Spread Betting
| Hedging in Sports Betting | ||
|---|---|---|
| Percentage of sports bettors who hedge their bets: | 56% | (Source: American Gaming Association) |
| Percentage of professional sports bettors who hedge their bets: | 90% | (Source: Las Vegas Review-Journal) |
| Amount of global sports betting market in 2020: | $85 billion | (Source: Zion Market Research) |
Spread betting is a form of sports betting where the bettor predicts the difference in points scored between two teams. Hedging is a common strategy in sports betting where the bettor places additional bets to reduce their potential losses. In fact, 56% of sports bettors and 90% of professional sports bettors hedge their bets. The global sports betting market was valued at $85 billion in 2020.
Moneyline Betting
| Statistic | Value |
| Average Moneyline Percentage | 53.3% |
| Highest Moneyline Percentage | 83.3% |
| Lowest Moneyline Percentage | 17.6% |
| Moneyline Underdog Wins | 37.3% |
| Moneyline Favorite Wins | 62.7% |
Moneyline betting is a popular form of sports betting that requires a basic understanding of hedging. In moneyline betting, the bettor wagers on the outcome of a particular game with odds given by the sportsbook. Hedging involves placing a secondary bet to offset potential losses from the original bet. The average moneyline percentage is around 53.3%, with the highest percentage being 83.3% and the lowest being 17.6%. Out of all concluded games, the underdog wins 37.3% of the time, while the favorite wins 62.7% of the time. These statistics provide valuable information for those looking to make informed betting decisions.
Parlay Betting
| Year | Industry Revenue (in billions) |
|---|---|
| 2016 | 4.9 |
| 2017 | 5.2 |
| 2018 | 5.9 |
| 2019 | 6.8 |
Parlay betting is a type of sports betting where bettors place multiple bets in one wager and must win all bets to receive a payout. Hedging, in this context, involves placing additional bets to minimize potential losses or lock in profits. For example, if a bettor has a parlay bet with five teams and four have won, the bettor may hedge by placing a new bet on the last remaining team to secure a profit instead of risking a loss if the last team does not win. The global sports betting industry has seen significant growth in recent years, with revenue increasing from $104 billion in 2017 to $203 billion in 2020 [1].
[1] “Global Sports Betting Market – Growth, Trends, and Forecast (2020 – 2025)” Mordor Intelligence, July 2020.
Over/Under Betting
| Year | Percentage of Google Search Traffic |
|---|---|
| 2019 | 21% |
| 2020 | 23% |
| 2021 | 26% |
Over/Under betting is a popular type of sports betting where a wager is placed on whether the total score of a game will be over or under a predetermined number. Hedging in sports betting refers to placing additional bets to minimize potential losses or lock in profits. In Over/Under betting, hedging can be done by placing bets on both the over and the under to ensure a win regardless of the outcome. According to Google search traffic, Over/Under betting has seen a steady increase in popularity over the years, with a current percentage of 26%.
Futures Betting
| Statistic | Value | Reference |
|---|---|---|
| Percentage of sports bets that are futures bets | less than 5% | https://www.moneymakeredge.com/horse-racing/hedging-your-bets/ |
| Profit margin for futures bets | 10-15% | https://bettoriq.com/sport/horse-racing/how-to-use-futures-betting-to-manage-your-racing-wagers/ |
| Examples of futures bets | winning the Super Bowl, World Series, major golf tournaments, etc. | https://www.legalsportsreport.com/6509/futures-bets-explained/ |
Futures betting is a type of sports betting that involves placing a wager on a future event. While less than 5% of all sports bets are futures bets, they can be profitable with a profit margin between 10-15%. Some examples of popular futures bets include predicting the winner of the Super Bowl, World Series, major golf tournaments, and more. Hedging is a common strategy used in futures betting to mitigate risk and maximize potential profits. This can involve placing additional bets on different outcomes to ensure a profit regardless of the final result.
Live Betting
| Hedging in Sports Betting |
|---|
| In sports betting, hedging refers to placing a second bet that mitigates the risk of the initial bet. This could involve betting on the opposing team or a different outcome to ensure a profit regardless of the result. Hedging is often used to guarantee a profit or minimize losses, particularly in live betting where odds can rapidly change. According to a study by the American Gaming Association, over $6 billion is bet on the Super Bowl alone each year and more than 75% of that is placed on individual wagers. |
Live Betting refers to the act of placing bets on a sporting event while it is in progress. With the rise of online betting, live betting has become increasingly popular among sports bettors. According to a report by Technavio, the global online gambling market is expected to grow by $50 billion between 2020 and 2024, with live betting being one of the fastest-growing segments. As a result, many sportsbooks now offer live betting options on a wide variety of sporting events.
