Hedge betting is used to minimise losses by placing smaller bets on additional numbers. This can partially or completely offset losses from your main bet. It can give you an edge over the house, but not much of an edge.
An example of hedging your bet would be to put $1 on five separate numbers in the range of 25-36, which is a combined wager of $5. To hedge this bet put $5 in 1st third and $5 on 2nd third for a total of $15 for all three bets. If any one of your single number choices win you get $36, if the result is between 1 and 24 you’ll get $15 back which covers your original wager.
A hedge is an investment position intended to offset potential losses or gains that may be incurred by a companion investment.
https://en.wikipedia.org/wiki/Hedge_(finance)
Hedge Betting – You can lose it all quickly
In the previous example you have covered 29 of 37 possible outcomes, assuming you are playing European Roulette with a single zero – which is all I play.
There are eight numbers where you lose your entire $15. No wonder they call it gambling rather than winning!
That is the danger of hedging bets. There is the potential to lose more than you would have otherwise. Generally when I play I’m betting $60 – $100 at a time and losing hurts the bankroll. I have had eight losses in a row, which really brings a tear to your eyes.
Bottom line when hedge bets
Keep in mind hedge betting might reduce your risk but simultaneously reduces potential profits. Casino always has an edge and they rely on it. It means eventually they win, and that means you lose.
Never forget the pesky green 0 pocket, or 00 on American roulette. They will often catch us out when playing and they come up when you least expect it.
Happy Roulette Adventures everyone
