Hedge Betting Casino
If you enjoy sports betting or even if you are a casual sports betting fan, you may have heard of the term ‘hedge betting’. The term is often used on many betting websites. There are thousands of people around the world who are participating in hedge-betting all the time.
However, if you are unfamiliar with the term and do not know what hedge betting means, you are missing out on the action. Continue reading below to find out more about hedge betting and to decide if it is something you would be interested in using in the future.
What is Hedge Betting?
The first thing to be aware of when hedge betting is not to worry about the links with arbitrage betting and matched betting. Think about hedge betting as something different completely. Regardless of any similarities between them as we will come to that later.
Hedge betting involves placing a bet to cover an existing bet as a way to reduce risk or guarantee a profit. A simple example is backing Player A to win a tennis match and also betting on Player B to win the match, thus covering both potential outcomes.
For hedge betting to work you are looking for a change in odds over time. For example, when it emerges Lionel Messi gets injured for Barcelona in the match build and the odds will change due to his importance to the team.
The term 'Hedging Your Bets' or Hedge Betting basically involves placing multiple bets within the same market on various potential outcomes, taking advantage of variations across the market. This technique acts as an insurance mechanism when done correctly, and can minimise and potentially eliminate the chance of losing, with the bettor able to. As you can imagine, hedge betting is a pretty popular strategy for those who regularly bet as a hobby or for those who are professional gamblers. It’s just one of the many tools that is necessary for those who wish to earn the maximum amount for their betting efforts.
If you have backed the outsiders to win at a big price earlier in the day, the odds for a Barcelona will now have lengthened. You could back them at a different bookmaker and still make a profit.
Why Hedge a Bet?
For what reasons would you decide to hedge a bet? After all, you will not make as much profit from the bet as you would if you let it run. But, taking the above example, you may hear some important team news which means you no longer have the confidence in the team you backed to win.
This could lead you into hedge betting by placing a bet on the other team.
Spread the Risk
Losing confidence in a bet you have already placed is one of the major reasons for hedge betting. By placing a second bet to cover both outcomes, you may still end up losing money but it will be a minimal loss. This is much better than what would have happened if you allowed your original bet to run on its own.
Guarantee Profit
Yet, you can also use hedge betting to guarantee a profit. This will depend on the type of bets you have placed but a good example is the winner of a football tournament. You may have backed Croatia to win the 2018 World Cup at the beginning of the tournament and they were out at 40/1 with some bookmakers.
They reach the final but come up against France, who are the favourites to win the match and the World Cup. If you placed a £50 bet on Croatia, you would stand to win £2000 if they lifted the World Cup. However, they are the outsiders and France are the 4/5 favourites to win the World cup. If you placed a £1,000 bet on France, you would win a profit of £800. Meaning whichever team wins the final, you guarantee a profit, whether it be £1,000 profit on Croatia or an £800 profit on France.
Croatia needs to get to the final for this to become possible but it shows an example of how hedge betting can guarantee a profit. Odds change and different situations crop up over the course of a tournament or season.
Hedge Betting In-play
The examples above are quite basic but give you a good idea of what hedge betting is all about. The winner of a tournament and winner of a match are regarded as being the best football markets for hedge betting.
You can also use hedge betting in-play when the moment is right. If you back the underdog to win and they take the lead. You could then use some of the potential profit by backing the favourites, who are now at higher odds to win the match.
Doing this bet will guarantee a profit and is a great way to use hedge betting to your advantage when betting on football matches.
Pros and Cons
The obvious positive aspect of hedge betting is that when the odds and an initial bet placed fall in our favour, we can guarantee a profit. The second advantage of hedge betting is we can reduce the potential loss from an original bet by placing a second bet.
The only disadvantage of using hedge betting is if your original bet turns out to be a winner and you hedged your bet to reduce risk. You will have lost the profit you would have gained if you allowed the bet to run.
Also, football markets are not always the best for hedge betting. Sports such as a game of tennis are good because you can only have two outcomes from a match, Player A wins or Player B wins, there is no other outcome. But, in football, you have the draw to contend with so it is best to use this betting technique on outright markets, such as a league or tournament winner.
Using Laying to Hedge Bets
You can, of course, place a lay bet to hedge your bets and this is like matched betting. Using a matched betting calculator, you can enter the stake and odds for your original bet. When you are ready to place a hedge bet, you can enter the lay odds and the commission amount for the exchange you are using.
The calculator will provide you with the best lay stake to maximise your profit regardless of the final outcome of the game.
