Editing your bet is a fairly new addition to the sports betting world. It allows players to add, swap, and remove selections, as well as some other things, as long as their bet is unsettled. This option is available both pre-match and in-game.
Since it is quite new it is not quite so wide-spread as of yet. This means that punters interested in this option will be limited to a small number of online sportsbooks. This innovative betting option is great because it basically allows punters to improve their chances of winning, edit their bet so that it is less risky, and use this option to help them incur fewer losses.
Bet Editing Explained
NFL bet editing is a feature that has been developed in order to keep the interest of both new and experienced punters. After all, there are more and newer online sportsbooks every day as this is quite the competitive market. The feature is available whenever cash-out is for all unsettled selections in your bet.
One of the things this feature allows punters to do is to add a selection to their bet. You will be able to browse the sportsbook’s website to find the most suitable addition. This way you can add value to your bet and enhance your odds.
Another thing you can do thanks to the edit bet feature is swapping a selection. That way if you think another outcome is more likely than the one you have currently placed a bet on, you can change that. This improves your chances of winning but it is also important to take into account the fact that doing this during a game will affect the odds. This means that it might be harder to find value.
You can also remove a selection using the edit bet feature. This is particularly useful if you find out that you have made a mistake by placing a given bet. The edit bet feature allows you to undo the removal as well, so if the odds change and the bet gains value once again, you can simply choose this option.
Changing your bet type is another option that is available when editing your bet. There are some restrictions to the changes of this sort that you can make. All applicable options will be visible to you and you will be able to choose any of them.
Additionally, you can also increase your stake thanks to the edit bet feature. This means that if you have made a small bet because you were uncertain of the outcome of a certain event you will be able to amend that. This way you will be able to enjoy better profits.
How to Edit an NFL Bet
Usually, the online sportsbooks that offer this feature place it in the cash-out section as editing is available only on bets eligible for cash-out. It is usually in a separate tab with ‘Edit Bet’ available as a selection. When you click on that you will be able to see all the different options.
When you want to add a bet you will need to click on the corresponding option and browse the website of the sportsbook of your choice. Then, when you have found the bet you wish to make you will be able to add it. However, your other bets will be updated as well.
Whenever you wish to swap your bet you will need to first check the available options. Your new selection will need to be from the same market. Once again, when you choose this option, your bet will reflect the current odds and not the ones when you initially placed your bet.
To remove a selection, you simply need to press the ‘X’ next to it. You will still be able to see it and undo your decision at any time. Of course, all prices will be updated.
As we mentioned, you can also change your bet type. To do this, you will need to first select the original type of your bet and then pick one of the other available options. When you do this, you will need to change your stake amount.
You can also increase your stake using the edit bet feature. You basically add a stake to your original bet. Your return figure will then be updated and all you will need to do afterward is confirm that these are the changes you wish to keep.
Advantages and Disadvantages
The advantages of this feature are that it allows you to change your bet as the game progresses. This way you can increase your chances of winning. This is definitely a positive new feature as NFL betting fans can now rest assured that even if they have made a bet that would have lost, they will now have the opportunity to change it or altogether remove the selection they believe would be a losing one.
Another advantage of editing bets is that it is quite straightforward. Once you have gone to the right part of the page, you will be able to see all available options for changing your bet. Regardless of the change you wish to make, you will be able to easily make it.
This option also gives NFL bettors a chance to minimize the risk that comes with sports betting. Whenever they see that their initial bet is more likely to turn out to be a losing one, they can turn things around. Of course, you always need to take into account exactly how good or bad your chances of winning are before resorting to editing your bet.
You also need to take into account the fact that when changing your bet entirely, you will be basically placing a new one. This means that you will be paying the vig of the sportsbook twice. This may not matter if you are about to have a substantial win, but it is still worth keeping in mind. Additionally, NFL bettors will need to take into consideration the fact that their new bet will be made at the current cash-out value of their initial one.
However, editing bets is not yet available everywhere, so players who wish to have this option will have a limited number of sportsbooks to choose from. Additionally, not all sportsbooks that have this feature offer the same types of changes that can be made. This means that some of them have less available options.
Something that can be seen as a disadvantage is that when you change your bet, the prices will be updated to the corresponding current odds. Sometimes that will be a positive change, but at other times this could be a negative one. This simply means that NFL bettors need to make sure that the current odds are to their advantage.
Overall, bet editing is a great new feature that allows NFL bettors to manage risk far better than before. This means that players can minimize their losses and increase their winnings. The only real downside is that not many sportsbooks offer this option at the moment. However, given that it is revolutionary and universally approved, it is bound to appear everywhere soon. The advantages far outweigh the disadvantages in this case and NFL bettors stand to benefit from it.