The Chiefs go on to win the AFC championship game and will face the San Francisco 49ers in the Super Bowl. Let’s say you wagered $100 on the Kansas City Chiefs to win Super Bowl LIV at 20-1 odds before the season started. A hedge bet on the other side during the game can help erase or minimize your losses from the original bet. In these cases, hedging with a similar size bet won’t guarantee a profit, but it can limit your losses to just the vigorish.ĭuring In-play wagering: The game you’ve wagered on isn’t developing the way you anticipated. Or maybe the weather may limit the number of points scored in a game you bet over the total. Your opinion on the game has changed: Perhaps the quarterback on the team you bet on sprained his ankle before the game. Taking the other side of the final game with a hedge bet can lock in a guaranteed profit depending upon how much you wager. The fourth leg starts later or the next day. To protect a potential winning parlay bet: You placed a four-team parlay wager and the first three legs all won. An example of a popular NFL futures bet is the next Super Bowl champion, with the Super Bowl 56 odds updating daily. If your team reaches the Super Bowl or the March Madness title game, you would consider making a hedge bet on your team’s opponent to protect your futures bet investment and assure a winning outcome. To protect a potential winning futures bet: A futures wager is placed before or during the season on a team to win some form of championship. Here are four examples of when bettors are likely to utilize hedging strategies: In hedge betting, additional wagers are made on a different outcome after the initial wager was placed, usually to mitigate risk or lock in profits. This strategy is used by sports bettors to take advantage of discrepancies between betting lines, sometimes guaranteeing a profit no matter the outcome. In arbitrage betting, multiple wagers are placed simultaneously on different outcomes. These are two different forms of betting. What’s the Difference Between Arbitrage Betting and Hedge Betting? While the concept of hedging is simple, the strategies are more complex. In both cases, hedging protects the bettor from losing an entire initial investment in exchange for accepting less profit from the original bet. It’s also often used to lock in winnings on potentially lucrative parlay bets which are one victory away from cashing. Hedging is a popular strategy in futures bets such as NFL futures, when having both sides of a championship game guarantees a profit no matter who wins. What is Hedging?Īfter an initial bet is made, hedging is making another bet on a different outcome than your original wager. These are the questions that come into play when determining the merits of hedge betting. But at what cost? How much profit are you willing to sacrifice? If ensuring a profit or limiting a loss is the ultimate goal, then hedge betting can be a useful strategy. Most often, a bettor’s decision on whether to hedge is based on his or her level of risk tolerance and specific gambling goals. But if your primary goal is to lock in profits and manage risk, hedge betting is a strategy worth considering.ĭeciding whether or not to hedge your sports bets - in essence, making a wager on an outcome different from your original wager - is a long-standing debate with benefits and drawbacks to both sides. There are no guarantees in sports betting. This offer cannot be used in conjunction with any other offer. Potential winnings from the Surprise Bet are paid in withdrawable cash, excluding the stake. Rewards will be credited to qualifying participants within 48 hours after placing the qualifying bet. Cashed out bets do not count towards this promotion. An accumulation of smaller stakes will not count. Supercharged odds do not count towards the promotion. Only original odds count toward the promotion. To qualify for the Promotion, participant must deposit and place a £/€10 bet as their first bet on any market (excluding each way) in the sportsbook with odds greater than or equal to 1.50. The Promotion is only valid to: (a) new customers (b) customers aged 18 years or over. The Promotion runs from / 12:00 (BST) until / 12:00 (BST) (the “Promotional Period”). The Promotion operates as a £/€20 Surprise Bet when you place a bet of at least £/€10 on any market with odds greater than or equal to 1.50 as your first bet.
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