How do I hedge my bets? For example inside.

Caladonian

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Activity: 1302

Merit: 540

Quote from: Hydrogen on February 04, 2017, 06:55:48 PM

Quote from: Lionidas on February 04, 2017, 05:25:41 PM

But I do not understand these statistics you have mentioned. Undecided

I usually bet on a final out come and the odds are for example: 1.7 or 1.35 when i place a bet (these are american odds). I do not know about what these units are all about.
But I noticed that I placed a bet on a team that I think will not win now so I want to bet on the other team if they do manage to win but by 2 or more goals. So what i am saying is that I do not want to lose on both tickets.
This is the reason why I am wanting to place this second bet but to cover both outcomes.
-2.5 is what is offered on the other team but i do not think the winning team is powerful enough to win by more than 2 goals.
So this is not hedging your bets so to cover your own bets from losing on either of them?

Hedging needs better than -100(2.00) odds to cover.

1.7 or 1.35 are decimal odds.
+358, -158 format are moneyline.

Moneyline works on the basis of 100. A + is the amount you will receive if you bet 100 and win. +358 means if you bet 100, you will win 358.

A - is the amount you must bet to win 100. -158 means you must bet 158 to win 100.

The idea with hedging is to have better than 2.00 decimal odds on both outcomes so that if you bet $1 on both, you will still win.

There are different ways to approach this, prop betting, parlays, etc.

Alexa Grasso via KO/TKO (+360)
Felice Herrig via Submission (+925)

+360 means $100 bet will win $360.
+925 means $100 bet will win $925.

A person could bet $100 on both outcomes and their winnings would be greater than their losses.

Of course this doesn't cover other outcomes like a draw, or wins or losses by decision.

That's a drawback with hedging. It offers less coverage for greater risk.

So even you bet same amount theres still possibilities that you can win? Im not really familiar with this hedging and im reviewing your example so i can also try for OP we needed to be more familiar with the system in order for us to know how we can maximize our earnings. Good luck mate.

Lionidas

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Activity: 1008

Merit: 1012

Now I understand completely! Grin

Thanks for that very defining explanation how this strategy for betting against the odds works. Wink

I remember seeing someone asking if there was somebody who would place a bet against his on the super bowl for 2 btc. Now that is a very confident hedging on a bet if your going to risk this much. But in the end you do not lose anything just the one who placed the opposing bet against him.

Hydrogen

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Activity: 2562

Merit: 1441

Quote from: Lionidas on February 04, 2017, 05:25:41 PM

But I do not understand these statistics you have mentioned. Undecided

I usually bet on a final out come and the odds are for example: 1.7 or 1.35 when i place a bet (these are american odds). I do not know about what these units are all about.
But I noticed that I placed a bet on a team that I think will not win now so I want to bet on the other team if they do manage to win but by 2 or more goals. So what i am saying is that I do not want to lose on both tickets.
This is the reason why I am wanting to place this second bet but to cover both outcomes.
-2.5 is what is offered on the other team but i do not think the winning team is powerful enough to win by more than 2 goals.
So this is not hedging your bets so to cover your own bets from losing on either of them?

Hedging needs better than -100(2.00) odds to cover.

1.7 or 1.35 are decimal odds.
+358, -158 format are moneyline.

Moneyline works on the basis of 100. A + is the amount you will receive if you bet 100 and win. +358 means if you bet 100, you will win 358.

A - is the amount you must bet to win 100. -158 means you must bet 158 to win 100.

The idea with hedging is to have better than 2.00 decimal odds on both outcomes so that if you bet $1 on both, you will still win.

There are different ways to approach this, prop betting, parlays, etc.

Alexa Grasso via KO/TKO (+360)
Felice Herrig via Submission (+925)

+360 means $100 bet will win $360.
+925 means $100 bet will win $925.

A person could bet $100 on both outcomes and their winnings would be greater than their losses.

Of course this doesn't cover other outcomes like a draw, or wins or losses by decision.

That's a drawback with hedging. It offers less coverage for greater risk.

Lionidas

hero member

Activity: 1008

Merit: 1012

Quote from: Hydrogen on February 04, 2017, 04:18:45 PM

Most use prop bets or odds over -100 to hedge.

Example from tonight's UFC card.

Alexa Grasso via KO/TKO (+360)
Felice Herrig via Submission (+925)

If those were the two most likely outcomes 1 unit on each play could hedge for either athlete winning.

Hedging with odds lower than -100 doesn't work afaik.

But I do not understand these statistics you have mentioned. Undecided

I usually bet on a final out come and the odds are for example: 1.7 or 1.35 when i place a bet (these are american odds). I do not know about what these units are all about.
But I noticed that I placed a bet on a team that I think will not win now so I want to bet on the other team if they do manage to win but by 2 or more goals. So what i am saying is that I do not want to lose on both tickets.
This is the reason why I am wanting to place this second bet but to cover both outcomes.
-2.5 is what is offered on the other team but i do not think the winning team is powerful enough to win by more than 2 goals.
So this is not hedging your bets so to cover your own bets from losing on either of them?

Hydrogen

legendary

Activity: 2562

Merit: 1441

Most use prop bets or odds over -100 to hedge.

Example from tonight's UFC card.

Alexa Grasso via KO/TKO (+360)
Felice Herrig via Submission (+925)

If those were the two most likely outcomes 1 unit on each play could hedge for either athlete winning.

Hedging with odds lower than -100 doesn't work afaik.

Lionidas

hero member

Activity: 1008

Merit: 1012

I have a bet for a team to win lets call them Bears.
Now I place a bet for them to win on a main line bet.

Now my second bet would be for the other team let's call them Bulls.
But I still want the Bears to win the game but not by too much.

If their is a pick for the Bulls to win -2.5 would my bet still win if the Bears won the match by only 1 or 2 goals?

Topic: How do I hedge my bets? For example inside. (Read 457 times)