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United States

18+

Slang

Hedge

Placing a second bet against your first to cut the risk or lock in some profit.

Also called Hedging

Example Your accumulator needs one last team to win: you bet on the other result to guarantee something either way.

Related

Bet types Cash out Settling your bet before the event is over, for an amount the bookmaker offers at that moment. Useful to lock in some profit or cut a loss. Exchanges Lay bet Betting that something will not happen: you act as the bookmaker and take someone else’s back bet.

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