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Looking for advice on optimal hedging strategy

  • 18-10-2014 6:58pm
    #1
    ILikeBananas
    Registered Users, Registered Users 2 Posts: 785 ✭✭✭


    Earlier today I backed the 0-0 draw in the Burnley / West Ham match at 9.5/1

    At half-time the score was 0-0 and the odds had fallen to 3.5/1 so I laid the 0-0 for a stake equal to my earlier bet.

    What are people's thoughts on this? Is it best practice to hedge your bets like this so as to reduce the inherent variance involved in gambling?

    If you are to lay the result at half-time then what's the best amount to lay? Obviously, the more the amount you lay then the lower your profits will be if the score does end 0-0 but you could still make an overall profit if there is a goal in the second half.


Comments

  • #2
    ManagerXI
    Registered Users, Registered Users 2 Posts: 96 ✭✭ManagerXI


    Before you consider the amount to hedge as its not the same for everybody, do you think its a good strategy overall?

    You can hedge the games that reach 0-0 at half time however if there is a goal in the first half you lose your entire stake so will you pick games that reach 0-0 at half time often enough to turn a profit long term?


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