Hedging - What Does To Hedge A Bet Mean?
"Hedging a bet" is placing another bet or more, when your wager is looking like a good thing to be a winner. Therefore, to hedge a bet, is to bet both sides, or all outcomes of an event. Otherwise knows as arbitrage(arb).So, if you bet Chelsea to win the FA Cup at 6/1 and they reach the final against Coventry, you may decide to hedge your bet by wagering more money on Coventry to win and/or draw the match aswell. Thereby guaranteeing a profit, or returned stakes, regardless of the final result.
Hedging Example:
♠ Wager £1.00 single Chelsea at 6/1 odds early in the competition =£7.00 returns.
♠ Wager £1.00 single Coventry to win at 2/1 odds on final day =£3.00 returns.
♠ Wager £1.00 single Coventry to draw at 2/1 odds on final day =£3.00 returns.
# Total Stake =£3.00, returns are £7.00 Chelsea, £3.00 draw or Coventry victory.
The truth is, it depends on many things. Possible returns against losses, size of initial stake wagered, in-running position of your selection, life-changing win amount and so on.
♠ Always Hedge Large Accumulators or Parlays
♠ Casinocity - Hedge Bets Are Almost Always a Bad Strategy
♠ Gambling Rule 7 - Thou Shalt Not Hedge Thy Bets, Unless..
♠ Hedge Betting Wiki Information Webpage
♠ Hedging & Spread Betting Articles
♠ Hedging Calculator
Labels: UK_Betting_Terminology
Posted at 00:25, Friday, 30 March 2007 by the Sandracer

