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Hedging is a method that allows punters to place multiple bets in an attempt to minimise any losses.
'Hedging your bets' is a term you might have heard outside of sports betting. It means taking action to prevent the worse from happening.
In the betting world, it means placing a number of bets that is one wins and the rest lose, you have still covered the amount you have lost.
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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.