Quote Originally Posted by pucku27:
PLACE AFEW DAYS AGO
ONLINE
01/08/2013
01:16 PM
[Ticket #: 133136321] PARLAY (4 TEAMS) RR (1P-4T) |
01/12/2013 @ 01:30 PM | NFL | [110] DENVER -9-110 | 01/12/2013 @ 05:00 PM | NFL | [111] GREEN BAY +3-130 | 01/13/2013 @ 10:00 AM | NFL | [114] ATLANTA -3+110 | 01/13/2013 @ 01:30 PM | NFL | [116] NEW ENGLAND -9½-110 |
| 500.00 | 6270.60 |
All of the games are at different times. Why put it on a parlay card? Just parlay the money yourself.
This way you won't have to jump in here and ask, "Should I hedge?" after three games have been played, like everyone else does. Instead, you can "hedge" some of it yourself by simply not betting all of your combined winnings on the final game, thereby "guaranteeing" yourself a profit.
If you bet $500.00 on the first game, and win, you will win $454.55 and have $954.55.
If you bet $954.55 on the second game, and win, you will win $734.27 and have $1,688.81.
If you bet $1,688.81 on the third game, and win, you will win $1,857.69 and have $3,546.50.
If you bet $3,546.50 on the fourth game, and win, you will win $3,224.09 and have $6,770.60.
Parlaying it yourself individually is the same as putting it on a ticket.
Or, you can bet less than $3,546.50 on the fourth game, thereby locking in a profit, without having to "bet against" yourself.
As it was so accurately put in an epic thread, "If you find yourself in a
position to hedge, you've
already made a fundamental error."