Detailed Explanation of Hedge Betting

Hedge Betting is an important strategy used by professional bettors – in both sports betting and casino gambling – to reduce risk and make a profit. This strategy is especially useful in the world of sports betting, where predicting the outcome of an event is not straightforward. In casino gambling, determining the probability of an event occurring may be easier, but this is not the case with sports betting.

How to Hedge Betting to Guarantee Profit

The hedge betting strategy at LODIBET revolves around placing an initial bet on a selection and then placing additional bets on different outcomes. This is done to create the possibility of securing a profit even if the initial bet loses. In many ways, the concept is similar to arbitrage betting, where a player bets on different outcomes of the same event to limit losses and secure a profit. The strategy behind arbitrage betting is to identify the house edge and take advantage of the different odds offered by different bookmakers for the same event. Hedge betting is a little different as it focuses primarily on taking advantage of changing scenarios. Players do not need to have accounts with different bookmakers as in the case of arbitrage betting. Instead, players can place bets on a single bookmaker using a single account. This is one of the reasons why it is popular with new players who do not have accounts at different bookmakers.

Practice Hedge Betting Strategy

This strategy is popular in several sports, with tennis and football being the top bets. Take Wimbledon in 2015 for example. Just before the tournament began, Garbine Muguruza could be backed to win at an incredible 44.00. The Spaniard had not made much of an impression in the earlier rounds. However, bookmakers overlooked the 21-year-old’s incredible form and did not expect her to rise to the top of the tennis world.

Therefore, the 44.00 odds seemed too high for the average bettor at the start of the tournament. However, she did make it to the final, where she faced Serena Williams, who started the tournament as one of the favorites. If a bettor picks Muguruza at odds of 44.00, they have opened up the opportunity to hedge their betting strategy – even though Williams is only at odds of 1.95. They can bet on both selections and secure a profit regardless of the outcome.

The opposite bet is activated when a bettor bets on both Muguruza and Williams to win the 2015 Wimbledon title – even though the odds are very different. The stake for both selections is £5.

Adjusting Your Hedge Betting Strategy to Take Advantage

Betting is not a guaranteed winning betting system, but it can significantly increase the odds of winning by redistributing the risk. Although this also reduces the potential profit, you can adjust your betting strategy to minimize the risk as much as possible. In the example above, if the player wanted to ensure a higher profit if Williams won, they could increase their stake in Williams. Instead of placing a small bet as explained earlier, the player could place a bet of up to £300 on Williams at odds of 1.95. In this case, the player would receive a profit of £100 if Muguruza won. Since the total stake is now £10 + £300, they would have a lower profit of £100. However, the profit if Serena Williams won is now significantly increased to £245 compared to the £5 bet in the previous example.

Pros and Cons of Hedge Betting

Betting can create a great safety net against potential losses while ensuring a profit in most cases. If a player decides to parlay a bet with the potential to win big, they can also use hedge betting as insurance. While this is a great advantage, the biggest drawback to this system is the higher cost. Players usually need to have a significant amount of money to bet on this system.