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п»їWhat Is Hedging in Sports Betting? When To Hedge Your Bets.
Tom Pennington/Getty Images. Pictured: Bryce Brown.
So you’ve made a bold sports bet. And it’s looking pretty good. You might win a whole bunch of money …
Unless, of course, it loses.
You certainly aren’t rooting for your bet to lose, but what if you’re realistic and think that it still might? Shouldn’t you be able to reward yourself for the good bet you made up until this point?
Well, you can. Enter hedging .
What Is Hedging?
Hedging is a sports betting strategy in which a bettor takes the opposite side of his/her original bet once that original bet’s likelihood of winning has increased.
The intention of a hedge is generally to guarantee a profit, or at the very least, to reduce or eliminate the potential loss.
Take the following as an example.
At this point, you’ve got options. You can either let your bet ride (i.e. do nothing), or hedge.
In this case, hedging would mean betting on Kansas not to win the tournament � a bet that may be offered at, say, -250 (risk $25 to win $10).
The hedge allows you to guarantee that you’ll return a profit no matter the outcome, but will cut into your maximum potential profit should Kansas go on to win.
If you don’t hedge …
and Kansas wins: +$100 and Kansas loses: -$10.
If you hedge (bet $50 to win $20 on Kansas not to win) …
When Should You Hedge a Bet?
This is a complicated question, as the answer depends on the situation � the amount you’ve risked and how winning could affect your life � as well your willingness to take risks, and whether you care about making the correct mathematical decision.
Let’s start with that last part.
When making any bet � whether it be on a game, a future or a hedge � you should always ask yourself whether you believe the outcome you’re predicting has a better chance of happening than what the odds suggest.
So in the Kansas example above, the mathematically correct decision would depend on whether you thought there was at least a 71.4% chance (implied probability from -250) that another team would win the championship.
But “mathematically correct” doesn’t have to mean “right under the circumstances,” which is where the answer to this question starts to change on a case-by-case basis.
For example, if your original bet was incredibly unlikely at the time, and hedging still leaves you with a life-changing amount of money regardless of the outcome, it probably makes sense to hedge � again, even this scenario is going to depend on your willingness to take risks.
On the other hand, if you just threw some loose change on a future for fun, and the potential loss isn’t going to hurt, the more entertaining play is certainly to let it ride.
So while there’s no consistently right or wrong answer � unless, of course, you are bound by math � consider all of your options before hedging.
And if you’re curious how much of a profit you can guarantee by hedging, check out our hedging calculator here.
Bet Futures Now at BetMGM.
Hedging is most often associated with future bets. You can bet futures now � everything from the Super Bowl winner to The Masters � at BetMGM.


Sports Gambling 101: What is Hedge Betting?
Simply stated, hedge betting is placing a wager on the opposite side of an existing bet. Played regularly by some, and rarely by others, the value of hedge bets differs from player to player. There are a few reasons to hedge bet and players can find opportunities to do so with easy access to live wagering platforms. Players place hedge bets to reduce original risk, set up guaranteed returns or create an opportunity to cash in on both sides of a betting option.
Hedge Betting to Reduce Original Risk.
Creating Guaranteed Profit With Hedge Bets.
Bettors who wanted to kick back and just enjoy the game set up a guaranteed win by betting on Kansas City with the -120 moneyline. The math was pretty simple, as a $2200 bet on the Chiefs returned $1800 profit if the 49ers won and a $1,833 profit if Kansas City won. Bettors who didn’t hedge were left with the net $100 loss when the Chiefs posted a 31-20 come-from-behind win over the 49ers. It was a classic “A bird in the hand is worth two in the bush” scenario.


