What is Hedge Betting

Hedge betting is a great betting strategy that enables you to get a profit whatever the end result of the event is. This guide will give you some more information on how to hedge your bets and strategies of hedging that can lock in profit.

What is Hedge Betting

Hedge betting is the betting technique which takes advantage of movement in odds, you place two bets on the same event. Many people that hedge bet use betting exchange markets as they let users lay bets. The term lay bets means that you’re betting on something not to happen in the event. You should back the higher odds and lay for the lower odds, this is where you start to make some profit.

This type of betting acts as a comfort blanket as there is no worry about losing money and your bet not coming in. It also is a betting technique that you can cut your losses. On the odd occasion you may place a bad bet or the odds don’t move the way that suits you. If you’re looking to get into betting, you need to be aware that you are going to lose sometimes, it’s part of the process. Although, you can reduce the loss by placing a lay bet close to the original odds, this will decrease the loss significantly.

So… How to Hedge Your Bets

Hedging is an extremely adaptable betting strategy. There are occasions when you have to hedge your bets quickly and sometimes it may be weeks possibly months before you need to start hedging. This depends on whether you are hedge betting in-play or over a long period of time e.g. World Cup.

The Difference Between Arbitrage Betting & Hedge Betting

The main difference between hedge betting and arbitrage betting is the way that each strategy is used. Arbitrage betting is where you place two alternative bets on different outcomes at the same time.  It is only used when there is a variance between odds being offered by different bookmakers creates a arbs betting opportunity. Whereas Hedge Betting, is where you places further bets on different results following the original bet that is placed. This kind of betting strategy is usually used following a change in odds.

An Example of Hedge Betting

Let’s say for example, you bet £50 on Sweden to win Euro 2020 at 40/1. If they got to the final of the tournament against Portugal you would be on the cupse of winning £2,000. Sweden would still be a massive outsider to win the tournament and Portugal would be expected to win.  If Portugal wins, this would leave you with a £50 loss.

	Stake	Odds	Profit	Losing stake	Net Profit
Sweden Win (original bet)	£50	40/1	£2,000	-£1.150	£850
Portugal Win (Hedge bet)	£1,150	4/5	£920	-£50	£870

Although, you could hedge your bets and back Portugal to win. If Portugal wins the game and the tournament, a £1,150 bet would give you a profit of £920 less your original £50 stake in Sweden leaves you with a net profit of £870 . If Sweden wins, your original £50 bet would give you a profit of £2,000 less your £1,150 Portugal hedge leaves you with a net profit of £850. It’s important to remember to bet on Portugal to lift the trophy and not to win in 90 minutes. A draw would wipe this bet out.

In the above example, you have lots of room to play around with your hedge.  If you want to win more money on Portugal, you can increase your Portugal hedge.  For example, you could bet £1,500 on Portugal to raise the cup which would result in a net profit of £1,150 (£1,200 (Portugal win) – £50 (Sweden stake)).  Or conversely, you could go for a big win for Sweden and do a small hedge on Portugal.  It’s really up to the punter.  But, the key to hedging is locking in a profit.

Overall Hedge Betting is an effective strategy and it has proven that you can win some serious money. One thing to always remember with this betting strategy is weighing up the risk and reward. You don’t want to be overly cautious and and implement hedging that reduces your profit.

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How Does Arbitrage Betting Software Work?

You may have used a few arbitrage betting software services, you may have questioned how these arbs betting software services get the information so fast. In this article, we’ll give you some information about how arbitrage software works.

Most arbs betting services scan information that bookmakers provide that is available for everyone on their website. They analyse the information then get a result from the final study. Therefore, the arbs betting service produces parsers. Parsers collect scripts of code that comprise necessary data and odds and is shown in program code. This code is then transferred into readable text. When the collection of data is completed, the software then compares the lines of different bookmakers data according to a specific formula.

It is important to note that there are some bookmakers on the market that share the program code for parsing. However, this isn’t shared for arbs betting software services, but to advertise their betting services. Arbitrage betting software services don’t miss out on the opportunity to take advantage of this data.

What are Bookmakers Thoughts About Arbs Scanning?

It makes sense that bookmakers do not like arbitrage scanning as it’s information that the arbs betting services are using without the bookies full consent. Furthermore, the bookies wouldn’t sell their information to anyone. Arbitrage betting software services are working for professional gamblers and bookmakers are trying their utmost to find and block parsers on their services. High-quality arbitrage scanners have secondary channels that they scan for the information, however, blockings do still happen on their backup channels.

Common Issues with Arbs Scanning

Data Scanning Can Take Time

Some arbs betting software services take time to restore odds slowly. There are a few reasons why this happens, some bookmakers make it difficult for scanners to gain the information they need. Therefore it takes a bit of time to work out the website structure. Often programmers try to improve the parsers and speed the scanning process up.

Issues with Integration

You may have noticed that some bookmakers name teams differently e.g. Barcelona and Barca. Therefore, the parsers should be aware that they’re in the same club. Arb services may automatically add different names into the arb, giving you the correct data.

Arbitrage betting scanners aren’t as easy as they seem, the production and maintenance of the service take time and financial investment. Here at Bet Slayer, we have a team of professional programmers and administrators ready to give you the best possible arbitrage betting software services. 

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How to do Arbitrage Betting Under the Radar

You may have been using BetSlayer’s arbs betting services for a while now and building a good profit. However, there may be a time where the bookmaker limits you and blocks you from using their services. There are some ways to go under the radar and limit the chances of the bookmakers banning you. Whether you are aware of bookies restrictions or a newcomer to the betting scene. Here are some ways that you can prevent limitations to your account.

Using the arbitrage betting technique there is profit to be made, therefore, the longer you go without being limited, the better.

Rounding your Stake Up or Down

Try not to bet with the exact numbers, this is a key thing to try and reduce the chances of immediate limitations. You should round your bet to the nearest number of five. For example, instead of betting £322 you should bet £320 or £325.

Small Initial Deposit

When signing up with the bookmaker, you shouldn’t deposit a large sum of money. The first sum that you deposit should only last a few days. This is key to trying to reduce attention to your account in the first few days that you sign up for the bookies. Once you have got through the first couple of days without your account being reviewed, you can then deposit more funds into the betting account.

Use Alternative Bookmakers

We recommend using multiple bookmakers when you are arbing, this will give you more arbing opportunities. This can also prove fruitful because you will look like you are unsuccessful because you will be spreading your bets across different bookies.

Deposit and Cash Out Less Regularly

You should try to reduce the amount of times that you cash out from your account, as it costs the bookmakers each time you do this due to bank processing fees. Therefore, bookmakers are less likely to ban your account if don’t cost them lots in terms of bank processing fees. Our advice is for you to reduce the amount of times you deposit and withdraw from your betting account. This will limit the chances of your account being reviewed and banned.

Be Smart with Promotions and Offers

You need to be clever when using the promotional offers that the bookies offer on occasions. It is important that you use them but don’t over use them, the promotions are almost like free money to pad your betting account out. If you don’t use some of these promotions, the bookies could flag you as a professional and could easily ban your account. On the other hand, only using promotions could see your account limited as bookies still want to make money.

Use Arbitrage Friendly Bookies

Betting Exchanges like BetFair never limit your account, whereas, other bookmakers have zero tolerance when it comes to arbers. However, it’s always good to use a mix of hard and soft bookmakers when arbitrage betting.

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