Hedge
Placing a bet on the opposite side of an existing wager to guarantee a profit or reduce risk. Common when a futures bet is close to paying out.
Like selling half your stock position after a big gain: you lock in profit but cap your upside.
Why it matters
Hedging locks in guaranteed money but reduces your maximum payout. The decision should be based on bankroll management, not emotion.
How DMP uses this
DMP's EV framework helps you decide when hedging is mathematically justified vs. when letting the original bet ride offers more expected value.
Common mistake
Hedging every bet that's winning — if the original bet is still +EV, hedging gives away expected value for certainty you may not need.