Hedging is a strategy to reduce your risk. Additionally, it can be used in beating the bookie. It allows you to maintain a healthy bankroll and minimize losses with hedging.
Learning how to hedge sports bets can be challenging. However, the idea is simple. Hedging involves wagering on a different result than the one you initially bet on. As a result, the strategy can provide more profits or reduce the exposure of your original wager. Thus, you lower potential losses.
Beating the Bookie with Hedging
There are several scenarios where you can beat a bookie PPH operator through a proper hedge. The first one is to profit on playoff futures with hedging. If you hedge the wagers correctly, betting on a postseason series.
For instance, when you are betting on the NBA and the Golden State Warriors are playing the Boston Celtics in the finals of the NBA championship. You placed a bet on Boston as an underdog at +400.
If the Celtics are up 2-0 and heading home for the next two games, then the Warriors’ odds become longer than their initial odds of -100. So you can wager $200 on the favorites to win the championship and still profit no matter which team wins the title.
If the Celtics win, you’ll gain $400 on top of the stake and less the $200 you bet on the Warriors. Thus, that’s a $200 gain. On the other hand, you’ll win $200 if the Warriors win, less the $100 you bet on the Celtics. It will be a profit of $100.
You can also opt to bet $100 on the Warriors. Thus, you break even when GSW wins and maximize your payouts when Boston wins. According to Bwager Sports Betting Software and Platform expert, hedging is a conservative way of protecting the bankroll.
You don’t need to hedge if you are confident with your wagers. However, we recommend hedging series futures if you want to beat the bookie. In addition, you can learn more wagering strategies by visiting our sports betting tutorials page.
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