Hedging

Hedging is the process of levelling profits or losses across all available outcomes in a sporting event irrespective of the result. For example, if the bettor had backed Team A to win against Team B, the match had commenced and they had scored a goal, the bettor might then Lay them at updated (and longer) Odds. This is hedging both outcomes. Most betting exchanges will recognise that the bettor has locked in a profit (the differential between the original Odds when backed and the new Odds when layed after the team has scored) and pay out immediately since the bettor cannot lose at this point.