Hedging Your Bets (tank)

[SoccerWatch]

Hey fellas I just found live betting on 5dimes and It got me thinking....
Simple scenario:
I bet 100$ on a game that I am going to watch. After the first half of the game the team I pick is down and the pick is looking less desirable. Would a book mind if I bet the game (live) the opposite way I initially bet to hedge my pick?

[TommieGunshot]

Every sportsbook in the world would love it if you did that

[SoccerWatch]

Yep thats what all the vets said in the other thread

[semibluff]

There will be times when events moves with you and you have the opportunity to hedge out, (or arb if you prefer), and there will be times when it goes the other way. Don't be scared of either and don't listen to dogma. If a betting line doesn't reflect the true situation then be prepared to take advantage of it. Your previous betting position shouldn't influence you against a decision to bet the other side. However, you shouldn't rush into it either. This is especially true when spread/index betting. Bets should reflect value when you make them, (barring the rare life-changing-money last leg of a parlay).

[5918mike]

Heavy juice, they love it but it's a tricky proposition.

[Alan Aktion]

It all depends on a few different factors. First off, the size of the wager you're wanting to hedge against. Second, the size of your bankroll. Lastly, what is your overall strategy and philosophy of investing.

If you're a recreational investor looking for any kind of a score, you probably ride it out. If you're trying to build a bankroll and make coin on a somewhat consistent basis, you probably want to hedge to secure a profit.