The Financial Times and the Wall St. Journal are full of stories of hedge traders
and contrarians who’ve struck it big betting against the crowds. Mutual fund managers also
hedge their bets, trying to ensure that they earn a decent return on their funds under
management. With match betting, you can bring the same hedging practices to your sports
betting portfolio.
Many punters never think of match betting, or don’t feel its worth their time and trouble.
Nonsense. Covering your costs and winning is always worth the effort that it takes.
To do match betting properly, you will need to have multiple accounts at different
bookmakers. This is because one of the core features of match betting is the need to have a
bet that represents the opposite of your play. If everyone, including you, is betting that
Arsenal beat Manchester, and you can’t find a bet for Manchester beating Arsenal, then there is no
potential for a match.
Thus, you will want to be registered with the major bet exchanges and bookmakers to be
sure you can find the odds combinations you are after. In some cases you may not be able to
find true matches, but similar odds will do the trick. It can help you at least feel
partially hedged on your wager.
Properly done, you should at least cover yourself back to 0, so that regardless of the outcome you
are not out money. This may not be the massive win you were hoping for, but it does prevent lay
bets on spreads from accelerating in to major losses. You can think of match betting in
this case as a kind of insurance.
It can be a bit time consuming to match all of your bets, especially if you are a frequent
better. You may develop a system where you hedge all bets over a certain pound mark. Or
perhaps you will only hedge bets on certain sports. Whatever helps you manage your returns,
your stress level, and your pocketbook should work.
It may seem odd to be bringing investment banking strategies into your home sports betting
arrangements, but your wagers are investments, too. Many punters seem to treat their money like
a throw away toy, without taking the time to care where exactly it goes. You can do better than that
by treating your sports investing as a reasonable investment, and being every bit as careful about
managing outcome here as you would be in your stock account.
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