How Can I Hedge My Bets on Super Bowl 50 Carolina Panthers vs. Denver Broncos?
We have been receiving a lot of interest in Jon Prices Super Bowl Proposition Bets. So much that clients are asking for other ways in which they can hedge their bets on the big game. Here is some helpful information about hedging on single games and a scenario in which you can work a unique hedge that Mr. Price does educate and teach specific high level clients on doing.
The rule of thumb is that the only proper times to hedge a bet is in a futures bet when you’re nearing the end and no longer like your pick, have a big winning opportunity but want to hedge against a loss towards the end of the season or final game(s), or in a parlay that you’ve won the early games on and want to hedge the final game, in a game where the line has changed substantially, or if you no longer like a bet and essentially want to cancel it. In this scenario you gave Betting the Carolina Panthers moneyline in Super Bowl 50 at $500, and $500 on Broncos +3. You win both bets if the Panthers win by 1 or 2 points, otherwise you split them and your bets cancel out and you lose juice or vigorish as it is called. These Odds are stacked against you you’ll split and lose juice. That’s considered middling not so much hedging your bets. Hedging is usually used when there’s multiples games involved, where you pick one team at the beginning of the series, then no longer like that pick or want to try and ensure a cashing of a ticket no matter the final outcome, so you pick against that team in game 7 or a similar scenario.
Wager on Carolina Panthers -4.5 Points