Sports betting is becoming a popular form of entertainment utilized by thousands of people in the state of Arizona ever since online sportsbooks have become legal. However, not every bettor knows what options they have once they place an initial bet. Hedge betting Arizona is a great tool to use to save a losing bet or increase your chances of a great payout.
Hedging your bets – Arizona sportsbooks
In this article, we are going to help you understand exactly what hedge betting is and how it is beneficial to all types of sports bets. We are also going to provide you with tips and tricks on the perfect way to utilize this tactic and perfect to use it in your favor.
Suppose you are interested in learning about hedge betting. First, you need to read this article. Not only will you get a good understanding of what this topic is, but we will also provide you with a great list of the top sportsbooks to use when placing your bet.
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Hedge betting in Arizona explained
Have you ever wagered on a bet you quickly regretted placing? For example, maybe the team’s star player broke their leg and are out of for the rest of the season, or you placed that bet without the right amount of knowledge to make the best decision?
These are the types of situations that hedge betting is made for correcting or atleast easing the blow from a less than ideal wager. When you hedge a bet, you are basically placing another bet on the same wager but the opposite side. This helps to even out the inevitable loss or atleast reduce it.
As an example, you are confident at the beginning of the season that the NY knicks will be the winners of the Larry O’Brien NBA Championship Trophy in the NBA finals. You place these wager months in advance, but as the season draws closer to the finals, your confidence is lacking, and you are now almost certain the Phoenix Suns are going to dominate the court.
In this situation, you will keep your wager on the Knicks as is but then place another bet on the Suns. This way, you will have a chance to cover the first bet and save yourself from a massive loss, and in some cases, you can even profit.
Sportsbooks for hedge betting Arizona
It is important to choose a reliable sports betting site for hedge betting or any other type of betting for that matter. You want to have an account with a reputable company that offers a variety of bets, fair AZ sports betting odds, and plenty of promotions.
Here are a handful of great sportsbook sites that are ideal for wagering on your favorite sports teams and players.
BetMGM sportsbook is highly rated and well-designed. It provides a sleek interface and an easy-to-navigate platform. In addition, this company offers an array of promotions and bonuses daily to all of the new and current customers.
The DraftKings sports betting site provides a large array of sports to bet on and tons of great bets with fair odds. In addition, they offer a safe and secure website that keeps your information out of the hands of criminals.
The Fanduel sportsbooks are known for their fantastic customer service and unique features specific to its page. They provide a user-friendly interface and a reliable betting service.
Barstool sportsbook has excellent tools and features, providing bettors with information and knowledge on sports topics and wagers. They also offer players tons of bonuses, promotions, and deals daily.
Caesars sportsbook site is easy to navigate and has a sleek design that is easy on the eyes. In addition, they provide wagers for almost every sporting event you can imagine with incredible odds and offers.
The WynnBET sportsbook site is 100% secure and easy to use. They offer fantastic customer service and a large variety of banking options, providing easy deposits and quick and painless withdrawals.
Unibet sportsbook is a popular sports betting site. They offer an easy-to-use and high-quality sportsbook that has daily in-play bets and futures bets with fair odds and great promos and bonuses.
Types of bets for Hedge betting Arizona
You can hedge just about any type of wagers used in sports betting. Here is a list of the most popular forms of bets and how you can utilize hedging during these games.
Moneyline bets are some of the most popular ways to wager money on a sports betting site. They are also one of the most straightforward ways as well. In these bets, you can easily identify when a bet is more profitable if hedged.
Live bets are quickly becoming just as popular as futures bets when it comes to utilizing bet-hedging. This is because it is easy to quickly change your mind during a game, and take a losing bet placed before the game starts, and hedge that bet by wagering on the other team before the game is over, protecting your earnings.
Prop bets are usually not very profitable and do not require a huge wager to participate. Although hedge betting isn’t typical for a prop bet, it can still be utilized. The main reason for bettors to hedge a prop bet is on wagers that have to do with player stats or quarterly points or goals.
If you were to place a bet on how many baskets a player is going to get in the third quarter of a basketball game. If the first two quarters are not going as you would have hoped, you can attempt to hedge your bet to reduce your loss.
In this over/under bet, a bookie determines a Knicks vs. Suns game is going to end in 86 total points. You decided to wager under, but find out closer to the date of the game that the #1 scorer is going to be out due to an injury.
Chances are good; there will not be as many points scored, so you can choose to hedge this bet by placing another one for over. Either way, one of your bets is bound to win. (unless, of course, the bookie is dead-on, and all wagers are returned.)
Hedge betting in Arizona for reducing your risk
There are a few reasons why you may want to hedge your bet when wagering at a sporting event. Being what we touched upon early, the most obvious reason is wanting to protect yourself from a loss.
Placing a separate bet on the other side of the bet will help you regain the amount the first bet could have lost. However, you do not have to worry about making a wrong decision, seeing as one of those bets is obviously going to have to win out in the end.
Because the odds are under the Moneyline, chances are your odds will be below the evens, meaning you’re going to owe money, but not even close to what would have been without that second bet.
Hedge betting Arizona can guarantee profits (if played right)
For those of you who enjoy math, hedge betting can actually be used as a strategy to guarantee a decent payout. One of the best examples of this is betting on a parlay to maximize your chances of winning a multi-leg bet.
If you put money down on a five-legged-parlay and the first four have won, taking you one step closer to a massive payout, you can utilize a hedge bet to place a bet on the opposite side of the 5th bet guaranteeing you win your parlay either way.
Hedge betting Arizona FAQs
Hedge betting is a strategy used to wager against your original bet by placing stakes down on the opposite side as the one you already have. This is done to help reduce your losses when you feel you have made a bad first decision.
Yes, hedging a bet is totally legal in sports betting. Anyone in Arizona can wager on a sportsbook site as long as you are 21 years of age or older and are a current legal resident of the state.
The biggest con when it comes to hedging a bet is the upside to reducing your risk, which brings a downside of an almost guaranteed loss.
You can find great sportsbooks for online Arizona sports betting by checking out the options listed at the top of the page or by browsing the internet for legal, licensed sportsbooks in Arizona.
All sportsbook sites offer bettors promotions and bonuses to entice new bettors to play on their sites. These can be found on each sports betting page as well as their social media sites.