What is hedging in sports betting?

Hedging in sports betting refers to the practice of placing additional wagers on different outcomes to limit potential losses or guarantee a profit. This strategy can involve betting on the opposite outcome of an original bet or diversifying wagers across multiple options. For example, if someone bet on a team to win a championship and they make it to the final but may not win, the individual may hedge the bet by placing another wager on the opposing team to win. This can help minimize the risk of losing the original bet and potentially secure a profit.

This mind map was published on 18 May 2023 and has been viewed 95 times.