Betting insurance in bookmaker offices
Deciding to insure your bet in one of the bookmaker offices can help you avoid significant losses in case of an incorrect forecast. However, when hedging your bets, it is necessary to follow some rules. Some overly confident bettors in their forecasting skills do not pay special attention to insurance, which ultimately leads to deposit loss.
What is the essence of bet insurance?
Betting and playing on the stock market have many similarities. Often, they use the same terminology. Insurance in sports online betting aims to minimize monetary losses in cases where the course of a sports event follows an unfavorable scenario for the bettor.
As an example, consider a situation where a player placed a bet, and just before the start of the match, they find out that one of the key athletes of the team they bet on has been injured. Or the opposing team’s defense was significantly strengthened before the game. In a knowingly losing scenario for the bettor, all they need to do to avoid losing money is to bet on the opposite outcome of the event.
What does bet insurance provide?
With an insured bet, the likelihood of the bettor’s account going into the negative is minimized. Even under the most unfavorable conditions, they will either break even or remain slightly in profit.
It all depends on factors such as:
- coefficients for the event set by the bookmaker;
- the size of the bet made;
- the limit of the specific bookmaker’s office.
It is difficult to predict how events will unfold. Everything is individual, but the following scenarios are most likely:
- a player bets on the victory of team X and starts watching the match;
- during the match, team X loses several players, for example, due to injury or disqualification;
- the player realizes that team X has almost no chance of winning and decides to hedge their bet;
- on the website of the same bookmaker or another office, they bet on the victory of team Y.
If all calculations were done correctly, the bettor loses a minimal amount, breaks even, or even makes a small profit.
How to choose the right bookmaker for hedging?
Many legal bookmakers allow you to hedge your bets. Nevertheless, it is better for the player to be cautious and hedge possible risks themselves. Also, the right choice of a bookmaker plays a significant role.
To avoid mistakes, consider such nuances:
- availability of a wide line and betting options;
- licensed activities of the company;
- low margin level;
- positive reviews about the bookmaker from other players.
In addition to these points, it is essential to consider the specific site’s features, interface convenience, its rating among experts, etc.
