So whatever the outcome of the race, you will guarantee yourself a profit of $3.81. The equation for your profit if the lay bet is successful looks like this: So for our example it would look like this: Profit = (back stake x back odds) – lay liability – back stake The equation for your profit on a successful back bet is as follows: There are two possibilities, one for each outcome of the event. Now you need to work out the profit you would make from hedging your horse bet. This is the liability, so how much you would risk if your lay bet is unsuccessful. You would need $179.19 available in your exchange account to place this lay bet. Let’s take the values from the previous example. Liability = (lay bet stake x (lay odds – 1)) Luckily, there is a simple equation to use when calculating your lay liability. You need to be able to understand how much you’re risking if you make a loss when hedging your horse racing bet.
HEDGE BETS MEANING HOW TO
This is crucial when thinking to yourself “how to hedge my bets”.Ĭalculating the liability of a lay bet is an essential part of learning how to hedge bets. However, when you hedge your bets, the liability of the lay bet is dependent on the odds. For a traditional back bet, the liability would be the stake. The liability for a bet refers to the amount that you’re risking when placing a wager. What is a lay liability, and why does it matter? (4.66 x 50) / 4.33 = $53.81 This is the amount you would need to place for your lay bet. You first need to calculate how much to wager on your lay bet. Let’s say the lay odds now stand at 4.33. If you know that the horse has recently failed to maintain leads, you may wish to place a lay bet to protect your wager. Let’s say that you place $50 on horse A to win a race at odds of 4.66.ĭuring the race, horse A takes an early lead. Follow these step by step instructions and learn how to calculate your own back to lay hedge bet. However, if you want to be more successful when you hedge your bets, it’s better to understand the calculations fully. The calculator will then tell you how much to place the lay bet at to profit regardless of the result. With these, you simply enter the stake and odds of your initial wager, along with the current odds available for a lay bet. There are hedging calculators available online. So now you’re likely to be wondering, how can I hedge my bets when I’m playing the ponies? Step by step guide to calculating your back to lay hedge bet That’s the fundamentals of the ‘hedge your bets’ meaning, but let’s dig a little deeper into this horse betting strategy now. When hedging your bets, you set the lay bet after the initial wager to compensate for changes in the market. However, for arb or matched bets, the back and lay bets are placed simultaneously. Hedging your bet is a similar strategy to matched or arbitrage betting. When learning how to hedge bets, it’s crucial to identify the trend of the market movement if you’re going to guarantee a profit regardless of the change in odds. The general rule to hedge your bet successfully is to bet high and wager low on your lay bet. There may also be instances where the odds for the lay bet have increased, so placing an additional bet gives you the chance for an increased profit. When it seems unlikely that the horse you bet on originally will win, you may wish to protect yourself from losses by placing a lay bet.
Hedging your bets is a strategy where you place bets on different horses to reduce the risk of the original wager. So “how to hedge bets’? is the question we hear you ask. Guide to Hedging Your Bets What is hedging? Learn how to calculate lay liability and potential profits.Learn how to calculate the stake for your lay bets correctly.Discover how to hedge your bets successfully.
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