Hedge Betting Casino No Deposit
Jareds Hedge Betting System
By Jerry 'Stickman'
I received this letter the other day...
Hello Jerry,
I do not know how to program and I am looking for someone to write a betting script for me for the Smart Craps simulator with a strategy that I am working on.
I'm a stalker of the different sites as there is so much info and hard to tell what is worth anything. I came up with this strategy and I like the idea that you can win (at least something) on every roll of the dice, and I'm just trying to tweak the amount and bets to hedge based on percentages.
I have been trying out my strategy with simulated games and have seemed to do fairly well. While I know the games are not fair, I think my system reduces the house edge enough to make a profit on the small scale. So basically I would want the script to run until my bankroll was gone or that I doubled my bankroll.
It's a fairly straight forward hedging strategy where nothing changes, the come out roll the bets are always the same, with some place bets with the field and both the pass and don't pass but at different amounts with full odds.
When I play the simulated games I always come out ahead. but I would like to get some reassurance or reality check at least with some mathematics.
The table set up would be 3-4-5 odds Here are the bets on the come out $10 on each hop bet (total $30) $25 pass line $100 don't pass line $10 field same bets until a point is established. After the point, $600 odds on don't pass $75-100-125 odds on pass $25 place 5 $30 place 6 $30 place 8 $10 field If the point loses then I would replace the point number .I always have a field bet. I place
5, 6, and 8 every time regardless of the point, the point does not matter to me. I always collect winnings.
Thats it nothing changes. On paper it has worked out on average. I have seen that the point is only hit 40% of the time or less, if that is true I only need to make $30 during play to make up the difference, so anything over that or anything during play on a don't pass win, is profit. The concern is having enough bankroll to endure 4 or potentially more losses in a roll.
To me a 'loss' is the point being hit. If the point is hit, I lose money overall. So the goal is to make up $34 before that (or ideally a 7 out) happens. So if 4 points hit in a row, I'm down $2,000, as with this system you lose $505 when the point hits. If someone 7 outs I win on average $280 ($205 if the point is 4,10 - $280 for 5,9 and $365 for 6,8), so basically on ten rolls if the table 7 outs 60% of the time I win 6 x $280 = $1680 and lose 4 x $505 = $2020 which leaves me with a loss of $340 / 10 rolls or $34 per roll, that is why I do the iron cross with the field, because in my theory of an average round being 8.5 rolls, I should make money as I make $10 (double on 2, triple on 12) on the field when it hits, or $25 when 5,6 or 8 hit
I'm only starting with $2,000, so I'm trying to figure out
1) If my math and assumptions above are correct
2) What my starting bankroll needs to be
3) What a good amount is to stop and walk away once I hit a certain dollar amount
Let me know what you would charge to write this script.
Thanks
Jared
Well, Jared, you certainly have a myriad of bets in your system including some high house edge bets such as the hopping 7s. You will certainly keep the dealers busy. I have written many betting scripts for Smart Craps and could write one for your system.
However, I can save you a lot of time and expense, Jared. You will lose. In the long run you will lose 35 cents on each $25 pass line bet, $1.40 on each $100 don't pass bet, $3.33 on the hop bets, $1 on each $25 5 bet placed, roughly $.45 on each $30 6 and 8 bet and about $.28 on each $10 field bet (if the 12 pays triple - $.56 if the 2 and 12 pay double).
I have simulated several hedge bet systems (including the Iron Cross which a portion of your system uses) as well as progression betting systems and the results are ALWAYS the same as the math dictates. While the average hand in about 8.5 rolls, the actual number of rolls per hand varies wildly. Here will be times when you win and there will be time when you lose but you will end up losing more than you win. $2,000 won't last very long in a random game.
If you are serious about your desire to make money at craps, your best bet is to take one of your gambling stakes and invest in a Golden Touch dice control class. Developing a controlled throw and only betting the best bets is the only way to make money playing craps.
Sorry, Jared but what I tell you is the truth.
Jerry 'Stickman'
May all your wins be swift and large and all your losses be slow and tiny.
Jerry 'Stickman' is an expert in craps, blackjack, video poker and advantage slot machine play. He is a regular contributor to top gaming magazines. The 'Stickman' is also a certified instructor for Golden Touch Craps and Golden Touch Blackjack. His current book 'Specific Slots Machines That Give the Players the Edge!'provides mathematically proven advantages over the house on some slots! For more information visit www.goldentouchcraps.com or www.goldentouchblackjack.com or call 1-886-738-3423. You can contact Jerry 'Stickman' at stickman@goldentouchcraps.com.