wager. But, this type of betting protects profit in some way.
For hedge a bet, you need to place a second wager against the original wager. This should guarantee that you will see some profit at the end of the game. The best part is that you can hedge a future bet or individual hedge games as well. Take a look at an example:
Original wager: $150 futures bet on team A to win the super bowl at 60-1.
Potential win: $6,000 + original $150 wager.
Hedge: $1,000 wager on team A to win the super bowl B at 2-1 when they face team B in-game.
Best result: team B wins the super bowl, and bettor wins $6,000. The $1,000 hedge on team A for safety is a loss. So, the total sports bet win will be $5,000 instead of $6,000.
Hedge win result: team A wins, and the bettor wins $2,000. After everything, the $1,000 hedge minus $150 original wager gives a final win of $850.
Worst result: No hedge, and Team A wins. $150 wager, and the potential $6,000 win is completely lost.
So, it shows that placing a bet is beneficial for the bettor. This will protect the bettor from losing the whole profit from the wager. And, in this case, winning is bettor than losing whole money in sports betting.
Hedging is a method to reduce risk and secure winnings for a specified sports bet. In sports, it means betting the opposite side of your original wager in order to either try to middle the game or to reduce the downside exposure of the original wager.