Should i hedge bet

Two come to mind — futures and parlays. In both wager types, hedging tends to happen when the bet is about to be settled, usually in a championship game or the final leg of a parlay. If you already own one winning outcome, then hedging on the other side for a guaranteed profit is a real possibility you should consider. Therefore, really weigh possible winnings when making a choice to hedge or not hedge on parlays. Arbitrage betting is when a bettor lays a wager on every single possible outcome, thus guaranteeing them a win of some kind.

It works best under two scenarios. One, when the betting line changes greatly. Two, if two sportsbooks offer significantly different odds on a given matchup. Good try, but only you can answer that question. Choose wisely! Read Review. Bet Now. Frequently Asked Questions Find answers to common questions bettors like you have when researching which sportsbook to join.

Is hedging essentially insurance on your bet? What are the benefits of hedging a bet? What are the disadvantages of hedging a bet?

What type of bettor should hedge their bet? What type of bettor should not hedge their bet? What type of bet is best for hedging? They have now hedged their bets. This is because even if the original bet does not come off and Liverpool lose, the bettor will still earn some money because of the second bet on PSG.

In other words, they have mitigated some of the risk of the Liverpool win bet failing. Let's deal with the cons first of all. The obvious one is that two contradictory outcomes cannot possibly take place in a match; both Liverpool and Paris Saint Germain cannot win.

This means that hedging your bets guarantees that you will lose one of the bets and therefore lose some amount of money. So, hedging your bets somewhat goes against the very essence of betting, which is to make money. However, this is where the pros of hedge betting come in. If the original bet on Liverpool loses without the second bet to back it up, the bettor loses all that stake. With the second bet placed on PSG , those losses will be diminished, so if the worst happens, the bettor will not experience quite such a bad hit to their pocket.

Hedging your bets can also take place in play. Perhaps the bettor is quite happy to stick with their original bet before kick-off, but by half-time their feelings have changed.

PSG are on-form and much the more likely to win, and Liverpool 's star man has been taken off injured leaving them toothless up front. A Liverpool win is now looking less likely than it was before the match, so a second bet is placed early in the second half to settle the bettor's nerves and cover the possibility of a PSG win. Again, our bettor has hedged their bets. In this example, hedging your bets is somewhat similar to the cash-out option, with a couple of notable differences.

First, whereas the cash-out option is instigated by the bookmaker, who decides what to offer and when, a hedged bet is instigated by the bettor, who decides what extra bet they want to place and when.

Check out some of these recommended resources:. For example, in order to justify a bet, you must think that your bet has at least a So in the Kansas example above, the mathematically correct decision would depend on whether you thought there was at least a For example, if your original bet was incredibly unlikely at the time, and hedging still leaves you with a life-changing amount of money regardless of the outcome, it probably makes sense to hedge — again, even this scenario is going to depend on your willingness to take risks.

Check out more about this matchup here. Hedging is most often associated with future bets. Sports Betting. Pictured: Bryce Brown. Danny Donahue.