It's the elephant in the room for all sports bettors…when should you hedge? Hedging often has a negative connotation, but responsible bettors know when to use it as a strategy and when to let their tickets ride. Here's how to do it successfully.
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What is hedging?
Hedging a bet is a strategy that has become more commonplace in recent years for sports bettors. The goal is essentially to secure a profit, albeit a smaller one than originally targeted, by eliminating the outcome of a loss through betting two sides of a contest.
In the process, the bettor wagers against the original bet they placed while the outcome is still up in the air. Even though a bettor may think the original wager could win, they choose to bet the opposite side, ensuring that they will win something no matter what happens.