Cricket betting is an enjoyable sport; however, specific strategies are employed by bettors to stay in the game and achieve profitable outcomes. Hedge betting is one of the methods used by bettors to ensure a lowered loss percentage and fix the profit ratio. The dynamic nature of cricket on the indibet login platform makes it an unsure game, even betting without proper planning and research can divert funds to financial ruin.
Let’s look at what hedge betting can do to save your bankroll when you place those wagers:
Introduction to Hedge Betting
Hedge bets form a part of every bettor’s strategy. Betting without a hedge bet can be a risky proposition, hence bettors use hedge bets to minimize risks and secure their profits. These bets act like insurance and enable you to hold onto your finances regardless of the outcome of the event.
Bettors are known to place bets on multiple outcomes, this will ensure even when some outcomes don’t turn out as they should, others will compensate for it. This way bettors can lock in profit and put down losses. Having a hedge bet to back you will help manage your portfolio better.
Benefits of hedge betting in cricket
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Risk management
Potential losses are covered with the help of hedge bets. The additional bets placed help manage risks effectively, and a single unexpected event cannot ruin your financial status.
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Securing profits
Hedge bets help secure your profits, when the outcomes can be uncertain despite your research or analysis. With so many variables at play, having a hedge bet can help the bettor regardless of the outcome.
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Reduced anxiety
The uncertain nature of the game makes it stressful when betting on so many variables. Hence a hedge bet brings some kind of stability to the bettor to try and take some risks without having to worry about a wipeout.
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Flexibility
With a hedge bet to back you, the bettor can try out different bets and find out the outcomes. With the anxiety out of the way, emotional betting will not take place giving opportunities for bettors to utilize more strategies to be employed for exciting betting experiences.
How to place hedge bets in cricket
Even a hedge bet requires an extensive analysis.
Pre-match analysis
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Team form
It is impertinent to be aware of the team’s injuries, in-form players, and players’ lineup for specific matches that you will be betting on.
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Player form
The key players’ form is crucial as part of betting information on the indibet app download apk platform. The fitness of the players and what streak they are on, whether their performance is on the rise or decline matters.
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Conditions
Both the weather and pitch conditions have a direct impact on the game. The information on pitch reports and weather forecasts beforehand can help make informed decisions.
Placing initial bets
Start by placing bets according to your primary analysis.
Monitoring match
It is important to monitor the match as the game dynamics may change frequently.
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Match momentum
The pace of the match may not be the same throughout, these shifts have to be monitored and noted when the change in the game happens.
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Injury updates
Player injuries need to be looked into as they can impact the game and its outcome.
Identifying hedge opportunities
Hedge bets can be placed when the odds shift in a way, allowing you to bet on the opposite outcome while ensuring profit or minimizing loss.
- Example
There can be times when you bet for Team A and they start off on a good note, however, at some point, the odds may fall short and that’s when you can place a hedge bet on Team B which may have favourable odds.
Calculating stakes for hedge bets
You can find online tools like the hedge calculator to help you calculate a hedge bet before making one. It helps you to determine the amount to be put at stake for the opposite outcome. This will give you the flexibility to lock in profit and minimize losses. The formula for calculating hedge stake is
Hedge stake = ( initial stake X initial odds)/new odds
Placing the hedge bet
Finding the right opportunity to place a hedge bet and calculate the stake to be placed. The bettor needs to immediately place the bet to hold on to the current odds, if not you lose the advantage.
Common pitfalls for hedge betting
Like any bet, hedge bets also have their pitfalls. It becomes difficult for the bettor if they are not aware of the challenges when using them. Apart from providing a safety net to the bettor. We need to know how unknowingly using them can also spell our downfall.
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Over hedging
Placing too many hedge bets also can ruin your chances at profits.
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Timing
Not placing a hedge bet at the right time can also lead to losses.
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Calculations
Accuracy in the hedge bet calculation should be ensured, otherwise too much placed on the stake or too little will not be worth the effort.
Takeaway
The hedging bets can be used strategically to ensure your losses don’t stop your cricket betting journey. Saving your bankroll and ensuring your profits are locked in can be possible when your risks are hedged on cricket betting. Knowing how to use them effectively will provide a better chance of success in your cricket betting attempts.
