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I keep losing last game parlays and am about to jump off my roof

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Hedge the final game of your parlay    Mutual funds eat up for profits in fees   Stick with common stocks
 
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How high is the roof?  paint_help

 
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I don’t know what you guys have against straight bets. Put 100 on each and you are up. Just never understood parlays. 

 
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Parlays
 
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Quote Originally Posted by kidvegas03:

I don’t know what you guys have against straight bets. Put 100 on each and you are up. Just never understood parlays.

Don't ever try to "understand" parlays.  They're a waste of money... an_burningbagMost people can barely predict the outcome of one event alone.  What makes you think that you can predict 2+ consecutive events? an_lightan_drunksick

"Schrödinger's bet." A bet that loses when you bet it but wins when you DON'T bet it...
 
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Quote Originally Posted by thekang:

Stop gambling, open a Vanguard Mutual Fund, enjoy life again.

Because the stock market is never going to crash again.  It would have been great advice in 2008.  Now you're telling someone to buy into an overbought market that has gone parabolic to "get smart" and put his money in a mutual fund.  The market will retrace to either 16000 or 8000 within the next 3 years.......If it goes below 8000 you've got bigger things to worry about so I wont even go into what happens with that scenario.....

 
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Quote Originally Posted by kidvegas03:

I don’t know what you guys have against straight bets. Put 100 on each and you are up. Just never understood parlays.

I spend most of my research time with college football and place straight bets with those.  I do a few parlays each NFL Sunday at a small fraction of my straight bets as I dont spend the necessary time to bet each individual game.  Keeps the day interesting without risking much money.

 
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Quote Originally Posted by thekang:

Quote Originally Posted by the1toturn2:

Hedge the final game of your parlay    Mutual funds eat up for profits in fees   Stick with common stocks
  Definitely don't do this. You will likely be as bad at stock picking as you will with football betting, Get your VanGuard, make a nice easy return, go to a financial adviser and not a person who thinks mutual funds "eat up for profits in fees" lol.

 

Am I living in opposite world?  Of course if you have a significant amount at stake in a parlay you should hedge it...that is a no brainer.

And regarding financial advisors....they are nothing more than glorified used car salesmen. I should know I worked in the industry for 20 years. Financial advisors are the past robo investing is the here an now.

 
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If you really believe he makes these bets, you also probably think the Browns will win the SB

 

Histrionic personality disorder. It's sad
 
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Posted: #12

Quote Originally Posted by ckattar8:

I play at a casino too far to make multiple trips

 

If you dont have the ability to hedge out on a parlay where you are winning $5900, you should not be doing parlays.

 
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Quote Originally Posted by wmi799:

If you really believe he makes these bets, you also probably think the Browns will win the SB[/Qu
Quote Originally Posted by wmi799:

If you really believe he makes these bets, you also probably think the Browns will win the SB

Whether he is or not really isnt important.  Because I guarantee there are people that read these boards that have been/will be in this situation in the future so I'm sure bringing up the fact that hedging is an absolute necessity in this situation.

 
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LOL! Whatever. No one who takes it seriously will pay attention to him or you

Histrionic personality disorder. It's sad
 
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Quote Originally Posted by wmi799:

Quote Originally Posted by wmi799:

If you really believe he makes these bets, you also probably think the Browns will win the SB[/Qu
Quote Originally Posted by wmi799:

If you really believe he makes these bets, you also probably think the Browns will win the SB
Whether he is or not really isnt important.  Because I guarantee there are people that read these boards that have been/will be in this situation in the future so I'm sure bringing up the fact that hedging is an absolute necessity in this situation.LOL! Whatever. No one who takes it seriously will pay attention to him or you

 

Let me guess....people reading posts only pay attention to you, right?

 

My point is maybe people read this that dont take it "seriously", have not even considered hedging as an option.  So somebody on here suggested he do so.  The OP was obviously asking for some type of solution to his "problem" and so somebody provided one.  Why do you seemingly have a problem with that?

 
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Posted: #16
don't parlay just bet individual games
 
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Posted: #17
1. Never count the money you haven't won.(down $400, not up $6900)
2 Make the biggest bets single bets ATS. 
3. Let those single wins pay for your parlays the next week.
4. Parlay with loose change, not single bet money.

Yesterday I went 1-5 ATS and hit one small two team parlay, down 4 units for the day. Went 11-2 weeks 1 and 2. It happens.

On the side I had a small ($20) 4-team parlay, like you said, for chits and giggles. It was BC -4.5, Penn St -35, Pitt +3.5, and Missouri -6. Missouri the last game. They were ahead by 10 when a Purdue pass was deflected by a defender, bounced off another defenders helmet into the waiting arms of a second Purdue receiver. 60+ yard gain and Purdue scores. To make it worse Missouri drives the length of the field with game tied to the 2.5 yard line with 50 sec's left. First down. They take a knee twice, run clock and kick a FG to win. Could have easily pushed it in for 7, but no.
This chit happens, that's why I bet only $20. I'm not jumping off a roof! 
I also had Mizzu -6 straight up and Ohio St -12.5. Chit happens, move on.

GL play within your means.



 
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my best advise ..  when you get down to your last team you need on your parlay .. get on the live lines betting and just hedge on the other teams .. take half of your prize money or whatever you can afford to get something out of your tickets .. the last team are the hardest team to win !! taking half the prize is the best options as of now .. things might change later down the season .. good luck young man
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