This concept also applies to "cashouts". Same as a hedge. Most of the time, DONT DO IT.
Please help Brorher
Would you hedge a Liverpool champions league winner Futures that pays around $8400 ( invested $1440) ??
If they advance to the final game I cash for 1800 on a to make final game future ..
I don't see Villarreal beating Liverpool by 2+ Tuesday, but I am concerned they lose to Man City in the championship.( think Liverpool would beat Real Madrid ) ...
Would you bet Man City to win the championship at +115 ??? If so how much ??
I'm tempted to put $3k+ down ...
Many THANKS in advance if you have time !!!
BEST OF HEALTH, HAPPINESS,WEALTH, BLESSINGS and LUCK TO ALL !!
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Quote Originally Posted by vanzack:
This concept also applies to "cashouts". Same as a hedge. Most of the time, DONT DO IT.
Please help Brorher
Would you hedge a Liverpool champions league winner Futures that pays around $8400 ( invested $1440) ??
If they advance to the final game I cash for 1800 on a to make final game future ..
I don't see Villarreal beating Liverpool by 2+ Tuesday, but I am concerned they lose to Man City in the championship.( think Liverpool would beat Real Madrid ) ...
Would you bet Man City to win the championship at +115 ??? If so how much ??
DU4L.... I am just seeing this. Hit me up on Twitter if you need an immediate response. But I certainly hope you didnt cash out. You are in a GREAT position now. GL
Thank you Brother, I'll hit you up there in the near future...Have a FANTASTIC summer , can't wait to read your thoughts on the WORLD CUP
My hate for man city put me in a even better spot ...
Couldn't bring myself to make my largest soccer better ever on a team I despise with passion
Ended up taking REAL MADRID at +1000 for $420 before the match to win the UCL
BEST OF HEALTH, HAPPINESS,WEALTH, BLESSINGS and LUCK TO ALL !!
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Quote Originally Posted by vanzack:
DU4L.... I am just seeing this. Hit me up on Twitter if you need an immediate response. But I certainly hope you didnt cash out. You are in a GREAT position now. GL
Thank you Brother, I'll hit you up there in the near future...Have a FANTASTIC summer , can't wait to read your thoughts on the WORLD CUP
My hate for man city put me in a even better spot ...
Couldn't bring myself to make my largest soccer better ever on a team I despise with passion
Ended up taking REAL MADRID at +1000 for $420 before the match to win the UCL
Quote Originally Posted by vanzack: DU4L.... I am just seeing this. Hit me up on Twitter if you need an immediate response. But I certainly hope you didnt cash out. You are in a GREAT position now. GL Thank you Brother, I'll hit you up there in the near future...Have a FANTASTIC summer , can't wait to read your thoughts on the WORLD CUP My hate for man city put me in a even better spot ... Couldn't bring myself to make my largest soccer better ever on a team I despise with passion Ended up taking REAL MADRID at +1000 for $420 before the match to win the UCL https://www.covers.com/forum/soccer-36/please-help-do-i-hedge-this-champions-league-future-103637716
After reading this.... Im pretty sure I cant wait for YOUR World Cup thread!
6 months and counting...
Support your local animal shelter. I am on twitter.
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Quote Originally Posted by DoubleUp4Life:
Quote Originally Posted by vanzack: DU4L.... I am just seeing this. Hit me up on Twitter if you need an immediate response. But I certainly hope you didnt cash out. You are in a GREAT position now. GL Thank you Brother, I'll hit you up there in the near future...Have a FANTASTIC summer , can't wait to read your thoughts on the WORLD CUP My hate for man city put me in a even better spot ... Couldn't bring myself to make my largest soccer better ever on a team I despise with passion Ended up taking REAL MADRID at +1000 for $420 before the match to win the UCL https://www.covers.com/forum/soccer-36/please-help-do-i-hedge-this-champions-league-future-103637716
After reading this.... Im pretty sure I cant wait for YOUR World Cup thread!
