How Hedging can Save Bitcoin Sports Bets

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How Hedging can Save Bitcoin Sports Bets

• By https//1xbit.com

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Why Hedging Bets Matters

• Bitcoin sports betting can be fun if you know
  what youre doing. It is dangerous if a new
  player tries complicating bets. Hedging a bet
  helps players come out ahead. It can also make
  good bets worse. Unfortunately, more people talk
  about hedging than learning about it. It is a
  great concept, but if greenhorns try using it,
  they might stand to lose more than gain.

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What is Hedging?

• Hedging is getting rid of risks in bets. Say you
  have bets on football. Bitcoin sports betting on
  it was enjoyable at first. As time went on, you
  became unsure about Real Madrid beating
  Manchester United. If Real Madrid was at -120,
  then you can hedge the bet. Bet 100 on
  Manchester United to win. This is where players
  have more room to play with.
• Players can bet the same amount of money on
  Manchester United. If Real Madrid pulls through,
  you only need to pay for the risk of betting on
  Manchester United. If you bet less on Manchester
  United than Real Madrid, that is partially a
  hedge bet. As long as you lessen the risk for
  your bets, you can come out a winner either way.
  Bet more on Manchester United, and its like you
  just bet on Manchester United instead of Real
  Madrid.
• That is the basics of hedging. Players who
  understand the basic concepts can take it up a
  level.

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The Power of Hedging Bets

• Say you bet 5 BTC on an underdog to win. When the
  series starts, you can bet. But you can also make
  bets through the series, and the prices will
  adjust. If the underdog does win, then the odds
  can have a dramatic shift. The favorites will
  fall out of favor. You want to minimize your
  chances of losing. So you bet on the favorites to
  win, just in case. The favorites do regain
  fighting spirit and win. So you are down because
  you bet on the underdogs, but you win money from
  betting on the favorites. You just evened out
  your own Bitcoin sports betting odds.

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Breaking Even Better than Losing

• It might look better if you won more than what
  you bet. But at the end of the day, a gain of 5
  BTC and a loss of 5 BTC is better than just
  losing 5 BTC. If the underdogs continued to win,
  then your 5 BTC could turn into 10 BTC, but end
  up losing 5 BTC because of the favorites bet. You
  are still ahead by 5 BTC and cut out of a risky
  bet. That isnt bad for a round of bitcoin sports
  betting.

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Hedging Requires Great Responsibility

• When players use it right, hedging can guarantee
  profits. Like most things, there are downsides
  too. Proper hedging needs to be done quickly to
  get the best price. It can be an advanced form of
  sports betting because it can confuse newcomers.
  Instead of hedging their bets, they could just be
  welcoming heavy losses. It is a traumatizing
  lesson that can scare players off of bitcoin
  sports betting.

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References

• https//1xbit.com/en/statistic/
• https//1xbit.com/en/line/Football/
• https//1xbit.com