Betting is dynamic and cricket being a sport with so many variables involved, the betting becomes even more interesting. Various strategies may work or not over a period of time when you bet on ipl. However, there are some tried and tested bets or stakes that as bettors you can try to involve in your betting strategies. These can help you gain an upper hand in some of the bets that can be placed during the course of the game. One of them being the optimal hedge stakes. Let’s look at what the stake is and how it can work for you:
Introduction to hedge betting
Hedging is employed in several fields and happens to be useful in betting too. Hedge bets are used by all bettors as part of their betting strategies. These bets are used to manage risks and secure profits, this can be possible when you place multiple bets on the opposite outcome of the initial wager that you have placed. Hedge bets help to minimize potential losses and help to lock on the garnered profits regardless of the outcome of the event.
The importance of optimal hedge stakes
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Maximizing profitability
Since there are several variables impacting the cricket game, having a hedge bet proves as an insurance for your bankroll. It prevents the bettor from having a complete washout in large wagers. These bets can help in capitalising on favourable odds while protecting the initial bets.
For example: when you place a bet on team A which is your initial bet, you can also place a smaller bet on team B which becomes your hedge bet. Whether any of the teams win, the bettor has a chance to claim profit regardless of the outcome.
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Risk management
Having effective hedge bets as part of your strategy can help your cricket betting sessions. We know that these bets can minimize losses from your original wager while providing a safety net against unfavourable outcomes. The conditions in a cricket match change quickly and hence such bets ensure a kind of safety net for the bettors.
Example: during the game when you place a bet on team A and observe that team B is doing exceptionally well. Placing a bet on team B as well would be a good option at this point in time. Hence you can gain from whatever the outcome may be ensuring your bankroll is intact.
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Ensuring balanced outcomes
Having hedge bets in your kitty can ensure you can balance the gains and losses proportionately. These balanced outcomes can become part of your betting strategy enabling you to get a chance at having significant swings in profitability. Consistency in the balance is the key to your good runs in cricket betting.
example: when you have placed a stake for team A as the initial bet and hedge bet on team B, you may lose the initial bet, but your losses are balanced by your hedge bet. This balancing ensures your bankroll doesn’t go out of limit.
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Avoiding over hedging and under hedging
The important rule that you need to know when placing hedge bets is not to go overboard and place more hedge bets reducing your potential profits. Placing too little on the hedge bet can also expose you to the risk of loss. Knowing to place the right wager on the hedge bet is the key to making a successful hedge bet.
example: the initial bet and the hedge bet should not have huge gaps resulting in over/under hedge betting. Ensuring that a balanced approach is maintained at all times. The financial impact should be within the acceptable limits.
How to calculate optimal hedge stakes
Step-by-step calculations
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Initial bet details
Recording the initial bet details is the foremost step that a bettor must engage in including the amount that is being placed on stake. Calculate the potential return on ipl betting and note it down as well which can help you evaluate the optimal hedge stake as well.
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Identify new odds
The current odds of opposite outcomes need to be determined before you embark on placing hedge bets. These are crucial for bettors to know how much to stake on the hedge bet.
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Hedge stake formula
There is a specific formula to calculate your hedge bet which will provide the exact amount for the hedge bet. When you use this amount to place your bet, the better can achieve a balanced and optimal outcome which would be based on the new odds.
Hedge stake = (initial bet X initial odds – initial bet)/ new odds-1
Tools for calculating optimal hedge stakes
The hedge calculators can be found online and as a bettor, you need not manually make calculations for each hedge bet you place which may be multiple ones. Since the game is going live and you will be following it simultaneously, it may become a challenging prospect. Here is where technology comes to the rescue. The spreadsheets can help you track all your hedge bets and additional parameters help with planning your betting strategy.
Conclusion
Several betting platforms have inbuilt tools like calculators and spreadsheets to help calculate the hedge bet stake easily. Integrating these technologies enables the bettor to not juggle between platforms and concentrate on the game and betting. Indibet login bonus necessarily helps the bettor have balanced outcomes and protect their initial investments even with changing odds which can be capitalized in this case.