to hedge or not to hedge

Question

have la for the series do I play the phillies tonight

kdannen · Answer

have la for the series do I play the phillies tonight

daLOCKSMITH · Answer

duh

koko11 · Answer

Depends on how much you got in it and at what odds....baring a miricle form the LAD&#x27;s then you are going to loose.. If it is a lot to you I would hedge.. If it is a few Units I would not worry about it...

allbees · Answer

but what if LA wins tonight, does he hedge Game 6?  What about Game 7, if LA wins again?

jesron1269 · Answer

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?

bchadwick · Answer

take the Phils tonight. They have a better chance of winning this one than any potential future ones in the series. If LA wins today, then I think you have an ok shot at your initial bet winning

Kaufee · Answer

Don&#x27;t ever hedge. If you&#x27;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&#x27;s not hard to do the math.

bchadwick · Answer

&#xD;&#xA;Yes there is a point: For a guranteed win once part of the bet is already decided. Think about it...&#xD;&#xA;Say you have a 8-team parlay on NFL games and you&#x27;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.&#xD;&#xA;This of course isn&#x27;t the exact situation that is brought up to begin this thread, but there are many situations where its smart

Kaufee · Answer

[Quote: Originally Posted by bchadwick]  &#xD;&#xA;Yes there is a point: For a guranteed win once part of the bet is already decided. Think about it...&#xD;&#xA;Say you have a 8-team parlay on NFL games and you&#x27;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.&#xD;&#xA;This of course isn&#x27;t the exact situation that is brought up to begin this thread, but there are many situations where its smart  [/Quote]I&#x27;m not going to get into an argument with you b/c it sounds like you clearly don&#x27;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&#x27;s people like you that make the books rich. If you&#x27;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

Thurow · Answer

...

jesron1269 · Answer

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!

Vegasbookie2 · Answer

hey, i said hedge it...if u got LaD  1unit for series...then hedge 2 units on Philly....if philly lose then game 6...hedge 4 units.....if lose again...then 8units philly.....Philly going to win

jfio626 · Answer

Take the over.

Kaufee · Answer

Jerson, I get that. I understand that once guaranteed $ is presented, it&#x27;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&#x27;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.

bchadwick · Answer

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

to hedge or not to hedge

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