Quote Originally Posted by DoubleUp4Life: Quote Originally Posted by vanzack: DU4L.... I am just seeing this. Hit me up on Twitter if you need an immediate response. But I certainly hope you didnt cash out. You are in a GREAT position now. GL Thank you Brother, I'll hit you up there in the near future...Have a FANTASTIC summer , can't wait to read your thoughts on the WORLD CUP My hate for man city put me in a even better spot ... Couldn't bring myself to make my largest soccer better ever on a team I despise with passion Ended up taking REAL MADRID at +1000 for $420 before the match to win the UCL https://www.covers.com/forum/soccer-36/please-help-do-i-hedge-this-champions-league-future-103637716 After reading this.... Im pretty sure I cant wait for YOUR World Cup thread! 6 months and counting...
Hopefully FIFA 23 on the ps4 gives accurate predictions for the world cup , or I'll be broke
BEST OF HEALTH, HAPPINESS,WEALTH, BLESSINGS and LUCK TO ALL !!
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Quote Originally Posted by vanzack:
Quote Originally Posted by DoubleUp4Life: Quote Originally Posted by vanzack: DU4L.... I am just seeing this. Hit me up on Twitter if you need an immediate response. But I certainly hope you didnt cash out. You are in a GREAT position now. GL Thank you Brother, I'll hit you up there in the near future...Have a FANTASTIC summer , can't wait to read your thoughts on the WORLD CUP My hate for man city put me in a even better spot ... Couldn't bring myself to make my largest soccer better ever on a team I despise with passion Ended up taking REAL MADRID at +1000 for $420 before the match to win the UCL https://www.covers.com/forum/soccer-36/please-help-do-i-hedge-this-champions-league-future-103637716 After reading this.... Im pretty sure I cant wait for YOUR World Cup thread! 6 months and counting...
Hopefully FIFA 23 on the ps4 gives accurate predictions for the world cup , or I'll be broke
The only best way to hedge is hedging your futures bet.
For example: Last season if you got Eagles 10 to 1 odds to win the super bowl then a week before the super bowl between the Chiefs vs Eagles matchup. Place a bet on the Chiefs -1. You can bet the same amount on the Chiefs you did on Eagles futures or you can be 5 times on the Chiefs to even value with the 10 to 1 Eagles bet. Now you hedged on both teams to make profit.
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The only best way to hedge is hedging your futures bet.
For example: Last season if you got Eagles 10 to 1 odds to win the super bowl then a week before the super bowl between the Chiefs vs Eagles matchup. Place a bet on the Chiefs -1. You can bet the same amount on the Chiefs you did on Eagles futures or you can be 5 times on the Chiefs to even value with the 10 to 1 Eagles bet. Now you hedged on both teams to make profit.
Gamblers unwilling to do the math and yet blame bad luck for losing on a consistent basis. Even worse is the ignorance of the accumulated Vig of betting high volumes of games over time. More math swept under the rug.
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@vanzack
Gamblers unwilling to do the math and yet blame bad luck for losing on a consistent basis. Even worse is the ignorance of the accumulated Vig of betting high volumes of games over time. More math swept under the rug.
Im glad this got bumped up from so long ago. Its something ive never thought about.
Ive been betting a long time and im basically around even all time, slightly losing many years, more recently being a winner the last few seasons as I've learned. I usually have a couple fun cheap parlays i play each week during football season and ive always hedged that last game, never thought about it like this.
From now on i will do it the way you suggested. A couple times this year i actually hit those longshot parlays but i hedged away half my profit.
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@vanzack
Im glad this got bumped up from so long ago. Its something ive never thought about.
Ive been betting a long time and im basically around even all time, slightly losing many years, more recently being a winner the last few seasons as I've learned. I usually have a couple fun cheap parlays i play each week during football season and ive always hedged that last game, never thought about it like this.
From now on i will do it the way you suggested. A couple times this year i actually hit those longshot parlays but i hedged away half my profit.
Hedging depends on other factors too. I started out as a parlay lotto guy. If you play enough parlay, you would also notice that your last leg is usually the ones that fawks you up. Maybe it has something with the last game of the day being jinx or Monday night being shady.
