How does hedge betting work?

Hedge betting involves placing two or more bets on different outcomes in order to reduce potential losses. By betting on both sides of a particular event, a bettor can guarantee a profit regardless of the final outcome. For example, if someone bets on both team A and team B in a soccer match, they will profit if either team wins, but will not lose money if either team loses. Hedge betting is commonly used in sports betting, but can also be applied to other types of betting such as the stock market or political events. Overall, hedge betting allows bettors to minimize their risk and maximize their potential earnings.

This mind map was published on 18 May 2023 and has been viewed 127 times.