Michael McKean is an experienced writer with a portfolio that includes work on the subjects of sport, gambling, travel and finance. With a background rooted in journalism, Michael first ventured into the professional writing world based in Switzerland, where he wrote for a number of language and travel sites and magazines before moving into the world of sports writing and gambling sites.
As an avid soccer fan, who follows everything from the Scottish lower leagues to the European elites, he has earned himself a solid reputation as a reliable football betting tipster and predictor. Outside of work, Michael has always gotten involved with grassroutes football everywhere he has worked and lived - UK, Spain, Portugal, Switzerland and Brazil - and still isn’t shy when it comes to pulling the boots on himself. As well as soccer, he has also developed a love of North American sports, particularly ice hockey - a love which began in Switzerland and saw him venture across the pond to follow the NHL. Moving away from dry land, he’s also a keen longboard surfer and is happiest when writing with a view of the ocean.
Online gamblers today use a betting hedge strategy to help themselves win more consistently. This powerful wagering strategy involves wagering on the opposite side of a position to guarantee a win, or to form insurance to minimize a lost. The strategy is simple to employ, but does require some research to get right. Learn about hedge betting and how to make the most of it down below.
Hedge Betting Overview
Hedge betting is using a second wager to go against the first
It’s a useful insurance tactic
It can be used to guarantee profits in some instances
Hedge betting works well with future betting
A betting hedge is very simply the act of wagering on both sides of a position to either guarantee a profit, or to minimize the risk while still making it possible to get a decent profit if things go your way. It’s very common for gamblers to hedge their bets, and when done right the act is very smart and effective. Hedging is a bit more complicated than just placing two opposing wagers at the same time using the same sportsbook, but it can be done effectively after spending the time to get familiar with it.
How it Works: Hedge Betting Explained
In order to make hedge betting work well to result in a guaranteed profit, or at the very least to create very little risk of losing money, it’s important to place the first wager as early before the game occurs, or to use multiple sports books. The goal is for the opposing wager odds to change dramatically between the initial wager and game day.
Imagine placing a $100 wager on one team that guarantees a $500 payout with a win. Now imagine being able to place a $200 wager on the other team that pays out $400 in the event that they win. The player would spend $300 wagering in this scenario, and always get back at least $400 and maybe $500 after the match. No matter what happens the player is walking away with a profit, and that’s what successful hedging looks like.
Sometimes it’s possible to do this using two different sportsbooks if the odds are different enough between the two providers. More commonly it’s possible to achieve some impressive guaranteed returns, or excellent risk management because the odds change over time. Hedging is a popular strategy with future bets for this very reason.
Implementing a Hedge Bet
If you decide that hedging one of your wagers is the way to go, it’s important to take the time to make sure you do so properly. Look at the other side of your position at multiple sportsbooks and choose the option that offers you the best odds. Often you will have to wait until just before the position goes live before you place your wager to get the very best odds. Just take care that you are wagering on the exact opposite as your other wager. Make sure that you know you will be winning one wager or the other, and that there aren’t situations where you will lose both of the wagers (a tie for instance). By placing a hedge bet carefully enough you can avoid any potential problems and ensure that you get a payout from one of your wagers.
How is Hedging Even Possible?
There are a number of different circumstances that make hedge betting in sports possible. Most of these depend on odds changing over time. This is why hedging is very popular with future wagers. See our future betting strategy guide to learn more about this type of wager. The longer you have from the time that the original wager is placed until the actual game takes place, the more likely that hedging can be used. Gamblers will often take wagers happening that they will have a chance to hedge the bet. After placing a wager, if the odds shift far enough for the other team involved in the game, it can be profitable to place a wager on that team as well. The other team could become extremely affordable to wager on over time, making it possible to guarantee a profit no matter which team wins over time.
Some players also hedge bets by placing wagers with multiple bookmakers. With this strategy it’s possible to hedge a bet without waiting at all. Simply place a wager on each of the different sports teams at the same time using two different bookmakers. When done properly it is possible to create ea profitable betting situation while cutting out the risk with a proper hedge.
Why Hedge Betting in Sports is Common
Hedge betting is common in sports because it’s a safety measure ad one of the few ways that players can improve their chances of success. When done properly it’s a strategic tool to boost odds and to be more profitable sports betting over time. Most professionals hedge their bets at least occasionally, and many players make use of hedges frequently to guarantee the best possible prize payouts over time.
The Benefits of Hedging
There are two different benefits of hedging a bet. The first is to guarantee a profitable outcome regardless of which team wins. This is the more difficult benefit to obtain, but it is possible to achieve with the right circumstances. The second, and more likely benefit, is the reduction of risk. By placing a smaller hedge bet, it’s possible to minimize the losses incurred on a larger initial wager if it ends up being a loser. A small hedge could result in only a very small loss if things go poorly instead of a big loss. If circumstances shift in a big way and the opposing team looks much more likely to win than it originally did, hedging with that team can help prevent a major loss. Just make sure that the hedge bet doesn’t cost too much to make the potential prize payout worth the cost.
Hedge Betting for Profit
With the right circumstances it’s possible to guarantee a profit regardless of which of the two teams wins by with the betting hedge strategy. To do this, carefully determine how much to wager on both sides of the wager to guarantee a prize payout worth more than the total amount wagered with each of the different wager options. If this option is possible it’s almost always a good move to make, unless the cost of the second wager eats up the majority of the profit potential, in which case the player will have a tough decision to make.
Shifting Risk with Hedging
Hedging a bet can be an excellent tool for shifting risk as well. Adept players can go with a larger or smaller hedge bet depending on the change in odds and the likelihood that the other team or player is going to win. In circumstances where the other team becomes much more likely to win, it’s possible to guarantee a bigger payout with that win while still maintaining the potential for a small win if the original team comes through. Carefully choose a hedge amount to get the best prize payout depending on the most likely scenario. This is a powerful betting hedge strategy.
Using a Betting Hedge Calculator
While it’s simple enough to determine if a betting hedge strategy is worth using in your specific circumstances on your own, there are many calculators available today that make it even easier to figure this out. Simply input the specifics about your wagering circumstances, and learn exactly what you stand to gain by hedging your bet. Spend a bit of time with the calculator and you’ll not only learn whether hedging is a good idea or not, but you’ll also learn the values that you should be using for the biggest potential return on investment. Betting hedge practices are useful as a form of insurance, but they can also help guarantee profits for you as well. Use the special wagering tactic to help minimize your losses, or to ensure that you come away with a tidy win no matter what happens after you place your wagers.
Start Playing today and Practice Hedge Betting
Hedging your bets is a powerful strategy and hopefully you understand why now. If you would like to try out bet hedging, you need to be a member of an online sports book first. Take a moment to look over our betting recommendations to find the option you want to go with. We have a great sports betting comparison page to look at to help with the decision making process. Choose the best option today and start practising hedging bets and trying to win more consistently.
Conclusion: Learning to Hedge Bets is an Essential Skill
Bet hedging is a powerful strategy that many advanced bettors use. Even bookies use hedge betting as insurance in some instances. Getting familiar wit the technique is the first step toward being more profitable over time with sports betting.