In-Depth Explanation
Common when an accumulator or futures ticket reaches the final game.
Sportsbook & Betting
Hedging
Quick Definition
Placing a wager on the opposing side of an active bet to lock in guaranteed profit or reduce loss.
Real-World Example in Practice
Betting the opposing finalist to secure $5,000 profit either way.
Related Terms & Concepts
Sportsbook & Betting
Accumulator Bet (Acca / Parlay)
A single wager linking multiple selections with multiplying odds, requ...
Sportsbook & Betting
Asian Handicap
A handicap line eliminating draws by giving teams fractional head star...
Sportsbook & Betting
Bankroll Management
The disciplined strategy of wagering consistent units (1%-3%) to survi...
Sportsbook & Betting
Cash Out
Settling an active wager before the event finishes to lock in profits...