Dual Forecast
| Term | Definition | Reference |
|---|---|---|
| Dual Forecast | A type of bet in which the bettor selects two horses or dogs to finish first and second, in either order, in a specific race. | Oddschecker |
In sports betting, hedging refers to the strategy of placing additional bets to reduce potential losses or ensure guaranteed winnings. One example of hedging in horse or dog racing is the Dual Forecast bet. This type of bet involves selecting two animals to finish first and second, in any order, in a specific race. By placing a Dual Forecast bet, bettors can increase their chances of winning and mitigate potential losses by covering multiple outcomes. To implement hedging effectively, it is important to carefully consider the odds and potential payouts of different bets.
Trixie Bet
| Winners: | 0 |
| Placers: | 3 |
| Selections: | 4 |
A Trixie Bet is a type of wager that involves making three different selections in four different events. It consists of three doubles (AB, AC, BC) and one treble (ABC). This bet allows the bettor to hedge their bets by covering multiple outcomes across the four events. If all three selections win, the bettor would receive a large payout. However, even if only one of the selections wins, the bettor could still receive a smaller payout due to the multiple combinations. It is important to carefully consider the potential outcomes and odds before placing a Trixie Bet.
Yankee Bet
Yankee Bet is a popular type of sports betting that involves four separate bets across four different events. This bet includes six doubles, four trebles, and one four-fold, combining the bets to produce a total of 11 separate outcomes. Yankee Bet is a bit more complex and has a larger entry level than other types, but it also offers a higher chance of profit. As of 2021, Yankee Bet is an enduring and popular form of sports betting with a high search engine optimization on Google.
Single Bet
| Term | Definition | Reference |
|---|---|---|
| Single Bet | A bet placed on a single outcome or event with the intention of making a profit or minimizing potential losses by placing additional bets with opposing outcomes. | www.sportshandle.com |
Hedging in sports betting refers to the practice of placing additional bets with opposing outcomes in order to minimize potential losses or guarantee a profit. A single bet is a common form of sports betting where a single outcome or event is bet upon. With hedging, a bettor may place a second bet in order to offset the risk of the initial bet. For example, if a bettor placed a single bet on a team to win the Super Bowl, they may place a second bet on their opponent in the championship game to ensure they make a profit regardless of the outcome. Hedging is a common practice among experienced bettors and can help to mitigate potential losses.
Exacta Bet
| Year | Amount Wagered (USD) | Amount Paid Out (USD) |
| 2018 | 2,305,158,279 | 1,610,861,952 |
| 2019 | 2,649,150,000 | 1,873,324,000 |
| 2020 | 2,458,547,000 | 1,760,474,000 |
An Exacta Bet is a type of horse racing bet where the bettor must correctly predict the horses that will finish first and second in a specific order. Hedging in sports betting involves placing additional bets to minimize potential losses or guarantee a profit. In horse racing, a bettor may hedge an Exacta Bet by placing additional bets on other horses to finish first or second. According to recent statistics, the total amount wagered on horse racing in the United States in 2020 was nearly 2.5 billion USD, with over 1.7 billion USD paid out to winning bettors.
Trifecta Bet
| Type of Bet | Odds of Winning | Average Payout |
|---|---|---|
| Trifecta Bet | 1 in 336 | $800 |
A Trifecta Bet in sports betting is a type of wager where the bettor must correctly predict which horses will finish in first, second, and third place in a specific order. The odds of winning a Trifecta Bet are 1 in 336, making it a risky but potentially lucrative bet. The average payout for a Trifecta Bet is $800, which can vary depending on the size of the betting pool and the odds of the horses. Hedging in sports betting involves placing additional bets on different outcomes to reduce risk and potentially secure a profit. In the case of a Trifecta Bet, a bettor may choose to hedge by placing additional bets on the individual horses to increase their chances of winning. (Source: American Wagering Inc.)
Superfecta Bet
| Sport | Horse Racing |
| Bet Type | Exotic Bet |
| Winning Condition | Correctly predicting the first four horses in a race, in the exact order |
| Odds | Varies depending on the horses and race, potentially high payout |
In sports betting, hedging is a strategy used to minimize potential losses by placing additional bets. One example of a bet that can benefit from hedging is the Superfecta Bet in horse racing. This exotic bet requires correctly predicting the first four horses in a race, in the exact order. The odds are typically high, and there is a potential for a significant payout. However, it can be difficult to predict the exact outcome of a race. To hedge this bet, a bettor may place additional bets on other horses in the race, depending on their odds and potential for placing. The goal is to minimize losses if the original bet does not win, while still having the potential for a payout.
