Sports Betting Tactics: How to Hedge Your Bets

 


In this article, we will discuss some sports betting tactics and strategies for hedging your bets.

 

Hedging with a Money line Bet

One common way to hedge your bets is to place a money line bet on the opposing team or player. For example, let's say you've bet on the favorite team to win, but as the game progresses, the underdog team starts to gain momentum. You may want to place a money line bet on the underdog to win, to offset the potential loss from your original bet.

 

Hedging with a Point Spread Bet

Another way to hedge your bets is by placing a point spread bet on the opposing team or player. A point spread bet is a wager on the margin of victory, and you can use it to offset the potential loss from your original bet. For example, let's say you've bet on the favorite team to win with a -6-point spread. If the game is close, you may want to place a point spread bet on the underdog with a +6-point spread, to potentially offset the loss from your original bet.

 

Hedging with a Futures Bet

Futures bets are wagers on the outcome of a tournament or season. For example, you might bet on a team to win the Super Bowl before the season starts. As the season progresses, you may want to hedge your bet by placing a wager on another team to win the Super Bowl, especially if your original team is not performing well.

 

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Hedging with In-Game Bets

In-game bets are wagers placed after a game has already started. You can use in-game bets to hedge your bets by placing wagers on the opposite outcome of your original bet. For example, let's say you've bet on a team to win before the game starts, but they are losing at halftime. You may want to place an in-game bet on the opposing team to win, to potentially offset the loss from your original bet.

 

Hedging with Parlays

Parlays are bets that combine multiple wagers into one. You can use parlays to hedge your bets by including opposing bets in the same parlay. For example, let's say you've bet on the favorite team to win, but you're not confident in that outcome. You may want to include a smaller wager on the underdog team to win in the same parlay. If the underdog team wins, you can potentially offset the loss from your original bet.

 

Hedging with Arbitrage Betting

Arbitrage betting involves placing bets on both sides of an event at different sportsbooks to guarantee a profit regardless of the outcome. For example, let's say you've bet on a team to win at one sportsbook, but the odds are better for the opposing team at another sportsbook. You may want to place a bet on the opposing team at the second sportsbook to guarantee a profit regardless of the outcome.

 

Conclusion

 

Hedging your bets is a useful sports betting tactic that can help you reduce potential losses or secure a profit. By using money line bets, point spread bets, futures bets, in-game bets, parlays, and arbitrage betting, you can hedge your bets in a variety of ways. However, it's important to remember that hedging your bets should not be your primary betting strategy, and it should only be used in specific situations where it makes sense to do so.


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