Definition
Placing a bet on the opposite side of a position you already hold to lock in a profit or cap a loss — common before the final leg of a parlay or a futures ticket.
Related terms
- Arbitrage (Arb) — Backing both sides at different books at prices that sum below 100% — a guaranteed profit regardless of the result.
- Middle — Opposing bets at two lines with a gap between them, so a result in the gap (e.g. Over 7.5 and Under 8.5) wins both legs.