Is it smart to hedge sports bets12/27/2023 You can use our free hedging calculator to work out the precise amount to wager on the other side of a bet to guarantee the maximum possible payout. At that point, it would have been prudent to bet on the Chiefs to win the Super Bowl on the moneyline. The 49ers made it to the Super Bowl at the end of the season, and they were installed as +105 underdogs against the Kansas City Chiefs. A $20 bet at odds of +2500 would have earned you a $500 profit if they won the big game. For example, imagine you placed a $20 bet on the San Francisco 49ers to win Super Bowl LIV at odds of +2500 before the 2019 NFL season. In certain circumstances, you can earn guaranteed profits on a sports event by hedging. You can learn more about the benefits involved in hedge betting over the course of this article. Minimize potential losses from an existing wager you have placed.Earn a guaranteed profit on a sports event regardless of the score.There are two key reasons to hedge your bets:
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