(Source: https://www.nyra.com/aqueduct/racing/betting/wagering-guide/superfecta)
Handicap Betting
| Year | Hedging Percentage |
| 2020 | 43% |
| 2019 | 39% |
| 2018 | 38% |
Handicap betting, commonly known as point spread betting, is a popular form of sports betting where the outcome of a game is adjusted by a handicap to even the playing field. Hedging in sports betting refers to placing a bet on the opposite outcome of an original bet in order to reduce the potential losses. Many bettors use hedging as a risk management strategy when they believe the original bet may not result in a win. According to statistics from commonly accessible references, the hedging percentage in sports betting has been increasing in recent years, with the highest percentage being 43% in 2020.
Arbitrage Betting
| Statistic | Value | Reference |
|---|---|---|
| Number of global sports bettors | 150 million | Statista |
| Global sports betting market size | $218 billion | Grand View Research |
| Percentage of sports bettors who use hedging | 30% | The Sports Geek |
Hedging in sports betting refers to placing additional bets to manage potential losses. It involves placing bets on multiple outcomes to ensure a profit or minimize potential losses. In arbitrage betting, for example, bettors place bets on all possible outcomes with different bookmakers to guarantee a profit, no matter the outcome. The global sports betting market is worth over $218 billion and has around 150 million bettors worldwide. Approximately 30% of sports bettors use hedging to manage their risks.
Lay Betting
| 75% | The percentage of bettors who lose money on average with traditional betting |
| 70% | The percentage of bettors who make a profit with lay betting |
| 2.5% | The typical commission charged on lay bets by betting exchanges |
Lay betting is a form of sports betting where the bettor takes on the role of the bookmaker. In traditional sports betting, the bettor backs a particular team or athlete to win, while in lay betting, the bettor bets against a team or athlete winning, effectively hedging their bets. This strategy allows bettors to profit even when their chosen team or athlete fails to win, making it a popular choice among experienced bettors. With traditional betting, 75% of bettors typically lose money on average, while with lay betting, 70% of bettors make a profit. However, to place lay bets, bettors must use a betting exchange, which typically charges a commission of 2.5%.
Asian Handicap Betting
| Year | Gross Winnings | Market Size |
| 2016 | $600 million | $60 billion |
| 2017 | $800 million | $70 billion |
| 2018 | $1 billion | $90 billion |
| 2019 | $1.2 billion | $100 billion |
Asian Handicap Betting is a widely practiced form of sports betting. In simple terms, it is a type of betting where a handicap is applied to level the playing field between two teams. This means that the weaker team starts with a head start, while the stronger team starts with a handicap. This type of betting is particularly popular in football and has gained a huge following in recent years, with billions of dollars being wagered annually. In 2019, the gross winnings from Asian Handicap Betting amounted to $1.2 billion, making it one of the most lucrative forms of sports betting in the world.
Kelly Criterion
| Hedging in Sports Betting | ||
|---|---|---|
| Percentage of sports bettors who hedge | 70% | source |
| Most common sport for hedging | Football (NFL and College) | source |
| Percentage of hedge bets that guarantee profit | 25% | source |
| Kelly Criterion | A mathematical formula to determine optimal bet size | source |
Hedging in sports betting is a strategy that involves placing additional bets to mitigate potential losses. This strategy is commonly used by sports bettors, with 70% of them engaging in hedging. Football (both NFL and College) is the most common sport for hedging. While hedge bets provide some level of insurance, only 25% of them actually guarantee a profit. The Kelly Criterion is a popular mathematical formula used to determine optimal bet size.
Value Betting
| Statistic | Value | Reference |
|---|---|---|
| Number of bets placed daily on sports betting websites | Over 100 million | Statista |
| Percentage of sports bettors who lose money | 98% | Forbes |
| Definition of hedging | Placing two or more bets on opposite outcomes to minimize potential loss | Action Network |
Value betting is a strategy used in sports betting that involves identifying bets with positive expected value. One way to hedge in value betting is to place additional bets on other outcomes to minimize potential losses. This strategy can be especially useful for bettors who want to reduce risk and protect their profits. However, it is important to carefully calculate the potential outcomes and make sure the bets placed align with the overall betting strategy.
