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Kelly criterion method
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Increase Your Chances of Winning Long Term Betting on Sports
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Choosing a staking method based on your betting profile
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Sports-betting- a game of numbers
Market movement in betting
Types of odds explained
European types of bets explained
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Martingale Considerations in Sports Betting
In-play betting
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A Crash Course in Horse Racing
A Crash Course In Sports Betting
American odds versus decimal odds
Bankroll management
Money management in sportsbetting- odds, edge and variance
Basic bet types explained
Paying for Picks
Betting on winning streaks
Betting psychology- a crash course about aspiring professional bettors
Popular Sports Betting Beliefs
Do you make these 9 sportsbetting mistakes?
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Exchange betting
Randomness in sportsbetting
Fractional versus decimal odds
Home team advantage analised
How bad at sportsbetting are you?
Reasons to Keep Betting Records
How bookmakers make money
How bookmakers work
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Should You Bet on Multiple Sports or Specialize?
How do free bets work
How does luck influence short term betting
How good are betting tipsters
Sports Betting for Beginners
How loss aversion impacts performance
How many sports to bet on
How Much Should You Bet On a Sporting Event?
Staking-one method to improve your betting
How much you should risk per bet?
How Sports Betting Has Changed Over the Last 20 Years
How To Avoid A Big Sports Betting Loss
The art of multiple betting
The history of lotteries
The value of information in soccer betting
Three careers ideally suited to betting
Tips for Better Sports Betting Results
Types of Online Sports Betting Bonuses
Understanding and managing your risk of ruin
Understanding Horse Racing Bet Types
Understanding Live Betting
Value betting is an essential skill for bettors
Ways to Increase the Percentage of Sports Bets You Win
What are drawdowns and how to manage them
What are the most common mistakes the bettors make
What are the real chances of winning the lottery?
What distinguishes winning from losing betors
What is a handicap soccer betting?
What is the Fibonacci betting system?
What is the Labouchere betting system
What is the Martingale staking system
Why do we gamble? Irrationality and overconfidence
Why patience is an essential trait for any serious bettor
Poisson Distribution: Predict the score in soccer betting
Fixed Staking vs. Variable Staking
Basketball betting: Bet types explained
7 Sure-Fire Baseball Betting Strategies
How Does In-Play Betting Work?
To Parlay, or Not to Parlay?
Wisdom of the Crowds applied to betting
CASINO ARTICLES
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How to Gamble with Dice – Popular Dice Games and Their Variations
How Online Casinos Helped Me Love Roulette Even More
My Top Three Tips for Getting Comps in Casinos
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5 Gambling Tricks You Can Only Use Online
5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO
5 REASONS CASINO GAMES ARE SO ENTERTAINING
5 Things All Casino Gambling Fans Are Sick of Hearing
5 Tips to Managing Your Casino Bankroll Effectively
The Five Most Important Tips I Ever Learned on Bankroll Management
5 Rookie Mistakes in Blackjack and How to Avoid Them
7 roulette variations probably you have never heard of
7 THINGS YOU NEVER KNEW ABOUT CASINOS
7 Ways Casino Players Sabotage Their Chances of Success
How to Tell If You’re About to Make a Mistake with Your Next Casino Bet
The 12 Types of People I Meet in Casinos – Analyzing My Fellow Gamblers
10 SURE-FIRE CASINO GAMBLING STRATEGIES THAT WORK
What I Love Most About My Three Favorite Video Poker Games
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Baccarat and the Martingale System – Can It Work?
Is There a Gambling System That Never Loses?
Combining the Martingale System with Odds Bets in Craps
Which Bets on Which Casino Games Offer the Best Odds of Doubling Your Money?
What’s Next for Online Gambling?
Using Self-Discipline in the Casino
20 ONLINE GAMBLING TIPS
Going All-In – When to Bet It All in Poker
10 Things I Wish I’d Known About Roulette Before I Started
Who’s the Best Video Poker Player in the World
Are No-Deposit Bonuses at Online Casinos a Waste of Your Time or Worth Going For?
Are Online Casino Bonuses Worth Taking?
BEATING BACCARAT – WINNING SYSTEMS & STRATEGIES
CHOOSING THE RIGHT SLOT MACHINE
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Finding the Best Slots Online
Gambling and Poker Playing: 10 Things to Know
GAMBLING GAMES THAT ARE REALLY WORTH TRYING
HOW TO AVOID GOING BROKE AT THE ROULETTE WHEEL
HOW TO GET YOUR FIRST ONLINE CASINO SIGNUP BONUS
How to make a million playing video poker
How to Spend Your Gambling Winnings
HOW TO SURVIVE A BLIZZARD AT THE CRAPS TABLE
HOW TO WIN AT ROULETTE
How to Win Consistently at Casino Gambling
How to Win Consistently at Craps
How to Win Consistently at Roulette
HOW VOLATILITY WORKS IN CASINO GAMBLING
Is It Possible to Play Roulette as a Career (Or Even as a Part Time Gig)?
Is One Blackjack Game Better Than Another?
MONEY MANAGEMENT STRATEGY FOR YOUR NEXT CASINO TRIP
ONLINE CASINO DISPUTES
SKILL BASED CASINO GAMES: PROS AND CONS
The 5 secret joys of casino gambling
The Benefits of an Online Gambling Environment
The Best Long-Term Strategies for Playing Progressive Jackpot Slots
THE BIGGEST JACKPOTS IN ONLINE GAMBLING
THE EASIEST WAY TO LEARN BLACKJACK STRATEGY
THE HOUSE EDGE
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The Surprising Secret to Winning at Casino Gambling
Who Takes Care of Your Safety at Online Casinos?
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WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
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HOW TO HEDGE A BET FOR A GUARANTEED PROFIT

