Wager Mage
Wager Mage
Photo: Keith Lobo
The higher the risk/reward for a parlay bet, the more likely a bettor should be to use hedging. Most small, low-risk parlay bets should not be hedged. On the other hand, hedging should always be taken into account with a high risk/reward parlay.
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Read More »What the heck does a hedge have to do with sports betting? A row of bushes or small trees planted close together that sometimes forms a fence or boundary seems to have very little to do with wagering money on a game. Well, by this definition, it has nothing to do with sports betting. Unless maybe some prop bet is being placed on the Stanford Cardinal mascot. Discussing shrubs is a lame way of introducing hedging in sports betting, but it doesn’t take from away its importance. Hedging is a massive part of becoming a successful sports bettor.
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Read More »Future bets are the perfect opportunity to hedge a bet and limit risk, yet still profit. Quite simply put, a hedge bet becomes more logical as the original futures bet gets closer to winning. Take, for example, a bettor placing a $100 bet on the Los Angeles Rams to win the Super Bowl before the season starts. This type of bet would obviously have a high risk, but would also have a high payout. (In reality, in 2018, a preseason $100 bet on the Rams to win the Super Bowl would net about a $1,500 profit.) If the Rams don’t make the playoffs or lose early in the postseason, the bettor is out of luck. But, if the Rams make it to the NFC Conference Championship or the Super Bowl, it’s time to consider a hedge bet. With about a $1,500 profit on the line, the bettor has some wiggle room. Say the bettor decides to wait until the Super Bowl to hedge. The bettor can then take any money from that potential $1,500 profit and place it on the opponent, knowing that one of the two teams has to win. Especially if the Rams are favorites, this guarantees the bettor a very nice profit, regardless of the outcome.
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Read More »Live, in-play bets are one final way hedging can be used. Any live, in-play bet just means a wager on a game that is currently taking place. The Packers and Patriots scenario from above was a perfect example of this. Any point in a live game wager where the odds of a hedge bet can guarantee the bettor a profit, hedging should at least be taken into consideration. There isn’t always a right or wrong way to use hedging, and that’s why it’s tricky. It’s perfectly acceptable to let a bet ride all the way to its completion, win or lose. It’s also perfectly acceptable to hedge a bet and guarantee a profit, albeit a smaller one. Tools and calculators exist to help figure out the best times and opportunities to hedge. Some experts will say to hedge when a certain amount or percentage of a profit can be guaranteed. What’s possibly the best advice? Judge each and every situation by its own characteristics. A bettor could hold off on hedging if she has the utmost confidence in her bet. On the flip side, a bettor could pounce on an opportunity to hedge if he feels as if he’s gotten lucky. Each and every bet has its own unique characteristics and should be treated as such. Regardless of the situation, the most experienced sports bettors always have hedging as an option on the table. With almost any type of bet, hedging is a strategy that can not only help net a solid profit but can also alleviate all risk. Find all of our articles on sports betting strategy tips & advice >> Alex Altmix is a featured writer at BettingPros. For more from Alex, check out his archive.
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3 Team Parlay Payout Using standard -110 odds on each leg of the parlay, a fair three team parlay payout is 6.96 times whatever your wager amount...
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