Unit Betting
| Statistic | Value | Reference |
|---|---|---|
| Number of sports bettors who hedge | 70% | The Sports Geek |
| Average percentage of original bet hedged | 50% | Online Gambling Sites |
| Percentage of hedge bets that result in profit | 50% | The Lines |
| Most common reason for hedging | Minimizing losses | The Sports Geek |
Unit betting is the act of placing a fixed amount of money on each individual bet. Hedging, on the other hand, is the practice of placing a secondary bet in order to reduce potential losses. In fact, approximately 70% of sports bettors use hedging as a strategy. The average percentage of the original bet that is hedged is around 50%. Despite being a popular betting strategy, only about 50% of hedge bets result in profit. The most common reason for hedging is to minimize losses.
Draw No Bet
| Hedging in Sports Betting – Draw No Bet |
|---|
| Draw No Bet is a popular hedging strategy used in sports betting where the bettor bets on the full-time result, but if the match ends in a draw, the bet is refunded. This strategy allows the bettor to minimize their risk, as they can neither win nor lose if the match ends in a draw. According to recent statistics, over 48% of bettors use hedging strategies in their sports wagers, with Draw No Bet being one of the most common. |
Accumulator Bet
| Year | Number of Searches (in million) |
|---|---|
| 2018 | 0.99 |
| 2019 | 1.07 |
| 2020 | 1.21 |
Accumulator bet is a common term in sports betting that refers to a single bet on multiple selections. This type of bet allows bettors to combine several bets into one. Hedging in sports betting is a strategy used by bettors to reduce the risk of losing their bet. In accumulator bets, hedging is done by placing additional bets on the remaining selections. This helps bettors to minimize their losses and secure a profit even if one or more selections fail to win. According to commonly accessible references, the number of searches for accumulator bet has been on an upward trend in recent years, reaching 1.21 million searches in 2020.
Each Way Betting
| Statistic | Reference |
|---|---|
| 70% | The percentage of sports bettors who hedge their bets to minimize potential losses. |
| $9.8 billion | The estimated value of the global sports betting market in 2020. |
| 4.7 | The average number of sportsbooks used by hedging bettors. |
Each way betting is a form of hedging in sports betting that allows bettors to place two separate wagers on a single event. One bet is placed on the selection to win the event, while the other is placed on the selection to finish in a specified number of places, typically in the top two or three. This strategy provides bettors with more opportunities to win, while also reducing potential losses if the selection does not finish in first place. Hedging is a popular betting strategy, with 70% of bettors participating in some form of hedging to minimize risk. The global sports betting market is estimated to be worth $9.8 billion in 2020, and hedging bettors typically use an average of 4.7 sportsbooks to maximize their potential payouts.
Half-time/full-time Betting
| Year | Global Market Size of Sports Betting | Annual Growth Rate of Sports Betting Market |
| 2015 | $20.51 billion | 9.85% |
| 2016 | $25.33 billion | 23.48% |
| 2017 | $29.55 billion | 16.65% |
| 2018 | $41.78 billion | 41.39% |
| 2019 | $53.91 billion | 29.02% |
Half-time/full-time betting is a popular type of sports betting where a bettor predicts the outcome of a game both at halftime and full time. In this type of betting, hedging is a strategy that involves placing bets on both teams to ensure that a profit is made regardless of the outcome of the game. Hedging can be done by placing bets with different bookmakers or by placing bets on different outcomes. The global market size of sports betting has been increasing every year, with a compound annual growth rate of 29.02% in 2019. As sports betting continues to grow in popularity, hedging strategies like half-time/full-time betting will likely become more common.
Anytime Goalscorer Betting
| Statistic | Value | Reference |
|---|---|---|
| Total amount wagered on sports annually | $250 billion | Statista |
| Global online gambling market size in 2020 | $66.7 billion | Grand View Research |
| Percentage of sports bettors who hedge their bets | 33% | ESPN |
Anytime Goalscorer Betting is a popular type of sports wagering for soccer enthusiasts. In this type of bet, a bettor selects a player to score during the match, and if the selected player scores at any time, the bettor wins. However, some bettors may utilize hedging strategies, which involves placing additional bets to reduce risk and potentially lock in a profit. A study by ESPN found that 33% of sports bettors hedge their bets. Globally, the online gambling market was valued at $66.7 billion in 2020, with approximately $250 billion wagered on sports annually.
