But what exactly are we hedging? Your feelings! I find out long time ago this is a great way to feel a little bit better when you do not want an outcome to happen but that you feel is quite likely to happen, as in the example above if you do not like the idea of Trump winning a small bet on his favour insurances you that no matter the results you will be somewhat happy the day after the elections.
Reverse betting, ah ah I like it. If you want Trump to win, bet on Biden. If you want Biden to win, bet on Trump. Either way you win something and lose something.
I did the opposite once and lost both the bet and the election, it wasn't pretty !
Believe me I know that pain as well especially when it came to my favourite teams, I used to bet on their favour even when I knew deep down they had no chance of winning thinking that even if the odds of winning were low if they were able to get the win not only I will be happy about the upset victory but also for the small profits they gave me.
But after several heartbreaking losses I decided to do the opposite and for the most part I think it is a better option, obviously you do not get the scenario of winning it all but no matter what happens I feel a lot better the day after and that counts a lot to me.