Posted:
#1
You always say that it only makes sense to hedge if the odds have changed in your favor, this is the case in my question but I don't know if it's enough to warrant a hedge. Lets get to it.
I have Miami Dolphins ml even money to close a parlay that also contained Browns ml +145, Rams pk and Jaguars + 310.
Risk 25 to win 911 so a litle over 36:1 pay out. A standard 4 teamer pays 10:1 and true odds are 16:1, this parlay obviously paid out nice because of jacksonville. I only parlay when I truly believe I have a big ml dog to throw in and make sure it pays at least 16:1. I would normally be content to let this parlay ride I only threw $25 on it, however the odds have flipped and I can now gets pats +2 or Pats +105 currently from my local, and I also have dolphins at even money for 1500/1500. Would you say it's a smart decision to put 500/525 on pats as hedge my risk on the straight bet knowing if the dolphins win my parlay hits? I still believe the dolphins win and will most likely let it ride out...but would you do in similar circumstances?
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