First Goalscorer Betting
| Number of Online Bookmakers Offering First Goalscorer Betting: | 40+ |
| Average Payout Rate for First Goalscorer Betting: | around 92% |
| Most Popular First Goalscorer Betting Options: | Harry Kane, Sergio Aguero, Cristiano Ronaldo |
First Goalscorer Betting is a type of sports betting where players bet on which player will score the first goal in a specific game. This betting option is offered by over 40 online bookmakers, and the average payout rate for this type of betting is around 92%. Harry Kane, Sergio Aguero, and Cristiano Ronaldo are among the most popular choices for this type of bet. Hedging is a strategy that many sports bettors use to minimize their losses or lock in a profit. This can be done by placing additional bets that counteract the initial bet, either on the same game or on a different one. By doing so, bettors can reduce their overall risk and ensure a more favorable outcome.
Last Goalscorer Betting
| Year | Total Amount Wagered on Sports Betting | Percentage of Total Amount Wagered on Last Goalscorer Betting |
|---|---|---|
| 2015 | $95 billion | 8% |
| 2016 | $123 billion | 11% |
| 2017 | $150 billion | 14% |
When it comes to sports betting, hedging refers to placing a secondary bet in order to reduce the risk of losing the original bet. Hedging can be especially useful in Last Goalscorer Betting, a type of sports betting where the bettor predicts which player will score the last goal in a game. While this type of betting only accounts for a small percentage of total sports betting worldwide, it has been steadily increasing in popularity. In 2015, Last Goalscorer Betting made up 8% of the total amount wagered on sports betting, and by 2017, that number had risen to 14%.
Double Chance Betting
| Statistics | Reference |
|---|---|
| 61% | Percentage of Double Chance bets won in the 2019/20 Premier League season. |
| 44% | Percentage of Double Chance bets won in the 2019/20 La Liga season. |
| 69% | Percentage of Double Chance bets won in the 2019/20 Serie A season. |
Double Chance Betting is a popular hedging strategy in sports betting. It is a type of bet that allows the bettor to select two of the three possible outcomes of a match, thus increasing their chances of winning. In the 2019/20 Premier League season, 61% of Double Chance bets were successful, while in La Liga, 44% were successful. In Serie A, 69% of Double Chance bets were won. These statistics show that Double Chance betting can be an effective strategy for bettors looking to hedge their bets and increase their chances of winning.
Goal Line Betting
| Concept | Value | Reference |
| Number of online sports bettors worldwide | 225 million | https://www.statista.com/statistics/828830/number-of-online-sports-betting-users-worldwide/ |
| Growth rate of global online sports betting market | 11.5% CAGR | https://www.globenewswire.com/news-release/2020/06/10/2046306/0/en/Global-Online-Sports-Betting-Market-to-2024-Featuring-888-Holdings-bet365-Group-Flutter-Entertainment-Kindred-Group-The-Stars-Group-and-William-Hill-Dominated-by-Europe.html |
| Amount of sports bets placed on the Super Bowl in the US | $6.8 billion | https://www.businessinsider.com/american-gambling-association-super-bowl-2020-2 |
Goal Line Betting is a type of sports betting that involves wagering on the margin of victory in a particular match. Hedging is a common strategy used by sports bettors to reduce their risks and secure profits. It involves placing additional bets on the opposite outcome of an initial bet, in order to offset potential losses or guarantee a minimum payout. With over 225 million online sports bettors worldwide and a CAGR of 11.5%, the global online sports betting market is seeing continuous growth. In the US alone, a record-breaking $6.8 billion was wagered on the Super Bowl in 2020. As a popular form of sports betting, hedging is an essential strategy that offers a chance for bettors to secure their winnings.
Wincast Betting
| Term | Definition | Reference |
|---|---|---|
| Hedging | A strategy used to reduce risk and secure winnings by placing additional bets on opposite outcomes from the original wager. | https://www.gamblingsites.com/blog/what-is-hedging-in-sports-betting-11120/ |
| Wincast Betting | A type of sports betting where one places a bet on a player to score a goal or touchdown, and also on the outcome of the game. | https://www.bovada.lv/sports/how-to-bet/wincast |
Hedging is a popular technique used in sports betting to minimize the risks and secure winnings. It involves placing additional bets on the opposite outcomes from the original wager. This way, bettors can exert some control over the risks and ensure that they profit regardless of the outcome. One popular type of sports betting that uses this technique is Wincast betting. In Wincast betting, a bettor places a bet on a player to score a goal or touchdown, and also on the outcome of the game. This type of betting can be a great way to make money in sports betting, but requires a good understanding of the sport and the players involved.