How To Hedge Bets

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How To Hedge Bets

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Hedge Stake = Original Stake / (Hedge Decimal Odds – 1) For example, say you bet $100 on the Jaguars to win the Superbowl at (+1000) early in the season. However, they're up against the Patriots in the Super Bowl. The Patriots are listed at (-200). You've decided you want to guarantee you make your money back. The Basics of Hedge Betting The best way to view hedge betting is to think of it as a form of insurance. It's actually a relatively straightforward strategy at its core, with the basic idea being to protect existing bets against potential losses. This is done by betting on outcomes that are different to the original wager. In sports betting, hedging a bet means betting both sides of a game to safe guard against a loss. Let's say at the start of the American football season you put $1,000 on an 8 to 1 shot winning the Super Bowl. They eventually make the Super Bowl as the favorites. The night of the game their opponent is 2 to 1.

The hedging technique has NOTHING to do with pricing discrepancies in the betting markets. As we mentioned earlier, the key to this technique is that we use it for existing wagers. The idea is simply that we back alternative outcomes when we want to change our position from a previous wager. Poker rules cheat sheet.
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.Related to hedge bets: hedge fund
hedge (one's) betsTo take an action in order to offset a potential future loss. I'm not too confident that I'll get the lead in the play, so I'm hedging my bets by trying out for several roles.
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
hedge one's betsFig. to reduce one's loss on a bet or on an investment by counterbalancing the loss in some way. Bob bet Ann that the plane would be late. He usually hedges his bets. This time he called the airline and asked about the plane before he made the bet.John bought some stock and then bet Mary that the stock would go down in value in one year. He has hedged his bets perfectly. If the stock goes up, he sells it, pays off Mary, and still makes a profit. If it goes down, he reduces his loss by winning the bet he made with Mary.
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.
hedge one's bets

Lessen one's chance of loss by counterbalancing it with other bets, investments, or the like. For example, I'm hedging my bets by putting some of my money in bonds in case there's another drop in the stock market . This term transfers hedge, in the sense of 'a barrier,' to a means of protection against loss. [Second half of 1600s] 
The American Heritage® Dictionary of Idioms by Christine Ammer. Copyright © 2003, 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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Craps Hedge Bets

Lessen one's chance of loss by counterbalancing it with other bets, investments, or the like. For example, I'm hedging my bets by putting some of my money in bonds in case there's another drop in the stock market . This term transfers hedge, in the sense of 'a barrier,' to a means of protection against loss. [Second half of 1600s] 
The American Heritage® Dictionary of Idioms by Christine Ammer. Copyright © 2003, 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
See also:
 Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster's page for free fun content. 
Craps Hedge Bets Link to this page: How To Hedge Football Bets