Hedging, Free Rolls, and Locking Profit

intermediate8:20sports betting

Hedging is not always optimal — sometimes letting the ticket ride has positive EV. This video walks through the math of hedging a futures wager, when a free roll actually exists, and the psychological traps that make hedging feel right even when it is wrong.

Lesson objectives

  • Show when hedging improves comfort but hurts EV.
  • Walk one equal-profit hedge example.
  • Define what a true free roll is and is not.