How To Hedge A Sports Bet.
Sports betting strategy.
In life, when someone hedges a situation they are limiting their exposure to the downside. In day to day life, someone can hedge many things.
When someone hedges in sports betting they are limiting their exposure to a potential financial loss. Hedging a bet is an advanced strategy used by sports bettors to either reduce the risk of a wager or to guarantee a profit of some kind from a wager.
Similar to middling a wager, hedging is a strategy that involves placing wagers on the opposite side of your original bet. As futures bettting has become more popular, so has hedging. New sports bettors might have heard about the sports betting risk management strategy in mainstream media.
If nothing else, hedging a bet has become a popular discussion point for any occasion when a sports bettor has a futures wager pending that could result in a large win. Hedging a bet is a way to guarantee at least some kind of win.
While there’s mainstream media coverage about hedging a wager, there isn’t much mainstream information on how to hedge a bet.
What is hedging a bet?
Hedging a bet is a strategy in which a bettor will place a second wager against the original bet when they’re unsure that the outcome of a wager will be a win.
Even if a bettor thinks they might win, they could decide to hedge a bet just to be safe and guarantee they walk away as a winner. The win won’t be as large but the additional wager is a way to create some kind of insurance if the original wager loses.
Hedging is a useful strategy even though betting on all sports isn’t the same. Futures wagers are long term bets that use a moneyline. Some individual games use a point spread while betting on other sports may involve a moneyline.
A bettor can hedge against any of these types of wagers. This strategy allows the bettor to walk away as a winner or less of a loser if they choose.
How to hedge a bet.
Hedging a bet isn’t difficult. However, the concept isn’t at the forefront of everyone’s mind when placing a wager. Hedging a bet is protecting some kind profit that was � and still may be � possible from an original wager.
Hedging a bet is done by placing a second wager against the original wager that will guarantee that the bettor sees some kind of profit at the end of the event. A bettor can hedge a future bet or hedge individual games. Here’s an example of hedging a futures bet:
Original wager : $100 futures bet on the New York Jets to win the Super Bowl at 60-1.
This example shows that a hedge on a futures bet is still a profitable wager. The hedge protects the bettor from losing the entire potential profit from the wager.
Hedging a bet means the original bet isn’t as profitable as it could be. However, winning something is better than losing everything. That’s the purpose of hedging a wager.
This example also shows that everything risked (the original $100 wager and $6,000 potential win) is lost without hedging.
Some bettors don’t mind losing the $100 wager and potential profit. There are other bettors that prefer to walk away with some kind of profit after waiting an entire season.
Other times to hedge a bet.
Hedging a futures bet used to be the only time this strategy was discussed. Sports betting trends in the US are changing and so is how bettors use this strategy.
In Play wagering makes it easier to hedge against an existing pre-game wager that looks shaky. In the past, bettors had to wait until the middle of a game to place a halftime wager.
Parlay betting continues to become more popular every year. Bettors are now using the hedging strategy to ensure a win. A bettor will place a hedge on the final game of a multi-leg parlay to ensure some kind of positive result from a wager.
Depending on the amount of the original wager, a bettor might choose to hedge a little so they can mitigate a loss. Losing is never fun but losing less is better than losing everything risked.
Hedging a bet is a useful tool for any sports bettor. Gambling on sports does not have to be about winning or losing a wager. There are multiple strategies to use where a bettor can guarantee some kind of profit on certain wagers.


How To Hedge A Sports Bet.
Sports betting strategy.
In life, when someone hedges a situation they are limiting their exposure to the downside. In day to day life, someone can hedge many things.
When someone hedges in sports betting they are limiting their exposure to a potential financial loss. Hedging a bet is an advanced strategy used by sports bettors to either reduce the risk of a wager or to guarantee a profit of some kind from a wager.
Similar to middling a wager, hedging is a strategy that involves placing wagers on the opposite side of your original bet. As futures bettting has become more popular, so has hedging. New sports bettors might have heard about the sports betting risk management strategy in mainstream media.
If nothing else, hedging a bet has become a popular discussion point for any occasion when a sports bettor has a futures wager pending that could result in a large win. Hedging a bet is a way to guarantee at least some kind of win.
While there’s mainstream media coverage about hedging a wager, there isn’t much mainstream information on how to hedge a bet.
What is hedging a bet?
Hedging a bet is a strategy in which a bettor will place a second wager against the original bet when they’re unsure that the outcome of a wager will be a win.
Even if a bettor thinks they might win, they could decide to hedge a bet just to be safe and guarantee they walk away as a winner. The win won’t be as large but the additional wager is a way to create some kind of insurance if the original wager loses.
Hedging is a useful strategy even though betting on all sports isn’t the same. Futures wagers are long term bets that use a moneyline. Some individual games use a point spread while betting on other sports may involve a moneyline.
A bettor can hedge against any of these types of wagers. This strategy allows the bettor to walk away as a winner or less of a loser if they choose.
How to hedge a bet.
Hedging a bet isn’t difficult. However, the concept isn’t at the forefront of everyone’s mind when placing a wager. Hedging a bet is protecting some kind profit that was � and still may be � possible from an original wager.
Hedging a bet is done by placing a second wager against the original wager that will guarantee that the bettor sees some kind of profit at the end of the event. A bettor can hedge a future bet or hedge individual games. Here’s an example of hedging a futures bet:
Original wager : $100 futures bet on the New York Jets to win the Super Bowl at 60-1.
This example shows that a hedge on a futures bet is still a profitable wager. The hedge protects the bettor from losing the entire potential profit from the wager.
Hedging a bet means the original bet isn’t as profitable as it could be. However, winning something is better than losing everything. That’s the purpose of hedging a wager.
This example also shows that everything risked (the original $100 wager and $6,000 potential win) is lost without hedging.
Some bettors don’t mind losing the $100 wager and potential profit. There are other bettors that prefer to walk away with some kind of profit after waiting an entire season.
Other times to hedge a bet.
Hedging a futures bet used to be the only time this strategy was discussed. Sports betting trends in the US are changing and so is how bettors use this strategy.
In Play wagering makes it easier to hedge against an existing pre-game wager that looks shaky. In the past, bettors had to wait until the middle of a game to place a halftime wager.
Parlay betting continues to become more popular every year. Bettors are now using the hedging strategy to ensure a win. A bettor will place a hedge on the final game of a multi-leg parlay to ensure some kind of positive result from a wager.
Depending on the amount of the original wager, a bettor might choose to hedge a little so they can mitigate a loss. Losing is never fun but losing less is better than losing everything risked.
Hedging a bet is a useful tool for any sports bettor. Gambling on sports does not have to be about winning or losing a wager. There are multiple strategies to use where a bettor can guarantee some kind of profit on certain wagers.




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