The term “hedging” has wormed its way into the vocabulary of many a sports bettor. Casual and seasoned bettors alike are starting to use the term and actually use it in their day-to-day betting strategies.
But what is hedging, exactly? In its most general form, hedging is the practice of placing a second bet to guarantee a profit or mitigate a potential loss. Typically, hedging involves placing a second bet against your initial wager. You may not win as much when you hedge, but you can use hedging strategies to lock in a smaller win or lessen a big loss.