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A Beginner’s Guide to a Hedge Bet in Sports Betting

Sports betting is exploding in popularity in the United States and other countries. This betting was legalized by the US Supreme Court in 2018 and rapidly turned into one of the biggest emerging industries in the country. The industry is now worth over $10 billion.

It has become a beloved pastime for millions of Americans who want to create even more excitement on game day.

If you’re interested in entering the world of sports betting, CryptoRush’s series of guides will help you place your first wager with confidence. Read on to learn more about one of the most popular betting options (hedge bets).

What is a Hedge Bet in Sports Betting?

I’m sure you’ve heard someone in your life use the term “hedge your bets.” While this is a sportsbook term, it entered mainstream lingo a long time ago. So, what is a hedge bet in sports betting?

A hedge bet in sports betting is a way to minimize risk and make sure you take home the largest possible profits. It’s a strategy that involves placing wagers on the opposite side of your original bet to make sure you win no matter the final score.

However, it’s important to understand that a hedge bet in sports betting is not always a guarantee of success. You have to play not only the bet, but the spread and odds as well to be successful.

This strategy can work for any sport, including the NFL, college basketball, professional baseball, and more.

Examples of Hedge Bets in Sports Betting

Here’s how hedge bets work. Let’s say you placed a wager mid-season that the Dallas Cowboys will win the NFL Superbowl at the end of the year. The team has a strong record, few injuries, and a great head coach that has turned the franchise around. You feel confident that they have a good chance of making the Superbowl and winning the game.

You get to the end of the season and the Cowboys have made the playoffs. They’re facing off against the Kansas City Chiefs next weekend to see who wins the trophy. How can you hedge your bets in this scenario?

If both teams have even odds of winning the Superbowl, you can hedge your bets against the Cowboys losing by betting on the Chiefs as well. Let’s say you bet $200 earlier in the season that the Cowboys will win the Superbowl, with 100 to 1 odds. If you win, you’ll take home $20,000 total ($19,800 in profits after your initial bet).

If these two teams have even odds for the Superbowl, you can successfully hedge your bets by wagering $10,500 on the Chiefs.

“Wow,” you’re probably thinking. “That’s a lot of money! What if I lose it all?” The beauty of hedging your bet is that if the Cowboys win the Superbowl you’ll walk away with $9,500 (after winning $20,000 on the bet and losing $10,500 on your hedge).

On the other hand, if the Chiefs win you’ll still lose your original $200 bet on the Cowboys, but you’ll win nearly $9,000 from your hedge bet. This is what is a hedge bet in sports betting.

Either way the game goes, you’ll win big. This is the beauty of a hedge bet in sports betting.

Advantages and Disadvantages of Hedge Betting in Sports

There are several advantages to hedge betting in sports if done correctly. If you correctly assess the odds and make a wise wager, you’ll win a big return no matter which team wins the game itself. This is one of the reasons why advanced gamblers love hedge betting.

Ultimately, it helps you manage risk. You can always minimize the risk of losing money and in some cases, you can actually eliminate the risk entirely. That’s incredible!

However, the disadvantage of hedge betting is that it requires a steep learning curve and a discerning eye. This is not a tactic we recommend for beginners.

That’s because hedge betting can result in significant losses if you mismanage the odds. This is more likely when betting on games that don’t have even odds.

Another major disadvantage associated with hedge bets in sports betting is that it cuts into your profits. Let’s take the example above to demonstrate.

If you hadn’t hedged your bet against the Cowboys by placing a $10,500 wager on the Chiefs, you would have walked away with $19,800 in pure profit. While hedging your bets does reduce risk and uncertainty, it also cuts into your profits on winning bets.

Despite this disadvantage, this is a tradeoff that most experienced players will take 9 times out of 10. That’s because you’re more likely to come out ahead in the long run and maintain a profit.

Why Choose CryptoRush for Sports Betting?

CryptoRush is the premier website for crypto sports betting. We’ve amassed a cult following and tens of thousands of loyal members by creating an easy-to-use website, offering massive player bonuses, and allowing you to bet on your favorite sports from anywhere in the world.

In addition, we are a cryptocurrency-based website that lets you fill your account and withdraw money directly to your crypto wallet. Players love the quick turnaround on money transfers, which happen within minutes when you use cryptocurrency. Compare this to traditional banking and payment processors, which can take three or more days to transfer your funds.

In addition, we offer our members complete anonymity. At CryptoRush, you never have to share any personal details. All you need to create an account is your email address and crypto wallet.

Finally, cryptocurrencies are based on Blockchain technology. This public ledger records every single transaction and guarantees that you have a record of your finances. By introducing transparency into the financial side of sports betting, CryptoRush has created a trusted platform that users can rely on.

How to Get Started with Hedge Betting on CryptoRush

Getting started with hedge betting has never been simpler with CryptoRush. To get started, all you need to do is create a CryptoRush account using an email address. Then, link your crypto wallet to your account and transfer your starting balance to your betting account.

Visit http://cryptorush.com to create an account. If you encounter any problems, like an error message or the site fails to load, then CryptoRush may be unavailable in your country.

Don’t worry. You can still access the site if you use a VPN. We recommend NordVPN, Norton VPN, and ExpressVPN as the best options for crypto casinos. Once you’ve downloaded your VPN, you’ll need to change your IP address to a different country before accessing the site again.

Next, it’s time to create an account using your chosen email address. We’ll also ask you to link your crypto wallet so you can transfer funds in and out of your account.

Select Sports Betting from the dropdown menu at the top of the CryptoRush and then choose a sport to bet on. You’ll find the option to wager on Hedge Betting on this page. Select a future game and enter your wager to place your very first bet.

Now, it’s time to watch the game with a new level of stakes. Sit back and watch as your wager hits big and gives you your first big payout!

If you’re placing alternative bets, like prop lines and futures, you’ll need to dive even deeper. Take a look at individual player stats, recent winning streaks, player injuries, and team rivalries before making a prediction.

Marcus Taylor.

Author

Marcus Taylor helps startups and emerging technology companies create innovative, results-driven go-to-market and content marketing strategies. Throughout his career, he has completed large-scale marketing projects and produced ghostwritten content for Google, Boston Consulting Group, Nutanix, Teradata, the Arms Control Association, McGraw Hill Publishers, Masthead Media, BairesDev, and many more. This includes bringing cutting-edge cybersecurity, cloud computing, artificial intelligence (AI), Software as a Service (SaaS), and quantum computing products to market.