Posted:
#1
have la for the series do I play the phillies tonight
to hedge or not to hedge
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Views: 439
Posts: 16
Posted:
#5
Personally you cannot call it hedging when so far you are on the wrong side of the series bet. I would play nothing unless you were planning on making the play either way. The way I look at it your are already invested in LAD. If that is good enough let it ride but as AllBees pointed out what are you going to do if they win tonight, then Friday, etc?
Posted:
#8
Quote Originally Posted by Kaufee:
Don't ever hedge. If you're just going to hedge series bets and/or parlays, then there is no advantage to the odds you were originally given. Think about it. It's not hard to do the math.
Don't ever hedge. If you're just going to hedge series bets and/or parlays, then there is no advantage to the odds you were originally given. Think about it. It's not hard to do the math.
Yes there is a point: For a guranteed win once part of the bet is already decided. Think about it...
Say you have a 8-team parlay on NFL games and you're 7/7 going into Monday Night. Your initial bet was $20 to win $2K. In a heartbeat I would hedge that last game to guarantee a big win.
This of course isn't the exact situation that is brought up to begin this thread, but there are many situations where its smart
Posted:
#9
Quote Originally Posted by bchadwick:
Yes there is a point: For a guranteed win once part of the bet is already decided. Think about it...
Say you have a 8-team parlay on NFL games and you're 7/7 going into Monday Night. Your initial bet was $20 to win $2K. In a heartbeat I would hedge that last game to guarantee a big win.
This of course isn't the exact situation that is brought up to begin this thread, but there are many situations where its smart
I'm not going to get into an argument with you b/c it sounds like you clearly don't get it. But, if you were planning on hedging the Monday night game, then leave it off the parlay from the get go and take the odds with the 7 team parlay. It's people like you that make the books rich. If you're planning on hedging from the beginning, then just bet straight bets or smaller parlays. Hedging is not in a players best interest. Think about it and if you have a brain, you will understand
Posted:
#10
Quote Originally Posted by Kaufee:
I'm not going to get into an argument with you b/c it sounds like you clearly don't get it. But, if you were planning on hedging the Monday night game, then leave it off the parlay from the get go and take the odds with the 7 team parlay. It's people like you that make the books rich. If you're planning on hedging from the beginning, then just bet straight bets or smaller parlays. Hedging is not in a players best interest. Think about it and if you have a brain, you will understand
I'm not going to get into an argument with you b/c it sounds like you clearly don't get it. But, if you were planning on hedging the Monday night game, then leave it off the parlay from the get go and take the odds with the 7 team parlay. It's people like you that make the books rich. If you're planning on hedging from the beginning, then just bet straight bets or smaller parlays. Hedging is not in a players best interest. Think about it and if you have a brain, you will understand
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Posted:
#11
Kaufee you are absolutely right but most people who take these long odd parlays or future bets are doing it for $hits and giggles most of the time. They are usually small plays with the possibly of a big pay day. I have no problem cashing out (via hedging) if that was the case (Iike the 8 teamer discussed above). But you are absolutely correct in that it is against your interest and takes aways your odds. BOL!
Posted:
#14
Quote Originally Posted by jesron1269:
Kaufee you are absolutely right but most people who take these long odd parlays or future bets are doing it for $hits and giggles most of the time. They are usually small plays with the possibly of a big pay day. I have no problem cashing out (via hedging) if that was the case (Iike the 8 teamer discussed above). But you are absolutely correct in that it is against your interest and takes aways your odds. BOL!
Kaufee you are absolutely right but most people who take these long odd parlays or future bets are doing it for $hits and giggles most of the time. They are usually small plays with the possibly of a big pay day. I have no problem cashing out (via hedging) if that was the case (Iike the 8 teamer discussed above). But you are absolutely correct in that it is against your interest and takes aways your odds. BOL!
Jerson, I get that. I understand that once guaranteed $ is presented, it's difficult to turn down. However, If people are planning to hedge from the beginning, then they would be much better off to just leave that last game off of the parlay. You have to hit the first 7 to have a chance to hedge anyway. It doesn't take a rocket scientist to figure that out, yet I constantly see these dipshits practicing this method by adding the Monday or Sunday night game. Now, If someone laid down a $5 parlay for shits and giggles, then by all means, I have no problem with a hedge - although it still removes the odds you started out with. But, really -the overall point is it should never be used as a strategy and if it is....that person needs to stop gambling.
Posted:
#15
I never said anything about planning the hedge from the beginning. Where'd you get that from? Why would you plan that from the beginning?
My example makes perfect sense and is alligned with the arguments of a "for shits and giggles" bet. My argument is that once you secure enough outcomes in your bet, then you can hedge to guarantee winnings for yourself.
Here's a recent real-life example:
I had a 4-team parlay, $100 to win $1000. I hit the first 3 bets and was faced with a decision...Don't hedge and the outcome would be win $1000 or lose $100, or Hedge (I decided to hedge $500) to guarantee a $400-$500 win depending on the outcome. It turned out that the parlay did not hit, but the hedged bet did and I happily took the roughly $400 win. Sure, my potential 10/1 win turned into a 4/1 win, but I woulda lost my $ if not for the hedge
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