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When engaging in investments, even in sports betting, it is important to know the basic terminologies involved. One important term to remember in sports betting is the word “hedging”. Hedging is described as preventing or offsetting the probability of a loss in the price of commodities or securities. It is also used in protecting ones’ interests against untoward effects of odds fluctuation.
In the sports betting world, hedging successfully works by laying a wager on both sides of the equation. It balances the odds of winning and puts the individual in a more secure position. However, this is not effective for even bets. This strategy is ineffective because one wins on one side with the same amount one loses on the other. The end result is a breakeven, which is a fate as worse as losing in a bet. To hard core gamblers, this is a taboo for it takes away the excitement and defeats the purpose of gambling.