When it comes to hedging, one of the popular and also, common kinds of bets is the “Parlay Bets”. Simply put, parlay bet is series of single bets that are connected together and is also dependent on all the winning bets.
Are You a Risk Taker?
A higher payout can be received in the event that all of the bets are won than what would have been acquired if the bets were individually made.
Aside from that, they may be the simplest kind of bets that can be explained to a newbie when talking about hedging.
Needless to say, the higher the risks for a parlay bet, the higher the reward associated to it. Also, the higher the chances that a better will be hedging. As a matter of fact, majority of the low-risk, small parlay bets must not be hedged. However, hedging must be taken into consideration if you are ready to take high-risk.
Taking Advantage of Parlays
Of course, the further the parlay bets reach, the better the probabilities of winning becomes. For instance, take 4-bet parlay where the initial 3 bets have won. This means that the bettor only has to win one more bet to be able to net the entire profit of the parlay.