Title: How do I hedge my bets? For example inside. Post by: Lionidas on February 04, 2017, 07:55:36 PM 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? Title: Re: How do I hedge my bets? For example inside. Post by: Hydrogen on February 04, 2017, 08:18:45 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. Title: Re: How do I hedge my bets? For example inside. Post by: Lionidas on February 04, 2017, 09:25:41 PM Most use prop bets or odds over -100 to hedge. But I do not understand these statistics you have mentioned. :-\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. 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? Title: Re: How do I hedge my bets? For example inside. Post by: Hydrogen on February 04, 2017, 10:55:48 PM But I do not understand these statistics you have mentioned. :-\ 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. Title: Re: How do I hedge my bets? For example inside. Post by: Lionidas on February 05, 2017, 01:51:55 AM Now I understand completely! ;D
Thanks for that very defining explanation how this strategy for betting against the odds works. ;) 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. :) Title: Re: How do I hedge my bets? For example inside. Post by: Caladonian on February 05, 2017, 03:00:23 AM But I do not understand these statistics you have mentioned. :-\ 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. |