From the world of finances to casino games, hedging is a key strategy applied across the board by professional bettors as a means of reducing risk and securing winnings. Here’s how to use hedging in the outright sports betting markets to secure profits.

Predicting the outright winner in a future market is not easy. Even in cases of a clear favourite, betting on the market leader involves tying up a significant amount of your bankroll for the duration of the tournament, at a high risk and for a relatively small reward. Unattractive? I thought so.

Rather than looking directly at identifying the winner of a competition, this article explains how you can make a profit in the outright markets even before the competition is over by using the hedging strategy.

Hedge to guarantee profits

The concept of hedge betting involves placing bets on a different outcome, or outcomes, subsequent to an original bet in order to create a situation where there is a guaranteed profit, irrespective of whether the original bet wins or loses.

For those familiar with arbitrage betting, that also involves placing two or more bets on different outcomes for guaranteed profits, there is a key difference between the two strategies. The purpose of arbitrage is to spot discrepancies between the odds offered by different bookmakers and place bets on all possible outcomes accordingly.

Hedging, on the other hand, is based on taking advantage of changes in circumstances and requires only one account, preferably with a bookmaker who welcome winners like Pinnacle. Here’s why we accept winners.

 

Too good to be true? Read on to find out how to make profit from hedging with examples.

Hedging in practice

Hedging a bet on the winner of a tennis tournament is one of the most common uses of a hedge betting strategy. Before using it though, you should understand what it takes for the strategy to be successful. Let’s take the example of the WTA Wimbledon 2015.

Hedging involves placing bets on different outcomes in order to secure a guaranteed profit irrespective of whether the original bet wins or loses.

Garbiñe Muguruza, the Spaniard who had not gone beyond the second round in her two previous visits to the All England Club, surprised everyone when she managed to dispatch Radwanska and win a place in her first ever Grand Slam final against Serena Williams. 

The meteoric rise of the 21-year-old, however, was hardly out of nowhere. Muguruza had beaten Williams handily in the second round at Roland Garros in the year before and went into Wimbledon perfectly fit. The markets, however, failed to see a star in the making, with the Pinnacle Sport’s opening line for Muguruza to win the title at 41.00. 

Let’s say, for the sake of this example, that you had placed a bet of $10 on Muguruza to win Wimbledon at the opening odds. That would give you a return of $410 if she won the tournament. As the Spaniard progressed from round to round and reached the final against the Number 1, the odds for Williams to win the final (and therefore the tournament) were at 1.85, providing an ideal opportunity for locking in profits irrespective of the final outcome.

 

To achieve a balanced return regardless of which player wins, you have to divide the return of the initial bet by the price of the opposite outcome (i.e. 410/1.85 = 221.62). Here's how the calculation of profit works:

Calculating profit

Outcome

Total amount wagered

Odds

Return

Profit

Muguruza wins

$10 + $221.62 = $231.62

41.00

$10 x 41.00 = $410

$178.38

Williams wins

$10 + $221.62 = $231.62

1.85

$221.62 x x1.85 = $409.99

$178.37

The above example illustrates how the correct assessment of the performance of a player offered the opportunity of a guaranteed profit in the outright market of the Wimbledon, allowing you a profit of more than $178 for a risk of only $10, as well as the luxury to enjoy the final safe in the knowledge that you are already a winner.

Adjust hedging to your advantage

To make things more interesting, hedging allows you to distribute the risk, and hence your winnings, based on your judgment regarding the final outcome. Let's say, for example, that you believed Williams would win the final and wanted to secure a higher profit. For that, you would have to increase the amount bet on Williams. Here's one way to distribute the profit in favour of the outcome by placing $300 on Williams at 1.85 ahead of the final. 

Adjusting the hedge

Outcome

Total amount wagered