Insurance Bets Explained
All sports bettors want to make profits. Those bettors who have been following trends in the betting community long enough and closely enough have probably heard about insurance bets. Indeed, many gambling strategies involve betting before the match, in advance. But what to do if just before the start some new information pops up, that was missed earlier, or appeared just before? There can be many examples. From an injury of a key player of the team at the pre-match training to some football news, which can also affect the morale of the opponents, both in one direction and the other. Another scenario is also possible. The bettor starts to watch the match, on which he previously bet, and sees the problems.
Some factors and trends seen in live betting may look threatening for the bet to go through. Hence the question: should we do nothing, surrender to fate, or take action to minimize losses? Naturally, any reasonable player will choose the second option. There are scenarios with a more positive coloring. When the team on which you bet, confidently fulfills the plan, leads in the score.
What Is An Insurance Bet in Sports Betting?
The insurance bet is, in essence, a bet on the opposite outcome of some of the events in a soccer match. We will consider the example of soccer, as the most popular sport among the masses. But all the techniques described below are perfectly transferable to any other competition. For example, you have P1 and X2 for a main and insurance bet, respectively.
Consider that many bookmakers, including online betting, prohibit insurance bets. If you try to make opposite bets on the same outcome, in the same bookmaker's office, you either will not let you do it (the corresponding message will pop up) or may block the account. So, having accounts in at least two bookmaker offices is necessary. And better, in three or four. This will allow you not only to place insurance bets without the risk of being blocked but also to choose the most favorable odds.
Not all sites of bookmaker companies have the same convenient system, the interface of live betting. Betting before the match is better to make in BC, where the interface of live betting is not convenient. And if something is to be reinsured in another - where this interface you like more, more convenient, less slow. Also, it happens that during matches the live line is blocked. This may not allow you to cover in time, to make a counter bet. But such a phenomenon with the blocking of the line may not be in all BC at the same time.
Someone freezes the line for long periods, and other offices remove blocks more quickly. This is another argument to have accounts in several firms. If a line is blocked in one, it can be active in the second or third. This happens all over the place.
Also, some bookmakers or betting exchanges have a built-in function of selling your bet. In some cases, insurance can be carried out by this method. Just make sure that the office does not want to cheat you. As a rule, these knaves underestimate the price of selling the bet, although a classic fork out of the match can be more profitable. So, either do the math, or fork right away.
Bankroll Management & Insurance Bets
As it is not hard to guess, you need money to insure your live bets. Those players who are used to betting on the entire game bank simply don't have the resources for insurance, if any. In some other articles, we have already mentioned a certain rule: at the same time, use no more than 25-30% of the game bank. This allows you not to fail badly on a meek distance if you hit an unlucky streak. But the second important aspect is insurance. Use the bank left in reserve for this purpose.
Final Words
All of the above options should be in your arsenal. But this does not mean that you should panic and “fork out” and take insurance. Insurance is a very powerful tool. It should be used wisely and precisely. This is not why you make predictions, choose the most confident betting options, so that with the slightest doubt you can withdraw from the match and lose part of your winnings.
Every game should be approached thoughtfully. To be assured, if some very serious facts have surfaced, which will certainly affect the result. It is also appropriate to do this if everything is going too well, and at the current moment, the bet passes with a margin (a difference of two goals, as described above, or a difference of one goal, with not a clear advantage).
On some small things, it is not necessary to react sharply. Panic does not lead to anything good. Try to see in the ongoing match some serious signal, a trend that would justify the insurance. Only experience will help you to succeed in making the right decision. A lot of watched matches, a lot of bets, a lot of successful and unsuccessful experiences. Practice and it will come.
