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There is a solution, depending on your risk tolerance level. Kansas City is a 3. Your second option is to bet against your parlay ticket by wagering on the Jets. Naturally, gamblers are ballsy. But is it a smart play to hedge a bet? It depends on which type of gambler you are. I liken not hedging a bet in the above scenario to letting it ride. By hedging the bet, you are guaranteed to win regardless of the outcome of the game. If you do bet against your parlay ticket and the Jets cover, your profits will be minimal.
But so is the risk. Perhaps you read the story about the die-hard Auburn fan that placed a wager on the Tigers to win the national championship. Prior to the game, this fan was advised by basically anyone with half a brain to hedge his bet by wagering on Florida State. He decided to let his loyalty to Auburn overcome logic and let it ride. To achieve a balanced return regardless of which team wins, you have to divide the return of the initial bet by the price of the opposite outcome, i.
To make things even more interesting, hedging also allows you to distribute the risk, and hence your winnings, based on your judgment of the final outcome. To do this, you would have to increase the amount bet on the Warriors. Had you bet the same amount on the opening line for the Warriors to win the Finals at 1. If all this is too much for you, why not do it the easy way with our Parlay Hedge Calculator below.
Enter the stake and payout of the original bet along with the odds of the other side of the bet your hedge. The Parlay Hedge Calculator will determine the optimal stake for the new bet to maximize guaranteed profit. Another way to get ahead of the bookies is with arbitrage betting.
What is arbitrage betting? Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
It is mandatory to procure user consent prior to running these cookies on your website. Sign in. Log into your account. Forgot your password? Password recovery. Recover your password. Get help. The Midfield. How To Hedge A Bet Hedging is a key strategy applied across the board by professional bettors as a means of reducing risk and securing assured winnings. To hedge or not to hedge, that is the question… For this post we will use the example of hedge betting an NBA Championship Futures Market bet.
What are the differences between hedge and arbitrage betting? The purpose of arbitrage is to spot differences between the odds offered by bookmakers and place bets on all possible outcomes accordingly. A fairly involved practice across multiple online bookmaking sites. Hedge betting, or hedging, on the other hand, is based on taking advantage of changes in circumstances in a market, and requires only one betting account.