This means that you do a second bet against your first bet in order to win in any way. Let's see this with one example. You have placed a combi bet with 5 matches. The first 4 matches are correct. On the 5th match you have bet it 1 and the stand during the game is 1:0. If the match would end 1:0 the betting ticket would be won. But if the match ends 1:1 all the ticket would be lost. In this situation you can bet X2 and no matter what the end result will be, one of your both betting tickets will win. So when the match ends 1:0 but will have little less winnings but you don't risk to lose your whole winnings.
Saving a bet can be applied on single bets also. In general this is known as trading. By this way it is possible to place short time bets. For example you can bet on under 2.5 goals and if nobody scores till the 15th minute you can save the bet.
For single bets trading it is suggested to bet on a betting exchange market like Betfair because the payout is very high. Unfortunately for the citizens of Germany the betting exchange market is not offered. So they have to trade in a bookmakers. Citizens from the United Kingdom can bet on Betfair normal.
Saving your bet is a very useful betting strategy. In this way you avoid to lose all your winnings.