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Hedging bets is by far the most successful betting strategy. This is where you're able to place multiple bets to cover all possible results and still make a profit regardless of the outcome of the game.
Hedging Bets\n\n Hedging is a risk-averse strategy that involves placing bets on different outcomes to lock in a certain level of profit or minimize losses, irrespective of the actual result. This strategy is particularly effective when the conditions or odds have shifted in your favor after you've placed your initial bet.
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    Gambling winnings are fully taxable and you must report the income on your tax return.
    Gambling establishments, including digital operations such as online sportsbooks, usually provide you and the IRS with a record of your taxable winnings.
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                    Last updated 1/2018