Now hedging depends on the individual and how much the parlay pot is. If $100 ticket pays $10,000, you know darn well I'll hedge for half pay because I have never seen what $5k looks like before. If it pays $700 on a three teamer, let her ride. $700 is chump change to some folks.
Now there's the third strategy. No matter how much my payout on a parlay will be, I'll hedge the last leg to get my initial wager back.
So it's either even or a handsome pay. Can't lose this way.
Why parlay? Because we are busy to bet single bet and roll all in onto the next leg which pays more. Parlay should be done in segments. Early games parlay n cash out, double header parlay n cash out. Silly would mean betting early, double header, snf, MNF, all on a parlay. Parlay is still for suckers but it's a lottery and I'm not expecting to win any parlay or lottery anytime soon. Small bet n take a shot at big time multiplier for fun. Yes, losing money for fun.
X_____________________________
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Hedging depends on other factors too. I started out as a parlay lotto guy. If you play enough parlay, you would also notice that your last leg is usually the ones that fawks you up. Maybe it has something with the last game of the day being jinx or Monday night being shady.
Now hedging depends on the individual and how much the parlay pot is. If $100 ticket pays $10,000, you know darn well I'll hedge for half pay because I have never seen what $5k looks like before. If it pays $700 on a three teamer, let her ride. $700 is chump change to some folks.
Now there's the third strategy. No matter how much my payout on a parlay will be, I'll hedge the last leg to get my initial wager back.
So it's either even or a handsome pay. Can't lose this way.
Why parlay? Because we are busy to bet single bet and roll all in onto the next leg which pays more. Parlay should be done in segments. Early games parlay n cash out, double header parlay n cash out. Silly would mean betting early, double header, snf, MNF, all on a parlay. Parlay is still for suckers but it's a lottery and I'm not expecting to win any parlay or lottery anytime soon. Small bet n take a shot at big time multiplier for fun. Yes, losing money for fun.
I raraely hedge but I did this past Sunday. Had a 6 teamer that would hit for significant money heading into the GB game needing GB to cover the spread. Hedged on minnesota and it has been knawing at me since. Could have atleast caught a live game hedge at big + money once they went down. With that said, I only hedged about 20% of the parlay payout. Could have been worse
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I raraely hedge but I did this past Sunday. Had a 6 teamer that would hit for significant money heading into the GB game needing GB to cover the spread. Hedged on minnesota and it has been knawing at me since. Could have atleast caught a live game hedge at big + money once they went down. With that said, I only hedged about 20% of the parlay payout. Could have been worse
With the ease of access and in game betting in todays market, hedging can be beneficial with an in-game play trying to hit a middle. Obviously involves risk once the game starts as your line may never land in your favor, but for the most part, you can usually find better in game lines than the opening/closing line.
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With the ease of access and in game betting in todays market, hedging can be beneficial with an in-game play trying to hit a middle. Obviously involves risk once the game starts as your line may never land in your favor, but for the most part, you can usually find better in game lines than the opening/closing line.
With the ease of access and in game betting in todays market, hedging can be beneficial with an in-game play trying to hit a middle. Obviously involves risk once the game starts as your line may never land in your favor, but for the most part, you can usually find better in game lines than the opening/closing line.
Hedging and middling are related, but more like cousins....
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Quote Originally Posted by BigGame90:
With the ease of access and in game betting in todays market, hedging can be beneficial with an in-game play trying to hit a middle. Obviously involves risk once the game starts as your line may never land in your favor, but for the most part, you can usually find better in game lines than the opening/closing line.
Hedging and middling are related, but more like cousins....
16 year old thread, and still relevant. This gets discussed every day on twitter and here at covers. Still widely misunderstood. I love looking at all of the banned avatars from days gone by.
Was thinking the same thing...
People who can afford to gamble don't need money, and those who need money can't afford to
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Quote Originally Posted by vanzack:
16 year old thread, and still relevant. This gets discussed every day on twitter and here at covers. Still widely misunderstood. I love looking at all of the banned avatars from days gone by.
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