What is Hedging a Bet?
In this video, we explain the concept of “hedging a bet” for those who are new to sports betting! Hedging is a strategy used by bettors to minimize the risk associated with their wagers by placing additional bets to offset potential losses that may result from their original bet. The goal of hedging is to reduce the risk of losing a large amount of money while still having the opportunity to win some money.
There are various ways to hedge, including futures, live betting, parlays, and more. Hedging a bet is not a guarantee of profit and can result in a smaller payout if the original bet wins. Bettors need to have a clear understanding of the odds and potential payouts of their original bet as well as the potential payouts of any additional bets they may place.
To help with understanding odds & payouts, you can also watch our “Guide to Reading Betting Odds” and to understand parlays, you can watch “Parlay Betting Explained: Winning Parlay Strategies”
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