When to Hedge a Bet | Sports Betting Education

https://oddsjam.com/subscribe: 7 day trial of sharp, profitable betting tools. The OddsJam co-founder graduated from Stanford in Math & Computer Science and has the goal of helping all sports bettors become more profitable.

In this sports betting tutorial Boyd explains what "hedging" is in sports betting terms. OddsJam is a betting tool that helps sports bettors identify value edges and in some cases a "hedge" bet may come into play. A "hedge" is when a separate bet is placed in order to protect the bankroll from its risk position.

There are several types of scenarios where hedging may take place, but essentially it is always a method used to protect losses. One example is making a hedge bet at the last leg of a parlay in order to guarantee a profit. In other cases a bet may be made during the season of a futures bet, which takes advantage of changing odds. Boyd even gave a scenario where a hedge bet can be used in conjunction with an opportunity to hit a "middle" bet.

Boyd explains that there is no right or wrong time to deploy a hedge bet, but leaving that decision up to the bettor. Boyd believes that the bet is to be handled as the risk factor for the bettor sees fit with their current situation. Getting in early on sports betting lines allows for great value, and it also can have risk if the market changes, but at least the opportunity to hedge is available to minimize risk.

Finally, Boyd offers a free 7 day trial to all newcomers to enjoy all of the positive expected value and data that OddsJam offers.

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