Betting is known to have a special charm.
Imagine yourself sitting on your sofa at home, watching all the Sunday afternoon games one by one.
Imagine now that you are checking your bill and seeing all the signs you have predicted line up one by one.
You got the first, second, third, fourth game…
Got the fifth in the dying minutes 😲
Now you’re only missing one: a home win for your favourite team on Sunday night!
THE TRADITIONAL METHOD: COVER WITH THE OPPOSITE SIGN PRE-MATCH
Let’s start with the fastest, but not the most convenient method.
I advise you to use it if you do not have the time to practice the 3 methods I will explain later.
This is your starting situation: You have decided to take home a profit, less than expected, but still some money earned.
What do you do to cover it?
You go back to the betting agency and get them to tell you what the opposite odds are to the sign you have on the bet slip.
– If you bet on sign 1 you will need to know the odds for sign X2, if you bet on sign 2 you will get the odds for sign 1X.
– If you bet on X you will get the odds for sign 12. Right?
– If you only bet online, just go to your favourite bookmaker and look for the odds of the opposite sign to cover.
What do you do after you find out the odds for the opposite sign?
- Take out your bill and write down the amount of the total winnings on your bill.
- Take that number, subtract the amount you spent playing the slip and divide what’s left by the odds you’ve just been given.
- What you come up with is how much you need to bet on the opposite sign to cover your slip.
Once you’ve covered, you won’t need to know the outcome of the match. You won’t even have to follow the match. You will be WINNING either way!
THE CONTROLLED RISK METHOD: COVER 50% PRE-MATCH AND 50% LIVE
This method of hedging your bet is a little less fast, requires more attention and is slightly riskier.
Here’s how it works.
What you’ll need to do is hedge 50% of the winnings from your bet using the pre-match mode (the one I described in method 1, the traditional method).
The other half you cover in live mode.
No matter how the match ends, you’ll have a guaranteed profit.
Now let’s see what happens to the variable part, the one you have to cover in live mode. Let’s assume that the total winnings you have to cover are $100.
With the traditional method, you have already covered the first $50 (you can use the Method 1 calculator to work out the amount).
You still have $50 left to cover on X2 in Live mode.
BY COVERING IN LIVE MODE YOU WILL BE ABLE TO TAKE ADVANTAGE OF THE ODDS CHANGES DETERMINED BY THE SCORE AND THE CIRCUMSTANCES THAT ARISE DURING THE MATCH.
The match starts and after one minute the home team is already ahead.
The live odds for X2 from that moment on will be much higher than the pre-match odds.
If at the start of the match, at 0-0, the X2 sign was at odds of 3, after the home team’s goal the X2 odds will be much higher.
Basically if you cover after the home team’s goal, you will need much less money to cover that remaining $50 winnings.
Advantages and Disadvantages of the 50% Pre-Match, 50% Live Method
Advantage: you can take home more money than with method 1 if the match turns in your favour straight away;
Disadvantages: you have to follow the game. Disadvantages: You have to follow the game if it does not immediately turn in your favour. If the game does not immediately turn in the direction of the sign you bet on in the multiple, you may win less money than with method 1.
To determine how much money you need to put down to cover your bet, you can use the calculator for Method 1 (for both pre-match and live coverage).