What Does It Mean to ‘Hedge’ a Bet?
Hedging is a strategy employed by bettors to reduce the risk of their initial wager. This is done by placing a second bet on the opposite outcome of the original bet. This way, if the original bet loses, the bettor will still have a chance of winning something if the second bet wins. By hedging, bettors are able to minimize their losses or even guarantee a profit if the original bet wins.
Hedging Bets Strategy
One of the most popular strategies when it comes to hedging is where your team or selection is winning with a short period of the game left. If you stood to win $100 and the opposite selection was now showing as +1000 during live betting, you could wager $10 on the other team to win to guarantee a return of $100.