Parlay Betting Strategy: Arbitrage Betting Parlays Guide

You decide to place a hedge bet to avoid missing out on that massive profit. You plug in the original bet amount ($100), original odds (+2440), and the hedge bet odds (Bills +150). This will calculate the amount to bet as well as the guaranteed profit. For example, say you bet on the Ottawa Senators to win the Stanley Cup at +1000. The Senators make the Stanley Cup Final, but you want to be sure you don’t lose all your original bet profit in a best-of-seven series.

What Does Hedging a Bet Mean

A hedge is a betting strategy for lowering risk and ensuring potential pinup login profit on a certain wager. It refers to wagering the opposing side of your initial wager if they are uncertain that a bet will win. Arbitrage can yield a trickle of steady profits, and hedging can save you from heartbreak or bankroll busts.

For example, say the Steelers are playing the Ravens in the final game of the night. You could just cross your fingers and hope for Baltimore to cover. Or, you could lay $55 (to win $50) on the Steelers to cover the 3.5. Now you’ve given yourself two outcomes, both of which would be a nice return on your $10 investment. It can highly reduce the chances of getting caught, but it requires a lot of time investment.

It means taking advantage of different odds offered by different sportsbooks, so that you bet on all possible outcomes of a game and guarantee yourself a profit no matter who wins. Nothing feels more exciting than a parlay bet that’s one leg away from hitting. The chance to turn a small stake into a big payout is hard to resist. But while they look tempting, parlays are tricky to win because the sportsbook’s edge adds up with every pick, and all selections must win for the bet to pay out. While using arbitrage betting finder with simple single bets, you cover both outcomes, and you are done with that arb.

You can then adjust the recommended options by modifying the stake and testing other games across different sports bookers. Don’t forget to sign up to receive data driven picks from our team of data analysts. Before we can go any further, we need to make sure that everyone here fully understands what hedge betting is as it pertains to sports betting. Hedge betting, by definition, is a counter wager made against another wager to guarantee profit regardless of the outcome of a game or contest. In other words, a hedge bet is a bet that you make against yourself, but it’s done to guarantee that you make money no matter what happens in a game.

Hedging When You Have a Futures Bet to Guarantee Profits

You can take advantage of these live bets to hedge your bets when it seems like the game is going against your original bet. As the hedge calculator shows, a $90 bet at -150 would pay out $150, just about covering the $140 you put up on your original bet and hedge bet with a $10 profit. Now you’re guaranteed to earn some money no matter which team comes out on top.

Enter your original bet details and current hedge odds to calculate optimal hedge size. Now, if the Cavs reach the finals against the Warriors, it would make sense to bet another $100 on the Warriors at 1.85. This guarantees you a profit of more than $244 for a risk of only $100. But remember, you don’t need to master these formulas when you use our free bet hedge calculator.

But if you are making many bets over the year, it’s important to secure small and regular profits. Smart gamblers find small discrepancies in bookies’ odds so that they can back either team and lock in a small return. Hedging is a betting strategy that requires knowledge and dedication, as evidenced by the fact that most pro sports bettors employ it. You can apply it to many different sports, but remember that you can execute it perfectly only if you put your knowledge and analytical skills to work. Start by comparing the odds at multiple fully licensed sports betting apps and sites and proceed by choosing the one with the highest odds. Hedging a bet is a simple process once you detect a suitable opportunity.

Parlay calculators help you plan hedge strategies before placing your original parlay bet, allowing you to understand potential hedge scenarios. Place small hedge bets throughout the parlay to provide insurance against losses while maintaining most of the upside. Hedging a parlay bet means you are covering the other outcomes of your initial bet. For hedging a parlay bet you need to use a different betting site. For this strategy, you don’t hedge anything until the first 8 legs hit. Even betting 8 heavy favorites, at least one leg will miss more often than you would intuitively expect.

Hedging through Live Betting

• The most common instance of hedge betting is for a parlay or futures bet.
• Always remember to double-check your numbers before placing any bet, as even a small typo could end up costing you money.
• A true hedge would net you about $42.50 on each ticket, which comes out to a total gain of $425.
• On Sportsbook 2, Team B is also +110 underdogs against Team A.
• While it’s easy to back a parlay with a bookmaker, hedging one is far trickier.

As you see there is a decent time of 18 hours between the start of these events (you don’t need that much, I chose these matches randomly). Below, you can find examples and explanations of how to hedge parlay arbitrage bets. If you get unlucky and that 1% hits, you have lost a sizable amount hedging the first two legs, and the remaining 8 legs will be unwieldy to hedge. This means you take huge losses unless you want to frantically try to hedge the remaining legs, in which case you will only take moderate losses. In practice, it’s not worth using this technique for parlays with more than 2 legs.

We ask you to bet responsibly and only on what you can afford. Please familiarise yourself with the rules for better information. Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and/or country where online gambling is legal. If you or someone who you know has a gambling problem reach out to But as we mentioned earlier, there are downsides to bet hedging.

There are several reasons why many bettors would like to learn about hedging/covering one or every leg of a parlay bet. These are very beneficial for account grooming, as the 3rd bet is an unboosted parlay and the 4th bet is a large moneyline bet. Sportsbooks do not expect people to use this particular hedging strategy, as it is too low-stakes for professionals and far too complicated for squares. Different sportsbooks use different terminology here, but the functionality is the same.

You like the Dodgers for this game, so you back them with a $500 bet. There are lots of ways to hedge a bet and we’ll get into some of the different types of bets you can hedge shortly. For prop bets with only two possible outcomes (i.e., 2.5 TD passes thrown), hedging your bet can be smart. For prop bets with multiple possibilities (i.e., First player to score), hedging would be extremely risky.

This will give you a number for your hedge bet for the highest guaranteed profit. For example, if you place a large bet on a favorite horse to win, you might hedge that wager by placing smaller bets on a few horses in the race which have higher odds. However, if an underdog wins, your hedge bets could allow you to recover some or all of your initial stake. One of the most important benefits you get when you hedge a bet is the guarantee of profit. While this is critical, it is not the only way to use this sports betting strategy.

As the name suggests, this is a bet placed far in advance of the outcome. Now, as your chosen team successfully plays their way through the tournament, you could choose to hedge by placing bets on the teams they face. This could ensure that you profit as your team gets closer to winning the whole thing. In conclusion, hedging is a useful strategy for sports bettors who want to reduce their risk and lock in a profit.